Growth capital
Temasek leads $80m round for Singapore biopharma player
Singapore’s Temasek Holdings has led an $80 million funding round for domestic biopharmaceutical company Tessa Therapeutics with support from a number of venture and growth capital investors.
Deal focus: The flair apparent
Gaja Capital’s investment in Chumbak Design aims to leverage an emerging sub-trend in India’s growing consumer space where style-conscious millennials are making their mark
TPG Growth closes fourth fund at $3.7b
TPG Capital has closed its fourth global middle market and growth equity fund at the hard cap of $3.7 billion after four months in the market.
GLP, BOCGI invest $70m to China logistics player G7
Warehouse operator Global Logistic Properties (GLP) and Bank of China Group Investment (BOCGI), a direct investment arm of Bank of China, have committed $70 million to G7 Networks, a Chinese manufacturer of smart devices for the logistics sector.
Vertex leads $50m round for China’s Guoxiaomei
Vertex Ventures China has led an initial Series C round of funding worth $50 million for Guoxiaomei, a self-service smart shelf operator.
Warburg Pincus invests $350m in India's Bharti Telemedia
Warburg Pincus has invested $350 million in Bharti Telemedia, the direct-to-home (DTH) satellite television services arm of Indian telecom services provider Bharti Airtel.
Sequoia-CMC sports fund backs China’s Supermonkey
Chinese fitness start-up Supermonkey has raised a Series C round of funding led by Jiansheng Sports Fund, a vehicle established by Sequoia Capital China and CMC Holdings.
Baidu Capital leads round for China’s WM Motor
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
Yao Capital, IDG back sports marketing business Shankai
Yao Capital and IDG Capital have invested RMB300 million ($45.3 million) in Shankai Sports, coinciding with the Chinese sports management company signing an agreement to manage the China operations of golf’s PGA Tour.
China bike-sharing operator Hellobike raises $350m
Chinese bike-sharing operator Hellobike has raised $350 million in a Series D round of funding from several investors including Alibaba Group’s Ant Financial and Chengwei Capital.
MicuRx Pharma gets $15m to support China drug trials
MicuRx Pharmaceuticals, a Sino-US bio-pharmaceutical company, has received RMB100 million ($15.1 million) in funding in a round led by existing investors Delian Capital and BVCF.
Livingbridge completes debut Australia deal
UK-based GP Livingbridge has made its debut investment in Australia with a commitment of undisclosed size to project management consulting company TSA Management.
ADIA buys stake in KKR's India NBFC
The Abu Dhabi Investment Authority (ADIA) has invested in KKR India Financial Services (KIFS), an Indian non-banking finance company (NBFC) backed by KKR.
Coatue leads $177m round for Chinese comic book app
Kuaikan Comic, a mobile app that focuses on Chinese comic books, has raised a $177 million Series D round of funding led by Coatue Management.
Eight Roads launches $223m Japan fund
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has launched its second dedicated Japan fund with a corpus of JPY25 billion ($223 million). The firm’s parent committed all of the capital.
Sequoia China backs fixed income manager Income Partners
Sequoia Capital China has made a strategic investment in Income Partners, a Hong Kong-based emerging markets asset manager that specializes in fixed income funds.
Japan's Nomura to launch private equity unit
Nomura is reviving its private equity business with a view to participating in the founder succession and corporate divestment opportunities that are attracting a lot of interest in Japan.
Legend leads $37.5m round for China’s ALO7
Legend Capital has led a $37.5 million Series D round for ALO7 Network Technology, which develops English learning materials for Chinese K-12 students.
Warburg Pincus backs Chinese car park operator
Warburg Pincus has led a RMB1.5 billion ($227 million) round of funding for Sunsea Parking Industry Group, a Chinese car park management company. Furniture retailer Red Star Macalline - a Warburg Pincus portfolio company - also participated.
India's Edelweiss raises $270m pre-IPO fund
Edelweiss Financial Services has raised a new fund to invest in pre-IPO funding rounds for Indian companies, with a corpus of INR17.5 billion ($271 million).
STIC buys stake in Korean telecom equipment maker
STIC Investments will take a 25.18% stake in Winnercom, a South Korean manufacturer of telecom equipment and automobile components, as part of Humax’s acquisition of the company.
China cancer treatment developer receives $101m
China Venture Capital Fund, a VC vehicle backed by the Chinese government, and ChinaEquity Group have jointly led a RMB670 million ($101 million) round for 3D Medicines, which focuses on personalized diagnostics and treatment for cancer.
Japan-China e-commerce business gets $68m Series C
Inagora, a VC-backed e-commerce platform that supplies Japanese products to Chinese consumers, has received $68 million in Series C funding from Itochu Corp, KDDI Corporation, and SBI Holdings.
Singapore IP fund commits $52m to cloud-based telecom player
The Makara Innovation Fund (MIF) – a Singapore government-backed vehicle that focuses on intellectual property-driven businesses – has made its first investment, backing Asia telecom player MyRepublic.