Growth capital
Asia PE technology tilt not to be feared - Hamilton Lane
Increased participation by PE investors in minority technology deals in Asia – and the significant contribution this has made to recent industry performance – should not be cause for concern, according to Juan Delgado-Moreira, vice chairman at Hamilton...
India's Tata Digital makes healthcare, fitness investments
Tata Group’s digital unit has continued its investment spree, dipping into India’s healthcare and fitness spaces with the acquisition of telemedicine platform 1mg Technologies and a $75 million commitment to CureFit.
Mekong invests in Vietnam appliances maker
Vietnam’s Mekong Capital has invested $10 million in local water purifier and electrical appliances maker Mutosi Group.
China LiDAR specialist Hesai closes $300m Series D
Hesai Technology, a China-based developer of sensors used in autonomous driving, has raised a $300 million Series D round led by GL Ventures.
China renovation materials trading platform raises $400m
Chubby Bear, a Shanghai-based B2B platform that matches buyers with suppliers of renovation materials, has raised $400 million across two tranches of Series C funding.
China mRNA specialist Stemirna gets $200m in funding
Stemirna Therapeutics, which claims to be the first biotech company to bring an mRNA therapeutics and nanomedicine platform to China, has raised $200 million in funding.
Thailand's Flash Express secures $150m in new funding
Thailand-based express delivery company Flash Express has raised $150 million across an extended Series D round and a Series E round. It has now raised approximately $550 million to date and claims to be Thailand’s first unicorn.
Anchor invests $550m in Japan unit of Korea's Kakao
Anchor Equity Partners, a mid-market private equity firm focused on opportunities in North Asia, with a particular focus on Korea, has invested JPY60 billion ($550 million) in the Japan unit of Korean internet giant Kakao.
Alibaba, Baring Asia back Masan's Vietnam grocery push
A consortium led by Alibaba Group and Baring Private Equity Asia has invested $400 million in the combined consumer goods and grocery retail operations of Vietnam conglomerates Masan Group and Vingroup.
India's Pine Labs raises $285m
Pine Labs, an India-based payments start-up that recently expanded its Southeast Asia footprint through the acquisition of Malaysia’s Fave, has secured $285 million in new funding.
EQT backs Indonesia flavors, fragrances player
Product innovation and geographic expansion are on the agenda for Indonesia-based flavors and fragrances (F&F) provider Indesso Group following EQT’s acquisition of a minority stake in the business.
Deal focus: Cityneon proves the show must go on
Singapore’s Cityneon has seen a robust rebound in its live events business, driven primarily by China. The company now has $177 million in new funding and deals covering everything from ancient Egypt to Avatar
China Growth Capital leads Series C for Hygea Medical
China-based medical devices manufacturer Hygea Medical Technology has raised a RMB500 million ($77 million) Series C round led by China Growth Capital.
Deal focus: Xingyun’s trade flow proposition
Having built its business on imports into China, e-commerce enabler Xingyun now wants to take Chinese brands global as well. For HI Transformational Fund, it represents a compelling inflection point
China's NextData raises $135m Series D
NextData, a China-based cybersecurity services provider, has secured $135 million in Series D funding led by CPE, Matrix China Partners, Hopu Investment, Tencent Holdings, and Xiang He Capital.
India's Chargebee closes Series G, hits $1.4b valuation
Sapphire Ventures, Tiger Global Management, and Insight Venture Partners have led a $125 million Series G round for Chargebee, an India-founded and US-headquartered enterprise services business.
KKR, DCP back China's Adopt A Cow
KKR and DCP Capital Partners have jointly invested in Adopt A Cow, a China-based dairy farm operator that pursues a direct-to-consumer sales model underpinned by digital tools.
China's ZJS Express raises $153m
China-based logistics provider ZJS Express has raised a RMB1 billion ($153 million) Series B round led by Sino-Ocean Capital. Gaolin Capital and state-backed HighRun Capital also participated.
Temasek leads $200m Series E for China's Arrail Dental
Arrail Group, one of China’s largest dental services providers, has raised close to $200 million in Series E funding led by Temasek Holdings.
KKR joins $61m round for Japan's Netstars
KKR has contributed JPY4 billion ($37 million) to a JPY6.6 billion funding round for Netstars, a Japanese QR code payment gateway operator. SIG and Lun Partners, a Hong Kong-based global financial technology investor, also took part.
Affirma hits first close on Korea fund, backs SK mapping spinout
Affirma Capital has reached a first close of KRW443 billion ($403 million) on its fifth Korea-focused fund, while simultaneously announcing a $181 million investment in SK Telecom’s mobility business.
Vision Fund, BlackRock lead Series D for Singapore's Trax
Trax, a Singapore-headquartered start-up that uses computer vision technology to help retailers link sales to in-store and on-shelf positioning, has secured $640 million in Series E funding led by SoftBank Vision Fund 2 and BlackRock.
L Catterton invests $182m in Japanese healthcare business
L Catterton has invested JPY20 billion ($182 million) in PHC Holdings Corporation, a Japanese healthcare business – formerly known as Panasonic Healthcare – backed by KKR.
Japan payments start-up Paidy closes $120m Series D
Japanese payments start-up Paidy has raised $120 million in Series D funding from JS Capital Management, Soros Capital Management, Tybourne Capital Management, and Wellington Management.