Growth capital
Future Fund backs $200m round for China's Tuya Smart
Australia’s Future Fund has joined a $200 million Series C round of funding for Tuya Smart, a Chinese internet-of-things (IoT) and voice artificial intelligence (AI) platform.
Chinese voice AI specialist Unisound receives $89m
Unisound, a Chinese artificial intelligence (AI) solutions provider that specializes in voice recognition and language processing, has received RMB600 million ($89 million) in Series C-plus funding.
SE Asian corporates eye PE collaborations – AVCJ Forum
Private equity firms present attractive partnership opportunities for corporate investors in Southeast Asia as both public and private companies seek to augment their existing strengths and fuel growth strategies.
TPG leads $100m Series D for India’s Bigtree
TPG Capital has led a $100 million Series D funding round for Bigtree Entertainment, an India-based ticketing services company best known for its aggregator service BookMyShow.
Chinese AI player Yitu raises another $100m
Yitu Technology, a Chinese artificial intelligence (AI) start-up, has received $100 million in funding from China Industrial Asset Management (CIAM). It comes a month after the company raised a Series C-plus round of $200 million.
China biotech: Finding the formula
An eruption of investment and company creation in Chinese biotech has signaled the dawn of a raw but promising market. First-movers must negotiate immediate pitfalls while targeting long-term upside
China's Ascentage Pharma gets $150m in Series C funding
Ascentage Pharma, a Chinese biopharmaceutical company primarily focused on treatments for cancer, has raised $150 million in Series C funding.
India’s Unacademy raises $21m Series C round
Indian online education platform Unacademy has raised a $21 million Series C round of funding from a group of investors led by Sequoia Capital India.
China's Snowball Finance raises $120m Series D
Snowball Finance, a Chinese online financial information platform that subsequently expanded into asset management, has raised $120 million in a Series D round of funding led by Ant Financial, Alibaba Group’s financial services affiliate.
Cathay reaches $700m first close on Sino-European fund
Cathay Capital Private Equity has reached a first close of EUR600 million ($702 million) for its latest middle-market Sino-European fund. The target is EUR1.2 billion.
TA invests in India mutual funds business
TA Associates has acquired a minority stake in Prudent Corporate Advisory Services, an India-focused provider of mutual funds and other wealth management products.
Hong Kong's GoGoVan raises $250m
Hong Kong-based last-mile logistics company GoGoVan has raised $250 million from a group of investors led by China’s InnoVision Capital.
Malaysia to see increased mid-market competition
A shortage of attractive and accessible targets and the introduction of new private equity players - notably from the banking sector - could result in a squeeze on Malaysia’s middle-market deal flow.
Morgan Stanley, Banyantree invest $75m in India's Nspira
Morgan Stanley Private Equity Asia (MSPEA) and Banyantree Growth Capital have invested $75 million in Nspira Management Services, an Indian education services provider.
Malaysia PE: Shaken, not stirred
Malaysian investors are unfazed by a period of political tumult that has directly embroiled the country’s government-guided private equity industry. An erratic growth trajectory now appears set to stabilize
Goldman leads $127m round for Chinese fitness app
Goldman Sachs has led a Series D funding round worth $127 million for Keep, a Chinese mobile app that provides fitness training programs.
L Catterton, JD to invest $175m in China’s Secoo
L Catterton Asia and Chinese online retailer JD.com have agreed to invest $175 million in Secoo, a Chinese e-commerce platform for luxury goods that is listed in the US.
TPG leads $60m Series C for China's Moretickets
TPG Capital has led a $60 million Series C funding round for Moretickets, a Chinese events ticketing platform operator.
The Growth Fund buys 50% stake in Australia pilot school
The Growth Fund, an Australian middle market private equity investor spun out from Archer Capital, has paid an undisclosed sum for a 50% stake in domestic pilot training school Soar Aviation.
Temasek, RRJ to take 49% stake in HNA-owned Gategroup
Temasek Holdings and RRJ Capital have invested an unspecified amount for a significant minority stake in Gategroup, an airline catering provider owned by troubled Chinese conglomerate HNA Group.
Boyu leads $125m round for Singapore's Trax
Boyu Capital has led a $125 million funding round for Trax, a Singapore-headquartered company that has developed computer vision and analytics solutions through which retailers can link sales to in-store and on-shelf positioning.
General Atlantic invests $130m in Indian hospital operator
General Atlantic has committed $130 million to Krishna Institute of Medical Sciences (KIMS), a South India-based hospital chain that has been approved for an IPO. The company is also backed by ICICI Venture.
Deal focus: Swiggy reinforces for Indian food fight
Swiggy raises $210 million to consolidate its leading position in India's competitive online food ordering market
SoftBank Vision Fund leads $200m round for India's PolicyBazaar
SoftBank Vision Fund, the global technology investment vehicle managed by Japan’s SoftBank Group, has led a $200 million Series F round for Indian online financial services portal PolicyBazaar.