Growth capital
CICC leads $96m round for Chinese sports site Hupu
Hupu Sports Media, a Chinese language sports information and e-commerce site, has raised a RMB618 million ($96 million) round led by a government-backed fund managed by China International Capital Corporation (CICC).
Chinese fruit store chain raises $230m Series B
Pagoda, a Chinese fruit store chain operator, has completed a RMB1.5 billion ($230 million) Series B round of funding.
MSPEA backs Indian medical devices, health foods businesses
Morgan Stanley Private Equity Asia (MSPEA) has completed two investments in India, committing INR1.6 billion ($25.1 million) to medical devices business Sahajanand Medical Technologies (SMT) and INR1.52 billion to health foods producer Southern Health...
China co-working space start-up gets $92m
Kr Space, a China-based co-working space operator, has received RMB600 million ($92 million) in a pre-Series B round of funding from its existing investors.
Deal focus: VCs fuel Canva's growth designs
Australia's Canva achieves a $1 billion valuation following a $40 million round led by Sequoia Capital China
Hyundai joins round for Southeast Asia's Grab
South Korean automaker Hyundai has joined the latest funding round for Southeast Asia-based ride-hailing platform Grab. The move comes five months after Toyota also backed the company.
Accel, Elevar in $24m round for Indian NBFC
Indian non-banking financial services company (NBFC) Samunnati has raised an INR1.5 billion ($23.5 million) funding round from investors including Accel Partners and Elevar Equity.
Tiger Global, TAL invest $100m in China's Dada ABC
Tiger Global Management and TAL Education have invested $100 million in a Series C round of funding for Dada ABC, an online K-12 English education platform based in China.
CDH backs Chinese healthcare AI business
CDH Investments has invested in Huiyi Huiying (HY), a Beijing-based start-up that offers artificial intelligence-based (AI) medical imaging diagnosis. Financial terms were not disclosed.
Japan's J-Star invests in restaurant, auto businesses
J-Star has acquired a majority stake in Japanese restaurant operator Section Eight and invested in new and pre-owned car dealer Sanwa Service.
GGV, Joy Capital lead $50m round for China's 91Xinshang
GGV Capital and Joy Capital have jointly led a $50 million Series C round of funding for 91Xinshang, a secondhand luxury goods trading platform in China.
Apax backs Chinese cosmetic surgery marketplace
A technology-focused fund managed by Apax Partners has led a $60 million Series D round of funding for SoYoung, a Chinese online marketplace specializing in cosmetic surgery.
Battery Ventures backs Australia SaaS player PageUp
US-based private equity firm Battery Ventures has invested in PageUp, an Australian developer of cloud-based enterprise talent management software.
OrbiMed re-ups in India's Vivimed Labs
OrbiMed has invested a further $7.5 million in the active pharmaceutical ingredient (API) unit of India-listed drug maker Vivimed Labs.
Yunfeng joins $817m investment in Suning finance unit
Yunfeng Capital is among 15 investors that have committed RMB5.34 billion ($817 million) for a 16.5% stake in Suning Finance, a financial services subsidiary of Chinese home appliance retailer Suning Commerce Group.
China's UrWork gets $45m Series C round
Chinese co-working space operator UrWork has raised RMB300 million ($45 million) in Series C funding led by Qianhai Wutong Mergers and Acquisitions Funds, a vehicle backed by Qianhai Equity Exchange.
AVCJ Awards 2017: Deal of the Year - Late Stage Technology: Ofo
Ofo and Mobike dominate China’s bike-sharing industry, having raised billions in funding. Investors in Ofo believe they are backing the more sustainable model
SoftBank, Mubadala in $4b round for China's Didi Chuxing
Chinese ride-hailing app operator Didi Chuxing, which has received substantial PE and VC backing, has raised $4 billion in a new round of funding from investors including SoftBank Group and Abu Dhabi sovereign wealth fund Mubadala.
ICG invests $200m in Korean injection molding company
Intermediate Capital Group (ICG) has invested $200 million for a substantial minority stake in Yudo China Holdings, a Korea-headquartered plastic injection molding specialist, as part of efforts to consolidate the business ahead of an IPO.
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.