Singapore
Deal focus: EQT thinks quality before M&A activity
EQT Partners wants corporate services provider InCorp Group to achieve greater operational efficiency as well as go on the acquisition trail in Asia
Singapore's GIC appoints CIO for private equity
Singapore’s GIC Private has named Yong-Cheen Choo as chief investment officer for private equity, one of five new roles created to enhance the sovereign wealth fund’s investment capabilities.
EQT invests in Singapore's In.Corp Group
EQT Partners has invested in Singapore-based corporate services provider In.Corp Group with a view to consolidating the company’s local presence and driving regional expansion.
Walden leads $2.6m round for Singapore's TabSquare
Walden International has led a S$3.5 million ($2.6 million) Series A round for TabSquare, a company offering a cloud-based restaurant management platform.
Alibaba buys majority stake in Rocket Internet's Lazada for $1b
Chinese e-commerce giant Alibaba Group has paid about $1 billion for a majority stake in Lazada, a Southeast Asia-based e-commerce platform founded by Germany's Rocket Internet, in a transaction that values the company at $1.5 billion.
Singapore’s 90 Seconds gets Series A from Sequoia
Sequoia Capital’s India unit has led a $7.5 million Series A round for 90 Seconds, a cloud video production platform founded in New Zealand and headquartered in Singapore.
Shaw Kwei merges precision parts makers Beyonics and Chosen
Shaw Kwei & Partners has merged two Singapore-headquartered portfolio companies – Beyonics and Chosen – to form a leading Asian-based precision parts manufacturing group.
Monk's Hill closes Southeast Asia VC fund
Singapore-based Monk's Hill Ventures has closed its first Southeast Asia-focused fund above its target of $80 million, according to Managing Director Peng T. Ong.
Khazanah leads $170m Series D for Singapore's Garena - update
Khazanah Nasional, an investment fund controlled by the Malaysian government, has led a $170 million Series D round for Singapore-headquartered mobile internet and gaming platform Garena at a post-deal valuation that AVCJ understands to be more than $3.75...
Dymon Asia submits offer for Singapore catering business
Dymon Asia Private Equity is leading a consortium to take a controlling stake in catering company Select Group for SGD40 million ($29.3 million).
65Daigou gets VC backing, rebrands as Ezbuy
China’s Vision Knight Capital has led a $20 million Series B round for Singapore-based online shopping platform 65daigou, which recently rebranded as Ezbuy.
Deal focus: InstaRem leverages convenience in money transfers
By offering lower fees and faster turnarounds than Western Union and PayPal, InstaRem hopes to steal a march on its rivals and build a truly Asia-focused money transfer platform
Vertex leads $5m investment in Singapore's InstaRem
Singapore-based fintech start-up InstaRem has raised a $5 million Series A round led by Vertex Ventures, the VC arm of Temasek Holdings.
Malaysia's VC-backed PurelyB buys Singapore yoga portal
Malaysian health and wellness company PurelyB has acquired Singaporean yoga lifestyle website Stretch City.
AID Partners to sell stake in HMV to Japan's World Innovation Lab
AID Partners is set for a partial exit from HMV’s Asia business after agreeing to sell an 18.37% stake in the music and movie retailer to Japan-based World Innovation Lab for $9 million.
Riverside-backed MNX in Singapore bolt-on acquisition
The Riverside Company has completed the bolt-on acquisition of Singapore-based Aero Express Logistics (AEL) to its global transportation and logistics platform MNX Global Logistics.
Lightstone Ventures raises $50m Singapore fund
Lightstone Ventures has closed a $50 million fund aimed at investments in Singapore-based companies in the life-science sector.
Singapore's Eyeota raises $7m Series A round
Global Brain, Infinity e.Ventures and Project A Ventures have committed $7 million in Series A funding to Singapore-based adtech company Eyeota.
Singapore's Aslan Pharma closes $43m Series C round
Singapore-based biotech developer Aslan Pharmaceuticals has closed its Series C round of funding at $43 million with additional capital from new investor MVP Capital Partners.
Baring Asia to buy Interplex from CVC, Standard Chartered
Baring Private Equity Asia is set to buy Singapore-listed precision engineering business Interplex Holdings after CVC Capital Partners and Standard Chartered Private Equity agreed to tender their combined 57.7% interest in the company.
Venturra invests in Singapore's BitX
Venturra Capital, the recently launched Southeast Asia VC firm sponsored by Lippo Group, has invested an undisclosed amount in Singapore-based bitcoin start-up BitX.
Singapore biotech firm Aslan Pharma raises $34m
Singapore-based biotech developer Aslan Pharmaceuticals has raised $34 million in a Series C round led by Accuron Technologies, a subsidiary of government-sponsored investment firm Temasek Holdings.
Didi Kuaidi, Ola, Lyft, GrabTaxi form global partnership
Ride-hailing apps including India's Ola, China's Didi Kuaidi, Southeast Asia's GrabTaxi and US-based Lyft have announced a strategic global partnership.
Singapore beauty app Vanitee secures $3.5m
Singapore-based beauty services booking app Vanitee has closed its first round of funding at S$5 million ($3.6 million).