Temasek Holdings
China's Bits x Bites closes second food tech fund at $100m
Bits x Bites, a Chinese VC firm focused on agriculture and food technology such as alternative protein, has closed its second fund at $100 million, beating a target of $70 million.
GoTo gets $1.3b in first tranche of pre-IPO funding
Indonesia-based ride-hailing service turned super app GoTo has raised more than $1.3 billion in a first tranche of pre-IPO funding, which will be used to develop its digital ecosystem.
China’s Red raises $500m at $20b valuation
Chinese social e-commerce app Xiaohongshu, also known as Red, has raised a $500 million round led by Temasek Holdings and Tencent Holdings at a valuation of $20 billion, up from $3 billion in 2018.
China's Momenta adds $500m to Series C round
Strategic and financial investors have put another $500 million into Chinese autonomous driving technology developer Momenta, endorsing the company's two-legged approach to commercialization
Temasek platform to help Singapore businesses go global
Temasek Holdings is backing Singapore’s efforts to attract and develop high-growth businesses with the formation of an investment platform that will support local companies with regional and global expansion ambitions.
Sofina, Lightrock lead $115m round for India's DeHaat
Sofina and Lightrock India have led a $115 million Series D round for Indian agricultural technology provider DeHaat. It is described as the country's largest-ever agtech round.
Hong Kong's FTX raises $420m, hits $25b valuation
Hong Kong cryptocurrency exchange operator FTX has raised $420 million at a valuation of $25 billion from a group of 69 investors.
Deal focus: Whale takes a bite of big data
China-focused digital marketing start-up Whale has secured $50 million in Series B funding to hone a product offering that helps companies optimize customer engagement by analyzing traffic flows
China digital marketing platform gets $50m Series B
Whale, a China-focused digital marketing platform, has raised a Series B round of $50 million led by Temasek Holdings. Existing investors Nio Capital, Linear Capital, and Alpha Startups Fund re-upped.
India digital banking player Open raises $100m
Temasek Holdings has led a $100 million Series C round for Indian online banking company Open Financial Technologies with support from Google.
Temasek leads $550m round for US cybersecurity player Orca
Singapore’s Temasek Holdings has led a $550 million Series C round for US cybersecurity provider Orca Security that will support an Asia expansion.
Deal focus: Vedantu highlights impact potential in Indian edtech
The latest round for livestreaming teaching app Vedantu reframes India’s swaggering, unicorn-populated edtech sector as the impact opportunity it always was
India edtech player Vedantu raises $100m Series E
ABC World Asia, an impact investor with ties to Singapore's Temasek Holdings, has led a $100 million Series E round for Indian education technology company Vedantu at a valuation of $1 billion.
ESG best practice: From global to granular
The value creation-driven PE playbook on ESG in Asia converts marginal gains into big picture policy wins – provided investors focus on the right areas and the flow of information isn’t stymied
Singapore plans pre-IPO fund to attract listings
Singapore’s EDB Investments (EDBI) will establish a pre-IPO fund – with an initial commitment of S$500 million ($370 million) – that is intended to encourage high-growth companies to list in the city-state.
Taiwan's Gogoro set for $2.3b SPAC merger
A special purpose acquisition company (SPAC) backed by Homer Sun, former CIO of Morgan Stanley Private Equity Asia (MSPEA), has agreed a $2.35 billion merger with Taiwan-based electric scooter manufacturer Gogoro.
Naspers-owned PayU to buy India's BillDesk for $4.7b
PayU, a payments provider owned by South African conglomerate Naspers, has agreed to acquire 100% of Indian payments app BillDesk for $4.7 billion, setting up several private equity exits.
China vaccine developer Abogen raises $700m
Suzhou Abogen Biosciences, a Chinese vaccine developer targeting COVID-19, has raised $700 million in Series C funding featuring Temasek Holdings, Loyal Valley Capital, and Lilly Asia Ventures.
Guotai leads $66m Series B extension for China's Innovusion
Innovusion, a Chinese developer of LiDAR technology used in autonomous driving, has raised $66 million in an extended Series B round led by the private equity investment arm of Guotai Junan International.
Deal focus: ShareChat makes hay in TikTok’s absence
The Indian social networking platform has seen its valuation grow more than fourfold in the past year, helped in no small part by the rise of short video offering Moj as an alternative to TikTok
India education platform Unacademy raises $440m
India-based education platform Unacademy has closed a $440 million funding round – at a valuation of $3.44 billion – led by Temasek Holdings.
India's ShareChat raises additional $145m
Temasek Holdings, Moore Strategic Ventures, and Mirae Asset Global Investments have led a $145 million Series F round for Indian social media platform ShareChat at a valuation of $3 billion.
Riverwood leads $200m Series D for SE Asia payments player Nium
Riverwood Capital has led a $200 million Series D round for Singapore-based cross-border payments technology provider Nium at an approximately $1 billion valuation.
Hong Kong sees rush of VC-backed biotech IPO filings
Five VC-backed pre-revenue Chinese biotech companies have filed to list in Hong Kong over the past two weeks, doubling the size of the IPO pipeline in this category.