TMT
Goldman, Accel lead Series D for India’s BlackBuck
Indian online long-distance trucking marketplace BlackBuck has raised a $150 million Series D round led by Goldman Sachs and existing investor Accel Partners.
PE-backed Chinese cosmetic surgery platform surges on US debut
So-Young International, a Chinese online marketplace specializing in cosmetic surgery, surged over 33% on its trading debut following a $166.8 million IPO on NASDAQ.
Singapore's Pegasus 7 acquires Axiata Digital Ventures portfolio
Pegasus 7 Ventures, an investment fund managed by Singapore’s Gordian Capital, has agreed to acquire the venture portfolio of Axiata Digital, the digital services arm of Malaysia’s Axiata Group, at a valuation of $140 million.
China AI: Deep questions
Concerns around valuations, commercialization timelines, deal targeting, and brand perceptions are coming into focus as China’s AI ecosystem catapults to global prominence
FMO leads $86m round for India's InCred
Indian online lending platform and non-banking finance company (NBFC) InCred Financial Services has raised a INR6 billion ($85.9 million) Series A round led by Dutch development finance institution FMO.
Chinese online drug store Yao123 raises $45m Series B
Healthcare-focused GTJA Investment Group has led a RMB300 million ($45 million) Series B round for Chinese online pharmacy operator Yao123.
Australian online tutoring start-up gets $14m Series A
Cluey Learning, an Australian start-up that provides personalized online tuition services for elementary through high school students, has raised A$20 million ($14 million) in Series A funding from Allectus Capital and Thorney Investment Group.
Jungle reaches $175m first close on SE Asia VC fund
Singapore-based VC investor Jungle Ventures has reached a first close of $175 million on its third Southeast Asia-focused fund. The vehicle has an overall target of $220 million.
Naspers exits India's MakeMyTrip to Ctrip
South African internet conglomerate Naspers Group has agreed to exit its holding in MakeMyTrip, a US-listed Indian online travel agency, to Chinese travel services firm Ctrip.
GSR United leads $40m round for China's Chezhubang
GSR United Capital and Zero2IPO Investment have led a Series B round of RMB275 million ($40 million) for China-based Chezhubang, operator of an app that helps drivers locate gas stations and electric vehicle charging points and also pay for fuel.
Primavera backs Chinese maths-focused education platform
Primavera Capital Group has led a RMB300 million ($45 million) Series D round for online mathematics education platform Yangcong 345, with participation from Beijing Kunlun Technology and existing backer Legend Capital.
Indonesia: All about the tech
The center of gravity within Indonesia's private markets appears to have shifted from PE to VC. Is it a structural or a cyclical phenomenon?
Tiger Global invests $89m in India's Ninjacart
Tiger Global Management has invested INR6.25 billion ($89.1 million) for a 26% stake in Indian agriculture industry sales platform Ninjacart.
Kejora joins $50m Series A for Indonesia’s Sicepat
Indonesian logistics start-up Sicepat Ekspres has raised $50 million in Series A funding from Kejora Ventures and Barito Teknologi, the technology investment arm of Indonesian energy conglomerate Barito Pacific.
Tencent-backed O2O healthcare platform raises $250m
Trusted Doctors, a China-based online-to-offline (O2O) healthcare provider has raised a $250 million round led by Tencent Holdings, Gaw Capital Partners, and the VC arm of local property developer Country Garden.
Sequoia backs $35.5m round for India gaming player
Mobile Premier League (MPL), an Indian e-sports gaming platform operator, has raised a $35.5 million Series A round from a group of investors including Sequoia Capital India.
Grab vs Go-Jek: Hitting the gas
As Grab and Go-Jek accumulate war chests to finance their battle for leadership in Indonesia’s online services space, the greatest benefit could go to the next generation of local technology entrepreneurs
Tencent leads Series C in app for Chinese senior citizens
Tencent Holdings has led a Series C round for China-based Tangdou, a social media platform targeting senior citizens. Other participants include GGV Capital, Shunwei Capital and IDG Capital.
Chinese car trading platform Yiauto raises $22m
China-based Yiauto, a car trading service provider that targets customers living in lower-tier cities, has raised RMB150 million ($22 million) across two tranches of a Series A round.
VC-backed game live-streaming platform files for US IPO
Douyu International Holdings, a Chinese live-streaming platform that provides coverage of online gaming, has announced plans for a US listing. The company’s investors include Sequoia Capital China and Tencent Holdings.
Indonesia’s HappyFresh gets $20m Series C
Indonesia-based online grocery delivery platform HappyFresh has raised a $20 million Series C round led by Mirae Asset Capital and South Korean internet conglomerate Naver.
PE-backed Luckin Coffee files for US IPO
Luckin Coffee, China’s second largest coffee shop chain, which counts Centurium Capital and Joy Capital among its private equity investors, has filed to list in the US.
Warburg Pincus leads Series D for China's Gaosi Education
Gaosi Education, which provides tutoring services to schools and other educational institutions in China, has raised $140 million in Series D funding led by Warburg Pincus.
Gaw Capital backs Chinese restaurant services platform
China-based Candao, which helps restaurants manage their online food delivery businesses, has raised RMB100 million ($14.9 million) in a Series A round led by Hong Kong-based Gaw Capital Partners and Beyond Ventures.