Black Sesame Technologies, a China-based chipmaker specializing in autonomous driving applications, has raised several hundred million dollars through two funding rounds at a valuation of $2 billion.
Nreal, a Chinese manufacturer of advanced artificial reality (AR) glasses that resemble normal sunglasses, has raised a Series C of $100 million led by Nio Capital, Yunfeng Capital, and Hongtai Capital.
Pacific Century Group’s insurance technology business, Bolttech, has extended a recent $180 million Series A round to $210 million in total.
Australian private equity firm Liverpool Partners has acquired a majority stake in Seven Miles Coffee Roasters, a branded coffee supplier to the local cafe segment.
Patrick Boocock, a managing partner at Brookfield Asset Management who led the firm’s investment and asset management activities in Asia, has moved to newly listed CapitaLand Investments (CLI).
Advance Intelligence Group, a Singapore start-up best known for digital identity verification and fraud prevention platform Advance.AI and buy now, pay later (BNPL) business Atome, has raised over $400 million in Series D funding.
Platinum Equity has agreed to sell PCI, a Singapore-headquartered electronics manufacturing services provider it acquired in 2019, to US-listed Celestica for $306 million in cash.
True North has agreed to sell India-based RDC Concrete, a company it has owned since 2005, to private equity-backed online construction marketplace Infra.market.
Freshworks, one of India's leading software-as-a-service (SaaS) businesses, traded strongly on its NASDAQ debut following a $1 billion IPO.
China-focused private equity firm FountainVest Partners has agreed to buy Ziwi, New Zealand’s leading exporter of pet food.
Hai Robotics, a China-based manufacturer of robots used in warehouses, has raised approximately $200 million across two funding rounds.
Hong Kong-based Airwallex has raised a $200 million Series E round led by Lone Pine Capital at a valuation of $4 billion. A $300 million Series D in March valued the company at $2.6 billion.
DeltaHealth, a China-based cardiovascular care chain established by Eight Roads, has raised $100 million in funding led by Hong Kong-listed conglomerate Swire Pacific.
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.
MBK Partners has signed up Partners Group as the anchor investor in an approximately $500 million single-asset continuation fund for its majority stake in Korean fried chicken franchisor BHC.
8F Asset Management, a Singapore-based GP dedicated to developing a sustainable salmon business, has hit a first close of $61 million on its second fund, which will build out Southeast Asian operations.
Indian used car platform Cars24 has closed a $450 million Series F round and received $110 million in debt funding. It nearly doubles the company’s valuation to $1.84 billion.
AVCJ's daily bulletin will not be published on September 22 due to a public holiday in Hong Kong marking the Mid-Autumn Festival.
South Korean institutional investors are keen to deploy capital in alternatives, their sentiment towards the asset class boosted by a relatively robust recovery from the pandemic and the stabilization of returns, the AVCJ Korea Forum heard.
XTransfer, a China-based cross-border payment services provider, has raised $138 million in Series D funding led by US-based D1 Capital Partners. Existing investors also took part in the round.
Hong Kong Exchanges & Clearing (HKEx) has proposed rules for IPOs by special purpose acquisition companies (SPACs), admitting they are more stringent than the US system, but noting the need for more safeguards in a relatively retail investor-heavy market.
Invesco has announced a $100 million commitment to Indian financial technology provider Pine Labs. It comes two months after the company closed a $600 million pre-IPO round.
India-based online jobs platform Apna has closed a $100 million funding Series C round at a valuation of $1.1 billion, achieving unicorn status just 21 months after launching its flagship product.
The International Finance Corporation (IFC) has proposed a commitment of up to $25 million in the sophomore fund of India’s A91 Partners, which has a target of $500-550 million.