News
Advantage buys Vietnam's Elise Fashion
Advantage Partners has made its first acquisition in Vietnam, buying women’s fashion brand Elise Fashion for an undisclosed amount.
GIC leads $125m round for China cancer diagnostics business
GIC Private has led a RMB850 million ($125.5 million) Series C round for Burning Rock, a Chinese cancer diagnostics start-up that is already working with hospitals on products based on DNA sequencing analysis.
Thailand's Beacon leads $6.5m round for local fintech player
Beacon Venture Capital, the VC unit of Thailand’s Kasikornbank, has led a $6.5 million investment in Jitta, a local financial technology provider and stock analysis platform operator.
Didi invests $100m in India's Oyo to close Series E round
Chinese ride-hailing app operator Didi Chuxing has invested $100 million in India-based online hospitality platform Oyo to close its $1 billion Series E round announced last year.
Legend leads $29m round for Chinese biotech player
Sciwind Biosciences, a Chinese drug developer focused on treating metabolic disorders, has raised RMB200 million ($29 million) in Series A funding led by Legend Capital, with participation from existing investors Shiyu Capital and Beijing-based biotech...
New Zealand’s Direct Capital invests retirement village operator
New Zealand’s Direct Capital has acquired a minority stake in local retirement village operator Qestral Corporation for an undisclosed sum.
Temasek invests $38m in India eye hospital chain
Singapore’s Temasek Holdings has invested INR 2.7 billion ($38.1 million) in India's Dr. Agarwal’s Healthcare to support the expansion of its publicly listed eyecare chain Dr. Agarwal’s Eye Hospital.
Australia's EVP closes second VC fund at $25m
Australia’s Equity Venture Partners (EVP) has closed its second VC fund at A$35 million ($25 million). It will make early-stage investments in local B2B software companies.
CDC makes debut Nepal investment
UK government-backed development finance institution (DFI) CDC Group has made its first direct investment in Nepal via a $15 million commitment to NMB Bank.
Intudo closes second Indonesia fund at $50m
Intudo Ventures has closed its second fund focused exclusively on Indonesian early-stage companies at $50 million. The firm raised $20 million for its debut vehicle last year.
EQT buys stake in Chinese payment services provider VBill
EQT has agreed to acquire a minority stake in VBill, a third-party payment services provider in China that focuses on small and medium-sized enterprises (SME) for RMB378 million ($55.8 million).
Chinese self-driving truck player TuSimple raises $95m Series D
TuSimple, a China and US-based developer of autonomous driving technology for trucks, has closed its Series D round at $95 million, achieving a pre-money valuation of $1 billion.
StepStone adds partner in Beijing
StepStone Group, a provider of private markets advisory and asset management services to institutional investors, has promoted Beijing-based Vincent Hsu to partner.
I Squared platform acquires India toll road assets
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has agreed to acquire two toll road assets owned by Indian infrastructure developer KNR Constructions for INR1.9 billion ($26.7 million).
Indonesia’s BeliMobilGue raises $10m Series A
Indonesia’s BeliMobilGue, a used car trading platform backed by a number of VCs, has raised $10 million in a Series A round led by parent company Frontier Car Group with participation from Toyota Tunas Indonesia.
Australia's Future Fund credits performance to private markets exposure
Australia’s Future Fund expanded its PE exposure by more than one third over the course of 2018, with the sovereign wealth fund citing carefully cultivated private markets exposure as one of the reasons it has comfortably outperformed superannuation...
Warburg Pincus backs $200m investment in Indonesia's NWP
Warburg Pincus has backed a $200 million funding round for Indonesian shopping mall developer NWP Retail.
Sequoia leads $226m Series D for Singapore’s Zilingo
Sequoia Capital India has led a $226 million Series D round for Singapore-based Zilingo, a fashion e-commerce platform and provider of ancillary services.
Allianz invests $200m in Edelweiss India private debt platform
Allianz Investment Management, a unit of insurance giant Allianz Group, has invested over $200 million in a private debt platform managed by Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group.
Vision Knight backs Chinese personal care products maker
Vision Knight Capital has led a RMB200 million ($29 million) Series C round for Soocas, a Shenzhen-based manufacturer of personal care products such as electric toothbrushes and hairdryers.
C-Bridge helps Korea's Samsung Bioepis with China expansion
C-Bridge Capital has announced a licensing agreement with Samsung Bioepis that is intended to help the Korean biopharmaceutical specialist expand into the China market.
KKR makes second Asia impact investment
KKR has made the second investment from its global impact fund in Asia, participating in the previously-announced acquisition of Indian environmental services provider Ramky Enviro Engineers (REEL).
Huagai leads $146m round for China’s HaiHe Biopharma
Shanghai-based cancer drug developer HaiHe Biopharma has raised $146.6 million in a funding round led by Chinese private equity firm Huagai Capital.
TPG closes seventh Asia fund at $4.6b
TPG Capital has closed its seventh pan-Asian fund at $4.6 billion after approximately two years in the market. The vehicle is already 40% committed across 12 companies.
