News >> Deals
Convergent Finance buys stake in Hindustan Foods
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has led a INR1.5 billion ($21.6 million) investment in contract consumer goods manufacturer Hindustan Foods.
Chinese community group purchasing business receives $31m
Songshupinpin, a Chinese group purchasing platform that connects consumers in different residential districts with suppliers of daily necessities, has raised $31 million in the first tranche of a series B round led by Hillhouse Capital Group and MSA Capital.
China's Horizon Robotics hits $3b valuation with Series B
Horizon Robotics, a Chinese developer of microprocessors that support machine learning and artificial intelligence (AI) technologies, has raised $600 million in Series B funding at a valuation of $3 billion.
Google joins $7m round for Vietnam's Elsa
Gradient Ventures, a VC arm of Google focused on artificial intelligence (AI), has led a $7 million Series A round for Vietnam-based English language education technology provider Elsa.
India's True North acquires Max Bupa for $72m
True North has acquired a 51% stake in Max Bupa Health Insurance, a joint venture between multinational insurance giant Bupa Group and Indian conglomerate Max India, for INR5.1 billion ($72 million).
Chinese chip maker secures $22m Series B
National Chip, a Chinese manufacturer of chips for digital TVs, has raised a RMB150 million ($22 million) Series B round led by China’s State Development & Investment Corporation, with participation from Sinovation Ventures.
Australia's Brambles offloads crates business to ADIA, Triton
Australian container supplier Brambles has agreed to sell its global reusable plastic crates (RPC) business to Europe-based GP Trion and Abu Dhabi Investment Authority (ADIA) for $2.5 billion.
Singapore's 90 Seconds raises $20m Series B round
Singapore video platform operator 90 Seconds has raised a $20 million Series B from a group including Susquehanna International Group (SIG), Australia’s AirTree Ventures, and Sequoia Capital India.
Canada's OMERS makes first India infrastructure investment
Ontario Municipal Employees Retirement System (OMERS) has made its first investment in India’s infrastructure sector, buying a 22% stake in infrastructure investment trust IndInfravit Trust for INR8.7 billion ($122 million).
VC-backed Chinese online brokerage files for US listing
Chinese online brokerage Tiger Brokers, which is backed by smart phone maker Xiaomi and a number of venture capital firms, has filed for an IPO in the US.
Asia GP-led secondaries hit record high in 2018
An increase in GP-led transactions propelled Asia secondary market volume to $7.8 billion last year, and more of the same is expected in 2019 – once managers have adjusted their mark-to-market valuations following fourth-quarter volatility in the public...
Tiger leads $50m round for China shared kitchen provider
Tiger Global has led a $50 million Series C round for Panda Selected, a Chinese provider of shared kitchen services for food delivery start-ups.
Chinese pet supplies company raises $20m
Petkit, a Chinese manufacturer of smart devices for pets such as water and food dispensers, has raised $20 million in a Series C round of funding led by Qiming Venture Partners.
Direct Capital backs New Zealand engineering firm
New Zealand’s Direct Capital has made an investment of undisclosed size in local engineering consultancy Beca.
Ardian buys Australia's Study Group from Providence
Study Group, an Australia-headquartered group that prepares international students for university degree programs, will have its third consecutive private equity owner after Ardian agreed to buy the business from Providence Equity Partners.
Chinese gym operator SuperMonkey raises $53.5m
Chinese gym operator SuperMonkey has raised RMB360 million ($53.5 million) in a Series D round led by Starquest Capital and Yao Capital, a sport-focused PE firm co-founded by former NBA star Yao Ming.
TPG-backed Pathology Asia invests Australia's Safe Work
TPG Capital Asia’s Pathology Asia platform has continued a regional roll-up strategy with an investment of undisclosed size in a minority stake in Australian drug testing specialist Safe Work Laboratories.
MBK to buy Asia retail assets from chocolate maker Godiva
MBK Partners has agreed to buy Belgian chocolate maker Godiva’s distribution operations in Japan, South Korea, Australia and New Zealand in a deal reportedly worth more than $1 billion.
Flipkart co-founder invests $91m in India’s Ola
Sachin Bansal, a co-founder of Indian e-commerce giant Flipkart, has invested INR6.5 billion ($91 million) in ride-hailing platform Ola.
Hong Kong’s Lalamove secures $300m Series D
Hong Kong-based delivery start-up Lalamove - known as Huolala in mainland China - has raised $300 million across two tranches in a Series D round led by Hillhouse Capital and Sequoia Capital China.
Coatue leads investment in logistics platform YunQuNa
China-based YunQuNa, which provides digital logistics services for shipping companies, has raised the second tranche of a Series B round led by Coatue Management.
TPG-SoftBank fund backs Chinese restaurant services platform
Shiheng Technology, a Chinese company that helps restaurants manage their online food delivery businesses, has completed the second tranche of a Series B round led by a TPG Capital and SoftBank Ventures Korea fund.
Singapore AI start-up raises $20m
ViSenze, a Singaporean artificial intelligence (AI) provider focused on e-commerce has received a $20 million Series C round led by China’s Gobi Ventures and the VC arm of Portuguese retail and technology group Sonae.
Alliance backs China EV player PowerShare
Alliance Ventures, a VC firm created by Renault, Nissan Motor and Mitsubishi Motors, has confirmed an investment of undisclosed size in Chinese electric vehicle (EV) technology supplier PowerShare.