News
ADV, Premji acquire India manufacturer
ADV Partners and Premji Invest have acquired a significant majority stake in Indian plastic molding company Micro Plastics Private (MPPL) for an undisclosed sum.
China agricultural drone company raises $30m
Chinese agricultural drone maker EAVision has raised $30 million in Series C funding led by Temasek Holdings, CITIC Agricultural Industry Fund, and Bits x Bites.
China bike-sharing player Hellobike pursues US IPO
Hello Inc, best known as the operator of China bike-sharing service Hellobike and backed by the likes of Alibaba's Ant Group and GGV Capital, has filed for an IPO in the US.
OCIO Partners Capital recruits Asia co-head
Global outsourced investment office (OCIO) Partners Capital has appointed Emmanuel Pitsilis, formerly a senior partner at McKinsey & Company, as managing director and co-head of Asia Pacific.
Australia's Main Sequence closes Fund II at $194m
Main Sequence Ventures, a specialist deep tech investor established by Australia’s national science agency, CSIRO, has closed its second fund with A$250 million ($194 million) in commitments.
Chinese COVID-19 vaccine developer Clover files for IPO
Clover Biopharmaceuticals, a Chinese pre-revenue drug developer that has raised $315 million across several funding rounds since 2011, has filed for a Hong Kong IPO.
Blackstone to cement control of India's Mphasis
The Blackstone Group is set to lift its controlling position in India-listed IT services provider Mphasis to 75% as part of a deal worth up to $2.8 billion.
Sequoia joins $25m Series D for Singapore's StashAway
Sequoia Capital India has joined a S$33.3 million ($25 million) Series D round for Singapore-based wealth management platform StashAway.
Hong Kong e-commerce tracking start-up secures $66m
AfterShip, a Hong Kong-based e-commerce tracking service provider, has raised a $66 million Series B led by Tiger Global Management. GL Ventures also took part.
Blackstone in $3.1b first close on second Asia PE fund
The Blackstone Group has reached a first close of $3.1 billion on its second dedicated Asia private equity fund, which is already larger than Fund I.
New Zealand dairy farm management start-up raises $23m
Blackbird Ventures has led a NZ$32 million ($23.4 million) Series B round for Halter, a New Zealand-based start-up that has developed smart cow collars and an accompanying app to aid dairy farm management.
Rising Japan exits staffing services business
Rising Japan Equity, a domestic private equity firm, has agreed to sell Progress, a staffing and contracting services provider, to listed staffing solutions business UT Group for JPY3.09 billion ($28.6 million).
Tiger Global invests $25m in India crypto app
Tiger Global Management has invested $25 million in CoinSwitch Kuber, a cryptocurrency exchange for the Indian retail market that facilitates investments as small as INR100 ($1.33).
China data analytics start-up Kyligence raises $70m
Kyligence, a China-based data analytics business, has closed a $70 million Series D round led by SPDB International.
Allegro to acquire Australia express delivery business
Australia-based turnaround investor Allegro Funds has agreed to buy Toll Global Express (TGS), the express delivery division of domestic logistics giant Toll Group.
Loyal Valley leads Series B extension for China's Edigene
Loyal Valley Capital has led a RMB400 million ($62 million) Series B extension for EdiGene, a China-based biotech company that uses genome editing technologies to accelerate drug discovery.
Pavilion joins $177m round for Singapore's Cityneon
Pavilion Capital has joined a S$235 million ($177 million) round for Singapore’s Cityneon, a company that markets entertainment brands by staging elaborate events, displays, and exhibitions.
Novo Tellus backs India semiconductor player
Novo Tellus Capital Partners has invested $40 million in India-based semiconductor engineering services provider Tessolve at a valuation of $100 million.
Chinese funds back local AI-RPA player Laiye
Laiye Technology, a Chinese artificial intelligence (AI) start-up that specializes in robotic process automation (RPA) has raised $50 million in an extended Series C round led by Ping An Global Voyager Fund and Shanghai Artificial Intelligence Industry...
Novo Holdings joins $80m Series C for Indonesia's Halodoc
Novo Holdings, which manages the wealth of Denmark’s Novo Nordisk Foundation, has made its first investment in an Asian healthcare company by participating in an $80 million Series C round for Indonesia healthcare technology provider Halodoc.
Insight invests $172m in Australia's Octopus Deploy
Insight Partners has invested $172.5 million for a minority stake in Octopus Deploy, an Australian IT services company focused on automating software-related operations.
China's NextData raises $135m Series D
NextData, a China-based cybersecurity services provider, has secured $135 million in Series D funding led by CPE, Matrix China Partners, Hopu Investment, Tencent Holdings, and Xiang He Capital.
PE investors complete $4.6b China Biologic take-private
An investor group including Centurium Capital, CITIC Capital and Hillhouse Capital has completed its protracted pursuit of China Biologic Products Holdings with a $4.6 billion privatization.
India's Chargebee closes Series G, hits $1.4b valuation
Sapphire Ventures, Tiger Global Management, and Insight Venture Partners have led a $125 million Series G round for Chargebee, an India-founded and US-headquartered enterprise services business.