News
Redmayne leaves CVC to join Searchlight
James Redmayne, a 14-year veteran of CVC Capital Partners who spent the last seven years in Asia, has joined the London-based team at Searchlight Capital Partners.
Sequoia joins $21m Series A for Philippines digital bank
Sequoia Capital India and US-based Point72 Ventures have led a $21 million Series A round for Tonik, a Singapore-based digital bank launching initial operations in the Philippines.
PE investors agree $8.7b take-private of China's 58.com
58.com, China’s leading online classifieds marketplace, has agreed to be acquired by a consortium of private equity investors at an implied equity valuation of $8.7 billion.
India's VC-backed Postman raises $150m Series C
Postman, a software development tool creator with operations in India and the US, has raised a $150 million Series C round led by Insight Partners.
BOC leads Series B-plus for Chinese AI player Shukun
Shukun, a Chinese start-up that develops artificial intelligence (AI) technology used in the diagnosis of cardiovascular diseases, has raised RMB200 million ($28 million) in an extended Series B round led by BOC International and CCB International.
Asian LPs believe GPs underplay climate change risk - survey
More than three-quarters of LPs in Asia Pacific do not believe GPs take climate change risks seriously enough in their investment policies and practices, according to Coller Capital’s latest private equity barometer survey.
India’s Happiest Minds Technologies files for IPO
Indian IT outsourcing company Happiest Minds Technologies, which is backed by J.P. Morgan Asset Management, has filed for an initial public offering.
L Catterton, TPG join PE backers of India's Jio Platforms
Equity commitments to Jio Platforms, the holding company for various internet and telecom assets owned by India's Reliance Industries, have now surpassed $13.5 billion following confirmation of investments by TPG Capital and L Catterton.
US-Singapore food tech fund to target Asia
Big Idea Ventures, a US and Singapore-based food technology investor, has launched its debut fund with a target of $50 million. Asia is a core market.
BGH buys health centers from Australia's Healius for $341m
BGH Capital has agreed to acquire the primary care business of Australia’s Healius – comprising medical centers, GP practices, and dental clinics – for an enterprise valuation of A$500 million ($341 million).
China's Burning Rock soars on debut after $222m US IPO
Burning Rock Biotech, a venture capital-backed, China-based provider of genetic testing services used in cancer diagnosis, rose 49% on its trading debut following a $222.8 million US IPO.
Korea commits $1.7b to start-up ecosystem
Korea has committed KRW2.1 trillion ($1.7 billion) to local start-ups in biotechnology and non-contact technologies as part of a KRW5.8 trillion private sector COVID-19 recovery agenda.
Chinese instant food brand Baijia raises $28m
Chinese instant food brand Baijia Food has raised RMB200 million ($28 million) in Series B funding led by GL Ventures, the venture capital arm of Hillhouse Capital.
Nexus leads Series A for Indian enterprise automation platform
Nexus Venture Partners has led an $18 million Series A round for Jiffy, an Indian software start-up that helps companies automate back-office processes.
Matrix China raises $750m for Fund VI
Matrix Partners China has raised $750 million for its sixth venture capital fund for deployment in early-stage opportunities across the internet and mobile internet, financial services, healthcare, and enterprises services spaces.
Microsoft VC unit launches India operation
Microsoft Corporation's venture arm M12 has established a presence in India by opening an office in the start-up hub of Bengaluru.
Apollo, ICICI Venture end India special situations partnership
Apollo Global Management and India’s ICICI Venture have agreed to terminate Aion Capital Partners, a joint venture that manages a special situations fund in the country.
CPE, Mirae lead $100m Series B for China's JW Therapeutics
JW Therapeutics, a China cancer treatment specialist established by Bristol Myers Squibb-owned Juno Therapeutics and China’s WuXi AppTec, has received $100 million in Series B funding.
Singapore venture debt provider wins US strategic support
Singapore-based venture debt provider Genesis Alternative Ventures has secured an investment of undisclosed size for its debut fund from US-based Capria Ventures.
China social e-commerce player Tongcheng Life gets $200m
Tongcheng Life, a social e-commerce business incubated by online travel agency Tongcheng-Elong, has raised a $200 million Series C round led by Joyy, previously known as YY, a US-listed video-based social media platform.
Gaorong backs China enterprise software player QuadTalent
Gaorong Capital has led a $20 million Series A round for Chinese enterprise software start-up QuadTalent at a post-money valuation of nearly $200 million.
Vietnam’s Propzy raises $25m Series A round
Gaw Capital and Softbank Ventures Asia have led a $25 million Series A funding round for Vietnamese real estate platform Propzy.
China chip design company Eswin raises $283m
Beijing-based chip design company Eswin Technology Group has raised a RMB2 billion ($283 million) Series B round led by IDG Capital and Legend Capital.
China auto parts supplier Mancando gets $57m Series B
Mancando, a Chinese automotive parts supplier, has raised a RMB400 million ($56.6 million) Series B round led by Huaxing Growth Capital. Xiang He Capital, Axiom Asia Private Capital and Oriza FoF also took part.