News
Eight Roads invests in Indian mobile marketing platform
MoEngage, an India and US-focused business that helps corporate clients improve mobile engagement with consumers, has received $25 million in Series C funding led by Eight Roads.
China B2B platform Yijiupi raises new round, buys Zskuaixiao
Yijiupi, a Chinese B2B e-commerce platform that initially focused on liquor products, has acquired local B2B consumer goods distributor Zskuaixiao. It has also secured a new round of funding backed by several Zskuaixiao investors.
Sequoia seeks up to $1.35b for India, Southeast Asia
Sequoia Capital is looking to raise between $1.28 billion and $1.35 billion for its latest set of funds – comprising separate venture and growth vehicles – for deployment in India and Southeast Asia.
Kedaara invests $28m in Indian health insurer
Indian private equity firm Kedaara Capital invested INR2 billion ($28 million) to acquire a minority stake in the healthcare insurance unit of Religare Enterprises.
Warburg Pincus backs Singapore's Circles.Life
Warburg Pincus has invested an undisclosed sum in Circles.Life, a Singapore-based digital-only telecom operator.
EQT opens Australia office
EQT Partners has opened an Australia and New Zealand-focused office in Sydney as part of a broader Asia Pacific expansion agenda.
1955 Capital wins case against Chinese anchor LP
Cross-border technology investor 1955 Capital has emerged victorious in a legal battle with its Chinese anchor LP after a US court upheld an earlier arbitration ruling that the LP had no grounds for withdrawing from the fund.
CDPQ, Piramal commit $300m to India private credit
Caisse de depot et placement du Quebec (CDPQ) and an asset management division of Piramal Enterprises have jointly committed $300 million to an Indian private credit platform.
General Atlantic re-ups in India’s Byju’s
General Atlantic has made another investment in India-based online learning provider Byju’s.
Chinese medical imaging business secures $86m Series B
Shanghai-based Universal Medical Imaging, China’s largest independent imaging diagnosis company has raised a RMB600 million ($86 million) Series B round led by Cathay Capital, V Star Capital and CEC Capital.
India’s Lightbox invests in agritech player
Indian agritech startup WayCool Foods raised $32 million in a Series C funding round led by Lightbox Ventures.
Japanese advisor matching network set for $54m IPO
VisasQ, a Japanese matchmaking platform that connects companies with relevant advisors, is looking to raise approximately JPY5.97 billion ($54 million) through a Tokyo IPO that will provide partial exits for several VC backers.
India ups disclosure requirements for local funds
India-domiciled PE and VC funds must follow a standardized format for fundraising documentation and submit performance data for verification and benchmarking purposes, under new rules issued by local regulators.
Schroders backs Singapore incubator Antler
Schroders has participated in a funding round for Singapore-headquartered incubator Antler that takes the company's total fundraising over the past six months to $75 million.
Australian online book retailer gets $13m
Booktopia, an Australian online retailer specializing in books, has closed a Series A round of A$20 million ($13.4 million), after 16 years of self-funding.
Northstar joins $20m round for Indonesia education start-up
Northstar Group and Beenext have joined a $20 million Series A round for Indonesia’s Zenius Education.
Polaris pursues take-private of Japan's Sogo Medical
Polaris Capital Group has made an offer to privatize Sogo Medical Holdings, a Japanese pharmacy chain operator and B2B healthcare management platform, at a valuation of JPY76.3 billion ($694 million).
IFU leads $23m Series B for Indian agrilogistics firm
Leap India Food Logistics (LIFL), an Indian agricultural warehousing and logistics firm, received INR1.64 billion ($23 million) in a Series B round led by the Investment Fund for Developing Countries (IFU), a Danish development finance institution.
Next Capital buys stake in Australian supply chain specialist
Australia’s Next Capital has acquired a stake in local supply chain services provider TM Insight as the company executes an Asian expansion.
Hahn & Co agrees $322m acquisition of SK Chemicals unit
Hahn & Company has agreed to buy the biofuels division of South Korea-based SK Chemicals for KRW382.5 billion ($322 million). It is the private equity firm’s fourth carve-out of an SK Group-owned business.
Capital Dynamics loses Asia primaries head
Kazushige Kobayashi (pictured), a Tokyo-based managing director at Capital Dynamics and head of primaries coverage in Asia, is departing the firm after nearly 10 years.
PE-backed Akeso Biopharma targets Hong Kong IPO
Chinese biotech player Akeso Biopharma has made a second attempt at filing for a Hong Kong IPO after its previous application was rejected last month for failing to meet regulatory requirements.
NSSK sells Japan nursing care business
Japanese mid-market buyout firm NSSK has secured a partial exit from nursing care provider Vati through a sale of the business to an investor group that includes Neuberger Berman.
India’s Ascent invests in women’s pharma producer
Indian private equity firm Ascent Capital has invested INR1.25 billion ($17.5 million) in Naari Pharma, a women's health pharmaceutical business focused on hormonal generics.