News
Unilever invests in online India grocery market
Unilever Ventures, the corporate VC arm of Unilever, has committed $3 million in pre-Series A funding to Indian grocery delivery start-up Milkbasket.
Singapore IP fund invests $30m in fintech acquisition platform
Southeast Asia-focused financial technology platform Tryb Group has received a $30 million investment from The Makara Innovation Fund (MIF), a Singapore government-backed vehicle that focuses on intellectual property-driven businesses.
PremjiInvest leads $48m round for India's Shubham
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has led a INR3.1 billion ($48 million) funding round for Indian mortgage lender Shubham Housing Development Finance, providing an exit for Accion International and Saama Capital.
LeapFrog leads $47m round for India's NeoGrowth
LeapFrog Investments has led a $47 million funding round for NeoGrowth Credit, a financial technology company that offers flexible loans to small retailers in India.
India's 3one4 closes second fund at $39m
Indian VC firm 3one4 Capital has closed its second early stage fund at INR2.5 billion ($39 million), exceeding its target of INR1.5 billion.
Atinum leads $9m round for Korean fintech player
Korean venture capital firm Atinum Investment has led a KRW10 billion ($9.4 million) funding round for domestic financial technology company Tera Funding.
Japan's UTEC raises fourth early-stage fund
University of Tokyo Edge Capital (UTEC) has raised JPY15.5 billion ($142 million) for its fourth fund intended to support the development of research conducted at the university into start-ups.
China’s Dianrong raises additional $70m for Series D
Chinese peer-to-peer (P2P) lending platform Dianrong has raised an additional $70 million in Series D funding, taking the total round to $290 million.
Affinity buys Trimco from Partners Group for $520m
Affinity Equity Partners has bought Hong Kong-based garment label manufacturer Trimco from Partners Group for $520 million.
Quadria Capital backs Malaysian medical diagnostics provider
Healthcare-focused private equity firm Quadria Capital has made an investment of undisclosed size in Malaysian diagnostics services company Lablink.
Southeast Asia logistics firm Ninja Van secures Series C
Ninja Van, a Singapore-headquartered last-mile logistics services provider with regional presence, has completed a Series C round of funding.
Baring Asia sells Singapore education business to ICG
Baring Private Equity Asia has exited its 100% stake in Singaporean tertiary education institution PSB Academy to Intermediate Capital Group (ICG) for an undisclosed sum.
Japan's J-Star announces trio of investments
Japan’s J-Star has continued the rapid deployment of its third fund, securing buyouts across the lifestyle retail, recycling, and fire safety equipment manufacturing spaces.
AlpInvest leads $450m stapled secondary for Southern Capital
A consortium led by AlpInvest Partners has made a secondary investment in Southern Capital Group’s second fund that includes a stapled commitment to the firm’s fourth Southeast Asia-focused vehicle.
GLP leads $36m round for China’s Songxiaocai
Warehouse operator Global Logistic Properties (GLP) has led a RMB230 million ($36 million) investment in Songxiaocai, a business-to-business (B2B) platform that provides agricultural wholesale services to Chinese retailers.
ADB exits minority stake in India's ReNew to CPPIB for $144m
Canada Pension Plan Investment Board (CPPIB) has invested $144 million in Indian renewable energy producer ReNew Power Ventures, providing an exit for the Asian Development Bank (ADB).
China’s Shunwei Capital appoints new partner
Chris Lai, formerly a venture partner at China-focused Sinovation Ventures, has joined Shunwei Capital Partners, a VC firm set up by Xiaomi founder Lei Jun, as a partner.
Baring Asia realizes 2.4x return on Korea cement deal
Baring Private Equity Asia has completed its exit from Korean construction materials business Halla Cement, selling the asset to Asia Cement for an enterprise value of $723 million.
Asia private equity veteran Veronica John dies at 53
Veronica John, a longstanding emerging markets investor, has died following a battle with cancer. She was 53.
Joy leads $20m round for Chinese e-commerce site
Joy Capital has led a $20 million round of funding for The Good Stuff, an e-commerce start-up that uses online influencers to sell products.
BGH sets $2b hard cap for debut Australia fund
BGH Capital, the Australia and New Zealand-focused private equity firm set up by Ben Gray, formerly co-head of TPG Capital in Asia, has set a hard cap of A$2.5 billion ($2 billion) for its debut fund.
Singapore audience data business gets $12.5m
French private equity firm Jolt Capital has led a $12.5 million investment in Singapore-headquartered audience data aggregator and marketplace operator Eyeota.
VCs commit $30m to Japanese recipe-sharing start-up
SoftBank and YJ Capital have taken part in a JPY3.4 billion ($30.2 million) funding round for Japanese online food media start-up Dely.
Japan’s Folio gets $63m in extended Series A
A group of investors including Goldman Sachs have invested JPY7 billion ($63 million) in Japanese stock trading app operator Folio.