News
India’s Inflexor seeks $100m for debut fund
Inflexor Ventures, a recently established venture capital firm, is looking to raise $100 million for its debut fund, which will focus on early-stage deals.
VCs invest Singapore cell-based milk company
A group of US-based investors led by Lever VC has backed an early-stage round of undisclosed size for Singapore’s TurtleTree Labs, which creates milk from cells with no animal needed.
GGV leads $24m round for India's Vedantu
Indian online tutoring service Vedantu raised $24 million in an extended Series C round led by GGV Capital. It is the latest example of the primarily China-focused manager's push into India.
Chinese fashion design platform raises $14m
Linctex Digital, a Shanghai-based design services platform for the fashion industry, has raised RMB100 million ($14 million) in funding led by Gaorong Capital. Shunwei Capital, Vision Plus Capital, Baidu Ventures and Yinxinggu Capital also took part.
GrabWheels gets $30m for Southeast Asia EV rollout
GrabWheels, a unit of Singapore-based ride-hailing giant Grab, has received $30 million from Taiwanese motorcycle maker Kymco for electric vehicle (EV) development in Southeast Asia.
Carlyle Asia secures exit as Permira buys Golden Goose for $1.4b
Golden Goose, an Italian luxury footwear brand acquired three years ago by The Carlyle Group’s Europe and Asia funds, has been sold to Permira for around EUR1.3 billion ($1.4 billion).
Chinese online insurance player raises $55m in US IPO
Huize Holding, a Shanghai-based insurance platform backed by SAIF Partners, has raised about $55 million in a US IPO.
KKR raises $1.3b for global impact fund
KKR has closed its debut global impact investment fund with $1.3 billion in commitments. It will back companies that provide commercial solutions to environmental or social challenges, based on criteria set out in the UN sustainable development goals...
Hamilton Lane backs Legend Capital fund restructuring
Hamilton Lane has led a $200 million restructuring of a VC fund managed by China-based Legend Capital, transferring 12 investments into a new vehicle as a means of extending the holding period.
EQT-backed Nexon announces trio of Australia bolt-ons
Nexon Asia Pacific, an Australian enterprise IT services provider controlled by EQT Partners, has acquired three local IT businesses.
Quadrant acquires Australia enterprise IT business
Australia’s Quadrant Private Equity has agreed to acquire the enterprise services division of listed IT specialist Arq Group for A$35 million ($23.5 million).
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.
