News
Affinity invests $150m in Indonesia's Netflix rival
Affinity Equity Partners has invested $150 million in Vidio, an Indonesia-based over-the-top (OTT) streaming service described as a local equivalent to Netflix, as part of a $200-250 million funding round.
Sequoia, GIC backing propels Envision's funding round to $1b
Sequoia Capital China and GIC have joined Primavera Capital Group in backing China-based green technology player Envision Group, taking the company’s latest funding round to $1 billion.
Cross-currency restructuring underpins Ameba's VC fund
China-focused VC firm Ameba Capital has closed its debut US dollar-denominated fund at $265 million, supported by a renminbi-to-US dollar secondary restructuring and a primary staple.
Capital, talent flock to Japanese start-ups - AVCJ Forum
Japan’s early-stage investment environment has improved dramatically over the past several years with the emergence of a new generation of entrepreneurs, industry participants told the AVCJ Japan Forum.
PE-backed Delhivery files for India IPO
India-based e-commerce logistics provider Delhivery is looking to raise up to INR74.6 billion ($1 billion) through a domestic IPO that would facilitate partial exits for The Carlyle Group, Fosun Group, SoftBank Vision Fund 1, and Times Internet.
Vision Fund leads $93m Series B for Hong Kong NFT platform
SoftBank Vision Fund 2 has led a $93 million Series B round for Hong Kong non-fungible token (NFT) platform The Sandbox, a subsidiary of locally based category leader Animoca Brands.
Philippines fintech player Mynt gets $300m at $2b valuation
Warburg Pincus, Insight Capital, and Bow Wave Capital have led a $300 million round for Mynt, the Filipino financial technology company behind the mobile wallet GCash, at a valuation of $2 billion.
KKR, 5Y lead Series C for China contact lens brand
Moody, a China-based cosmetic contact lens brand, has raised RMB1 billion ($156 million) in a Series C funding round led by KKR and 5Y Capital. Source Code Capital re-upped.
Blackstone names ex-Morgan Stanley banker as Japan chair
The Blackstone Group has appointed Ryusuke Shigetomi, formerly vice chairman for global investment banking at Morgan Stanley, as representative director and chairman of its Japan operations.
B Capital, Falcon Edge join $50m round for India digital bank
B Capital Group and Falcon Edge Capital have joined a $50 million Series B round for Indian digital banking services provider Fi at a valuation of $315 million.
Baring Asia buys Tricor from Permira for $2.7b
Baring Private Equity Asia (BPEA) is set to expand its corporate services provider portfolio, having agreed to buy Tricor Group from Permira for an enterprise value of $2.76 billion.
3H Healthcare closes second US dollar fund at $330m
3H Healthcare Investment, which specializes in early-stage China biotech and medical devices deals, has closed its second US dollar-denominated fund at the hard cap of $330 million.
Blackstone buys Australia clinical trials specialist
The Blackstone Group has acquired Nucleus Network, which claims to be Australia’s largest phase-one clinical trials provider, for an undisclosed sum. It provides an exit for local GP Crescent Capital Partners.
Apollo bulks up credit team as part of Asia expansion
Apollo Global Management has recruited three professionals from Commonwealth Bank of Australia (CBA) to join its Asia Pacific credit business.
PE-owned APM Human Services set for $743m Australia IPO
APM Human Services, an Australia-based employment services provider with operations in 10 countries, is looking to raise A$986.2 million ($743 million) through a domestic IPO that will facilitate a partial exit for Madison Dearborn Partners (MDP).
China smart home specialist Aqara raises $156m
Aqara, a China-based provider of smart home appliances and internet-of-things (IoT) solutions, has raised RMB1 billion ($156 million) in Series C funding.
India grocery delivery player Zepto raises $60m
Zepto, an Indian grocery app that claims to deliver food in 10 minutes, has raised $60 million in its first institutional funding round with US-based Glade Brook Capital taking the lead.
Kedaara leads $75m round for India's Purplle
Kedaara Capital has led a $75 million Series E round for India-focused beauty e-commerce platform Purplle at a valuation of $630 million – up from $300 million when the start-up closed its previous round in March.
Korea's IMM leads $64m round for vertical farming company
Korea’s IMM Investment has led a $64.5 million round for Abu Dhabi-based vertical farming company Pure Harvest Smart Farms as part of an Asian expansion
Primavera joins $326m round for Taiwan EV supplier
Primavera Capital Group has made its second cleantech investment in a matter of days, with participation in a $326 million round for Taiwan-based battery manufacturer ProLogium Technology.
Baring Asia makes second close on Fund VIII, reaches $8.5b target
Baring Private Equity Asia (BPEA) has completed two closes on its eighth pan-regional fund, receiving commitments of around $8.5 billion – the initial target for the entire vehicle.
Qihoo leads $630m round for China EV maker Hozon
China security software provider Qihoo 360 Technology has led a RMB4 billion ($630 million) round for Hozon Auto, a local electric Vehicle (EV) manufacturer, making an individual contribution of RMB2 billion.
Wavemaker launches Southeast Asia climate tech fund
Singapore-based Wavemaker Partners has launched what it calls a first-of-its-kind tech venture builder for Southeast Asia, including a fund targeting $25 million.
Affirma achieves $473m final close on fifth Korea fund
Affirma Capital has closed its fifth Korea-focused fund with KRW543 billion ($473 million) in commitments, marking its first successful fundraise since spinning out from Standard Chartered.