News
India's Acko achieves unicorn status with $255m round
General Atlantic and Multiples Alternate Asset Management have led a $255 million round for Acko, which claims to be India’s only digital-native insurer, at a valuation of $1.1 billion.
China ride-hailing app T3 Go raises $1.2b
T3 Go, a Nanjing-based ride-hailing platform, has raised a RMB7.7 billion ($1.2 billion) Series A round led by CITIC Investments. Redview Capital and Virtue Capital also took part.
Temasek platform to help Singapore businesses go global
Temasek Holdings is backing Singapore’s efforts to attract and develop high-growth businesses with the formation of an investment platform that will support local companies with regional and global expansion ambitions.
China e-commerce SaaS player Huice raises $312m
Huice, a China-based provider of software for e-commerce retailers, has raised $312 million in a Series D round led by SoftBank Vision Fund 2. This is the largest single round in China’s software-as-a-service (SaaS) industry year-to-date.
Primavera leads Series C for Southeast Asia's Love Bonito
Primavera Capital Group has led a $50 million Series C round for Love Bonito, which claims to be Southeast Asia’s largest omnichannel womenswear brand.
General Atlantic leads Series C for Philippines-based Kumu
General Atlantic has led a Series C round of undisclosed size for Philippines-based social media start-up Kumu, bringing total funding to date to $100 million.
India logistics provider Porter gets $100m Series E
Porter, which claims to operate India’s largest marketplace for intracity logistics, has raised an INR7.5 billion ($100 million) Series E round featuring Tiger Global Management.
Japan's Keystone targets $440m for Fund V
Tokyo-based Keystone Partners is looking to raise around JPY50 billion ($440 million) for its fifth Japan-focused fund, which will make a combination of growth and turnaround investments.
Sofina, Lightrock lead $115m round for India's DeHaat
Sofina and Lightrock India have led a $115 million Series D round for Indian agricultural technology provider DeHaat. It is described as the country's largest-ever agtech round.
Chinese collaboration software provider Lanhu raises $157m
Chinese collaboration software company Lanhu has raised RMB1 billion ($157 million) in an extended Series C round led by GGV Capital, reaching a valuation of $1 billion.
China networking chip specialist Clounix raises $63m
China-based networking chip manufacturer Clounix has raised approximately RMB400 million ($63 million) across angel and pre-Series A rounds.
EIG pays $1.6b for 10% stake in Australia Pacific LNG
Energy and infrastructure investor EIG has acquired a 10% stake in Australia’s largest coal seam gas producer from domestic utility Origin Energy for A$2.12 billion ($1.59 billion).
India fintech start-up Clear raises $75m Series C
Indian financial technology start-up Clear, previously known as ClearTax, has raised a $75 million Series C round featuring Kora Capital, Alua Capital, and Think Investments.
Pencarrow makes New Zealand clinical research investments
Pencarrow Private Equity has invested in two of New Zealand’s leading clinical research companies, combining them into a single entity in which it holds a 52.3% stake.
India's Groww raises $251m at $3b valuation
US-based Iconiq Capital has led a $251 million Series E round for India’s Groww, a financial services provider for the retail market, at a valuation of $3 billion.
Affinity invests $360m in Towngas China
Affinity Equity Partners has invested HK$2.8 billion ($360 million) in a China-focused affiliate of Hong Kong & China Gas (Towngas) to support the company’s transformation from a piped gas provider into a smart energy solutions business.
China MRO player Ruigu gets $250m Series D
Ruigu, a China-based industrial supplies platform that serves small and medium-sized enterprises (SMEs), has raised $250 million in Series D funding led by Primavera Capital Group.
Valar leads Series A for Hong Kong fintech start-up XanPool
Valar Ventures has led a $27 million Series A round for XanPool, a Hong Kong-based financial technology start-up that facilitates payments outside of legacy financial infrastructure.
Hong Kong's FTX raises $420m, hits $25b valuation
Hong Kong cryptocurrency exchange operator FTX has raised $420 million at a valuation of $25 billion from a group of 69 investors.
Riverside adds to Australia workplace wellbeing rollup play
The Riverside Group has bought Australian injury management and occupational rehabilitation services provider Nabenet as part of a workplace wellbeing rollup strategy.
China vacuum cleaner brand Dreame raises $563m
Dreame, a Beijing-headquartered vacuum cleaner maker backed by smart phone and consumer electronics giant Xiaomi, has raised RMB3.6 billion ($563 million) in Series C funding.
Primavera makes $600m China cleantech investment
Primavera Capital Group has invested $600 million in two subsidiaries of Envision Group, a China-based manufacturer of wind turbines, smart batteries, and renewable energy management systems.
India's Axis Bank seeks $468m for distress buyout fund
India’s Axis Bank has launched a distress buyout fund targeting INR35 billion ($468 million) via its asset management business.
Hong Kong's Animoca Brands raises $65m at $2.2b valuation
Hong Kong non-fungible token (NFT) company Animoca Brands has raised $65 million from a group featuring Sequoia Capital China, more than doubling its pre-money valuation since May to $2.2 billion.