News
Australia insurtech provider Cover Genius secures $72m Series C
Japanese insurance giant Sompo Holdings has led a A$100 million ($72 million) Series C round for Australian insurance technology provider Cover Genius.
Evergrande EV unit cancels listing, suffers cash crunch
Evergrande New Energy Vehicle (NEV) Group, the Hong Kong-listed electric vehicle unit of troubled Chinese real estate developer Evergrande has canceled a planned secondary listing on Shanghai's Star Market and warned investors of a cash shortage.
PAG backs China AI investment management start-up
PAG has led a $100 million round for DataYes, a China-based provider of artificial intelligence-enabled investment management solutions for the financial services industry.
Lee Fixel's Addition backs India-based Delhivery
Addition, a private equity firm established by Lee Fixel, who was previously involved in many of Tiger Global Management’s early India deals, has invested $125 million in local e-commerce logistics provider Delhivery.
China service robot player Pudu secures $77m
Pudu Robotics, a China-based manufacturer of service robots, has raised a $77 million Series C extension led by Meituan, Greater Bay Area Homeland Development Fund, Shenzhen Investment Holdings, and Sequoia Capital China.
Singapore's Ninja Van raises $578m Series E
Singapore-based last-mile delivery start-up Ninja Van has raised a $578 million Series E round featuring Alibaba Group.
CDC joins $75m round for India medical B2B marketplace
CDC Group has contributed $27.5 million to a $75 million Series C round for Medikabazaar, an Indian medical B2B marketplace and COVID-19 supply chain operator.
GM invests $300m in China autonomous driving player Momenta
General Motors (GM) has entered China’s autonomous driving industry with a $300 million investment in Momenta, a local developer of sensor technology.
China's Broncus raises $215m in IPO, struggles on HK debut
Broncus Holding Corporation, a China-based manufacturer of medical devices used to treat lung diseases, plunged 12.8% on its Hong Kong trading debut following a HK$1.67 billion ($215 million) IPO.
Riverside exits Japan bicycle business to Daiwa
The Riverside Company has sold Japan-based bicycle retailer Y International to domestic private equity firm Daiwa PI Partners for an undisclosed sum.
Asia crypto asset management platform raises $40m
Cobo, a Singapore-based crypto asset management platform and blockchain infrastructure provider, has secured a $40 million Series B round led by DST Global, A&T Capital, and IMO Ventures.
China autonomous driving chip start-up hits $2b valuation
Black Sesame Technologies, a China-based chipmaker specializing in autonomous driving applications, has raised several hundred million dollars through two funding rounds at a valuation of $2 billion.
China AR glasses maker Nreal gets $100m Series C
Nreal, a Chinese manufacturer of advanced artificial reality (AR) glasses that resemble normal sunglasses, has raised a Series C of $100 million led by Nio Capital, Yunfeng Capital, and Hongtai Capital.
Pacific Century’s insurtech business extends Series A to $210m
Pacific Century Group’s insurance technology business, Bolttech, has extended a recent $180 million Series A round to $210 million in total.
Australia's Liverpool Partners acquires coffee brand
Australian private equity firm Liverpool Partners has acquired a majority stake in Seven Miles Coffee Roasters, a branded coffee supplier to the local cafe segment.
Brookfield's Asia head joins CapitaLand's fund management arm
Patrick Boocock, a managing partner at Brookfield Asset Management who led the firm’s investment and asset management activities in Asia, has moved to newly listed CapitaLand Investments (CLI).
SoftBank, Warburg Pincus back Singapore's Advanced Intelligence
Advance Intelligence Group, a Singapore start-up best known for digital identity verification and fraud prevention platform Advance.AI and buy now, pay later (BNPL) business Atome, has raised over $400 million in Series D funding.
Platinum sells Singapore's PCI for $306m
Platinum Equity has agreed to sell PCI, a Singapore-headquartered electronics manufacturing services provider it acquired in 2019, to US-listed Celestica for $306 million in cash.
True North exits India's RDC Concrete after 16-year hold
True North has agreed to sell India-based RDC Concrete, a company it has owned since 2005, to private equity-backed online construction marketplace Infra.market.
India's Freshworks flourishes on NASDAQ debut
Freshworks, one of India's leading software-as-a-service (SaaS) businesses, traded strongly on its NASDAQ debut following a $1 billion IPO.
FountainVest buys New Zealand pet food business
China-focused private equity firm FountainVest Partners has agreed to buy Ziwi, New Zealand’s leading exporter of pet food.
China warehouse robot supplier secures $200m
Hai Robotics, a China-based manufacturer of robots used in warehouses, has raised approximately $200 million across two funding rounds.
Hong Kong’s Airwallex raises $200m at $4b valuation
Hong Kong-based Airwallex has raised a $200 million Series E round led by Lone Pine Capital at a valuation of $4 billion. A $300 million Series D in March valued the company at $2.6 billion.
Eight Roads' China hospital wins backing from Swire
DeltaHealth, a China-based cardiovascular care chain established by Eight Roads, has raised $100 million in funding led by Hong Kong-listed conglomerate Swire Pacific.