Regions

Emerging Asia

Industry News

Insight Partners and Tiger Global Lead USD70m Series B for Indian Professional Networking Platform Apna

Insight Partners and Tiger Global led a USD70m Series B for India-based professional networking platform Apna, with follow-on from Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC. Read

Read More

Softbank Leads ~USD360m Series C for Singaporean Automotive Marketplace Carro

SoftBank Vision Fund 2 led a SGD477m (~USD360m) Series C for Carro, a Singapore-based auto resale marketplace, with participation from EV Growth and other Indonesia-based funds. Read more

Read More

Polaris Partners Leads USD43m Series A for Singaporean Drug Discovery Platform Engine Biosciences

Polaris Partners led a USD43m Series A for Singapore-based drug discovery platform Engine Biosciences, with follow-on from 6 Dimensions Capital, WuXi AppTec, DHVC, EDBI, Baidu Ventures, Vectr Ventures, Goodman Capital,

Read More

Multiples Leads USD65m Series F for Indian Meat and Seafood Brand Licious

Multiples Alternate Asset Management led a USD65m Series F for India-based meat and seafood brand Licious, with participation from Brunei Investment Agency, Vertex Ventures and others. Multiples contributed USD32m to

Read More

DFC Commits USD30m to Openspace Ventures Plus

DFC has committed up to USD30m to Openspace Ventures Plus, a vehicle managed by Openspace Ventures. The fund has an initial target of USD200m and will focus on mid- and

Read More

SIG and Openspace Lead Series B for Philippine Live Streaming App Kumu

SIG and Openspace Ventures led an undisclosed Series B for Kumu, a live streaming app based in the Philippines, with participation from Gentree Fund and Endeavor Catalyst Fund, and follow-on

Read More

Carlyle and TPG Lead ~USD126m Investment in South Korea’s Kakao Mobility

A consortium of investors led by the Carlyle Group and TPG led a KRW140b (~USD126m) investment in South Korea-based transportation firm Kakao Mobility. Read more

Read More

H Capital Leads USD300m Round for Chinese Car Trading Platform Chehaoduo

H Capital led a USD300m round for China-based car trading platform Chehaoduo, with follow-on from Sequoia Capital China and IDG Capital. Read more

Read More

PAG-Backed Youran Dairy Raises USD643m in HKEX IPO

China Youran Dairy Group, a China-based upstream dairy company backed by PAG, has raised USD643m in its HKEX IPO. Read more

Read More

Valar Ventures and Goodwater Capital Lead USD60m Series A for Indonesian Fintech BukuWarung

Valar Ventures and Goodwater Capital led a USD60m Series A for BukuWarung, an Indonesia-based fintech for MSMEs. Read more

Read More

TPG Leads USD80m Series D+ for Indian SaaS Startup Zenoti

TPG led a USD80m Series D+ for Zenoti, an India-based software provider for the spa and wellness industry, at a reported USD1.5b valuation. Advent International led the company’s USD160m Series

Read More

TPG Capital Leads USD220m Round for Chinese Pharma Platform Dingdang Health

TPG Capital Asia led a USD220m round for China-based offline-to-online pharmaceutical platform Dingdang Health, with participation from OrbiMed, Redview Capital, Summer Capital, Valliance Asset Management, Yingke PE and Orchid Asia.

Read More

Softbank Vision Fund 2 Leads USD90m Series D for India Enterprise Software Platform WhatFix

SoftBank Vision Fund 2 led a USD90m Series D for India-based enterprise software platform WhatFix, with participation from Eight Roads Ventures, Sequoia India, Dragoneer Investment Group, F-Prime Capital and Cisco

Read More

CMC and Softbank Invest USD400m Series C for Chinese Home Furnishing Platform Chubby Bear

Chubby Bear, a China-based B2B trading platform for home furnishing materials has raised USD400m from CMC Capital Group and SoftBank. CMC Capital Group led the company’s Series C while SoftBank

Read More

Tiger Global Leads USD35m Round for Indian Car Services Platform GoMechanic

Tiger Global led a USD35m round for GoMechanic, an India-based platform for car services and car parts, with follow-on from Sequoia Capital, Orios Venture Partners and Chiratae Ventures. Read more

Read More

Tiger Global Leads USD35m Round for Indian Car Services Platform GoMechanic

Tiger Global led a USD35m round for GoMechanic, an India-based platform for car services and car parts, with follow-on from Sequoia Capital, Orios Venture Partners and Chiratae Ventures. Read more

Read More

Orchid Asia Reaches USD1.1b First Close for Fund VIII

Orchid Asia has reached a USD1.1b first close for Fund VIII. The vehicle, which has an initial target of USD1.6b, will provide growth capital to companies looking to build franchises

Read More

JD Logistics Raises USD3.2b via HKSE IPO

JD Logistics, the delivery arm of Chinese e-commerce giant JD.com, has raised ~USD3.2b in its Hong Kong listing. This is the largest HKSE listing in 2021 after China-based live streaming

Read More

Primavera to Acquire Reckitt’s China Baby Formula Unit for USD2.2b

Primavera Capital Group has agreed to acquire the China infant formula and child nutrition business of UK-based consumer goods maker Reckitt Benckiser Group for an enterprise value of USD2.2b. Read

Read More

KV Asia Reaches USD100m First Close for Southeast Asia PE Fund

KV Asia Capital has reached a USD100m first close for its second Southeast Asia PE fund. The vehicle has an initial target of USD300m and will primarily focus on buyouts

Read More

Oceanpine Reaches ~USD312m Final Close for Hard-Tech Fund

Oceanpipe Capital has reached a CNY2b (~USD312m) final close for its Hardcore Technology Investment Read more

Read More

Fortune Capital Reaches ~USD858m First Close for CNY Fund

Fortune Capital has reached a CNY5.5b (~USD858m) first close for its CNY-denominated fund targeting CNY6.8b (~USD1.1b). Fortune invests across multiple stages in both traditional and high-tech industries and the latest

Read More

Multiples Exits India’s Vikram Hospital via Sale to Manipal Hospitals

Multiples Alternate Asset Management has fully exited India-based Vikram Hospitals via a sale to Manipal Hospitals for a reported INR3.5-4b (USD39-45m). Multiples originally acquired a majority stake in Vikram in

Read More

Sequoia China, China Merchants Health, Greenwoods & WuXi Apptec Lead USD188m Round for Chinese mRNA Specialist Stemirna

Sequoia Capital China, China Merchants Health, Greenwoods Asset Management and Wuxi AppTec led a CNY1.2b (~USD188m) round for Stemirna Therapeutics, a China-based mRNA drugs and vaccines developer, with participation from

Read More

Blackstone to Acquire Chinese Tech Publisher IDG for USD1.3b

Blackstone has acquired media and data company International Data Group (IDG) from China Oceanwide Holdings Group for USD1.3b. Read more

Read More

GIC Leads USD50m Series C for Indian Logistics Management Platform Locus

GIC led a USD50m Series C for India-based logistics management platform Locus, with participation from Qualcomm Ventures, Tiger Global and Falcon Edge. Read more

Read More

Prosus, Dragoneer and Wellington Management Lead USD255m Series F for India’s Urban Company

India-based home and beauty services platform Urban Company has raised a USD255m Series F at a reported ~USD2.1b valuation, including USD190m led by Prosus, Dragoneer and Wellington Management with participation

Read More

KKR Invests in Vietnamese Education Group EQuest

KKR, through its Global Impact Fund, has made an undisclosed investment in EQuest Education, a Vietnam-based K-12 bilingual school operator. Read more

Read More

L Catterton Leads USD40m Series B for Singaporean D2C Dental Brand Zenyum

L Catterton led a USD40m Series B for Singapore-based D2C dental products company Zenyum, with follow-on from Sequoia Capital India, RTP Global, Partech, TNB Aura, Seeds Capital and FEBE Ventures.

Read More

Accel, Falcon Edge Capital, Norwest VP Invest USD50m Series A for Indian D2C Startup Mensa Brands

Accel Partners, Falcon Edge Capital, Norwest Venture Partners and angel investors have invested a USD50m Series A for Mensa Brands, an India-based D2C startup which acquires online-first brands. The round

Read More

Sequoia China and Yunfeng Capital Lead ~USD228m Series B for Chinese Rice Brand Shiyue Daotian

Sequoia Capital China and Yunfeng Capital led a CNY1.45b (~USD228m) Series B for China-based rice brand Shiyue Daotian, with participation from CMC Capital Group and Taihecap, and follow-on from GenBridge

Read More

Tiger Global Leads USD15.6m Series A for India’s Plum Insurance

Tiger Global Management led a USD15.6m Series A for India-based health insurance startup Plum Insurance, with follow-on from  Sequoia Capital India’s Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital.

Read More

Fidelity Leads USD277m Series H for Indian E-Commerce Logistics Company Delhivery

Fidelity Investments led a USD277m Series H for India-based e-commerce logistics company Delhivery, with participation from GIC, Chimera Investments and Baillie Gifford. Read more

Read More

Gaw Capital Reaches USD430m Final Close for Gaw Growth Equity Fund I

Gaw Capital has reached a USD430m final close for Gaw Growth Equity Fund I, including co-investments. The vehicle invests in proptech and real estate-related operating companies in Asia. Read more

Read More

Glory Reaches USD120m Final Close for Second China Venture Fund

Glory Ventures has reached a USD120m final close for its second China-focused venture fund targeting investments in tech infrastructure and applications. Read more

Read More

Yingke PE Reaches ~USD1.6b Final Close for CNY Biomedicine Fund

Yingke Private Equity has reached a CNY10b (~USD1.6b) final close for its latest CNY-denominated fund targeting investments in biomedicine and hard technology sectors. Yingke PE also recently closed its third

Read More

SUSI Partners Reaches USD81m First Close for Southeast Asia Renewables Fund

SUSI Partners has reached a USD81m first close for its Asia Energy Transition Fund, a vehicle targeting investments in the renewable energy sector in Southeast Asia. The Asian Infrastructure Investment

Read More

CPE, Tencent and Taikang Insurance Lead USD110m Series C for Chinese Data Management Firm Xuncetech

CPE, Taikang Insurance Group and returning investor Tencent led a USD110m Series C for China-based asset data management company Xuncetech, with follow-on from Goldman Sachs and Greater Bay Area Homeland

Read More

Vivo Capital and Novo Holdings Lead USD200m Series A for Singapore’s Esco Lifesciences

Vivo Capital and Novo Holdings led a USD200m Series A for Esco Lifesciences, a Singapore-based developer of cell and gene therapy tools, with participation from China Investment Corporation and EDBI.

Read More

Insight Partners Leads USD16m Series A for Indian SaaS Data Collaboration Platform Atlan

Insight Partners led a USD16m Series A for India-based SaaS data collaboration platform Atlan, with participation from angel investors and follow-on from Sequoia Surge and Waterbridge Ventures. Read more

Read More

TCV and Dragoneer Lead USD100m Series E for Indian Logistics Management Platform FarEye

TCV and Dragoneer Investment Group led a USD100m Series E for India-based logistics management platform FarEye, with follow-on from Eight Roads Ventures, Fundamentum and Honeywell. Read more

Read More

Tiger Global Leads USD30m Series B for Indian Social Media Network Koo

Tiger Global led a UD30m round for Indian social media network Koo at a ~USD100m valuation, with participation from Mirae Asset Management and IIFL’s venture fund, and follow-on from 3one4

Read More

Eminence Ventures Reaches USD120m Final Close for China Enterprise Software Fund

Eminence Ventures has reached a USD120m final close for its second USD-denominated fund. The vehicle will focus on the enterprise software sector in China. Read more

Read More

Navis Acquires Majority Stake in Malaysian Healthcare Services Provider Aurelius

Navis Capital Partners has made a majority investment in Aurelius Healthcare, a healthcare services platform that will invest into brownfield and late-stage greenfield hospital opportunities primarily in Malaysia. Read more

Read More

General Atlantic Leads Series B for Singapore’s Genesis MedTech Group

General Atlantic led an undisclosed Series B for Singapore-based medical device company Genesis MedTech Group, with participation from CITIC Capital and Lilly Asia Ventures, and follow-on from the majority of

Read More

Softbank Invests USD175m in South Korean Edtech Riid

SoftBank Vision Fund 2 has invested USD175m in Riid, a South Korea-based customized learning platform. Read more

Read More

Softbank Vision Fund 2 Leads USD250m Series C for Indian Fintech Infrastructure Provider Zeta

SoftBank Vision Fund 2 led a USD250m Series C for Zeta, an India-based B2B provider of fintech infrastructure, with follow-on from Sodexo. Read more

Read More

IFC to Commit USD15m to GEF Capital’s South Asia Growth Fund II

IFC has agreed to commit up to USD15m to South Asia Growth Fund II, an India-focused clean energy vehicle managed by GEF Capital Partners. The fund has an initial target

Read More

MDI Ventures, Openspace Ventures and Others Invest USD65.5m Series B for Indonesian Agtech Tanihub Group

TaniHub Group, an Indonesia-based agtech connecting farmers and buyers, has raised a USD65.5m Series B from MDI Ventures, Add Ventures, BRI Ventures, Flourish Ventures, Intudo Ventures, Openspace Ventures, Tenaya Capital,

Read More

CPP Investments Commits USD250m to Baring PE Asia’s India Credit Fund

CPP Investments has committed up to USD250m to Baring Private Equity Asia’s third India credit fund, with USD125m going to the main fund and an additional USD125m to the fund’s

Read More

DCL Reaches First Close for China Distressed Assets Fund

DLC Investments has reached an undisclosed first close for DLC Special Situation RMB Fund IV. The vehicle has an initial target of CNY3b (USD466m). Read more

Read More

Novo Holdings Leads USD125m Series C for Singapore’s Hummingbird Bioscience

Novo Holdings led a USD125m Series C for Hummingbird Bioscience, a Singapore- and US-based clinical stage developer of targeted therapeutics, with participation from Frazier Healthcare Partners, Octagon Capital, EDBI, AMGEN

Read More

Legend Capital Closes LC Healthcare Continued Fund I at USD270m

Legend Capital has closed LC Healthcare Continued Fund I, its healthcare continuation fund, at USD270m after raising the capital through a secondary transaction. The deal was co-led by Hamilton Lane

Read More