S2G Ventures led a USD10.8m Series A for Avant, a Hong Kong- and Singapore-based foodtech startup for lab-grown seafood, with participation from SWEN Blue Ocean, Regal Hotels, Thia Ventures, Lever VC, CPT Capital, ParticleX, Artesian, Good Startup and Alwyn Capital. Avant is featured in GPCA’s 31 Global Foodtechs to… Read More
Legend Capital led a USD150m Series E for ClinChoice, a China- and US-based full-service clinical-stage contract research organization, with participation from Taikang Life Insurance and Sherpa Healthcare Partners, with follow-on from Apricot Capital and Lilly Asia Ventures. Read more… Read More
Chaos Investment and China Media Group, through its CCTV Financial Media Industry Investment Fund, led a CNY1b (~USD149m) pre-Series B for MetaX Integrated Circuits, a China-based chipmaker, with participation from Shanghai Guosheng Group, Hermitage Capital and Puchao Capital and follow-on from China Internet Investment Fund and Matrix Partners. Read More
Korea Development Bank led a KRW100b (~USD77m) pre-IPO round for South Korea-based real estate marketplace Zigbang with a KRW50b (~USD39m) investment at a reported KRW2.4t (~USD1.9b) post-money valuation. IMM Investment and Hana Financial Investment also participated, investing KRW40b (~USD31m) and KRW10b (~USD8m), respectively. Zigbang plans to acquire Samsung SDS’s IoT… Read More
INCE Capital led a nearly CNY100m (~USD15m) pre-Series A for Great Robotics, a China-based maker of image-guided surgical robots, with participation from Oriental Jiafu. Read more… Read More
Arpwood Partners, Clermont, Siguler Guff and Somerset Indus Capital agreed to acquire Sterling Hospitals, a group of India-based hospitals, for ~USD82.4m (INR6.5b). Read more… Read More
Ascential agreed to acquire Intrepid, a Singapore-based e-commerce execution services platform serving brands in Southeast Asia, for an initial cash consideration of USD57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets. The total consideration, including the initial consideration, is estimated between USD100m and USD197m and… Read More
National Investment and Infrastructure Fund agreed to acquire a 22.5% stake in Hindustan Ports, a subsidiary of UAE-based port operating company DP World, for~USD300m (~INR22.5b) through its vehicle NIIF Master Fund, which targets investments in ports, terminals, transportation and logistics businesses in India. Read more… Read More
Ascend Vietnam Ventures reached a USD50m final close for its debut fund AVV Alpha. The vehicle will invest in Vietnam-based early-stage startups with a focus on financial inclusion, education and future of work. Read more… Read More
SBI Investment and Trifecta Capital led a USD70m Series B for Arzooo, an India-based e-commerce platform and supply chain network, with participation from Tony Xu (Doordash) and follow-on from Celesta Capital and 3 Lines VC. Read more… Read More
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