IDG Capital, CDH Venture and Growth Capital and CICC Capital led a USD84m Series B for Changmugu, a China-based healthtech focused on orthopaedics, with follow-on from YuanBio Venture Capital. Read more… Read More
ADIA led a USD1.3b pre-IPO round for Indonesia-based super app GoTo, with participation from Primavera Capital, Permodalan Nasional Bhd and Fidelity, and follow-on from Google, Tencent and Temasek. Read more… Read More
Nykaa, an Indian fashion e-commerce platform backed by TPG and others, raised ~USD721m in its IPO on the BSE and NSE. Read more… Read More
AIA led a USD258m Series E for Tiki, a Vietnam-based e-commerce supply chain startup, with participation from Mirae Asset-Naver Asia Growth Fund, Taiwan Mobile and Yuanta Fund, and follow-on from STIC Investments. Read more… Read More
Prosus and Warburg Pincus led a USD150m Series D for The Good Glamm Group, an India-based fashion e-commerce platform, at a USD1.2b reported valuation, with participation from L’Occitane, Bessemer Venture Partners, Amazon, Ascent Capital and the Mankekar Family Office. Read more… Read More
Alpha JWC Ventures reached a USD433m final close for its third early-stage fund focused on Southeast Asia. Investors include IFC and Morgan Stanley Alternative Investment Partners. Read more… Read More
COVID-19 has accelerated digital transformation in Southeast Asia. As the digital economy expands, so does investment in tech-enabled businesses. According to data compiled by GPCA, technology deals accounted for 83% of Southeast Asia private capital deal value across all asset classes in 1H 2021. While e-commerce platforms and tech-enabled logistics… Read More
FountainVest Partners acquired Beijing Zhendong Langdi Pharmaceutical, a China-based pharmaceutical company active in the production and supply of calcium supplements, for USD900m. Read more… Read More
Premji Invest led a USD51m round for India-based edtech BrightChamps, with participation from GSV Capital, Beenext and 021 Capital, at a reported USD500m valuation. Read more… Read More
Temasek, Tencent, Alibaba, Genesis Capital and Tiantu Capital invested a USD500m round for China-based social e-commerce Xiaohongshu at a reported USD20b valuation. Read more… Read More
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