Thailand-based insurtech Sunday raised a USD45m Series B from investors including Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Granite Oak, Quona Capital, Aflac Ventures and Z Venture Capital. Read more… Read More
VIG Partners acquired a controlling stake in South Korea-based waste-to-energy facility operator BioEnergyFarmAsan for about USD100m. Read more… Read More
KKR led a USD45m Series B for KiotViet, a Vietnam-based merchant platform for MSMEs, with follow-on from Jungle Ventures. Read more… Read More
Carsome, a Malaysia-based auto resale marketplace, raised a USD170m Series D+ at a reported USD1.3b valuation from investors including MediaTek, Catcha Group, Penjana Kapital and Emissary Capital, and follow-on from Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners and others. Carsome also… Read More
Temasek-founded Aicadium acquired BasisAI, a Singapore-based AI software provider, facilitating an exit for Sequoia Capital India and three co-founders of the company. Read more… Read More
Everstone Capital acquired Calibre Chemicals, an India-based specialty ingredients company focused on the pharmaceutical, nutritional and personal care segments, for a reported USD100m. Read more… Read More
Hong Kong-based medical devices maker OrbusNeich Medical Group raised ~USD200m across two rounds from Shenzhen Capital Group, CCB International, CICC Capital, China Merchants Securities Investment, Shenzhen Share Capital Healthcare Fund and family offices. Read more… Read More
China Structural Reform Fund and China Internet Investment Fund led a CNY1b (~USD155m) Series A for China-based chipmaker Metax Integrated Circuits, with follow-on from investors including Matrix Partners China, CTC Capital, Sequoia Capital China and Lightspeed Venture Partners. Read more… Read More
The Emerald Sri Lanka Fund, a vehicle launched by Zephyr Management in partnership with NDB Bank, exited Sri Lanka-based renewable energy solution provider Panasian Power via a secondary sale to a local conglomerate, and Sri Lanka-based water-based wood coatings company JAT Holdings via an IPO on the Colombo Stock Exchange. Read More
Advent International sold its controlling stake in AI Dream, the operator of the Serta and King Koil mattress brands in China, to Hillhouse Capital for an undisclosed amount. Read more… Read More
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