Temasek Holdings, Sequoia Capital China, and IDG Capital have led a CNY500m (USD 72m) Series B investment in Chinese solar cell manufacturer GCL Photoelectric Materials.
As China’s technology space has shifted toward more advanced domains of R&D, bubbles have formed and geopolitics have complicated investment. There is scope for some turnaround on these points
Mengyang Yang, an executive director and head of private equity in Hong Kong at CICC Capital, on China’s post-pandemic revival, plans for a flagship US dollar fund, and managing guidance funds
India’s domestic growth story appears unobstructed, but some international investors could hold their fire. The local PE industry will not graduate to the next level without that foreign capital
Private equity is eager to re-engage with China as a sudden post-pandemic re-opening reminds investors focused on the country to expect the unexpected. A weak global picture could spoil the party
Indiemicro, a Chinese chip designer targeting the automotive industry has raised a CNY300m (USD 43m) round featuring semiconductor-focused Sunic Capital.
Fundraising favours the few; deployment becomes progressively slower as investors agonise about valuations, macro prospects, and financing costs; sponsor-to-sponsor deals prop up exits
Eswin Material, the integrated circuit manufacturing unit of Eswin Technology Group, has raised CNY 4bn（USD 576m）in Series C funding led by the New Materials Fund of China National Building Material.
Seoul-based education technology start-up Mathpresso has closed its Series C round on USD 70m following an investment of undisclosed size last year from Google.
Square Peg Capital and Wellington Management have led a AUD 750m (USD 501m) investment in Australian e-commerce marketing technology provider Rokt at a valuation of USD 2.4bn.
EQuest Education, a Vietnam-based operator of bilingual schools backed by KKR, has acquired a controlling interest in industry peer Khoi Nguyen Education Group (KNE).
Temasek Holdings, A91 Partners, and Kae Capital have invested USD 135m in Indian omnichannel wellness products retailer HealthKart.
Safe Pharmaceutical Research Institute, a Beijing-based clinic research organization (CRO) focused on novel drugs, has raised a CNY500m (USD 71m) Series D round led by SDIC Venture Capital and China State-owned Venture Capital Fund.
Indian lending start-up KreditBee has raised USD 80m in Series D funding from Premji Invest, NewQuest Capital Partners, Mirae Asset Ventures, MUFG Bank, and Motilal Oswal Alternates (MO Alts).
The Carlyle Group has applied for regulatory approval to acquire a 26% stake in Taiwan-based sushi chain Zhengxian, also known as Sushi Express.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Temasek Holdings has launched an internal review into the circumstances that led to its investment in collapsed cryptocurrency exchange FTX, but Singapore’s deputy prime minister refused to criticise the organisation’s governance structures.
Dongfang Jingyuan Electron (DJEL), a China-based semiconductor equipment and software provider, has raised CNY 1bn (USD 139m) from an investor group that includes Green Pine Capital Partners and CoStone Capital.
FreeTech, a developer of assisted driving solutions, has raised nearly USD100m in Series B funding led by Chaos Investment.
Norwest Venture Partners has invested USD 32m in India’s Celebal Technologies, a software consulting and delivery company active in artificial intelligence, big data, and cloud.
Qualcomm Ventures and Lingotto, the largest shareholder in Ferrari, have invested in India’s Ultraviolette Automotive, an electric vehicle maker focused on two-wheelers.
Australia Business Growth Fund (ABGF), a partially government-backed investor that backs small to medium-sized companies, has invested AUD 15m (USD 10m) in local tourism company HMC Group.
H&Q Korea has led a KRW 49bn Series C round for Korean laundry app provider Laundrygo with support from SoftBank Ventures and Altos Ventures.
KKR has led a USD 68m Series B round for Australia’s Advanced Navigation, an autonomous systems developer for robots and vehicles used everywhere from the freeway to orbit