EschCollectionAsia rivals the US as one of the world’s largest private capital markets, led by China, where activity in biotech, education and consumer sectors drove investment to a record USD72b in 2020, including a record USD48b in venture investment. GPs deployed a record USD29.5b in India, targeting tech, healthcare and infrastructure opportunities, and USD10.6b in Southeast Asia, the second highest year on record.
From our Singapore headquarters, the GPCA Asia research team covers China, Southeast Asia, India and neighboring South Asian markets.
An archive of Asia research reports can be found here.
Members can access GPC Analytics for a ten-year archive of Asian private capital transactions and data cuts.
Research Team
Ethan Koh, Asia Research Director
Alex Fichter, Research Analyst
Essa Saifie, Research Analyst
Yao Hwee Heng, Private Markets Research Analyst
Asia Research
2022 Southeast Asia Data Insight
March 29, 2022Despite rolling COVID-19 travel restrictions across much of Southeast Asia in 2021, investments reached a record USD21.5b with e-commerce, logistics and payments companies leading the way Additional analysis includes: Highlights… Read More
2022 India Data Insight
March 29, 2022Private capital investment in India concentrated in the consumer goods & services industry with a record USD23.5b invested in 2021 as companies targeted the second-largest consumer market globally. Additional analysis… Read More
2022 Global Private Capital Industry Data & Analysis
February 16, 2022GPCA members can log in to download the complete 2022 Industry Data & Analysis Excel file. GPCA data through year-end 2021 across Asia, Latin America, Africa, CEE and the Middle… Read More
Mid-Year 2021 Global Private Capital Industry Data & Analysis
September 16, 2021GPC 1H 2021 data on fundraising, investment and exit activity across Asia, Latin America, Africa, CEE and the Middle East Key data takeaways: All major markets posted year-over-year gains… Read More
2022 Southeast Asia Startup Directory
February 22, 2022GPCA Members can log in to receive exclusive access to the underlying data (Excel). VC funding in Southeast Asia reached a record high of USD10.3b in 2021. Our inaugural Southeast Asia Startup Directory… Read More
China 2021 Data Insight
May 26, 2021Rebounding quickly from the pandemic, China VC activity drove private capital investment to USD72b in 2020 Private capital fund managers invested a record USD72b in China in 2020, driven by… Read More
Emerging Tech Trends in Southeast Asia: Foodtech, Fintech, Healthtech and Edtech
November 8, 2021COVID-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%… Read More
GPCA Trends in Global Tech
February 16, 2022GPCA Trends in Global Tech traces record venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central and Eastern Europe and the Middle East. With VC representing 55%… Read More
India 2021 Data Insight
March 31, 2021GPs deployed a record USD29.5b in India, targeting longterm technology, healthcare, and infrastructure opportunities Private capital deal value in India reached new highs in 2020, even as the pandemic and… Read More
Southeast Asia 2021 Data Insight
March 31, 2021After a record-breaking 2019, GPs raised USD1.9b Southeast Asia-dedicated funds raised USD1.9b in 2020 as fewer venture capital (VC) managers returned to raise capital after a historic year in 2019.… Read More
Asia News
Zomato Acquires VC-Backed Blinkit for USD568m
Zomato acquired India-based instant grocery delivery startup Blinkit for USD568m at a reported ~USD700m valuation. Blinkit, formerly known as Grofers, is backed by Sequoia Capital, Tiger Global Management and others.… Read More
Openspace Ventures Leads USD5.1m Round for Philippines’ Lista
Openspace Ventures led a USD5.1m round for Philippines-based financial management platform Lista, with participation from various angel investors and follow-on from East Ventures, Saison Capital and 1982 Ventures. Read More
Openspace Ventures and VIG Lead USD25m Series B for Vietnam’s Finhay
Openspace Ventures and Vietnam Investment Group led a USD25m Series B for Vietnam-based digital investment platform Finhay, with participation from Insignia Ventures Partners, TVS, Headline, TNBAura and Infinity Ventures Crypto.… Read More
Owl Ventures Leads USD75m Series D for India’s Leap
Owl Ventures led a USD75m Series D for Leap, an India- and US-based fintech platform for students pursuing higher education abroad, with participation from Steadview Capital and Paramark Ventures, and… Read More
Prosus Ventures and NewQuest Capital Partners Lead USD90m Series E for India’s Cashify
Prosus Ventures and NewQuest Capital Partners led a USD90m Series E for India-based used electronics marketplace Cashify with participation from Paramark Ventures and follow-on from Blume Ventures, Bessemer Venture Partners… Read More
Uncorrelated Ventures, Abstract Ventures and Fasanara Capital Lead USD70m Series C for Singapore’s Stashfin
Stashfin, a Singapore-based neobank serving customers in India, raised a USD70m Series C with an additional USD200m in debt financing. Uncorrelated Ventures, Abstract Ventures and Fasanara Capital led, with follow-on… Read More
WestBridge Capital Leads USD153m Series C for India’s LeadSquared
WestBridge Capital led a USD153m Series C for LeadSquared, an India-based SaaS CRM platform, with follow-on from Gaja Capital and other investors, at a reported USD1b valuation. Read more here… Read More
Alpha Wave Global Leads USD40m Series B for India’s FanClash
Alpha Wave Global led a USD40m Series B for India-based e-sports platform FanClash, with participation from Sequoia Capital India, Info Edge and Polygon. Read More
India’s Shiprocket Acquires Pickrr for USD200m
India-based e-commerce shipping platform Shiprocket acquired Pickrr, an e-commerce platform for D2C brands and small retailers, for USD200m. Pickrr is backed by IIFL, Amicus Capital, Ananta Capital, Omidyar and Guild… Read More
GGV Capital, Asia Investment Capital and Goldman Sachs Lead USD300m Series C for China’s MegaRobo
GGV Capital, Asia Investment Capital and Goldman Sachs led a USD300m Series C for MegaRobo, a China-based developer of life sciences robots, with follow-on from Sinovation Ventures, Pavilion Capital and… Read More
Multiply Ventures Reaches ~USD33.3m Final Close for Early-stage India VC Fund
Multiply Ventures reached a INR2.6b (~USD33.3m) final close for its first fund, which will make early-stage investments in fintech, edtech, retail and health in India. Read More
Launch Africa Ventures Reaches USD36.3m Final Close for Early-stage VC Fund
Launch Africa Ventures reached a USD36.3m final close for its first fund. The vehicle will invest in early-stage B2B and B2B2C startups across Africa. Read More