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, Research
Essa Saifie, Research Analyst, Research
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’s annual Trends in Global Tech report traces venture capital flows across Africa, India, China, Southeast Asia, Latin America, Central and Eastern Europe and the Middle East. With VC representing… 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
Mitsubishi Corporation and Mizuho Leaguer Investment Lead ~USD28m Pre-Series A Extension Round for China’s Ruiyun Cold Chain
Mitsubishi Corporation and Mizuho Leaguer Investment led a CNY200m (~USD28m) pre-Series A extension round for Ruiyun Cold Chain, a China-based cold-chain services platform, with follow-on from Panlin Capital, Qingsong Fund,… Read More
Vertex Ventures Leads ~USD14m Angel Round for China’s PrimeLink
Vertex Ventures led a ~CNY100(~USD14m) angel round for PrimeLink, a China-based developer of antibody drug conjugates, with participation from Kaitai Capital and Fosun Pharma. Read More
H&Q Korea Leads USD37m Series C for South Korea’s Laundrygo
H&Q Korea led a USD37m Series C for South Korea-based laundry service Laundrygo, with participation from KB Securities, Hanwha Securities, Badgers Investment, Pebbles Investment and Musinsa, and follow-on from SoftBank,… Read More
Vision Plus Capital Leads ~USD14m Series A for China’s Eagleyun
Vision Plus Capital led a ~CNY100m (~USD14m) Series A for Eagleyun, a China-based enterprise network security solutions provider, with participation from Sequoia China. Read More
Lightspeed China Partners Leads ~USD14m Series A for China’s DAISCH Intelligent Technology
Lightspeed China Partners led a ~CNY100m(~USD14m) Series A for DAISCH Intelligent Technology, a China-based navigation system developer for autonomous vehicles. Read More
Hikvision Leads ~USD14m Series A for China’s enovate3D
Hikvision led a CNY100m (~USD14m) Series A for enovate3D, a China-based 3D printing technology developer, with follow-on from Sequoia China and Walden International. Read More
QED Investors Leads USD5m Pre-Series B for Indonesia’s Pashouses
QED Investors led a USD5m pre-Series B for Pashouses, an Indonesia-based real estate marketplace. This is QED’s first known investment in Southeast Asia. Read More
SoftBank Sells 4.5% Stake in India’s Paytm for ~USD200m
SoftBank sold a 4.5% stake in India-based payments app Paytm for INR16.3b (~USD200m) on the NSE. The sale follows the end of one-year mandatory lock-in for pre-IPO investors in Paytm.… Read More
Lightrock Leads USD33m Series B for India’s BeatO
Lightrock India led a USD33m Series B for BeatO, an India-based diabetes monitoring app, with participation from HealthQuad and Flipkart, and follow-on from Blume Ventures, Orios Venture Partners, Leo Capital,… Read More
Temasek and Alibaba Lead USD40m Series A+ for China’s YAHAHA
Temasek and Alibaba led a USD40m Series A+ for YAHAHA, a China-based metaverse platform for game developers, with participation from 37 Interactive Entertainment. Read more here and h Read More
GSV Ventures Leads USD45m Series E for India’s Simplilearn
Simplilearn, an India-founded, US-based professional upskilling platform, raised a USD45m Series E led by GSV Ventures, with participation from Clal Insurance and DisruptAD. Blackstone acquired a controlling stake in 2021.… Read More
Blackstone To Take India’s R Systems Private for ~USD359m
Blackstone agreed to acquire a 52% stake in India-listed IT services company R Systems from company management. The agreement triggered an offer to delist the company for a total transaction… Read More