Asia 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
Catherine O’Connor, Research Analyst
Essa Saifie, Research Analyst
Asia Research
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
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
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
Sequoia Capital, Think Investments, Elevation Capital and Beenext Lead USD31m Series B for India’s FloBiz
FloBiz, an India-based mobile billing app for distributors, wholesalers, traders and retailers, raised a USD31m Series B led by Sequoia Capital India, Think Investments and existing investors Elevation Capital and… Read More
SoftBank, Tencent, DST Global, Alpha Wave, Others Invest USD450m Equity & Debt in India’s Cars24
India-based auto resale marketplace Cars24 raised USD450m in equity and debt funding from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubation and others. The first tranche, a USD259m round… Read More
Advent to Acquire Controlling Stake in India’s Eureka Forbes for USD597m
Advent International agreed to acquire a controlling stake in India-based consumer electronics company Eureka Forbes for USD597m. Read More
Monk’s Hill Leads USD2.6m Pre-Series A for Vietnam’s CoderSchool
Monk’s Hill Ventures led a USD2.6m pre-Series A for Vietnam-based coding school CoderSchool, with participation from XA Network and iSeed Ventures and follow-on from Iterative. Read More
Warburg Leads USD93m Series B for China’s Terminus
Warburg Pincus led a USD93m Series B for China-based enterprise software company Terminus, with follow-on from Sequoia Capital China and Alibaba Cloud. Read More
STIC Investments Leads USD100m Round for Singapore’s Carousell
STIC Investments led a USD100m round for Singapore-based online classifieds marketplace Carousell at a reported USD1.1b valuation. Read More
Hong Kong’s Prenetics to Go Public Via SPAC Merger With Artisan Acquisition
Hong Kong-based genomic and diagnostic testing company Prenetics agreed to list on the Nasdaq via a merger with SPAC Artisan Acquisition Corp in a transaction that values the company at… Read More
Alibaba Leads USD300m Series B for China’s DeepRoute.ai
Alibaba led a USD300m Series B for China-based autonomous driving technology developer DeepRoute.ai, with participation from Jeneration Capital and follow-on from RZ Capital, Yunqi Partners and Glory Ventures. Read More
Accel, Avataar, Norwest VP and Premji Invest USD100m in India’s Amagi; Emerald Media and Mayfield Fund to Exit
Accel, Avataar Ventures, Norwest Venture Partners and Premji Invest invested USD100m in Amagi, an India-based media SaaS platform, providing an exit for Emerald Media and Mayfield India. Read More
Tiger Global Leads USD150m Series C for Indonesia’s Xendit
Tiger Global led a USD150m Series C for Xendit, an Indonesia-based payments infrastructure provider for businesses, with follow-on from Accel, Amasia and Justin Kan’s Goat Capita, at a reported USD1b… Read More
Jungle Ventures and CX Partners Lead USD24m Series C for India’s BetterPlace
CX Partners and returning investor Jungle Ventures led a USD24m Series C for India-based workforce management platform BetterPlace, with participation from CDC Group and Capria Ventures, and follow-on from Unitus… Read More
Square Peg Leads USD35m Investment in Indonesia’s Pluang
Square Peg led a USD35m round for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from SIG and UOB Venture Management and follow-on from Go-Ventures and… Read More