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 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
Dragon Ball Capital and Genbridge Capital Lead ~USD86m Series A for China’s Xueji Chaohuo
Dragon Ball Capital and Genbridge Capital led a CNY600m (~USD86m) Series A for Xueji Chaohuo, a China-based retailer of roasted seeds and nuts. Read More
Jeneration Capital Leads USD10m+ Series A for China’s Vesoft
Jeneration Capital led a USD10m+ Series A for Vesoft, a China-based open-source graph database developer, with follow-on from Matrix Partners, Red Dot Ventures and Source Code Capital. Read More
Everstone Capital Acquires India’s Softgel Healthcare
Everstone Capital acquired a controlling stake in Softgel Healthcare, an India-based niche dosage manufacturer specializing in global nutraceutical, pharmaceutical and over the counter drugs, for an undisclosed amount at a… Read More
China’s Worg Pharmaceuticals Raises ~USD58m Series B Led by Junson Capital, Lapam Capital, Kaitai Capital, Puhua Capital and Anji Ruixing Capital
Worg Pharmaceuticals, a China-based biopharmaceutical company developing allergy and autoimmune treatments, raised a CNY400m (~USD58m) Series B led by Junson Capital, Lapam Capital, Kaitai Capital, Puhua Capital and Anji Ruixing… Read More
KKR Leads Investment in China’s Ruichen Pet Hospital
KKR led an investment in Ruichen Pet Hospital, a China-based veterinary hospital chain, with follow-on from Firstred Capital, for an undisclosed amount. Read More
Joy Capital Leads ~USD14m Angel Round for China’s Qidi
Joy Capital led a CNY100m (~USD14m) angel round for Qidi, a China-based tech enterprise that produces smart glasses, with participation from Matrix Partners and Meridian Capital. Read More
Affirma Capital Leads USD40m Round for India’s EPACK Durable
Affirma Capital led a USD40m round for EPACK Durable, an India-based manufacturer of air conditioners and other appliances. Read More
China’s Private Capital-backed Dingdang Health Raises ~USD51m in Hong Kong IPO
Dingdang Health, a China-based online pharmacy, raised HKD402m (~USD51m) through a Hong Kong IPO. The company is backed by investors including TPG, Orbimed Healthcare Fund Management, Softbank China Venture Capital… Read More
Baring Private Equity Asia Reaches USD11.2b Final Close for Fund VIII
Baring Private Equity Asia reached a USD11.2b final close for Fund VIII, which targets control investments in Asia-Pacific region across healthcare, technology services, business services, education, financial services, consumer and… Read More
Rukam Capital Leads USD3m Series A for India’s Beco
Rukam Capital led a USD3m Series A for Beco, an India-based startup that produces eco-friendly consumer goods, with participation from Priyavrata Mafatlal, Better Capital, Prashant Pittie and Titan Capital. Read… Read More
Matrix Partners Leads USD10m Equity and Debt Round for India’s ZippMat
Matrix Partners led a USD10m equity and debt round for ZippMat, an India-based construction supply chain platform. Read More
British International Investment Leads USD15m Series B for India’s Akshayakalpa Organic
British International Investment led a USD15m Series B for Akshayakalpa Organic, an India-based certified organic dairy enterprise, with participation from Rainmatter and Venture Dairy. Read More