Eu Yan Sang International invests in Chien Chi Tow Healthcare
Singapore-headquartered health and wellness company Eu Yan Sang International (EYSI) has announced its investment in Chien Chi Tow Healthcare (CCTH), a healthcare company specializing in traditional Chinese medicine. The financial details of this deal remain undisclosed.
According to a statement released by EYSI, the company’s decision to invest in CCTH reflects its ambition to expand its health and wellness offerings to more consumers.
Its representatives will join CCTH’s board to actively participate in the growth of both brands, with the goal of bringing together the capabilities of both companies, including Madam Partum, a subsidiary of CCTH.
“Joining forces with Eu Yan Sang International, a company I have long admired, is both an honor and a pivotal moment for Chien Chi Tow Healthcare. This collaboration not only validates our decades of dedication to traditional Chinese medicine but also opens up a horizon of new possibilities,” said Lim Choon Huat, founder of CCTH.
Roller secures USD 50 million in Series A round
The Australia-based venue management software company has raised USD 50 million in a Series A funding round led by Insight Partners. The round also saw participation from Roller’s existing investors including Acadian Software, RBC Capital Markets, and SBA Law.
Roller will allocate the funds toward the development of its platform and services, enabling its users to deliver better guest experiences and drive business growth.
Phantm raises USD 2 million in oversubscribed seed round
The Melbourne-based plastic reduction platform has raised USD 2 million in an oversubscribed seed round. Blacknova VC, Salus Ventures, and CoVentures VC jointly made the investment.
Phantm plans to utilize the funds to advance its mission of helping businesses “deplastify,” with the ambition to expand beyond the Australian market into Asia, Europe, and North America to support regions with significant plastic consumption and limited recycling infrastructure. —Business News Australia
Recent deals completed in China:
- Bang Er Orthopedic, an orthopedic hospital chain, has secured over RMB 800 million (USD 109.8 million) in a pre-IPO funding round led by Xiamen C&D. The round also drew the participation of Lake Bleu Capital, October Capital, and GY Capital, while Sunshine Insurance Group and China Pacific Insurance Company also took part in the round via their subsidiaries. Bang Er will use the funds to accelerate its digital transformation, expand its domestic market presence, and hire new talent. —DealStreetAsia
- Junlebao Dairy Group, one of China’s leading dairy enterprises, has acquired a 30% stake in yogurt drink chain More Yogurt. The financial details of this deal remain undisclosed. —DealStreetAsia
- Chinese snack brands Lingshi Henmang and Zhao Yiming Snacks have completed a merger. Yan Zhou, founder of Lingshi Henmang, will assume the role of chairman in the merged entity. Both brands will continue to operate independently following the completion of this merger. —36Kr
- SunionTech, a semiconductor wafer producer, has completed a Series A funding round, securing a nine-figure RMB sum. The round was jointly led by Gree and Leaguer Capital. The funds will primarily be used to mass produce its wafer products, expand its team, and enhance its R&D processes. —36Kr
- RayTech, a computer-aided engineering (CAE) software developer, has raised an eight-figure RMB sum following the completion of a Series A funding round. Zhangjiang Technology Venture Capital led the round with the participation of Richen Capital. RayTech will use the funds primarily to expedite the development of software modules and implement solutions applicable to a variety of manufacturing sectors, including aviation, shipbuilding, nuclear energy, and automaking. —36Kr
- Zhonghuan Bochuang, an edtech platform, has completed an angel funding round, raising RMB 10 million (USD 1.37 million). The round was led by Zhongqing Investment Holding Group. —36Kr
Latest venture capital deals in India:
- InCred Finance, the lending arm of financial services provider InCred Group, has announced the completion of its Series D funding round, raising INR 5 billion (around USD 60 million). —VCCircle
- Bharat Housing Network, a housing finance platform, has raised USD 15 million in a Series A funding round led by Nabventures Fund. The round also saw participation from Varanium NexGen Fund, Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nueva, and other investors. The platform will use the funds to expand its portfolio of mortgage assets and bolster its tech infrastructure. —VCCircle
- Snaptrude, a Bengaluru-based building design software company, has raised USD 14 million in a Series A funding round from Foundamental and Accel. The company will utilize the funds to facilitate its go-to-market strategy, recruit skilled professionals, and expand its product and engineering teams. —VCCircle
- Natch, a Mumbai-based D2C snack brand, has secured INR 30 million (USD 360,000) in a seed funding round led by Artha Venture Fund. The DSP Family Office participated in the round. Natch will channel the capital toward various strategic initiatives, including expanding its omnichannel presence, enhancing its distribution channels, ramping up its marketing efforts, and investing in product development. —VCCircle
- Euphoric Beverages, the operator of cocktail brand O’ Be Cocktails, has raised an undisclosed amount of funding in a pre-Series A funding round, with Inflection Point Ventures leading the investment. The Bengaluru-based startup aims to utilize the capital for talent acquisition and market expansion. —VCCircle
- Regency Health, a Kanpur-based hospital operator and health tech company, has secured INR 4.5 billion (USD 54 million) in a funding round led by Norwest Venture Partners. It will use the funds to expand its bed capacity and further expand its footprint in the state of Uttar Pradesh. —CNBC
- Cappella Educore, a Hyderabad-based edtech platform managed by JV Ventures, has secured an equity commitment of USD 200 million from Alta Capital. —The Economic Times
BondbloX, OxPay Financial, 01.AI and more led last Friday’s headlines:
- BondbloX, a Singapore-based fintech company has raised USD 6 million in a Series B funding round. Beacon Venture Capital, the corporate venture arm of Thailand’s Kasikornbank, took part in this round alongside existing shareholders MassMutual Ventures, Citigroup, Potato Productions, and Octava.
- OxPay Financial, a Singapore-based financial services provider, acquired a 45% stake in Diners Payment Indonesia (DPI), an Indonesian payment processing company, for USD 1.08 million.
- 01.AI, a Chinese AI startup, achieved unicorn status within just eight months of operation by reaching a valuation of over USD 1 billion in its latest funding round.
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