We show that a general semi-annihilation scenario, in which a pair of dark matter (DM) particles annihilate to an anti-DM, and an unstable state that can mix with or decay to standard model states, can lead to particle anti-particle asymmetry in the DM sector. The present DM abundance, including the CP-violation in the DM sector and the resulting present asymmetry are determined entirely by a single semi-annihilation process at next-to-leading order. For large CP-violation in this process, we find that a nearly complete asymmetry can be obtained in the DM sector, with the observed DM density being dominated by the (anti-)DM particle. The presence of additional pair-annihilation processes can modify the ratio of DM and anti-DM number densities further, if the pairannihilation is active subsequent to the decoupling of the semi-annihilation. For such a scenario, the required CP-violation for generating the same present asymmetry is generically much smaller, as compared to the scenario with only semi-annihilation present. We show that a minimal model with a complex scalar DM with cubic self-interactions can give rise to both semi-and pair-annihilations, with the required CP-violation generated at oneloop level. We also find that the upper bound on the DM mass from S-matrix unitarity in the purely asymmetric semi-annihilation scenario, with maximal CP-violation, is around 15 GeV, which is much stronger than in the WIMP and previously considered asymmetric DM cases, due to the required large non-zero chemical potential for such asymmetric DM.