Indian online news aggregator Dailyhunt has raised a $25 million Series D round led by ByteDance, a Chinese VC-backed online content provider.
Other participants in the round include new investor Arun Sarin, former CEO of Vodafone, as well as existing backers Sequoia Capital, Matrix Partners, Falcon Edge Capital and Omidyar Network. Dailyhunt...
Australia-based turnaround investor Allegro Funds has reached a final close on its third fund at the hard cap of A$290 million ($218 million) as well as raising A$92 million for a sidecar vehicle.
Cathay Capital Private Equity has launched a RMB1.5 billion ($227 million) China automobile sector fund with cornerstone investments from Yangtze River Industry Fund and French auto supplier Valeo.
Eight Roads Japan has led a JPY2.45 billion ($21.6 million) funding round Tokyo-based online media start-up Candee.
Baring Private Equity Asia has finalized an agreement to sell its majority stake in Korean construction materials business Halla Cement to Asia Cement.