China’s Shunwei Capital Partners has made its first investment in India, contributing $3 million to the second tranche of a Series A round for used car trading platform Truebil.
Operated by Paix Technology, Truebil was founded in March 2015 by former employees at property portal Housing.com and online lifestyle store Fab.com. It connects car-owners to prospective buyers, relying...
Sequoia Capital China has co-led a funding round for online reading business Zongheng Literature, working in tandem with Perfect World, the Chinese movies-to-gaming company that controls Zhongheng.
Rahul Chandra, co-founder and managing director at India-based Helion Venture Partners, is looking to raise $100 million for an early-stage fund. He will retain his existing portfolio management responsibilities at Helion.
The disruption caused by technology in China's consumer and business services sectors - and the change this brings to traditional business models - is generating increased deal flow for private equity and venture capital investors.
Bain Capital Credit (BCC) has agreed to buy a portfolio of Chinese non-performing loans (NPLs) worth approximately $200 million, reflecting the growing interest from foreign investors in the country’s distressed debt space.