Indian Angel Network (IAN) and Sequoia Capital have become shareholders in VC-backed XinLab, which operates under the brand Vuclip, following its acquisition of mobile video start-up Jigsee in an all-stock deal.
The details of the transaction have not been disclosed. Sequoia and IAN had been early investors in Jigsee in 2011 when the company raised just over $1million. IAN president Padmaja Ruparel told Techcircle it...
Zoomlion Heavy Industry Science and Technology, a China-based construction machinery maker, has launched an industry PE fund with an overall target of RMB3.21 billion ($481 million).
Goodwater Capital and Qualcomm Ventures have led a $23.7 million Series B funding round for South Korean financial technology provider Viva Republica.
CAC Capital Management, a China-based private equity firm, has agreed to buy the local power cables business of Denmark-headquartered industrial conglomerate NKT for an enterprise value of EUR14.3 million ($16 million).
Australian life sciences and technology-oriented venture capital firm OneVentures has committed A$8 million ($6.1 million) to Melbourne-based Murdoch Childrens Research Institute (MCRI).