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...
China healthcare-focused GP C-Bridge Capital and Tasly Holding, a traditional Chinese medicine business, have agreed to invest $150 million in a newly-created entity formed through the merger of two local pharmaceutical companies.
Kuaishou, a Chinese live-streaming video app backed by VC investors and search engine Baidu, has raised $350 million in a new round of funding led by Tencent Holdings.
The Riverside Company has completed its second deal in Malaysia as Drex-Chem Malaysia (now known as DCM Asia), the chemicals distributor it bought in 2014, acquired Erapoly Marketing.
The Carlyle Group has led an investment of more than $100 million in Indian delivery e-commerce logistics service Delhivery. Existing backer Tiger Global Management also took part in the funding round.