Expedia has paid $350 million for an unspecified minority stake in Traveloka, an Indonesian online travel services company backed by a number of venture capital firms.
Telephone booth-sized karaoke units in shopping malls are the latest penchant among China's emerging middle-class millennials. A group of VCs has invested $15 million in MiniKTV to support a nationwide roll-out
IDG Capital and CASH Capital, the VC arm of the state-owned Chinese Academy of Sciences Holdings, has co-led a RMB100 million ($15 million) Series B round for Hansight, a Beijing-based cybersecurity company.
Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
FabHotels, an Indian technology-enabled budget hotel chain, has raised a $25 million Series B round led by Goldman Sachs, with participation by existing investor Accel Partners.
Chinese mobile app publisher and developer DotC United, which is backed by several VC investors, has raised a Series B round of funding worth $350 million.
Momenta, a Beijing-based start-up that develops road sensors and mapping software for self-driving cars, has raised a $46 million Series B round of funding led by NIO Capital, an investment unit of local electric-vehicle maker NIO.
IDG Capital has led a Series B round of funding worth $50 million for Epet.com, a Chinese e-commerce platform that sells pet-related food products and other services.
RentoMojo, an Indian financial technology company that facilitates rentals of furniture and other household items, has raised a $10 million Series B round led by Bain Capital Ventures and fintech entrepreneur Renaud Laplanche.
Zanroo, a Thailand-based company that uses big data analytics to offer clients real-time marketing services, has received a $7.4 million Series A funding round from domestic investor Shift Ventures.
Xingtang MiniKTV, a three-month-old Chinese start-up that operates self-service karaoke booths, has raised $15 million across three tranches of funding.
Xiaomai, a Chinese cashier-free convenience store operator much like US-based Amazon Go, has secured RMB125 million ($19 million) in funding led by Aplus Fund and Chenshan Capital.
IDG Ventures India and Jungle Ventures have jointly invested $4 million in a Series A funding round for Indian financial services company Vayana Network.
CDH Investments has led a RMB300 million ($44 million) Series B round for Yimidida, a Shanghai-based logistics services platform that focuses on rural areas.
AirTree Ventures has led a A$13 million ($10.1 million) Series B round of funding for Expert360, an Australia-based online marketplace that connects small companies with independent consultants.
Astroscale, a Singapore-based satellite technology company focused on removing hazardous debris from orbit, has raised a $25 million Series C round with participation from a number of Japanese venture firms.
Southeast Asia’s traditional banks have begun to take a strong interest in the financial technology environment, but their early-stage involvement in the ecosystem is still tentative
Singapore’s Raffles Venture Partners has led a Series A funding round for domestic travel start-up BeMyGuest that brings the company’s total equity funding to S$11.5 million ($8.4 million).
Geek+, a Chinese manufacturer of robots for use in logistics and warehousing, has received $60 million in Series B funding led by Warburg Pincus. Several existing investors, including Volcanics Ventures, also participated.
Sense Time, a Chinese artificial intelligence (AI) and deep learning technology start-up has closed a $410 million Series B round of funding across two tranches, led by CDH Investments and Sailing Capital, respectively.
GGV Capital has led a $10 million Series A funding round for Yamibuy, a US-based e-commerce player focused on Asian snacks, beauty products, health supplements and home appliances.
Cambodia, Laos and Myanmar are among the last frontier markets in Asia but well positioned to benefit from accelerating interest in the ASEAN region. Private equity success will require a nimble approach
The International Finance Corporation (IFC) has led a number of venture capital firms in a $50 million Series B funding round for Hong Kong-based financial comparison platform CompareAsiaGroup.
Verlinvest has led a INR900 million ($14 million) Series B funding round for India-based Drums Food International, the parent company of the Epigamia yogurt brand.