Oyo Rooms, an India-based budget hotel booking app backed by SoftBank Corp. and other VCs, has acquired industry rival Zo Rooms, which counts Tiger Global Management as an investor.
Singapore-based IMJ Investment Partners has raised JPY2 billion ($17.7 million) for a venture capital fund that will back start-ups in Japan. The full target is JPY6 billion.
Emerging markets property portal Lamudi has raised EUR29 million ($31.4 million) from its main backer, Germany's Rocket Internet, and several additional investors.
SBI Investment, the VC arm of Japan's SBI Holdings, has agreed to lead a Series B round for US-based bitcoin exchange Kraken.
New York-based adaptive learning system developer Knewton has raised $52 million from a consortium of investors including EDBI - the corporate VC arm of Singapore's Economic Development Board - and Chinese education company TAL Education Group.
Dada Bus, a mobile-enabled provider of bus services in China, has raised RMB173 million ($26 million) in a round led by a Shenzhen-listed construction materials manufacturing company.
Chinese internet giant Alibaba Group has led a $793.5 million Series C round for Magic Leap, a Florida-based augmented and virtual reality (VR) technology developer.
China Merchants Bank has led a $102 million Series C round of funding for Boqii.com, a Chinese social network and e-commerce platform for pet owners.
Wipro Ventures, the strategic investment arm of Indian technology company Wipro Group, has led a $4 million Series A round for internet development platform provider Altizon Systems.
Hong Kong ranks low in a new study of global start-up ecosystems, but has the potential to fly high. A mixture of policy, patience and positive attitude is required
India’s government has made promising signals about its willingness to engage the venture capital community. GPs are optimistic, but reservations remain about the details
Having raised $459 million for its latest venture capital fund, SBCVC is tracking the latest developments in China technology with a focus on robotics and advanced industrial applications
Innovation Works, a Chinese early-stage VC firm founded by ex-Google China head Kai-Fu Lee, has been approved to list on the National Equities Exchange and Quotations (NEEQ), an over-the-counter (OTC) market also known as the New Third Board.
Hong Kong's start-up ecosystem is expanding rapidly from a low base and was the fifth fastest-growing ecosystem globally last year, according to a new report.
Venturra Capital has led a $12 million Series A round for Malaysia-based gym membership app KFit.
We Doctor Group, a Chinese online healthcare information portal formerly known as Guahao.com, has raised a further $20 million from Shanghai-listed property developer Shandong Tyan Home.
Sequoia Capital has closed its latest India fund – which has a minority allocation to Southeast Asia – at $920 million, comprising an $875 million institutional corpus and a GP commitment of $45 million.
Adagene, a China-based life sciences company focused on smart antibody technology, has raised a $28 million Series B round led by GP Healthcare Capital, the medical-focused subsidiary of China's GP Capital.
Everbright ReinFore, a private equity arm under China Everbright Group, has led a Series B round of funding for Huasheng Finance, a Chinese online lending platform.
Rakuten Ventures, the corporate VC arm of Japanese e-commerce giant Rakuten, has launched a JPY10 billion ($84 million) fund targeting start-ups in Japan.
The Shanghai government has proposed new measures to compensate early-stage investors’ for financial losses incurred by investing in local start-ups.
Singapore-based Jungle Ventures, which is currently raising its second fund, has strengthened its management team with the appointment of a new CFO, director of corporate development, and head of finance.
Global Brain, Infinity e.Ventures and Project A Ventures have committed $7 million in Series A funding to Singapore-based adtech company Eyeota.
Nissay Capital has invested $1.7 million in Series A funding in Japanese workplace chat app Oneteam.