Ocean Link, which claims to be the first PE firm dedicated to investing in China’s travel and tourism sector, has received backing from General Atlantic and domestic online travel agency Ctrip.
New Zealand’s Spotlight Reporting, a cloud-based accounting services provider, has received NZ$5 million ($3.6 million) in Series A funding from investors including the Global from Day One (GD1) Fund II.
Net1, a NASDAQ-listed payment services provider with a presence in South Africa and Korea, has committed $40 million to Mobikwik, an Indian mobile wallet start-up that has received several rounds of VC funding.
Testin, a China-based mobile app testing service provider, has completed a $30 million round of funding led by an undisclosed US dollar-denominated venture fund.
Monk's Hill Ventures and Kickstart Ventures, a unit of Philippines telecommunications company Globe Telecom, have invested in Manila-based real estate marketplace ZipMatch.
Ebaoyang, a Chinese on-demand car maintenance services provider, has received an initial RMB150 million ($23 million) for its Series C round from One Capital and existing investor Source Code Capital. The round has yet to close.
Chinese mobile healthcare services provider Shanghai KingYee and its independent unit Quyiyuan - which operates a medical services booking app - have raised a combined RMB313 million ($47 million) in their latest rounds of funding.
Singapore private equity firm ESW Manage has led a S$6 million ($4.4 million) Series B round of funding for domestic financial technology company MC Payment.
IDG Capital Partners and the chairman of KongZhong Corporation have submitted a revised take-private bid for the US-listed Chinese online game developer worth approximately $338 million.
Gobi Partners and Kaitai Capital have jointly led a RMB95 million ($14 million) Series A round of funding for Momfo, a Chinese property financing platform.
The investment arm of Singapore's Economic Development Board (EDBI) has made an undisclosed commitment to an Asia Pacific expansion drive by US-based analytics company RetailNext.
Ford Motor Company has led a $24 million Series B round of funding for India-based car rental start-up Zoomcar, alongside existing investors Sequoia Capital, Nokia Growth Partners (NGP) and Empire Angels.
Singapore-based digital payments services company Coda Payments has closed a $2 million round of funding with participation from Japan’s IMJ Investment Partners.
Insta360, a Shenzhen-based virtual reality (VR) camera maker backed by several VC investors, has received an undisclosed sum of funding from Chinese electronics retailer Suning Commerce Group.
Innovation Network Corporation of Japan (INCJ) has committed to invest up to JPY700 million ($7 million) in a fresh round of funding for domestic industrial materials specialist Nakayama Amorphous.
VIPKID, an English-language learning platform that connects North American teachers with students in China, has received an undisclosed investment from Bryant Stibel, a new VC firm launched by retired NBA star Kobe Bryant and his partner Jeff Stibel.
Korean e-commerce start-ups have seen breakthroughs in fundraising over the last few years, but investors are already concerned about the future of the industry
Chinese mobile internet company and photo app provider Meitu has filed for a Hong Kong IPO, offering potential exits to investors including IDG Capital Partners and Qiming Venture Partners.
Indian recruitment companies Kelly Services India and Temp Holdings have launched a INR670 million ($10 million) venture capital fund focused on human resources-focused start-ups.
Jaganath Swamy, a vice-president at HarbourVest Partners, has left the firm to join Good Parents, a health and wellness-focused start-up based in San Francisco and Hong Kong.
Brand Capital, an investment arm of The Times Group, has invested INR1.3 billion ($19 million) in Indian online classifieds services provider Quikr.
Singapore's Temasek Holdings has exited its stakes in Bharti Airtel and Intouch, telecommunications service providers based in India and Thailand respectively, to Singapore Telecommunications (SingTel) for a total of S$2.5 billion ($1.8 billion).
An investor consortium that includes several private equity firms has withdrawn their take-private offer for Chinese mobile dating app Momo.
Chinese online finance platform Lancai.com has raised a RMB180 million ($27 million) Series B round of funding led by Leshi Internet Information & Technology, also known as LeEco. Existing investor Legend Capital also participated.