Remitly, a US-based remittance service that targets Asian expatriates, has raised $12.5 million in a Series B funding round led by DFJ.
Consumer | 24 Mar 2015 |
India-based mobile payment provider Mosambee has raised a Series B round of funding from Rajasthan Venture Capital Fund (RVCF) and existing investor SIDBI Venture Capital.
South Asia | 24 Mar 2015 |
Indian used car trading platform Mahindra First Choice Wheels (MFCWL) has raised $15 million from Valiant Capital Management, a San Francisco-based hedge fund. It will take a minority stake in the business.
Technology | 23 Mar 2015 |
Vertex Ventures, a VC subsidiary of Singapore's Temasek Holdings, has led a funding round for online parenting portal theAsianparent, bringing the total raised by the site to S$4.5 million ($3.3 million).
Southeast Asia | 23 Mar 2015 |
Japan's Rakuten will pay $410 million to acquire US-based digital book marketplace OverDrive from Insight Venture Partners, a US private equity and venture capital firm.
North America | 20 Mar 2015 |
Chinese consumer-focused GP Tiantu Capital has invested RMB200 million ($32 million) in a Series A round of funding for Kaizhuo, a mobile app can be used to make restaurant bookings and payments.
Greater China | 20 Mar 2015 |
A Hong Kong court has supported a move by CVC Capital Partners to freeze the assets of Lan Zhang, founder of Chinese restaurant chain South Beauty, which was bought by the private equity firm last year.
Buyouts | 20 Mar 2015 |
Jasper Infotech, the VC-backed enterprise behind Indian online marketplace Snapdeal, has bought a 20% stake in QuickDel Logistics, operator of e-commerce logistics platform Gojavas.
Technology | 19 Mar 2015 |
Kedaara Capital has invested INR2 billion ($31.8 million) in India's Parkson Packaging - a maker of printing and laminated packaging cartons backed by ChrysCapital - in return for an undisclosed stake.
Consumer | 18 Mar 2015 |
KKR has teamed up with search giant Baidu and US-based hedge fund sponsor Coatue to invest $170 million in Uxin, a Chinese online used car auction company best known for B2B platform Youxinpai.
Greater China | 18 Mar 2015 |
Indonesia’s middle market is a proxy for the robust services sector, but it is difficult for investors to penetrate and deal flow has been slow in recent years. Are we are about to see more?
Southeast Asia | 18 Mar 2015 |
Despite initial local skepticism and competition from global rivals, Tokopedia has become Indonesia’s leading online marketplace, securing $100 million from SoftBank and Sequoia Capital last year. CEO William Tanuwijaya charts the journey
Technology | 18 Mar 2015
India Value Fund Advisors (IVFA) has injected a fresh $50 million in radio taxi service Meru Cab, and is understood to be in talks to invest an additional $100 million in the next two months.
Early stage | 17 Mar 2015 |
Japanese online ticketing platform Peatix has raised $5 million in a Series B round of funding led by DG Incubation, with strategic investment from SPH Media Fund and Japanese media company Sunny Side Up.
North Asia | 17 Mar 2015 |
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In 2015, China is expected to experience a "new normal of growth". For private equity investors, China's new stage of growth represents huge opportunities: an increase of 270% in online consumption, the reform of over a hundred sovereign-owned enterprises, trillion-dollar investments into overseas infrastructure projects, the rising entrance of young entrepreneurs, and many more.
To be held on 28 and 29 May, the 14th annual AVCJ China Forum 2015 in Beijing will feature these exciting topics and bring together top-notch speakers from across the world.Join the premium industrial gathering of over 300 private equity professionals, regulators and senior executives for two days of mind-provoking discussions, networking and more.
28-29 May 2015, China World Summit Wing,Beijing
There is a feeling that now is a shrewd time to invest in Japan and take advantage of the favourable conditions for private equity. Valuations are low compared with the rest of Asia and strategic buyers and the IPO market are providing an attractive route for exits. There are also signs that corporate Japan is slowly coming around to engaging PE as a potential buyer for non-core assets and recent developments at the GPIF suggest that PE will be under strong consideration for allocations from pension funds in the near future as well as regional banks committing to the asset class right now.
The macro concerns that have been present for many years still remain in terms of low growth and currency depreciation but these are encouraging times for fund managers looking to both raise capital from Japanese LPs and make investments.
245-26 June 2015, Conrad Hotel, Tokyo