Sequoia Capital and Kalaari Capital have committed $10 million in Series B funding to Indian start-up Cryptopy Technologies, the developer of rental property listing platform Grabhouse.
Rival Chinese online-to-offline (O2O) services platforms Dianping and Meituan – both of which have received substantial private equity and strategic funding – have agreed to merge. It is thought the combined entity would be worth at least $15 billion.
Lighthouse Funds has reached a final close on its second Indian mid-market focused fund at $138 million, well above the $125 million target.
Motilal Oswal Private Equity (MOPE) has invested INR900 million ($13.8 million) in Indian mattress maker Kurlon Enterprise.
Singapore-based personal finance portal MoneySmart has raised S$2.8 million ($2 million) in a Series A round led by Singapore Press Holdings (SPH) Media Fund, with participation by Convergence Ventures, OPT SEA and Golden Gate Ventures.
Monde Nissin's acquisition of Quorn Foods from Exponent Private Equity reflects the growing interest among Philippines conglomerates for overseas assets
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Peepul Capital has committed $15 million to Indian online jewelry and accessory retailer Voylla.
Gaja Capital has committed INR650 million ($10 million) to Indian fitness education start-up Junior Sports and Services, which manages the SportzVillage brand.
Philippines food conglomerate Monde Nissin has agreed to buy Quorn Foods from UK-focused GP Exponent Private Equity and Intermediate Capital Group (IGC) at an enterprise valuation of GBP550 million ($835 million).
Indian security software developer Quick Heal Technologies and dairy firm Parag Milk Foods have filed for IPOs, seeking INR2.5 billion ($38 million) and INR3.25 billion, respectively. Parag has also raised an additional INR600 million from existing backer...
Singapore media conglomerate MediaCorp will take an equity stake in VC-backed French skincare brand Crème Simon in return for providing the company with advertising services.
Daraz gets $55 million to build out its online retail marketplace in Pakistan, Bangladesh and Myanmar
Consumer-focused GP Tiantu Capital has led a Series B round of funding for Mei Jia Bang, a Chinese start-up that provides online interior design solutions.
Comcast Corp. has agreed to pay JPY183 billion ($1.5 billion) for a 51% stake in Universal Studios Japan (USJ), a theme park operator controlled by MBK Partners, Goldman Sachs, PAG, and US hedge fund Owl Creek Asset Management.
VLCC, an Asian health and beauty brand backed by Everstone Capital, has filed for an IPO in India. The private equity firm will exit about 45% of its holding through the offering.
TVS Capital Funds has bought a 7.6% stake in recently-listed milk products manufacturer Prabhat Dairy, for INR850 million ($12.9 million).
Chinese fruit store chain Pogola has completed a RMB400 million ($63 million) Series A round of funding, with consumer-focused GP Tiantu Capital contributing RMB350 million.
CDC Group, the UK development finance institution, has invested EUR50 million ($55 million) in Daraz, an online retailer operating in Pakistan, Bangladesh and Myanmar.
Insight Venture Partners and Lead Edge Capital have led a $200 million Series D round for French ride-sharing start-up BlaBlaCar to fuel its push into emerging markets.
Chinese search provider Baidu has led a $150 million Series D round of funding for Mia.com, a local childcare-focused e-commerce platform. The two companies have also agreed a strategic partnership.
China-based ride-hailing app operator Didi Kuaidi has invested $100 million in US counterpart Lyft as part of a strategic alliance between that will allow each company to use the other’s services.
FountainVest Partners has led a $223 million Series C round of funding for Chinese online real estate services platform Fangdd.com.
Vertex Ventures and Sinar Mas Digital Ventures have led a $12 million funding round for Indonesia-based online grocer HappyFresh.