China consumer-focused GP Tiantu Capital has been approved to list on the National Equities Exchange and Quotation (NEEQ), also known as the New Third Board. It has raised a total of RMB2.68 billion ($420 million).
PremjiInvest - the family office of Wipro Enterprises chairman Azim Premji - and Singapore's Temasek Holdings have agreed to pay INR19.5 billion ($296 million) for a 6% stake in the life insurance unit of ICICI Bank.
Chinese ride-hailing app operator Didi Kuaidi has invested an undisclosed amount in Ele.me, a VC-backed online food-ordering platform.
CarTrade, an Indian online used car portal backed by Warburg Pincus and Tiger Global Management, has bought a majority stake in online automotive sales platform CarWale from its owner, German media conglomerate Axel Springer.
Indonesia-based venture capital firm Ideosource has committed $22 million to online electronics retailer Bhinneka.
Tencent Holdings has led a RMB200 million ($31 million) for Miss Fresh, a Chinese online grocery retailer.
SAIF Partners has participated in a $6 million Series A round for Indian start-up Fizzy Foodlabs, which operates the Chef's Basket packaged food brand.
Chinese food and beverage manufacturer Dali Foods Group, which is backed by CDH Investments, has launched a Hong Kong IPO with a target of HK$10.4 billion ($1.3 billion).
China consumer-focused GP Tiantu Capital has led a Series C round of funding for Meilapp, a mobile portal devoted to cosmetics and skincare.
The liberalization of China’s services sector represents a significant opportunity for private equity, although investors must think carefully about targeting appropriate areas and finding the right partners.
TinyOwl, an India-based mobile food-ordering platform, has raised INR500 million ($7.6 million) from existing investors Sequoia Capital and Matrix Partners.
Bolome, a Shanghai-based cross-border e-commerce platform, has raised a $30 million Series B round of funding from Chinese and South Korean investors including search engine Baidu, LB Investment, Share Capital and Chengwei Capital.
Jafco, TBS Innovation Partners and strategic investors iStyle and Excite Japan have invested JPY800 million ($6.6 million) in Open8, a Tokyo-based start-up that a video ad platform targeted at women.
Qraved, an Indonesia-based online restaurant booking platform, has secured an $8 million Series B round of funding co-led by US-based Richmond Global Ventures and China-based Gobi Partners.
Ruigang Li forged a career with Shanghai Media Group and then left to start media-focused private equity firm CMC Capital Partners. He explains why capital is entering the sector and where he sees it heading
From taxi journeys to pedicures, online-to-offline services are changing consumption channels in Asia’s emerging markets. Some leaders have emerged, but much of the sector is still up for grabs
GrabTaxi started out as an entry in business plan contest at Harvard Business School in 2011, where it placed second. Co-founder and CEO Anthony Tan explains how it has become Southeast Asia’s leading ride-hailing company
China-based travel services companies Ctrip and Baidu-controlled Qunar have agreed an all-share merger that will create a single dominant player in the domestic hotel and air ticket booking market.
PremjiInvest, the private investment firm for Wipro Enterprises Chairman Azim Premji, has invested INR2.16 billion ($33 million) in cosmetics developer Hygienic Research Institute (HRI).
SSIPL Retail, a footwear manufacturer and retailer based in India, has filed for an IPO, providing an exit for PE investor Tano Capital.
Indian coffee shop and restaurant chain Cafe Coffee Day has fixed a price for its upcoming IPO that will put the offering on course to meet its target of INR11.5 billion ($177 million).
The Carlyle Group has exited its position in Natural Beauty Bio-Technology though a management buyback, prompting a group led by the founder and chairwoman to submit a takeover bid for the Hong Kong-listed business.
GGV Capital is planning to raise up to $1.1 billion across three vehicles – a core venture fund, a top-up vehicle and an early-stage fund – that will target start-up and growth-stage technology deals in China and the US.
US venture capital firm Formation 8 has led a $15 million Series A round for Singapore-based on-demand grocery delivery start-up Honestbee.