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.
Morningside Venture Capital, a VC firm set up by Hong Kong’s Chan family – owners of property developer Hang Lung Group – has closed its fourth China-focused fund at $660 million.
CMC Capital Partners, a China-focused PE firm that specializes in media and entertainment investments, has agreed an RMB8 billion ($1.3 billion) deal to broadcast matches in China’s domestic football league.
EDBI, the corporate investment arm of the Singapore Economic Development Board, has joined a Series C round of funding for US-based online education provider Coursera.
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
Asia accounts for one fifth of the global tech sector’s unicorn population as companies raise larger rounds at ever higher valuations. But as investor sentiment weakens, some of these behemoths should be concerned
Tiger Global has led a $9 million Series A round for India-based online payment gateway RazorPay, with participation by Matrix Partners.
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.
Healthcare focused investment firm OrbiMed has led a $50 million round of funding for Indian online drug marketplace Netmeds.
Matrix Partners and Lightspeed China Partners have committed $13 million in extended Series A round of funding to 123Feng.com, a Chinese start-up provides delivery services for e-commerce and food-ordering platforms.
Tuhu, a Chinese B2C auto services platform, has raised $50 million in an extended Series C round of funding led by Hillhouse Capital.
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.
Taikang Life Insurance has led a $220 million Series C round of funding for Womai.com, an online grocery shop under Chinese state-owned food conglomerate COFCO, valuing the company at approximately $1 billion.
US venture capital firm Formation 8 has led a $15 million Series A round for Singapore-based on-demand grocery delivery start-up Honestbee.
Opinio, a hyperlocal delivery start-up based in India, has raised $7 million in a Series A round led by Indian logistics firm Delhivery. Sands Capital Ventures and existing investor Accel Partners also participated.
Vertex Ventures’ China team recently raised their first fund independent of the Singapore parent. Managing Director Choon Chong Tay explains the organizational changes and discusses the team’s investment strategy
Singapore Post buys TradeGlobal from Bregal Sagemount as part of a push from traditional mail delivery and into global e-commerce
KKR joins Alibaba Group and Ping An Group in backing 58 Daojia, an online-to-offline local services platform that is tipped to match Didi Kuaidi and Dianping-Meituan for size
The proposed acquisitions of online video platform Youku Tudou by Alibaba could be a crucial move in the battle for content being contested by China's internet giants