Venture
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China K-12 education app Zuoyebang raises $60m Series B
Zuoyebang, a K-12 focused education mobile app that spun out from Chinese online search engine Baidu, has raised a $60 million Series B round co-led by GGV Capital and Xiang He Capital, a new VC firm set up by a former executive at Baidu.
China recruitment app Boss Zhipin raises $28m
Boss Zhipin, a Chinese recruitment app, has raised a $28 million Series C round across two tranches of funding.
Unitus joins Series B for India's Leaf
US-based venture capital fund Unitus Impact has joined a Series B round for Indian produce logistics firm Lawrencedale Agro Processing, operator of the fruit and vegetable brand Leaf.
Singapore's UOB backs $72m Series C for OurCrowd
Singapore-based UOB Group has joined a $72 million Series C round for Israeli equity crowdfunding platform OurCrowd.
India's Pepperfry gets $31m Series E round
Indian online furniture marketplace Pepperfry has raised a $31 million Series E round from a group of investors including Norwest Venture Partners, Bertelsmann India Investments, Zodius Technology Fund and Goldman Sachs.
Chinese credit card management app raises $310m Series C
U51.com, a Chinese credit card management mobile app, has raised a $310 million Series C round led by A-share listed property developer Xinhu Zhongbao and domestic VC firm Tiantu Capital.
Qiming backs China rehabilitation services provider
Qiming Venture Partners has invested an undisclosed sum in LIH Investment & Management, a Beijing-based healthcare company that specializes in providing rehabilitation services.
India's VC-backed Citrus Pay sold to Netherlands strategic
Citrus Pay, an India-based online and mobile payment solutions developer backed by Sequoia Capital, Ascent Capital and Beenos, has been acquired by Netherlands-based rival PayU.
Blackbird, Felicis invest $15m in Australia’s Canva
Canva, an Australian online design platform, has raised a $15 million round of funding led by existing investors Felicis Ventures and Blackbird Ventures.
Taiwan regulation: Forward views, sideways moves
The Taiwan government is attempting to reconcile its conservative tendencies with a need for innovation as the local venture capital industry marks mixed progress in filling an early-stage vacuum
Filipino rise demands a sharper focus – AVCJ Forum
Increased competition for private equity deals in the Philippines means investors must be more disciplined in their approach to transactions, according to industry participants at the AVCJ Philippines Forum.
Hera, DSG invest $4m in Singapore's SaladStop
Hera Capital and DSG Consumer Partners have committed S$5 million ($3.7 million) for a minority stake in Singapore-based restaurant chain SaladStop.
Australia VC: Interesting times
AirTree Ventures' successful fundraise underlines the growth interest in Australian venture capital, but the superannuation funds have yet to prove themselves to be a consistent source of capital
Australian marketing platform raises $7.5m for US expansion
Simple, an online marketing platform based in Australia, has raised A$10 million ($7.5 million) to support its expansion in the US.
Australia's H2 Ventures taps public markets for fintech vehicle
Australia's H2 Ventures plans to raise up to A$55 million ($42 million) through an IPO for a dedicated unit that will make early and growth-stage investments in global financial technology start-ups.
Indian government commits $75m to domestic start-ups
The Indian government has made a fresh INR5 billion ($75 million) commitment to its Startup India campaign, which aims to drive bank financing for early-stage companies while offering workshop and incubator services.
India's InnoVen invests $6m in Capillary, Simplilearn
Indian venture debt firm InnoVen Capital has committed a total of $6 million in structured debt financing to cloud-based software provider Capillary Technologies and educational technology start-up Simplilearn.
Hong Kong's WeLab gets $25m credit facility from ING
ING Bank has extended a $25 million credit facility to Hong Kong’s WeLab, a private equity-backed mobile lending and credit analytics platform.
Wanderlust: PE taps into China's tourism boom
Ocean Link is China’s first private equity firm dedicated to investing in the travel and tourism industry. Can it successfully leverage an increasingly wealthy, free-spending and far-traveling domestic user base?
China online tourism operator Joyu Culture raises $150m
Shanghai Joyu Culture Communication, which operates Chinese VC-backed tourism booking site Lvmama.com, has raised RMB1 billion ($150 million) through a private placement on the National Equities Exchange and Quotations (NEEQ), also known as the New Third...
Deal focus: Ambit backs digital media transformations
Prime Focus Technology develops systems that ease the burden on media providers struggling with the demands of a digital age. New investor Ambit Pragma will help the company expand its reach
China overseas car rental platform raises $22m
Yitu8.net, an overseas car rental platform for Chinese outbound travelers, has raised a RMB150 million ($22 million) Series B round led by Sanhua Holdings, a Chinese refrigeration and air-conditioning components manufacturer.
China mobile app testing platform Testin raises $30m
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, Kickstart invest in Philippines-based ZipMatch
Monk's Hill Ventures and Kickstart Ventures, a unit of Philippines telecommunications company Globe Telecom, have invested in Manila-based real estate marketplace ZipMatch.