India-based Next Orbit Ventures (NOV) is targeting $750 million for its second fund, which will target the electronics systems design and management.
Adamas Asset Management and Ping An Trust have launched a joint venture fund with a target of $500 million to invest in growth-focused Chinese small and medium enterprises (SMEs).
Indian hyperlocal delivery service Grofers has raised $120 million in Series C funding led by SoftBank Corp.
Chinese search giant Baidu, German insurer Allianz and China-based Hillhouse Capital have formed an internet insurance company to distribute insurance products in China.
China’s social networking platform Renren has led a $22 million Series B round of funding for Shiftgig, a US mobile marketplace for short-term jobs.
Japan-based Kabuku, manager of 3-D printing service Rinkak, has closed a JPY750 million ($6.1 million) Series A round with participation by Global Brain, Dentsu Digital Holdings and Mitsui Sumitomo Insurance Venture Capital.
Northstar Group has reached a final close of $810 million on its fourth fund, which targets Southeast Asia, with a particular focus on Indonesia. Meanwhile, the firm’s VC unit, NSI Ventures, has closed its debut fund at $89 million.
Chinese social media platform Weibo Corporation has led a $200 million Series D round of funding for Yixia Technology, a Beijing-based mobile video app developer.
Mitsui & Co. Global Investment, the VC arm of Japanese conglomerate Mitsui, has invested another INR3.4 billion ($52 million) in Indian TV shopping and e-commerce platform Naaptol.
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online financial platform controlled by Ping An Insurance Group, has signed agreements with 30 domestic private investment fund managers that will see their products distributed...
India’s internet giants are becoming more acquisitive, but they still play a minor role in VC firms’ planning. To raise their influence these companies first need to stabilize their own operations
Venturra Capital, a Southeast Asia-focused VC fund sponsored by the Lippo Group, has led a $4 million Series A round for Malaysian local services marketplace Kaodim.
Ping An Ventures, a VC arm under Ping An Insurance, has led a Series D round worth $200 million for Mogujie.com, a Chinese social networking and shopping platform.
Lvyouquan.cn, a Chinese business-to-business (B2B) online travel platform, has raised RMB500 million ($78 million) in a Series B round of funding from a group of domestic investors.
Accel Partners and New Enterprise Associates (NEA) have invested $12.5 million in a Series A round of funding for Indian business training and networking platform MindTickle.
Alibaba Group has officially launched its entrepreneur funds - worth a collective $450 million - in Hong Kong and Taiwan, picking Gobi Partners and China Development Industrial Bank (CDIB) to manage the vehicles in those respective markets.
Shenzhen Qianhe Capital, an investment firm set up by former leading Chinese mutual fund manager Yawei Wang, has led a RMB300 million ($47 million) Series B round for education group Uniquedu.
Bessemer Venture Partners has led a $25 million Series B funding round for Indian local services marketplace UrbanClap.
Kalaari Capital has invested $4 million in Indian internet news and media outlet and production company ScoopWhoop.
TutorGroup, a Chinese online education platform, has raised $200 million in a Series C round of funding from new investors including GIC Private and the Russia-China Investment Fund (RCIF).
CDIB Capital, the PE arm of Taiwan’s China Development Financial (CDF), is raising a later-stage venture fund to focus on cross-strait expansion.
Bill Ferris, co-chairman and co-founding partner of CHAMP Private Equity, has been appointed chairman of Innovation Australia, an independent, government-established body with a mandate that includes supporting start-ups and venture capital.
Wepiao, a Chinese mobile app specializing in movie ticket sales, has completed a Series C round of funding worth RMB1.5 billion ($234 million) led by the government-backed Beijing Cultural Assets Chinese Film & Television Fund.
Sequoia Capital and Lightspeed Ventures have led a $34 million Series C round for Indian online ethnic products marketplace Craftsvilla.