Thailand's Siam Commercial Bank (SCB) has formally announced a financial technology investment strategy aimed at improving customer experience while encouraging domestic start-ups to keep up with changes in the global market.
Bertelsmann India Investments has led a INR1.12 billion ($17 million) Series B round of funding for Indian budget hotel chain Treebo.
Rocket Internet and Sweden's AB Kinnevik have committed another EUR30 million ($33 million) to emerging markets-focused online fashion portal Global Fashion Group (GFG).
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $15 million investment in Indian education start-up Byju’s.
L Capital Asia – the private equity arm of luxury goods giant LVMH – has acquired a minority stake in Clio Cosmetics, a South Korea-based color cosmetics manufacturer, for an undisclosed sum.
China Growth Capital has led a $10 million Series B-plus round of funding for Austria-based media company Juzi Entertainment. It brings the Series B to $25 million overall.
China’s PGA Venture Partners has led a $4.5 million Series A round of funding for Hong Kong-based financial services software provider Quantifeed.
Japan’s SBI Investment has led a $17.5 million Series B funding round for Thailand-based online payment services provider Omise.
CDC Group, the UK government-owned development finance institution (DFI), has agreed to invest INR10 billion ($149 million) in IIFL Holdings’ non-banking finance company (NBFC) India Infoline Finance.
Henry Kravis, co-founder of KKR, emphasized the importance of Asia’s rising middle class and the diversification of his firm’s investment approach as continued volatility globally is likely to deliver both uncertainty and opportunity.
New Zealand-listed health food and supplements producer Oceania Natural has secured HK$19.5 ($2.5 million) from a group of domestic and Chinese investors for the establishment of a Hong Kong subsidiary.
Hermed Capital Healthcare Fund, a PE vehicle managed by Shanghai Fosun Pharmaceutical Group and Korea’s SK Group, has committed $4 million to a China expansion drive by US-based Diamedica.
TPG Capital’s growth investment arm has paid $33 million for a significant majority stake in Rhea Healthcare, which operates a network of mother and child care centers in India under the Motherhood brand.
US-based 500 Startups has received $8.3 million in LP commitments for its Thailand-focused early-stage fund 500 TukTuks after expanding its targeted scope on the back of increased investor interest.
GSR Ventures has participated in a $70 million financing round for Protean Electric, a US automobile equipment developer with an expanding operations base in China.
The International Finance Corporation (IFC) plans to support an accelerator fund launched by Capria Ventures – an impact investment firm sponsored by Unitus – that will focus on South and Southeast Asia, Sub-Saharan Africa and Latin America.
A PE-backed Chinese consortium has agreed a $600 million acquisition of the web browser business of Norway’s Opera Software after a full takeover bid worth $1.2 billion failed to attain government approval.
IIFL Asset Management has led a INR2 billion ($30 million) Series D round for online jeweler BlueStone.
Southeast Asia-focused e-commerce solutions provider aCommerce has raised $10 million in new funding ahead of a planned Series B round. The latest commitment is led by MDI Ventures, a corporate VC fund run by Indonesian mobile operator Telkom.
CRE Alliance Management, a consumer-focused fund established by state-owned conglomerate China Resources, has invested an undisclosed sum in Meituan-Dianping, China’s leading online-to-offline (O2O) services platform.
Qihoo 360, a US-listed Chinese internet security software provider, has been successfully privatized by its chairman and investors ranging from private equity firms to insurance companies, in a deal worth $9.3 billion.
Gengmei, a Chinese cosmetic surgery social networking app backed by several VC investors, has raised an undisclosed amount of Series C funding from Chinese companies Suning Commerce Group and Tencent Holdings.
DotC United, a Hong Kong-based mobile app publisher, has raised a RMB300 million ($44 million) Series A round of funding from several Chinese VC investors, including Banyan Capital and Chengwei Capital.
Bain Capital Private Equity and Goldman Sachs have agreed to acquire a majority position in Carver Korea, a specialist cosmetics supplier.