India-based mobile wallet developer Mobikwik has raised $50 million in a Series C round of funding led by Japanese internet company GMO, Taiwan-based semiconductor manufacturer MediaTek, and existing backer Sequoia Capital.
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing and Financial Services, has pushed back the deadline on its growth fund, with final close now expected in the first half of 2016.
Chehejia, a Chinese manufacturer of smart electric vehicles, has raised RMB780 million ($120 million) in a Series A round of funding from eight Chinese individual and financial investors.
The China Securities Regulatory Commission (CSRC) will take further steps to regulate the domestic private fund industry in response to an acceleration in illegal fundraising activities.
Direct secondaries specialist NewQuest Capital Partners has acquired the majority of Draper Fisher Jurvetson’s (DFJ) India portfolio.
BlackRock has raised more than $630 million for a direct co-investment buyout fund aimed in part at investments in emerging Asian markets.
US-based venture capital firm Mayfield has raised $525 million in capital across two global investment funds.
Samara Capital has named Sanjay Purohit, the managing director for India at global clothing manufacturer Levi Strauss, as a partner.
Miss Fresh, a Chinese online grocery retailer backed by Tencent Holdings, has raised RMB230 million ($36 million) in an extended Series B round led by domestic investor Yuan Yi Investment.
Xiaoming Huang, a Chinese actor who co-founded celebrity fund StarVC, has launched a new venture capital firm called Ming Capital.
ICICI Venture has invested INR 1.2 billion ($18 million) in specialty chemicals maker Anthea Aromatics for what AVCJ understands to be a significant minority stake.
Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has raised RMB3 billion ($462 million) in an extended Series C round of funding at a valuation of $2 billion.
Zero Zero Robotics, a Beijing-based start-up that has developed a flying camera for the consumer market, has received $23 million in Series A funding from IDG Capital Partners, GSR Ventures, ZhenFund and ZUIG.
TPG Capital has bought a majority stake in Cancer Treatment Services International (CTSI), a US cancer treatment chain focused on India and South Asia. AVCJ understands that the firm paid $33 million for a 65% interest.
China-based VC firms IPV Capital and Tsing Capital have led a $26 million Series C round of funding for RayVio Corp, a US company that has developed an ultraviolet LED technology for use in hygiene products.
Taiwan-based hardware developer HTC has launched a global accelerator program with $100 million to support start-ups working on virtual reality (VR) applications.
Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.
IDFC Asset Management and consumer electronics manufacturer Micromax Informatics have led a INR1 billion ($15 million) Series C round for Indian digital payments developer TranServ.
Zhaohui Wang, co-founder and formerly operating partner at Innovation Works, has launched a China-focused seed fund to invest in culture, media and sport-related assets.
The International Finance Corporation (IFC), the investment arm of the World Bank, has formed a $1 billion partnership with Apollo Global Management to invest in distressed assets in emerging markets.
Rishi Navani, co-founder of Matrix Partners India, has left the GP to start a new investment practice, Epiq Capital.
Genesis Capital, a late-stage VC firm set up by the former head of Tencent Holdings’ investment unit, has led a RMB200 million ($30.8 million) Series C round for Tiebaobei.com, a Chinese online trading platform for second-hand machinery.
Roseonly, a Chinese start-up that specializes in selling rose bouquets online, has raised RMB190 million ($31 million) in a Series C round of funding led by Genesis Capital.
China-focused GP Qiming Venture Partners is planning to raise a healthcare-dedicated fund in the US that will help China- and US-based start-ups expand in both markets.