Shunwei closes first RMB fund at $160m
Shunwei Capital Partners, a Chinese VC firm set up by Lei Jun, a founder of mobile phone maker Xiaomi, has closed its first renminbi-denominated fund at RMB1 billion ($160 million).
Lei announced the completion of fundraising on his official Weibo microblog, adding that the firm has now backed over 60 companies since inception. Shunwei was set up in 2011 and is led by Lei and Tuck...
More on Venture
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.