Expansion
CDC commits $50m to India's RBL Bank
UK development finance institution CDC Group has invested INR3.3 billion ($49.7 million) in Indian private lender RBL Bank.
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.
Malaysian pension fund KWAP invests in Uber
Malaysia’s public sector pension fund, KWAP, has invested in US-based ride hailing app operator Uber Technologies. This is its first direct investment in a foreign company.
Deal focus: Yao takes the fight to China
Yao Ming-backed PE firm will grow the reach of kickboxing by emphasizing similarities to Chinese fighting styles
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.
H&Q backs US, China-based EV player
H&Q Asia Pacific has led a $7.8 million investment in Efficient Drivetrains (EDI), a US and China-based developer of electric vehicle (EV) systems and technologies.
WestBridge leads $40m round for India's Aptus
WestBridge Capital Partners has led a INR2.7 billion ($40.4 million) funding round for Indian home lender Aptus Housing Finance India.
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.
Chinese online lender FirstP2P secures $70m
FirstP2P, a Chinese online peer-to-peer (P2P) financing site, has raised a $70 million Series C round led by existing investor CCB International.
Singapore's Grab raises $750m round led by SoftBank
Singapore-based taxi-hailing app provider Grab has raised a $750 million round of funding led by Japanese technology giant and long-term strategic partner SoftBank.
China LeEco’s smart car unit raises $1b
Leshi Internet Information and Technology, also known as LeEco, has raised $1.08 billion for its self-driving electric car project.
ChrysCapital leads $149m round for India's Hero FinCorp
Indian non-banking financial company (NBFC) Hero FinCorp has raised more than INR10 billion ($149 million) from investors including ChrysCapital, Credit Suisse and its parent, the Hero Group.
Singapore’s ViSenze raises $10.5m Series B
ViSenze, an e-commerce-focused artificial intelligence (AI) company based in Singapore, India and the US, has completed a $10.5 million Series B funding round led by Rakuten Ventures, WI Harper and Enspire Capital.
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.
Profile: Myanmar Investments' Aung Htun
Myanmar Investments founder Aung Htun sees his latest venture as the culmination of his years spent finding a way forward in Asia by embracing the unorthodox
Ex-NBA star Yao Ming's PE fund seals US kickboxing deal
Yao Capital, an investment firm co-founded by Chinese former NBA star Yao Ming, has invested in Singapore-based kickboxing programmer Glory Sports International. The deal includes a joint venture that will promote the sport in China.
China logistics software start-up raises $25m Series B round
OTMS, a China-based logistics software developer, has raised a $25 million Series B round led by Weixing Chen, founder of local ride-hailing app operator Kuaidi Dache.
Foxconn invests $120m in China's Didi Chuxing
Foxconn Technology Group has invested $119.9 million in China-based ride-hailing platform Didi Chuxing at a valuation of $33.7 billion.
Sequoia, Zuckerberg lead $50m round for India's Byju's
Indian education start-up Byju’s has received a $50 million funding round led by Sequoia Capital and the Chan Zuckerberg Initiative (CZI), a vehicle established by Facebook CEO Mark Zuckerberg and his wife Priscilla Chan.
China’s Best Logistics raises $760m
Best Logistics Technologies, a China-based logistics and supply chain management business part-owned by Alibaba Group, has completed a $760 million round led by Everbright Financial Holding Asset Management and CITIC Private Equity.
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 local supermarket O2O player raises $195m
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has raised a RMB1.3 billion ($195 million) Series B round from a group of renminbi fund managers including Fortune Capital.
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...