Expansion
Japan's Taiho Ventures backs US cancer drug developer
Taiho Ventures, the newly established VC arm of Japan’s Taiho Pharmaceutical, has participated in a $70 million Series B round of funding for Arcus Biosciences, a US-based start-up that develops cancer drugs.
Premji invests in India's Lenskart
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has invested in Indian online eyewear retailer Lenskart.
China online used car marketplace Renrenche raises $150m
Renrenche, a Chinese peer-to-peer second-hand car trading platform, has raised $150 million in the initial tranche of its ongoing Series D round of funding.
Primavera, Ant Financial to invest $460m in Yum China spin-out
Primavera Capital and Ant Financial Service Group have agreed to invest a combined $460 million in Yum China, a spin-out from US-listed Yum Brands which owns fast-food giants KFC, Pizza Hut and Taco Bell.
India's Paytm confirms $60m round
Indian mobile payment and e-commerce platform Paytm has raised $60 million from Mountain Capital, the investment arm of Taiwan-based microchip manufacturer MediaTek.
Apis, ICICI invest in India's Star Health
Apis Partners and ICICI Venture have invested in Indian health insurance provider Star Health & Allied Insurance.
China Everbright, Focus Media form $750m TMT fund
China Everbright and its portfolio company Focus Media, a Chinese outdoor advertising business, have launched a RMB5 billion ($750 million) investment fund that will invest in the technology, media and telecom (TMT) sector.
GPs target micro gains in weaker macro environment - AVCJ Forum
Institutional investors expect private equity funds to deliver outsize returns, regardless of the lower growth environment in Asia, which means GPs must focus more on making a difference to portfolio companies at the micro level.
UOB Venture leads $30m round for China’s HunterOn
UOB Venture Management (UOBVM), a subsidiary of Singapore’s United Overseas Bank, has led a RMB200 million ($30 million) Series C round for HunterOn, a Chinese online recruitment services provider.
Ambit Pragma invests in India's Prime Focus
Indian mid-market PE firm Ambit Pragma has invested in Prime Focus Technology (PFT), a subsidiary of Indian media services company Prime Focus.
Sequoia leads $27m round for India, US-based Mitra
Sequoia India and US-based Sands Capital Ventures have led a $27.4 million Series B round of funding for Mitra Biotech, an India and US-based company that focuses on personalized cancer therapies.
Southeast Asia’s HappyFresh gets Series B
HappyFresh, a Southeast Asian online grocery delivery platform, has raised a Series B funding round led by Dubai-based private equity firm Samena Capital.
Net1 invests in VC-backed Indian mobile wallet start-up
Net1, a NASDAQ-listed payment services provider with a presence in South Africa and Korea, has committed $40 million to Mobikwik, an Indian mobile wallet start-up that has received several rounds of VC funding.
India's Paragon leads $16.5m round for domestic machinist
Indian private equity firm Paragon Partners has led a INR1.1 billion ($16.5 million) investment in domestic engineering components supplier Maini Precision Products (MMPL).
China car services platform Ebaoyang raises $23m
Ebaoyang, a Chinese on-demand car maintenance services provider, has received an initial RMB150 million ($23 million) for its Series C round from One Capital and existing investor Source Code Capital. The round has yet to close.
China’s KingYee, Quyiyuan raise combined $47m
Chinese mobile healthcare services provider Shanghai KingYee and its independent unit Quyiyuan - which operates a medical services booking app - have raised a combined RMB313 million ($47 million) in their latest rounds of funding.
IFC, SeaLink invest $15m in Indian clinic chain
SeaLink Capital Partners and the International Finance Corporation have committed a INR 1 billion ($14.9 million) Series C round to India-based dialysis clinic chain NephroPlus.
Singapore's EDBI invests US analytics player RetailNext
The investment arm of Singapore's Economic Development Board (EDBI) has made an undisclosed commitment to an Asia Pacific expansion drive by US-based analytics company RetailNext.
Ford leads $24m round for VC-backed India car rental start-up
Ford Motor Company has led a $24 million Series B round of funding for India-based car rental start-up Zoomcar, alongside existing investors Sequoia Capital, Nokia Growth Partners (NGP) and Empire Angels.
China’s VIPKID receives investment from Bryant Stibel
VIPKID, an English-language learning platform that connects North American teachers with students in China, has received an undisclosed investment from Bryant Stibel, a new VC firm launched by retired NBA star Kobe Bryant and his partner Jeff Stibel.
Goldman, EastBridge buy majority stake in Korea’s Happycall
Goldman Sachs and South Korean mid-market focused PE firm EastBridge Partners have agreed to buy a majority stake in Korean cookware and kitchen appliances maker Happycall.
TA Associates invests $140m in India's TCNS Clothing
TA Associates has contributed to a $140 million round for Indian women’s apparel retailer TCNS Clothing.
Deal focus: NextVR takes live VR worldwide
US-based virtual reality broadcaster NextVR raises $80 million for expansion, mostly from Asian investors
IFC proposes $40m investment in China's Anyou
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $40 million investment in Chinese animal feed producer Anyou Biotechnology Group.