Expansion
Softbank Ventures Korea invests in India's True Balance
Softbank Ventures Korea has committed an undisclosed amount of Series A funding to India's True Balance, developer of an app to help users check their prepaid SIM card balance.
China used car trading platform Guazi.com raises $205m
Guazi.com, a Chinese C2C second-hand car trading platform, has completed a $205 million round of funding from several international investors.
China commercial property service platform raises $39m
Haozu.com, a Chinese O2O commercial real estate service platform, has raised a RMB250 million ($39 million) Series A round of funding led by Joy Capital and Black Hole Capital.
APG, Piramal commit $132m to India's Essel Green Energy
Dutch pension fund manager APG Asset Management has committed $132 million, alongside Piramal Enterprises, to Essel Green Energy, the solar power platform of India's Essel Group.
VCs commit $33m to Japan's Bizreach
Japanese online talent search platform Bizreach has raised a JPY3.7 billion ($33 million) Series A round led by YJ Capital, the investment arm of Yahoo Japan.
Ameba leads $46m round for China rural e-commerce site
Ameba Capital has led a RMB300 million ($46 million) Series A round of funding for Taoshihui, a Chinese rural e-commerce platform that helps farmers make purchases online.
InnoVen sees potential in maturing Southeast Asian entrepreneurs
InnoVen Capital, the venture debt firm backed by Temasek and UOB, sees considerable opportunities in Southeast Asia's entrepreneurial community, which the firm's CEO for Singapore and Southeast Asia Chin Chao sees as improving faster than expected.
KKR, Alibaba invest in China fresh-food online retailer Yiguo
KKR and existing strategic investor Alibaba Group have invested in a Series C round of funding for Yiguo, a Chinese online fresh-food e-commerce platform.
China recruitment site Lagou raises $34m
Lagou.com, a Chinese job-seeking platform, has raised RMB220 million ($34 million) in a Series C round of funding led by domestic investor Hongdao Capital.
65Daigou gets VC backing, rebrands as Ezbuy
China’s Vision Knight Capital has led a $20 million Series B round for Singapore-based online shopping platform 65daigou, which recently rebranded as Ezbuy.
Japan's Colopl VR Fund leads $11m round for VR specialist
Colopl VR Fund has led a $11 million Series A round of funding for Fove, a virtual reality (VR) technology company founded in Japan and headquartered in the US.
Abraaj leads $150m round for India’s BigBasket
Dubai-based Abraaj Group has led a $150 million funding round for Indian online grocery business BigBasket.
China’s Travelzen raises $93m, plans for onshore exit
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.
Thailand’s Medical Departures raises $2.5m
Singapore-based venture capital firm DMP has led a $2.5 million Series A round for clinical services marketplace Medical Departures.
Sequoia, Sofina commit $75m to India-based Byju's
India education start-up Byju’s has raised $75 million from Sequoia Capital and Belgium’s Sofina to diversify its product pipeline and for international marketing.
KKR wins approval to back India bad debt manager
India's Foreign Investment Promotion Board (FIPB) has approved KKR's request to buy a stake in distressed asset manager International Asset Reconstruction Company (IARC).
Google Capital invests in India's CarDekho
Indian automobile trading platform CarDekho has secured an undisclosed investment from Google Capital, with participation from existing investor Hillhouse Capital.
Deal focus: SCPE backs MoMo’s online-offline payment offering
MoMo provides an online bridge to Vietnamese consumers whose needs are not met by the country's traditional financial services infrastructure. Standard Chartered Private Equity is sponsoring further growth
India's Alliance Insurance Brokers raises $8.2m
Access Asset Managers has invested INR550 million ($8.2 million) in Alliance Insurance Brokers, a business-to-business (B2B) focused insurance and risk assessment services provider.
Sequoia, TrustBridge back China chemicals e-commerce site
Sequoia Capital and TrustBridge Partners have co-led a Series C round of funding for Molbase, a Chinese B2B e-commerce platform that sells chemical products.
GPs back Hong Kong's Orange Sky Golden Harvest
Hong Kong-based media group Orange Sky Golden Harvest Entertainment has raised RMB400 million ($61.5 million) from a group of investors including CITIC Securities-managed Credit Prosperity Fund and PE-backed Beijing Weiying Technology, which runs online...
Ping An leads $10m Series A for Hong Kong's Prenetics
Ping An Ventures, the VC arm of China's Ping An Insurance Group, has led a $10 million Series A round for Hong Kong-based genetic test developer Prenetics.
VC-backed Gunosy commits $5m to Indonesia's Kurio
Gunosy, a listed Japanese news app backed by VC firms Jafco and B Dash Ventures, has committed IDR67 billion ($5 million) to Kurio, a similar company based in Indonesia.
China's HNA to invest $184m in Le Sports Series B round
Chinese conglomerate HNA Group has agreed to invest RMB1.2 billion ($184 million) in Le Sports, a unit of LeTV Holdings, as part of a Series B funding round for the company.