Expansion
Ant Financial leads round for China VC news platform 36kr
36Kr.com, a Chinese news portal that covers venture capital and technology start-ups, has raised a Series D round of funding led by Ant Financial, an online finance affiliate of Alibaba Group.
China outbound travel site Qulv.com raises $20m
Qulv.com, a Chinese outbound travel-focused platform, has raised a $20 million Series A round of funding from domestic GP Yuantai Changqing Fund.
Cassia leads $5.5m Series A round for Vietnam's KAfé Group
Cassia Investments has led a $5.5 million Series A round for KAfé Group, a Vietnamese café chain operator, with participation by existing investor New Asia Partners (NAP).
Monk's Hill commits $5m to Hong Kong-based Playlab
Hong Kong-based mobile game studio Playlab has raised $5 million in Series B funding from Monk's Hill Ventures.
Malaysia's Hermo raises $2m Series A led by Gobi
Shanghai-based VC firm Gobi Partners has led a $2 million Series A round of funding for Hermo, a Malaysian cross-border cosmetics e-commerce platform.
Sailing, Yunfeng lead $158m round for China’s Rong360
Sailing Capital and Yunfeng Capital have jointly led a RMB1 billion ($158 million) Series D round of funding for Rong360, a Chinese online search platform for loan products.
IFC to invest $25m in India's BigBasket
The International Finance Corporation (IFC), the investment arm of the World Bank, will commit $25 million to Indian online grocer BigBasket.
Nippon Life to raise stake in India's Reliance Capital
Japanese life insurance firm Nippon Life will pay INR12 billion ($184 million) to increase its stake in Indian asset manager Reliance Capital Asset Management (RCAM).
SoftBank backs US-based Cybereason, supports Japan expansion
SoftBank Corp. has led a $59 million Series C round of funding for US-based Cybereason and will help the company distribute its cyber-security platform in the Japanese market.
KKR, Alibaba, Ping An commit $300m to 58.com's O2O unit
KKR, Alibaba Group and Ping An Group have agreed to provide $300 million in Series A funding to 58 Daojia, the online-to-offline (O2O) local services platform of US-listed Chinese classifieds site 58.com.
AngelList raises $400m from China’s CSC Group
Start-up funding platform AngelList has raised a $400 million early-stage focused fund from CSC Venture Capital, the US arm of private equity firm China Science & Merchants Investment Management Group, also known as CSC Group.
NLVC leads round for China-based English learning platform
Northern Light Venture Capital (NLVC) has led a $20 million Series B round of funding for VIPKID, a China-based English-language learning platform that targets primary and secondary school students.
3Q analysis: Digital dreamers
Early- and growth-stage technology deals dominate the China investment charts; middle market fundraising enjoys a rebound; private equity investors turn to trade sales as the public markets flounder
CMC Capital Partners to raise $1b China media fund
China’s CMC Capital Partners, a private equity firm set up by Ruigang Li, formerly president of Shanghai Media Group (SMG), is looking to raise $1 billion for a media-focused fund.
IDG leads $15m round for China healthcare start-up
IDG Capital Partners has led a $15 million Series A round for Zhangshang Tangyi, a Chinese start-up that is developing a health data tracking device and mobile app for people with diabetes.
Aion invests $90m in India's Varun Beverages
Aion Capital has invested INR6 billion ($90 million) in India's Varun Beverages (VBL), a major drinks manufacturer and bottler for PepsiCo in South Asia.
Warburg Pincus, Embassy in $250m India warehousing JV
Warburg Pincus and Indian real estate developer Embassy Group has formed a joint venture to build industrial parks with warehousing facilities in key cities in India.
Sequoia, Kalaari commit $10m to India's Grabhouse
Sequoia Capital and Kalaari Capital have committed $10 million in Series B funding to Indian start-up Cryptopy Technologies, the developer of rental property listing platform Grabhouse.
Golden Gate leads $3.3m Series A for Singapore's HipVan
Golden Gate Ventures has led a S$4.7 million ($3.3 million) Series A round for HipVan, a Singapore-based online store for designer furniture.
Abraaj, Aditya Birla to build India solar platform
The Abraaj Group has teamed up with conglomerate Aditya Birla Group to build a renewable energy platform that will focus on developing solar power plants in India.
Indonesia's Falcon House targets $300m for Fund II
Indonesian GP Falcon House Partners is targeting $300 million for its second fund and the International Finance Corporation (IFC) may once again come on board as an LP.
Australian design platform Canva raises $15m in Series A
Canva, an Australian online design platform, has raised $15 million in a Series A round of funding led by Felicis Ventures alongside existing investors Blackbird Ventures and Matrix Partners.
Motilal Oswal commits $13.8m to India's Kurlon
Motilal Oswal Private Equity (MOPE) has invested INR900 million ($13.8 million) in Indian mattress maker Kurlon Enterprise.
Convergence, Golden Gate in Series A for Singapore's MoneySmart
Singapore-based personal finance portal MoneySmart has raised S$2.8 million ($2 million) in a Series A round led by Singapore Press Holdings (SPH) Media Fund, with participation by Convergence Ventures, OPT SEA and Golden Gate Ventures.