Expansion
I Squared backs India rooftop solar player
Global infrastructure investor I Squared Capital has invested an undisclosed sum in Amplus Energy Solutions, an India-based owner and operator of distributed rooftop solar power.
China drone start-up EHang gets $42m Series B round
GP Capital, a China-focused PE fund backed by Shanghai International Group, has led a $42 million Series B round of funding for EHang, a Chinese commercial drone manufacturer.
China online campus convenience store secures $31m
Shenzhen Capital Group has led a RMB200 million ($31 million) pre-Series B round of funding for 59store.com, a Chinese online convenience store focused on serving students.
Chinese second-hand car platform Youche raises $18m
Youche.com, a Chinese online trading platform for second-hand cars, has raised an $18.2 million Series B round led by Galaxy Capital, followed by IDG Capital Partners, ZhenFund and China Growth Capital.
Standard Chartered, CFF lead $207m round for China's Dianrong
A consortium co-led by Standard Chartered Bank and China Fintech Fund (CFF) has invested $207 million in a Series C round of funding for Dianrong.com, a Chinese VC-backed peer-to-peer (P2P) online lending service platform.
NEA, Orios commit $4m to India's IntelligenceNODE
IntelligenceNODE, a retail-oriented big data analytics start-up based in India, has raised a $4 million Series A round led by New Enterprise Associates (NEA) and Orios Venture Partners.
Didi Kuaidi, CIC join $350m round for Southeast Asia's GrabTaxi
Didi Kuaidi, China’s largest mobile ride-hailing app operator, and China Investment Corporation (CIC) have participated in a $350 million funding round for Southeast Asia-focused mobile taxi-booking app GrabTaxi.
Tata Opportunities Fund invests in Uber
Tata Capital will make a significant investment in ride-hailing service Uber through its Tata Opportunities Fund (TOF).
Singapore online grocer RedMart raises $26.7m
Singapore-based online grocery marketplace RedMart has raised $26.7 million in a bridge round from existing investors Garena Online, Softbank Ventures Korea and US-based Visionnaire Ventures.
Kerogen to invest $100m in North Sea gas developer
Kerogen Capital, a Hong Kong-headquartered energy investor, has committed up to $100 million to Zennor Petroleum, an exploration and production (E&P) company that focuses on the UK’s North Sea area.
China agriculture: Seeds of hope
Fragmentation and inefficiency have hampered Chinese agriculture for years, but a combination of policy reform and consumer demand may allow the sector to unlock its potential. Does private equity have the key?
Deal focus: Blume targets e-commerce's back-end
Asian e-commerce companies are having a hard time living up to their billing. Orders may come in at the speed of light, but deliveries come from warehouses that largely still dependent on relatively slow human labor.
Softbank, Foxconn, Alibaba lead $500m round for Snapdeal
SoftBank Group, Foxconn Technology Group and Alibaba Group have led a $500 million investment in Indian online marketplace Snapdeal.
IDG, JD in $174m round for Shanghai Pharma's e-commerce unit
Chinese online retailer JD.com and IDG Capital Partners have participated in a RMB1.11 billion ($174 million) Series A round of funding for Shanghai Pharmaceuticals’ online drug distribution platform.
Tiger invests $15m in Indian fashion site Roposo
Tiger Global has invested $15 million in Indian fashion-oriented social network Roposo.
Sequoia, CBC back Airbnb to expand in China
Airbnb, an online vacation home rental marketplace based in San Francisco, has forged a partnership with China Broadband Capital (CBC) and Sequoia China to expand into the Chinese market.
Chinese event venues search portal raises $20m
HotelGG.com, a Chinese online booking platform for event venues, has raised $20 million in a Series B round of funding from existing investors including Matrix China Partners, Chengwei Ventures and SIG China.
Goldman Sachs invests $150m in India's Piramal Realty
Goldman Sachs has invested $150 million in the Piramal Group's real estate development arm, Piramal Realty, less than a month after Warburg Pincus committed INR18 billion ($284 million) to the company.
Warburg's Chang Sun targets $1b China agribusiness fund
Black Soil Capital Partners, a private equity firm newly formed by Chang Sun, formerly Asia managing director at Warburg Pincus, is looking to raise $1 billion for its debut China agriculture-focused fund.
Global Environment Fund commits $11m to India's Concord
Global Environment Fund (GEF), the US-based cleantech-focused private equity firm, has invested $11 million in Indian wastewater treatment firm Concord Enviro Systems.
Alibaba, Tencent in $313m round for CMC's smart TV start-up
Whaley Technology, a smart TV maker founded by Chinese media mogul Ruigang Li, has raised RMB2 billion ($313 million) in funding from Li’s media-focused fund CMC Capital Partners, Alibaba Group and Tencent Holdings.
LeapFrog takes part in $25m round for India's IFMR Holdings
LeapFrog Investments and Lok Capital have taken part in a $25 million funding round, led by global microfinance-oriented nonprofit Accion, for Indian non-banking finance company (NBFC) IFMR Holdings.
India's AgroStar raises $3.6m from IDG Ventures, Aavishkaar
IDG Ventures has led a $3.6 million funding round for Indian agriculture-focused mobile commerce firm AgroStar, with participation by existing investor Aavishkaar Venture Management Services.
Bessemer leads $50m round for Indian online grocer
Indian online grocer BigBasket has raised a $50 million funding round led by existing investor Bessemer Venture Partners.