Expansion
Deal focus: VCs dine on Korea's MangoPlate
Nothing illustrates South Korea's obsession with food better than a new foodie craze called Mukbang.
Joy Capital leads $60m round for Chinese vacation rentals site
Xiaozhu.com, a Chinese short-term rental site, has completed a Series C round of funding worth $60 million led by Joy Capital, a new VC firm spun-out from Legend Capital.
China auto after-sales services platform raises $60m Series C
Diandian Yangche, a VC-backed mobile app that focuses on automotive after-sales services in China, has raised a $60 million Series C round of funding from undisclosed investors.
Nova, Caixa lead $3m Series A for Malaysia eyewear retailer
Nova Founders Capital and Caixa Capital have led a $3 million Series A round for Malaysia-based eyewear retailer GlassesGroupGlobal.
Hillhouse, Sofina lead $29m round for India's Hector Beverages
Beijing-based Hillhouse Capital and Belgium's Sofina have led a $29 million Series C round for Indian drink maker Hector Beverages.
Ardent invests $2.2m in Indonesia B2B portal Bizzy
Ardent Capital has committed $2.5 million to Bizzy, an Indonesian provider of business-to-business (B2B) e-commerce services.
Oriza, SF Express invest $80m in China Wi-Fi operator
Oriza Holdings and SF Express, a Chinese logistics company, have led an $80 million Series A round of funding for 100MSH, a start-up that provides public Wi-Fi networks to commercial operators.
Wanda, Tencent, CITIC Capital join $967m round for China travel site
Wanda Group, Tencent Holdings and CITIC Capital have participated in a RMB6 billion ($967 million) financing round for Tongcheng Network Technology, a VC-backed Chinese online travel agency.
Amazon leads $60m round for India's BankBazaar
Amazon India has led a INR3.75 billion ($60 million) Series C round for Indian financial marketplace BankBazaar.com, with participation from Fidelity Growth Partners and Mousse Partners, along with existing investors Sequoia Capital and Walden International....
Renren leads $50m round in China online finance site
Chinese social networking site Renren has led a $50 million Series B round for Shenzhen Jinfuzi Network Technology, a Chinese online wealth management platform.
Cathay Capital launches Sino-French innovation fund
Cathay Capital Private Equity has launched a Sino-French Innovation Fund that is looking to invest in start-ups in France, China and the US.
Ascendent closes second China fund at $600m hard cap
Ascendent Capital Partners has reached a first and final close on its second China fund at the hard cap of $600 million. The vehicle has been in the market for around four months, following an official launch in March.
Warburg Pincus joins $250m round for China chauffeured car service
Warburg Pincus and Legend Capital are participating alongside Chinese car hire firm China Auto Rental (CAR) in a $250 million investment in Ucar, a China-based chauffeured car service provider.
IDG, DCM, NLVC commit $100m to China mobile office platform
IDG Capital Partners, DCM and Northern Light Venture Capital (NLVC) have participated in a $100 million Series D round of funding for Fxiaoke.com, a Chinese cloud-based mobile business management application.
Ratan Tata backs India taxi platform Ola
Ratan Tata, chairman emeritus of Tata Group holding company Tata Sons, has invested an undisclosed amount in India taxi-booking platform Ola.
New Horizon, Addor Capital back China rural e-commerce play
New Horizon Capital and Addor Capital, a PE firm under Govtor Capital, have participated in a RMB500 million ($81 million) Series A round of financing for Huitongda, an online home appliance retailer that focuses on China’s rural areas.
Late-stage tech: Hedging bets in India
Everyone is trying to get of the piece of tech story in India and US hedge funds are not different, but what will their entry into the early stage rounds mean for the broader venture capital industry
Canada's Ivanhoe, CBRE in Chinese warehouse play
Ivanhoé Cambridge, a real estate investment arm of Canada's pension fund the Caisse de dépôt et placement du Québec (CDPQ), has partnered with CBRE Global Investment Partners to invest in Logos China Logistics Clubs, a Chinese warehouse developer and...
Cathay Capital invests in French marine service provider SeaOwl
Cathay Capital Private Equity has invested in SeaOwl, a French-based marine management service provider.
Carlyle growth fund to invest $115m in China's JIC Leasing
The Carlyle Group has agreed to commit $115 million from its growth fund to JIC Leasing, the equipment leasing subsidiary of China Jianyin Investment.
PAG joins $500m investment in Hong Kong's Kingston Financial
PAG Asia Capital's absolute returns business has joined a consortium that plans to invest HK$3.87 billion ($500 million) in Hong Kong-based investment firm Kingston Financial.
Warburg Pincus consortium re-ups in Vincom Retail
A consortium led by Warburg Pincus has made a follow-on investment of about $100 million in Vietnam shopping mall operator Vincom Retail.
Carlyle to invest $120m in Shanghai ANE Logistics
The Carlyle Group has agreed to invest $120 million in Shanghai ANE Logistics, a Chinese logistics and courier services provider.
Nokia Growth leads Series B for India's Indix
Nokia Growth Partners has led a $15 million Series B round for Indian cloud-based analytics start-up Indix. Existing investors Nexus Venture Partners and Avalon Ventures took part in the round as well.