Funds
DFJ sells India assets to NewQuest
Direct secondaries specialist NewQuest Capital Partners has acquired the majority of Draper Fisher Jurvetson’s (DFJ) India portfolio.
BlackRock eyes Asia with $630m global buyout fund
BlackRock has raised more than $630 million for a direct co-investment buyout fund aimed in part at investments in emerging Asian markets.
Mayfield raises $525m across two global funds
US-based venture capital firm Mayfield has raised $525 million in capital across two global investment funds.
Indian GP Samara recruits partner from Levi Strauss
Samara Capital has named Sanjay Purohit, the managing director for India at global clothing manufacturer Levi Strauss, as a partner.
China online grocer Miss Fresh raises a further $36m
Miss Fresh, a Chinese online grocery retailer backed by Tencent Holdings, has raised RMB230 million ($36 million) in an extended Series B round led by domestic investor Yuan Yi Investment.
StarVC co-founder launches new China VC fund
Xiaoming Huang, a Chinese actor who co-founded celebrity fund StarVC, has launched a new venture capital firm called Ming Capital.
ICICI Venture commits $18m to India's Anthea Aromatics
ICICI Venture has invested INR 1.2 billion ($18 million) in specialty chemicals maker Anthea Aromatics for what AVCJ understands to be a significant minority stake.
Deal focus: VCs see quality in Yummy Express' asset-heavy business model
While most logistics start-ups dedicated to serving China's online food-ordering platforms hire part-time staff through crowdsourcing, Yummy Express recruits full-time employees to provide a consistent service
China ticket booking site Weiying raises $462m
Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has raised RMB3 billion ($462 million) in an extended Series C round of funding at a valuation of $2 billion.
China's Zero Zero Robotics gets $23m Series A round
Zero Zero Robotics, a Beijing-based start-up that has developed a flying camera for the consumer market, has received $23 million in Series A funding from IDG Capital Partners, GSR Ventures, ZhenFund and ZUIG.
TPG buys India-focused CTSI for $33m
TPG Capital has bought a majority stake in Cancer Treatment Services International (CTSI), a US cancer treatment chain focused on India and South Asia. AVCJ understands that the firm paid $33 million for a 65% interest.
China's IPV, Tsing back US hygiene technology start-up
China-based VC firms IPV Capital and Tsing Capital have led a $26 million Series C round of funding for RayVio Corp, a US company that has developed an ultraviolet LED technology for use in hygiene products.
HTC launches $100m VR accelerator in China, Taiwan, US
Taiwan-based hardware developer HTC has launched a global accelerator program with $100 million to support start-ups working on virtual reality (VR) applications.
Deal focus: Hua Medicine gets cross-border injection
Following its $50 million Series C round, investors in Hua Medicine are waiting for the company to fulfill its potential as a poster child of innovation in China
Korea VC fundraising: Unbalanced boom
The forces behind a bumper year for South Korean venture fundraising serve as a reminder that local players must do more to build much-needed international relationships
China's Ant Financial closes $4.5b funding round
Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.
IDFC, Micromax lead $15m Series C for India's TranServ
IDFC Asset Management and consumer electronics manufacturer Micromax Informatics have led a INR1 billion ($15 million) Series C round for Indian digital payments developer TranServ.
Innovation Works co-founder launches China seed fund
Zhaohui Wang, co-founder and formerly operating partner at Innovation Works, has launched a China-focused seed fund to invest in culture, media and sport-related assets.
Apollo, IFC form $1b emerging markets distress partnership
The International Finance Corporation (IFC), the investment arm of the World Bank, has formed a $1 billion partnership with Apollo Global Management to invest in distressed assets in emerging markets.
Matrix co-founder leaves to start new firm
Rishi Navani, co-founder of Matrix Partners India, has left the GP to start a new investment practice, Epiq Capital.
Genesis backs Chinese second-hand machinery trading platform
Genesis Capital, a late-stage VC firm set up by the former head of Tencent Holdings’ investment unit, has led a RMB200 million ($30.8 million) Series C round for Tiebaobei.com, a Chinese online trading platform for second-hand machinery.
China online flower seller Roseonly raises $31m
Roseonly, a Chinese start-up that specializes in selling rose bouquets online, has raised RMB190 million ($31 million) in a Series C round of funding led by Genesis Capital.
China's Qiming to launch US healthcare fund
China-focused GP Qiming Venture Partners is planning to raise a healthcare-dedicated fund in the US that will help China- and US-based start-ups expand in both markets.
India's ICICI Venture reaches $190m first close on new fund
ICICI Venture, the private equity arm of India's ICICI Bank, has reached a first close of $190 million for its fourth private equity fund.