Funds
India's Religare sells stake in Northgate Capital
Religare Enterprises has sold its majority stake in Northgate Capital, a fund-of-funds and direct investment group, to US-based asset manager The Capital Partnership.
Abraaj leads $30m round for SE Asia last-mile delivery start-up
The Abraaj Group has led a $30 million Series B round of funding for Ninja Van, a last-mile logistics provider with operations in Singapore, Malaysia and Indonesia.
Tiger, IDG lead $30m Series C for India's NestAway
Tiger Global and IDG Ventures, along with Russian entrepreneur Yuri Milner, have led a $30 million Series C round for Indian online home rental start-up NestAway.
India's Varthana raises $14m Series B
Indian education-focused non-banking finance company (NBFC) Varthana has raised INR930 million ($14 million) in Series B funding, led by new investors Kaizen Private Equity and Zephyr Peacock India.
VC-backed Dada Nexus merges with JD’s O2O business
Dada Nexus, a China-based crowdsourcing delivery platform backed by several VC investors, has agreed to merge with JD Daojia, the online-to-offline (O2O) business unit of e-commerce giant JD.com.
Fosun Kinzon leads $23m round for China’s Huivo
Fosun Kinzon Capital, a VC arm of Fosun Group, has led a RMB150 million ($23 million) extended Series B round of funding for Huivo, a Chinese online education solutions provider for kindergartens.
China online finance site Licaifan completes $51m round
Licaifan, a Chinese online finance platform, has raised a RMB330 million ($51 million) Series C round of funding from domestic investor Yingda Investment.
China discounted e-commerce site Juanpi raises $93m
Juanpi.com, a Chinese online platform selling discounted consumer products, has raised a RMB600 million ($93 million) Series C round of funding co-led by Tiantu Capital and China Merchant Bank International.
IFC commits $41m to Multiples' latest India fund
India-based GP Multiples Alternate Asset Management has received a commitment of up to $40.6 million from the International Finance Corporation (IFC), the investment arm of the World Bank, for its latest fund.
Chinese online grocer FreshMarket raises $38m round
Addor Capital has led a RMB249 million ($38 million) Series C round of funding for FreshMarket, an online grocery service based in China.
Alibaba invests $1.25b in food delivery platform Ele.me
Chinese e-commerce giant Alibaba Group and its online finance affiliate Ant Financial Services Group have invested $1.25 billion in Ele.me, a VC-backed online food-ordering platform.
Gaw reaches $700m first close on Asia real estate fund
Hong Kong-based private equity real estate investor Gaw Capital has reached a first close of $700 million on its fifth Asia-focused real estate fund.
Fund focus: Globis gets traction with pension LPs
Japanese pension funds show stronger interest in latest fund from Tokyo's Globis
Deal focus: Navis to grow Texon outside the shoebox
After a major turnaround for Texon International, Navis aims to reinforce management's strengths and help the company reach the next level
Deal focus: VCs back Kyulux to be leading light
VCs and strategic investors demonstrate confidence in Kyulux to produce energy-efficient digital displays with higher quality at a lower price
India distress: Workout window
India’s distressed asset sector is seeing a surge in investor interest as regulators indicate support for a tougher approach by creditors. PE investors looking to enter this space must develop sustainable strategies
China VC: Class society
China's venture capital industry has developed a tiered structure - similar to that seen in the US - with a select bunch of managers in heavy demand among LPs
GGV reaches $1.2b final close on Sino-US VC fund
GGV Capital has closed its latest VC fund at $1.2 billion across three vehicles – a core venture fund, an early stage fund and an entrepreneurs fund – that will target start-ups and growth-stage technology deals in China and the US.
Eleven Zulu launches $100m pan-Asian venture fund
US-based VC firm Eleven Zulu Capital has launched a $100 million fund targeting Asian technology and services-focused start-ups.
Chinese travel app developer Huoli secures $144m
Shenzhen Huoli Tianhui Technology, the parent company of Chinese flight management app Flights Manager, has raised RMB933 million ($144 million) in a Series C round of funding.
China Growth Capital leads round for auto-focused lending platform
China Growth Capital has led an extended RMB217 million ($34 million) Series A round for Chedai.com, a Chinese automobile financial lending platform.
Seed investors still cautious on valuations
Seed-stage valuations remain robust despite a general cooling in the global venture funding market that has seen a number of highly-valued technology start-ups raise later-stage down rounds.
SSG buys 40% stake in India's Future Supply Chain
Special situations investor SSG Capital Management Group will pay up to INR5.8 billion ($87 million) for a 40% stake in Future Supply Chain (FSC), a supply chain and logistics subsidiary of India's Future Retail.
Monk's Hill closes Southeast Asia VC fund
Singapore-based Monk's Hill Ventures has closed its first Southeast Asia-focused fund above its target of $80 million, according to Managing Director Peng T. Ong.