Funds
IDG targets $200m for third India fund
IDG Ventures has launched its third India-focused fund, with a target of $200 million.
Japan's Mitsui Fudosan launches VC fund with Global Brain
31 Ventures, a venture capital firm sponsored by Japanese property developer Mitsui Fudosan, has launched a JPY5 billion ($44 million) fund with Global Brain Corporation that will invest in start-ups globally.
China salvage car auction platform Fairlubo raises $45m
Beijing Fairlubo Vehicle Auction, a Chinese online salvage car auction platform, has raised a $45 million round of funding led by PE-backed used car trading platform Uxin.
Brookfield, Qube consider joint Asciano bid
A Brookfield Asset Management-led consortium and a group led by Qube Holdings that includes Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation (CIC) are considering a joint A$9 billion ($6.5 billion) bid for Australian rail...
IDFC buys India toll road from Blackstone-backed NCC
IDFC Alternatives will buy a controlling stake in a Bangalore toll road from NCC Infrastructure Holdings - which is backed by The Blackstone Group - and Soma Enterprise at an enterprise value of INR7.5 billion ($109 million).
Q&A: Archer Capital's Peter Wiggs
Peter Wiggs, CEO of Archer Capital, on why the IPO slowdown has helped PE deal flow, the attractiveness of education and healthcare, and recently spun-out Archer Growth
Australia VC: Policy power
Australia’s innovation agenda is intended to serve as the foundation stone of a technology-driven economy. Do the promises made to start-ups address areas where they want to see change?
Lower middle market fundraising: Early adopters
While Australia’s lower middle market still offers opportunities for conventional GPs, some managers see growing potential in alternate fund models. Skepticism is strong among their peers
TCL, Tsinghua Unigroup launch $1.5b China M&A fund
Chinese electronics manufacturer TCL Group has partnered with Tsinghua Unigroup, an investment arm of Tsinghua University, to launch an industry M&A fund with a target of RMB10 billion ($1.53 billion).
China's Impact Therapeutics get $10m Series B round
Existing backer Lilly Asia Ventures has been joined by new investors, including China Summit Capital, in a $10 million Series B round of funding for Impact Therapeutics, a China-based cancer drug developer.
IFC commits $25m to India's VC-backed Lenskart
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $25 million to Indian online eyewear retailer Lenskart.
IvyCap leads $4.5m round for India's Taskbob
IvyCap Ventures has led a INR280 million ($4.5 million) Series A round for Indian home services start-up Taskbob.
Global Brain in $13.1m round for US, Israel-based YouAppi
YouAppi, a mobile advertising analytics start-up based in Israel and the US, has raised a $13.1 million Series B round from a consortium of investors including Global Brain to support its Asia expansion.
Frees Fund, Qihoo 360 lead $100m round for China’s Mobi Magic
Frees Fund, a China-focused VC group that spun out from IDG Capital Partners, and Qihoo 360 Technology have co-led a $100 million round for Mobi Magic, a Beijing-based mobile app developer.
India's VC-backed Tracxn launches start-up exit platform
Tracxn, an India-based start-up data analytics platform backed by SAIF Partners, has launched an online platform to help angel investors find exit opportunities from start-ups.
Australia's Future Fund makes secondary sale to CPPIB - report
Australia’s Future Fund exited A$1 billion ($712 million) worth of fund positions from its private equity portfolio last year, with Canada Pension Plan Investment Board (CPPIB) picking up the assets.
Alpha Animation, Matrix invest in China VR start-up
Guangdong Alpha Animation and Culture, a listed Chinese animation firm, has led an undisclosed Series A round of funding for Time of Virtual Reality (TVR), which develops games for VR devices.
Lightstone Ventures raises $50m Singapore fund
Lightstone Ventures has closed a $50 million fund aimed at investments in Singapore-based companies in the life-science sector.
Adams Street promotes Doris Guo to partner
Adams Street Partners has promoted Doris Guo, a principal in charge of primary investments in Greater China, to partner.
Sequoia in India: Early-stage icon
At $920 million, Sequoia Capital latest India fund is the largest ever VC vehicle raised in the country. How will the technology sector accommodate this quantum of capital?
China’s 58 Daojia merges with VC-backed beauty app
58 Daojia, a PE-backed Chinese online-to-offline (O2O) local services platform, has merged with Dudumeijia.com, a manicure-booking app that counts Sequoia Capital and Source Code Capital among its investors.
Denham-backed platform buys Vietnam hydro project
Nexif Energy, a Southeast Asia-based energy investment platform backed by Denham Capital, has bought a majority stake in a Vietnam hydropower project.
Aspada leads $5m Series A for India's Aasaanjobs
Aspada Advisors has led a $5 million Series A round of funding for Indian job recruitment site Aasaanjobs.
Sequoia backs China second-hand car pricing platform
Sequoia Capital has led a new funding round for Che300.com, a China-based online platform that values second-hand cars.