Funds
Vertex, Sinar Mas lead round for Indonesia's HappyFresh
Vertex Ventures and Sinar Mas Digital Ventures have led a $12 million funding round for Indonesia-based online grocer HappyFresh.
Eight Roads commits $15m to India's CredR
Indian used motorbike marketplace CredR has raised a $15 million Series A round from Eight Roads Venture, formerly called Fidelity Growth Partners.
China’s Meituan leads $35m round for online campus store
Zhai.me, a Shanghai-based online convenience store aimed at students, has raised $35 million in a Series B round of funding led by Meituan.com, a group-buying site backed by Alibaba Group and several VC firms.
2015 AVCJ Awards - last call for nominations
Nominations for the 2015 AVCJ Private Equity & Venture Capital Awards close today, September 23. The deadline has already been extended once and will not be extended again.
Source Code leads $31m round for China B2B liquor platform
China-based B2B liquor-trading platform Yijiupi has received RMB200 million ($31.3 million) in a Series B funding round led by Source Code, a VC firm created last year by Yi Cao, formerly of Ceyuan Ventures and Sequoia Capital.
Hong Kong freight services platform raises $14m
Hong Kong-based freight services platform Freightos has raised a $14 million Series B round from a clutch of investors.
Gobi raises RMB fund for China start-ups
Gobi Partners has formed a RMB600 million ($94.1 million) fund that will focus on seed, pre-Series A and Series A investments in early-stage Chinese companies.
Kalaari closes third India VC fund at $290m
Kalaari Capital has closed its third venture capital fund, Kalaari Capital Partners III, at $290 million. The fund will invest in early-stage Indian technology-oriented companies.
Kalaari leads $9m round for India's Industrybuying
Kalaari Capital has led a INR600 million ($9 million) Series B round for Indian B2B online marketplace Industrybuying.com, with participation by SAIF Partners and Beenext.
Oaktree supports bankrupt Australian surfwear brand Quiksilver
Oaktree Capital Management will contribute to a $175 million restructuring package for Australian surfwear brand Quiksilver, which has voluntarily taken its US business into bankruptcy.
Ratan Tata joins IDG Ventures India as advisor
Ratan Tata - chairman emeritus of Tata Sons, holding company for India conglomerate Tata Group - has joined IDG Ventures India as a senior advisor.
Baidu leads $40m round for China healthcare site
Chinese search engine Baidu has led a $40 million Series B round for Quyiyuan.com, a Shanghai-based medical consultation and service-booking mobile app.
China's Didi Kuaidi completes $3b funding round
China-based ride-hailing app operator Didi Kuaidi has closed a $3 billion funding round, said to be the largest-ever fundraise by a private internet start-up globally.
Cisco commits $10m to Monk's Hill Southeast Asia fund
Cisco Investments has committed $10 million to Monk's Hill Ventures' latest Southeast Asia-focused venture capital fund.
Everbright leads $63m round for China's Baifendian
Baifendian, a Beijing-based big data technology developer backed by several VC investors, has raised RMB400 million ($63 million) in a Series D round of funding led by Everbright Securities.
Delivery start-up Lalamove gets $10m bridge round
Lalamove, a Hong Kong-based delivery start-up, has received $10 million in funding from MindWorks Ventures, AppWorks and Crystal Stream Capital, as well as several individual backers.
500 Startups to raise Japan seed fund
US-based accelerator 500 Startups has extended its Asia footprint with the launch of a $30 million fund dedicated to early-stage Japanese technology companies.
Alibaba, Yunfeng, Sina launch sports business
Alibaba Group has set up sports unit alongside Chinese internet company Sina Corporation and Yunfeng Capital, a PE firm backed by Alibaba founder Jack Ma.
Q&A: Warburg Pincus' Charles R. Kaye
Charles R. Kaye, co-CEO at Warburg Pincus, discusses the growing importance of Asia to his firm, valuation bubbles in the technology space, and changes in the GP-LP relationship
Deal focus: Qiming targets last-mile delivery
As e-commerce continues to grow in China, demand for last-mile delivery services that get the goods to the consumer on time and in good shape has yet to be fully addressed. While leading online food-ordering platforms, such as Ele.me and Baidu’s Waimai,...
Asia secondaries: Worth the wait?
A host of pure-play and multi-strategy managers have allocated more resources to Asia in recent years to capture the nascent secondaries opportunity. The region if offering more but has yet to reach full maturity
Uber CEO confirms China fundraising plans
Travis Kalanick, founder and CEO of ride-hailing app Uber, has confirmed that the company has raised $1.2 billion for Uber China, a dedicated unit set up to address the local market.
H Capital leads $30m round for China education site
China-focused venture capital firm H Capital has led a $30 million Series A round of funding for Lexue Education, an online education platform.
Temasek, Vy Capital lead $60m round for India's Zomato
Temasek Holdings and existing investor Vy Capital have committed $60 million in funding to Indian online restaurant and event guide Zomato.