Funds
Chinese event venues search portal raises $20m
HotelGG.com, a Chinese online booking platform for event venues, has raised $20 million in a Series B round of funding from existing investors including Matrix China Partners, Chengwei Ventures and SIG China.
Kalaari leads funding round for YourStory
Indian tech business news website YourStory has raised a Series A round led by Kalaari Capital, with participation from Qualcomm Ventures, Ratan Tata and T.V. Mohandas Pai.
China cancer diagnostics firm Burning Rock raises $23m
Burning Rock Biotech, a Chinese cancer diagnostic start-up, has raised RMB150 million ($23 million) in an extended Series A round of funding from Ji Feng Capital, Sequoia Capital and Legend Star.
India's VC-backed Mobikon buys Singapore's Trii.be
Indian customer engagement and marketing platform Mobikon, which is backed by Jungle Ventures, has bought Singapore's feedback management start-up Trii.be.
Alibaba, Tencent in $313m round for CMC’s smart TV start-up
Whaley Technology, a smart TV maker founded by Chinese media mogul Ruigang Li, has raised RMB2 billion ($313 million) in funding from Li’s media-focused fund CMC Capital Partners, Alibaba Group and Tencent Holdings.
Guangdong Alpha buys VC-backed China comics site U17
Guangdong Alpha Animation and Culture, a Chinese animation and entertainment firm, has agreed to acquire online comics platform U17.com for RMB904 million ($141 million), paving an exit for several VC backers including Northern Light Venture Capital (NLVC).
India's AgroStar raises $3.6m from IDG Ventures, Aavishkaar
IDG Ventures has led a $3.6 million funding round for Indian agriculture-focused mobile commerce firm AgroStar, with participation by existing investor Aavishkaar Venture Management Services.
Bessemer leads $50m round for Indian online grocer
Indian online grocer BigBasket has raised a $50 million funding round led by existing investor Bessemer Venture Partners.
Indian payments security start-up raises $7.5m Series B round
Indian online payment security system developer OneAssist has raised a $7.5 million Series B round led by US insurance firm Assurant, with participation by existing investors Sequoia Capital and Lightspeed Venture Partners.
CITIC Goldstone leads $31m round in China’s Zhubaijia
Zhubaijia, a Chinese short-term vacation rentals platform, has raised RMB200 million ($31 million) in a Series B round of funding led by CITIC Securities’ direct investment arm Goldstone Investment.
CVC appoints Steve Lim as South Korea chairman
CVC Capital Partners has hired Steve Lim, former CEO and managing director of JP Morgan in South Korea, as its chairman in the country.
China’s cancer drug developer Ascentage secures $15m
Ascentage Pharma Group, a Shanghai-based cancer drug developer, has raised a RMB95 million ($15 million) Series A round of funding led by Oriza Seed and YuanMing Capital.
CITIC, Crestview to sell Stackpole for $659m
CITIC Capital Partners and Crestview Partners have agreed to sell Canada-based auto parts maker Stackpole to Johnson Electric Holdings for C$867 million ($659 million).
Zodius leads $20m round for India's Allygrow
Zodius Technology Fund has led a $20 million funding round for Indian engineering services start-up Allygrow Technologies.
Ant Financial leads $200m round for China’s Qufenqi
Ant Financial Service Group, Alibaba Group's online financial services affiliate, has led a $200 million round of funding for Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments.
China’s Banyan Capital closes second RMB fund at $89m
Chinese venture capital firm Banyan Capital has raised RMB560 million ($89 million) for its second renminbi-denominated fund.
CDH to raise $600m China mid-market fund
CDH Investments is looking to raise $600 million for a China mid-market fund, with half of the corpus in US dollars and the other half in renminbi.
Blume, Tiger Global invest $30m in warehouse robotics start-up
Tiger Global Management and Blume Ventures have led a $30 million Series B round of funding for Indian warehouse robotics developer GreyOrange Robotics.
Chinese second-hand car trading site Mychebao raises $50m
JD Capital and Addor Capital have led a RMB300 million ($50 million) Series B round of funding for Mychebao.com, a Chinese online trading platform for second-hand cars.
China’s CASH Capital targets $193m for Fund II
CASH Capital, the venture capital arm of the state-owned Chinese Academy of Sciences Holdings (CASH Holdings), is seeking to raise RMB1.2 billion ($193 million) for its second renminbi-denominated venture fund.
India payments firm raises $23m from Helion, Social+Capital
Helion Advisors and Social+Capital have participated in a $23 million Series C round for mobile payment solutions provider Ezetap.
Carlyle, Huo's Group buy Shell stake in Chinese lubricant firm
The Carlyle Group, together with Chinese conglomerate Huo's Group, has bought Shell Oil's 75% stake in Tongyi Lubricants. The financial details were not disclosed.
Shenzhen Cowin leads $16m round for private chef app
Shenzhen Cowin Capital has led a RMB100 million ($16 million) Series B round for Hao Chushi, a Chinese mobile app for booking private chef services, with participation from Lightspeed China Partners.
Ex-IDG partners seek $160m for debut China TMT fund
Feng Li and Ben Lin, formerly partners at IDG Capital Partners, are looking to raise RMB1 billion ($160 million) for their debut China venture fund.