Funds
Permira hires former KKR deal-maker as head of Japan
Permira has chosen former KKR deal-maker Ryotaro Fujii as managing director and head of Japan. Yoichiro Furuse has been made chairman of Japan.
Sequoia, Nexus, Blume in $11m Series A for India's RoadRunnr
Indian business to business (B2B) delivery logistics service RoadRunnr has raised $11 million in Series A funding from Sequoia Capital, Nexus Venture Partners and Blume Ventures.
Chinese personal finance app Wacai secures additional $80m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
Shenzhen Fortune leads $100m round for fashion platform Yoho
Fortune Capital has led a $100 million Series D round of funding for online fashion magazine and e-commerce platform Yoho. CMC Capital and Telescope Capital also took part alongside existing investors SAIF Partners China and Vertex Venture.
Accel leads $10m Series B round for MySmartPrice
Accel Partners has led a $10 million Series B round for Indian online price comparison and discovery platform MySmartPrice. Helion Ventures also took part in the round.
Taiwan's MediaTek commits $10m to new Walden Riverwood fund
Gaintech, a unit of Taiwanese fabless semiconductor producer MediaTek, has committed $10 million to the latest fund launched by early-stage tech venture capital firm Walden Riverwood Ventures.
Fosun Kinzon Capital leads $25m round for US StyleSeat
Fosun Kinzon Capital, the Silicon Valley-based VC arm of Chinese conglomerate Fosun International, has led a $25 million Series B round of funding for StyleSeat, a US-based beauty services booking app.
Singapore payment platform Fastacash raises Series B round
Asia-focused investment firm Rising Dragon Singapore has led a $15 million Series B round of funding for Fastacash, a Singapore-based social payments platform.
FountainVest leads $32m round for China healthcare app
FountainVest Partners has led a RMB200 million ($32 million) round of funding for Xingren.com, a Chinese mobile app for doctors to communicate with patients. Existing investors Sequoia Capital and Lightspeed China Partners also participated.
Sovereign's Capital leads Series A for Indonesia's BerryKitchen
Indonesian online catering start-up BerryKitchen has raised a $1.25 million Series A round led by Sovereign's Capital, with participation by existing investor East Ventures.
Taiwan's Foxconn plans VC fund for Indian start-ups
Taiwanese electronics manufacturer Foxconn Technologies plans to set up an India dedicated venture capital fund and an incubator to support local start-ups.
Accel, Dragoneer, IvyCap lead $16m round for online jeweler BlueStone
Indian online jewelry retailer BlueStone has raised INR100 million ($16 million) from a group of investors led by Accel Partners, IvyCap Ventures and Dragoneer Investments.
Japan's Genesis Healthcare raises $5.1m from Founders Fund, Mitsui
US early stage investor Founders Fund and Japanese conglomerate Mitsui & Co have together invested JPY620 million ($5.1 million) in Genesis Healthcare, a Tokyo-based start-up that develops genetic testing kits, in exchange for a 6% stake.
Sequoia, others commit $11m to India's Zoomcar
Indian car rental company Zoomcar has raised $11 million in funding from existing investors Sequoia Capital and Empire Angels, with participation from newcomer Nokia Growth Partners.
Ping An VC unit leads $55m round for China luxury goods site
Ping An Ventures, the venture capital arm of Ping An Group, has led a $55 million Series E round of funding for Secco Holding, a Chinese luxury goods e-commerce platform.
Baring PE Asia to acquire Orangefield Group
Baring Private Equity Asia has agreed to acquire fund administration and corporate services firm Orangefield Group from AAC Capital Partners for an undisclosed amount.
Tata Capital leads Series B round for Singapore's Nearex
Tata Capital has led an undisclosed Series B round investment in Singapore micro-payments start-up Nearex via its Tata Capital Growth Fund. Existing investors Beenos Asia and Xinvesco also took part in the round.
Q&A: Allegro Funds' Chester Moynihan
Australia’s Allegro Funds has been dealing in distress for 10 years – as advisor, replacement GP and now manager of its own fund. Founding partner Chester Moynihan explains how the firm’s approach has evolved
Vietnam's Foody raises Series B round from Garena
Vietnamese food platform Foody has raised a Series B round from the investment arm of Singapore-based internet company Garena.
Deal focus: Investors book trip with China's Tongcheng
China's travel industry is booming but it is still heavily reliant on offline transactions. According to Derek Wang, an executive director with CITIC Capital, online penetration of the sector is just 12% – a tiny figure when set against 55% in the US...
Deal focus: Ucar appeals to classy car bookers
China's online taxi-booking platforms have made huge strides, but the convenience they offer comes with an element of risk as well. Services like Didi Dache, Kuaidi Dache and Uber treat their drivers as contractors rather than employees, which limits...
China taxi app operator Didi Kuaidi raises record-breaking $2b
Chinese mobile ride-hailing app operator Didi Kuaidi has raised $2 billion in a round including new investors Ping An Ventures and Capital International Private Equity Fund. The transaction is understood to be the largest ever fundraising by a private...
Deal focus: VCs dine on Korea's MangoPlate
Nothing illustrates South Korea's obsession with food better than a new foodie craze called Mukbang.
China healthcare: The specialists
On the back of reforms and a rising consumer class, China's healthcare sector is expected to see huge growth. Sector specialists have emerged to capitalize on the opportunity. How can they differentiate themselves?