Funds
New Horizon, Addor Capital back China rural e-commerce play
New Horizon Capital and Addor Capital, a PE firm under Govtor Capital, have participated in a RMB500 million ($81 million) Series A round of financing for Huitongda, an online home appliance retailer that focuses on China’s rural areas.
IFC, Axon, Intel Capital commit $13.5m to India's NxtGen
IT infrastructure services provider NxtGen Technology has raised $13.5 million in Series B funding from International Finance Corporation (IFC), Axon Partners Group and Intel Capital.
Korean restaurant site MangoPlate raises $6.1m
South Korean restaurant discovery platform MangoPlate has raised $6.1 million from a group of corporate VC backers including Qualcomm Ventures, SoftBank Ventures Korea, and Yahoo Japan's YJ Capital.
Qiming promotes William Hu to managing partner
China VC firm Qiming Venture Partners has promoted healthcare specialist William Hu to managing partner with immediate effect.
TA invests in India's Atria, IVFA rolls over stake
TA Associates will join India Value Fund Advisors (IVFA) to buy about 95% of Indian broadband service provider Atria Convergence Technologies (ACT). IVFA's India Value Fund III, ACT's current majority shareholder, will exit most of its stake and roll...
Q&A: Clearwater Capital Partners' Robert Petty
Robert Petty, managing partner and co-founder at Clearwater Capital Partners, explains why a strong credit and special situations investment strategy in Asia often involves going against the grain
US infrastructure: Mind the gap
The fact that the US needs to improve much of its public infrastructure is undisputed. But the fragmented nature of the market and politicization of deals still leave private investors frustrated
Late-stage tech: Hedging bets in India
Everyone is trying to get of the piece of tech story in India and US hedge funds are not different, but what will their entry into the early stage rounds mean for the broader venture capital industry
China tech: From Beijing to the Bay Area
Chinese technology companies are becoming more interested in backing US start-ups, with some groups even building local teams in Silicon Valley. What does this mean for the start-up community?
Formation 8 to raise Asia VC fund
US venture capital firm Formation 8 is looking to raise a $400 million Asia fund to connect start-ups in the region with Silicon Valley.
Bespoke solutions offer path into Japan's local private debt space - AVCJ Forum
Low interest rates have restricted the scope for foreign private debt and mezzanine funds in Japan, though offering bespoke solutions to local businesses is an attractive opportunity, say industry participants.
IDG Ventures India founder Manik Arora to leave firm
Manik Arora, founder and managing director of IDG Ventures India, will leave the venture capital firm.
Nokia Growth leads Series B for India's Indix
Nokia Growth Partners has led a $15 million Series B round for Indian cloud-based analytics start-up Indix. Existing investors Nexus Venture Partners and Avalon Ventures took part in the round as well.
Chinese tutor app Changingedu.com raises $100m
TAL Education Group, a US-listed K-12 after-school tutoring service provider, has led a $100 million Series C round for Changingedu.com, a China-based platform that connects private teachers with students.
Investors commit $347m to Australian wind farm
Partners Group has led a A$450 million ($347 million) investment in Australia's Ararat Wind Farm project, alongside General Electric (GE), Renewable Energy Systems (RES), and Canadian pension fund OPTrust.
VCs commit $20m to China logistics cloud solution provider
IDG Capital Partners, Matrix Partners and Yunqi Ventures have provided $20 million in Series A funding to Olymtech Corporation, a Chinese cloud solutions specialist that focuses on the logistics industry.
Allegro closes Australia distress fund at $139m
Australian turnaround specialist Allegro Funds has closed its second vehicle at A$180 million ($139 million) and expects to see plenty of deal flow from domestic banks seeking alternative solutions to pushing distressed companies into insolvency.
Former Matrix China director launches RMB VC fund
Roger Hu, a director at Matrix Partners China, has teamed up with Yi Zheng, formerly vice president at Chinese dating app Momo, to launch a renminbi-denominated early-stage fund.
Morningside, IDG provide Series B round for China’s AllMobilize
Morningside Technologies and IDG Capital Partners have invested in a Series B round of funding for AllMobilize, a Chinese start-up that helps companies create websites that are adaptive to mobile devices.
Sequoia, Kae lead round for India logistics marketplace
Sequoia Capital and Kae Capital have led a INR350 million ($5.5 million) Series A round for Indian online logistics marketplace Porter, with participation from three strategic angel investors.
Alibaba, Ant Financial form JV to invest in China’s O2O service
Alibaba Group and its financial affiliate Ant Financial plan to invest nearly $1 billion in a joint venture that will tap into China’s local online-to-offline (O2O) services market, initially focusing on the food and beverage segment.
Matrix, SAIF back India-based hotel start-up
Treebo, an Indian online budget hotel chain, has raised a $6 million Series A round led by Matrix Partners India and SAIF Partners.
Hamilton Lane raises $1.5b for global co-investment fund
Hamilton Lane has reached a final close of $1.5 billion for its third co-investment fund, exceeding the $1 billion target.
Deal focus: Qiming sees Tuhu as agent of disruption
When it comes to using technology to disrupt China’s auto industry, private equity and venture capital funding appears to have targeted almost every corner of the space.