Funds
China's Huakang Mobile Healthcare raises $32m from VCs
Yunfeng Capital, Shenzhen Cowin Capital, New Horizon Capital and Hunan Haijie Healthcare Investment have provided RMB200 million ($32 million) in Series B funding for Huakang Mobile Healthcare, a Chinese mobile healthcare app developer.
Mitsui leads $21m round for India's Naaptol
Japanese trading house Mitsui has led a INR1.36 billion ($21 million) round for India home shopping and e-commerce start-up Naaptol Online Shopping. Existing investors New Enterprises Associates (NEA), Canaan Partners and Saama Capital also took part....
J.P. Morgan buys Canaan's India portfolio
J.P. Morgan Asset Management has acquired Canaan Partners’ India venture capital portfolio through a secondary transaction said to be worth around $200 million.
SAIF leads $3.5m Series A for India start-up tracker
Tracxn, an Indian data analytics firm that aims to be the "Gartner of start-ups," has raised a $3.5 million Series A round led by SAIF Partners.
Greycroft, Fidelity lead $6m round for India's Icertis
Indian cloud enterprise start-up Icertis has raised $6 million in a Series A round led by Greycroft Partners and Fidelity Growth Partners India.
Fund focus: Brandon secures super fund support
With A$78 billion ($61 billion) in assets, AustralianSuper is said to struggle to make fund commitments of less than A$150 million. Yet it is one of several superannuation funds backing Brandon Capital’s latest life sciences VC vehicle, which has closed...
Scaling up in financial comparison
Moneysupermarket.com started out in 1993 as an offline provider of mortgage information to financial intermediaries. It went online six years later as a retail business, allowing UK consumers to search and compare different mortgage products. Credit cards,...
Singapore's TradeGecko seals Series A round
When brothers Cameron and Bradley Priest, and Carl Thompson, arrived in Singapore from New Zealand to join start-up accelerator JFDI.Asia in 2012, the idea was to create a mobile app that would connect e-commerce companies with third-party platforms through...
Southeast Asia payment platforms: Who pays?
When Philippine Long Distance Telephone (PLDT) bought a 10% stake in e-commerce incubator Rocket Internet for $444 million last year, the agreement had a notable addendum: the companies would develop a payments and remittance infrastructure for Rocket’s...
China online movie ticket app Weiying raises $105m round
Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has completed a Series B round of funding worth $105 million.
Southeast Asia payments provider 2C2P gets Series C round
Southeast Asian payment services provider 2C2P has raised $7 million in Series C funding from investors including Amun Capital and GMO Venture Partners.
Fosun, Tencent lead $35m round for US medical device start-up
China's Fosun International and Tencent Holdings have led a $35 million Series B round for Scanadu, a US-based medical technology start-up working on devices that can send diagnostic tests directly to smart phones.
Singapore doctor discovery platform DocDoc raises $8.5m
DocDoc, the Singapore-based start-up behind the Asian doctor discovery platform of the same name, has raised a Series A round worth S$11.5 million ($8.5 million) from US and Korea-based SparkLabs Global Ventures, and Malaysian conglomerate Hong Leong...
BlueRun closes third China VC fund at $200m
BlueRun Ventures has closed its third China-focused venture capital fund at $200 million, targeting early stage start-ups.
Bangladesh-based SureCash gets $7m Series B round
Bangladeshi mobile banking and payments operator SureCash has raised a $7 million Series B round of funding from Asian frontier market investor Osiris Group.
SEBI considers allowing India VC funds to boost overseas exposure
The Securities and Exchange Board of India (SEBI) is to revise rules governing locally-registered VC funds, allowing them to invest up to a quarter of the their capital overseas - provided the companies hold some operations in India.
Accel, SAIF in $12m Series B round for Coverfox
Indian online insurance marketplace Coverfox has raised a INR750 million ($12 million) Series B round from existing investors Accel Partners and SAIF India.
Biocon to list IVFA-backed India CRO unit
Indian biopharmaceutical firm Biocon has filed for an IPO for its research arm Syngene International, which is backed by India Value Fund Advisors (IVFA).
DBS, Hong Kong's Nest to launch fintech accelerator
DBS Bank has partnered with Hong Kong-based seed investor Nest to launch a financial technology (fintech) accelerator program.
Mayfield leads Series C for Indian education tech start-up
Mayfield has led a $15 million Series C round for Indian IT certification start-up Simplilearn, with participation from previous investors Kalaari Capital and Helion Venture Partners.
Southeast Asia Netflix clone gets $30m in funding
Iflix, a Southeast Asian video-on-demand platform with a similar business model to Netflix, has received $30 million from Catcha Group and Philippine Long Distance Telephone Company (PLDT).
Australia's CHAMP PE hires ex-CVC executive
Australian GP CHAMP Private Equity has hired Graham Brooke, a former executive with CVC Capital Partners, as a managing director based in Sydney.
Financial comparison site CompareAsiaGroup gets $40m round
CompareAsiaGroup, a primarily Southeast Asia-focused service that allows consumers to compare different financial products, has completed a $40 million round of funding that will be used to support further expansion.
Integral, ANA agree joint sponsorship of Japan's Skymark
Tokyo-based private equity firm Integral Corp. has reached an agreement with local airline operator ANA Holdings to invest JPY18 billion ($150 million) in ailing Japanese carrier Skymark.