Funds
Softbank-backed Housing.com sees boardroom spat resolved
Rahul Yadav, the CEO of Indian property listing platform Housing.com has withdrawn his resignation from the start-up and issued an apology to its VC investors - which include SoftBank - after a very public spat.
GGV, Morningside back China real estate site Aiwujiwu
GGV Capital and Morningside Technologies have led a $120 million Series D round for Aiwujiwu, a Chinese rental and second-home listings portal. Existing investors Shunwei Capital Partners and Banyan Capital also participated.
Chinese drone maker gets $75m from Accel
Accel Partners has provided $75 million in funding to DJI, a China-based drone manufacturer. The investment is said to value the company at $8 billion.
Thailand payment services provider gets Series A round
Indonesian venture capital fund SMDV has a $2.6 million Series A round for Thailand-based payment solutions start-up Omise.
Australia mezzanine: Compromise solution
The rise of holdco PIK debt has created Australia-based financing structures in which senior lenders and mezzanine providers can coexist. They also offer GPs greater flexibility at what is, for now, an acceptable price
Indonesia infrastructure: Proceed with caution
Having promised a massive increase in infrastructure spending, Indonesia’s government wants foreign investors to help move projects along. Private equity players see opportunities, but also risks
Warburg Pincus leads round for China designated driver service
Warburg Pincus has led a $100 million Series D round of funding for eDaijia, a Chinese mobile-based service that connects users with temporary drivers for their vehicles. Two existing investors, Matrix Partners China and Lightspeed China Partners, are...
Fund focus: Unison hones in on South Korea
Comparisons can be drawn between Unison Capital’s debut Korea buyout fund and its first Japan vehicle raised more than 15 years ago. The targets are small- to mid-size companies that have growth potential but need help realizing it, particularly in...
Deal focus: 2C2P plots regional expansion
Southeast Asia-focused payments provider 2C2P has made substantial progress in Myanmar over the last 12 months. It has introduced the country’s first mobile-based point-of-sale payment solution, issued prepaid cards that link to a mobile app, and launched...
Unison closes debut Korea fund at $280m - update
Japan-based private equity firm Unison Capital has closed its first-ever Korea-dedicated buyout fund at approximately KRW300 billion ($280 million).
NewMargin leads $200m round for China advertising platform
NewMargin Ventures has led a $200 million Series B round for Panshi Information Technology, valuing the Chinese digital marketing platform at $1 billion.
Australian web design start-up Canva raises $6m
Canva, an Australian platform that allows amateur designers to create web graphics using drag-and-drop tools, has raised $6 million in a fresh round of funding led by existing investors Matrix Partners and Shasta Ventures.
Indonesia's Kudo gets Gree Ventures, East Ventures backing
Japan's Gree Ventures and East Ventures have led a undisclosed Series A round investment in Indonesian online-to-offline (O2O) e-commerce start-up Kudo.
CVC adds to Japan team
CVC Capital Partners has boosted its Japan team with two hires from domestic GP Advantage Partners. Atsushi Akaike and Yukinori Sugiyama have joined as partner and senior managing director, respectively.
IDG, Goldman back US bitcoin start-up's China expansion
IDG Capital Partners and Goldman Sachs have invested $50 million in US-based bitcoin start-up Circle with a few to funding its expansion into China.
China's Fosun to acquire remaining interest in Ironshore
China's Fosun International is seeking to fully acquire US insurer Ironshore, offering $1.8 billion for an 80% stake.
China VC firm Banyan closes $100m co-investment fund
Chinese venture capital firm Banyan Capital has closed its latest co-investment fund at $100 million, having spent just one month in the market.
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,...