Funds
Singapore's TradeGecko receives NSI, Jungle backing
Singapore-based inventory management platform TradeGecko has raised a $6.5 million Series A round of funding led by NSI Ventures and existing investor Jungle Ventures.
Keytone leads $20m round for China auto service site
Keytone Ventures has led a $20 million Series A round of funding for Chemayi, a Chinese auto after-sales service platform.
Japan crowd translation start-up raises $5.4m
Japan's Recruit Holdings has led a $5.4 million Series C round of funding for crowdsourced translation company Gengo.
Lexington raises largest ever secondaries fund
Lexington Partners reached a final close on its eighth global secondaries fund at the hard cap of $10.1 billion. It is the largest dedicated secondaries vehicle ever raised.
I Squared closes debut global infra fund at $3b
I Squared Capital, a private equity firm set up by former Morgan Stanley managers, has closed its first global infrastructure fund at $3 billion.
Brandon raises $154m for Australia life sciences fund
Australian life sciences-focused VC firm Brandon Capital has reached a A$200 million ($154 million) final close on its latest vehicle - the Medical Research Commercialisation Fund 3 (MRCF 3).
PE, Alibaba-backed Baozun to list in the US
Baozun, a Chinese e-commerce platform solutions provider, has filed for an IPO in the US. Backers include Alibaba Group, SoftBank Corporation, Goldman Sachs, Crescent Group, Infinity Group and New Access Capital.
India's Freshdesk raises $50m Series E from existing investors
Online customer support start-up Freshdesk has raised $50 million in Series E funding from existing investors Tiger Global Management, Google Capital and Accel Partners.
India classifieds platform raises $28m from GIC, Norwest
Singapore’s GIC Private has led a Series C round of funding worth INR1.75 billion ($28 million) for Sulekha.com, an India-based classifieds platform based in India. Existing investor Norwest Venture Partners (NVP) also participated.
India's Robosoft gets Series B round, spins out subsidiaries
Indian mobile app developer Robosoft will spin off its subsidiaries after receiving a INR740 million ($11.8 million) Series B round led by Ascent Capital, with participation by existing investor Kalaari Capital.
CBC leads $10m round for Chinese auto repair start-up Kalading
Chinese auto repair start-up Kalading has raised a $10 million Series A round led by CBC Capital. Existing investor Gobi Partners also participated, as did Geek Partners.
China’s 58.com buys stake in VC-backed rival Ganji
US-listed Chinese classifieds site 58.com has agreed to buy a 43.2% stake in its domestic rival Ganji.com in a deal worth around $1.61 billion. It is part of a broader consolidation in China’s internet industry.
BlueRun commits $10m to China securities trading site
BlueRun Ventures has committed $10 million in a Series A round of funding to Mazhan.com, a Chinese online margin trading platform.
VC-backed Chinese credit card management app raises $50m
U51.com, a VC-backed credit card management mobile app, has raised $50 million from Shanghai-listed property developer Xinhu Zhongbao.
India's IDFC targets $400m private equity fundraise
IDFC Alternatives is preparing to launch its latest private equity fund soon, which will have a target of $400 million.
Sprinklr raises Series A round to launch Japan unit
US-based social media management software developer Sprinklr has raised JPY1 billion ($8.4 million) in a Series A round to support its Japan branch, with participation by Recruit Holdings and Suneight.
DCM invests $3m in China’s Udesk
DCM has committed $3 million in a Series A round of funding to Udesk, a China-based customer service outsourcing business.
Asian LPs back Israel-based Viola’s $250m fund
At least six Asian investors are LPs in the latest fund being raised by Israel-based technology growth capital and buyout firm Viola Private Equity, which reached its targeted amount of $250 million.
Japan's Dentsu launches $42m corporate venture fund
Japanese advertising agency Dentsu has established a new corporate venture capital arm, Dentsu Ventures, and launched a new fund with a corpus of JPY5 billion ($42 million).
NEA closes giant $2.8b global VC fund
New Enterprise Associates (NEA) has reached a final close on its 15th global flagship fund at $2.8 billion, and raised an additional $350 for a new co-investment vehicle - NEA 15 Opportunity Fund.
China’s Ninebot raises $80m, acquires Segway
Ninebot, a China-based electric scooter manufacturer, has bought its US-based rival Segway for an undisclosed sum and raised $80 million in Series A funding.
India's Grofers raises $35m Series B from Tiger, Sequoia
India-based online grocery marketplace Grofers has raised a Series B round of funding worth $35 million from Tiger Global and Sequoia Capital.
Accel, Recruit Holdings back Australia's 99designs
Australia-founded online design marketplace 99designs has raised $10 million in a Series B round led by Recruit Strategic Partners, with existing investor Accel Partners also participating.
PE consortium closes in on Korea's Ticket Monster - report
A group of private equity investors including KKR is set to buy Korean e-commerce mobile app Ticket Monster from US-based Groupon in a deal that could value the company as highly as $800 million.