Funds
Temasek completes acquisition of SVB India
Singapore's Temasek Holdings has completed its acquisition of SVB India Finance for INR3 billion ($48 million) and renamed the company. It will now be known as InnoVen Capital India.
China virtual reality headset maker raises $10m
Baofeng Mojing, a Chinese virtual reality headset manufacturer, has raised $10 million in a Series A round of funding led by film producer Huayi Brothers Media.
Q&A: Hera Capital's Thierry Panafieu
In six years of operation, Singapore’s Hera Capital has pursued a strategy focusing on small funds and quick deployment. Managing Partner Thierry Panafieu explains the virtues of staying small
Steady return on SE Asia infrastructure
Most of the commuters who take Malaysia’s Cheras-Kajang Highway each day likely don’t spare a thought for its operators unless they are paying a toll. It might be a source of national pride as one of the first four-lane dual carriageways in the nation,...
Fund-of-funds: Creatures great and small
Global fund-of-funds are looking to scale up and become more diversified, while many of their smaller counterparts are pursuing niche strategies. Is the model in a state of decline or a state of revolution?
Asia Alternatives raises $1.8b for funds, separate accounts
Asia Alternatives Management has closed $1.8 billion in new commitments from LPs, comprising $1 billion for co-mingled fund-of-funds and $800 million in separately managed accounts.
Baidu invests in another China ride-sharing app
Baidu has made its second investment in the Chinese ride-sharing app space in a matter of days, leading a Series C round for Tiantian Yongche, with participation from Sequoia Capital.
Dragoneer leads $10m round for India's ZopNow
Dragoneer Investment Group has led $10 million funding round for Indian online grocery retailer ZopNow. Existing investors Accel Partners, Qualcomm Ventures and Times Internet also participated.
China VC firm Qiming raises $75m annex fund
Qiming Venture Partners has raised a $75 million annex vehicle on top of its third US dollar-denominated fund for follow-on investments in existing portfolio companies.
GGV leads $10m Series B for China home decoration site Kujiale
GGV Capital has led a $10 million Series B round of funding for Kujiale, a Chinese interior decoration services platform.
Baidu leads Series C for China ride-sharing app 51yongche
Chinese search provider Baidu has led a Series C round of funding for 51yongche, a China-based ride-sharing mobile app. Sequoia Capital also participated.
Warburg Pincus exits India healthcare chain Metropolis
Warburg Pincus has exited its entire 27% stake in Indian healthcare chain Metropolis to the Shah family, one of the company's promoters. KKR backed the Shah family's buyback.
Sequoia, TR lead $50m Series C for India’s Urban Ladder
Urban Ladder, which claims to be India’s leading furniture-focused online retailer, has received $50 million in a Series C round of funding led by Sequoia Capital and TR Capital.
Legend leads Series C round for China’s UCloud
Legend Capital has led a Series C round worth approximately $100 million for UCloud, a Chinese cloud service provider, with participation from VMS Investment Fund, DCM, Bertelsmann Asia Investments (BAI) and GX Capital.
Sebastiaan van den Berg leaves HarbourVest
Sebastiaan van den Berg, Asia-based managing director with HarbourVest Partners, has left the firm after 10 years.
China installment payment platform Qufenqi raises $100m
Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments, has raised approximately $100 million in a new round led by Shenzhen-listed games developer Beijing Kunlun Tech.
India digital wallet app MobiKwik gets $25m Series C round
India-based digital wallet app developer MobiKwik has raised $25 million in a Series C round led by Tree Line Asia.
Chinese online finance site 9fbank secures $110m
9fbank.com, a Chinese internet finance platform, has raised a new round of funding worth $110 million.
Dianping leads round for China food ordering platform Meican
Chinese restaurant reviews and group-buying specialist Dianping has led a RMB140 million ($23 million) Series C round of funding for Meican.com, a local online food-ordering platform.
Intel launches accelerator to support Chinese entrepreneurs
Intel Corporation has committed RMB120 million ($19.3 million) to a China accelerator program that will help local entrepreneurs develop their business ideas.
Investors commit $850m to China’s Dianping
Dianping, one of China’s most popular sites for restaurant reviews and group-buying services, has received a $850 million round of investment that values the start-up at $4.05 billion.
PE-backed Prabhat Dairy, Dilip Buildcon file for India IPOs
India's Prabhat Dairy and Dilip Buildcon have filed for IPOs, providing an opportunity for their private equity backers to make partial exits.
IDB, Pertamina Pension Fund to set up private equity JV
The Islamic Development Bank (IDB) and Indonesia's Pertamina Pension Fund have agreed to set up a joint venture private equity firm to invest in infrastructure and other projects in Indonesia.
Legend Capital, SIG lead Series C for China’s PPDai
Legend Capital and SIG Asia Investment have led a Series C round of funding for PPDai, which claims to be the first and largest peer-to-peer (P2P) lending platform in China.