Funds
CapAsia exits Malaysia toll road
Southeast Asia infrastructure investor CapAsia has sold its stake in Malaysia’s Cheras-Kajang Highway to a joint venture between Taliworks Corp. and Employees Provident Fund for MYR80 million ($21.9 million).
India Value Fund Advisors in $500m first close on Fund V
India Value Fund Advisors has reached a first close of $500 million on its fifth Indium fund, which has a hard cap of $700 million.
GGV, Shunwei invest in China education site Xiaozhan Jiaoyu
GGV Capital and Shunwei Capital Partners have co-led a $29 million Series B round of funding for Xiaozhan Jiaoyu, a Chinese online education platform that focuses on students studying abroad.
China’s JD.com to launch equity crowdfunding platform
Chinese online retailer JD.com has launched an equity crowdfunding platform through which local entrepreneurs can raise capital from potential early-stage investors.
IDFC Alternatives to buy stake in Indian power project
IDFC Alternatives has agreed to buy a 23.5% stake in ONGC Tripura Power Company (OTPC) for INR4.26 billion ($68.5 million). The purchase will be made through the India Infrastructure Fund II.
VIDEO: Navis Capital Partners' Rodney Muse
Nothing is off limits now when LPs are conducting due diligence on private equity firms as investors respond to issues such as regulatory change, according to Rodney Muse, co-founder and managing partner of Navis Capital Partners
India's AppsDaily raises 16m Series C from Zodius, others
Zodius Capital has led a $16 million Series C round for Indian mobile app developer and distributor AppsDaily, with participation by current investors Kalaari Capital, ru-Net Ventures and Qualcomm Ventures.
Mayfield, Kalaari back India-based travel itinerary site
Kalaari Capital and Mayfield have committed $3 million in Series B funding to Indian travel planning site TripHobo.
India microfinance: Acorns to oaks
Several large funding rounds – plus the birth of a new bank – have shown how far India’s microfinance institutions have come in just four years. But more is to come, and more VC backing will be required
Baring branches into real estate
BPE Asia Real Estate, the property-focused affiliate of Baring Private Equity Asia, picks its markets based on entry price per square foot. When investing in property developments, this is inextricably tied to land costs.
India's LimeRoad raises $30m Series C round
Tiger Global has led a $30 million Series C round of funding for India LimeRoad, an online social discovery platform aimed at women. Lightspeed Venture Partners and Matrix Partners India also took part in the round.
Baring Asia closes debut real estate fund
Baring Private Equity Asia’s real estate affiliate has closed its debut fund with $365 million in commitments. The first two investments have also been completed in South Korea and the Philippines, respectively.
Magma Fincorp raises $80m from KKR, Leapfrog, IVFA
Magma Fincorp, an Indian non-banking finance company (NBFC), has raised INR5 billion ($80 million) from KKR, LeapFrog Investments, and India Value Fund Advisors' (IVFA) Indium V.
Mercurius Capital launches $80m PE fund with Chinese firm
Mercury Capital Investment, a subsidiary of Singapore-listed Mercurius Capital Investment, has teamed up with a Chinese real estate developer to launch a RMB500 million ($80 million) PE fund targeting urbanization projects in China.
Banyan leads $50m Series A for China education platform
Banyan Capital has led a $50 million Series A round of funding for Genshuixue, committing $41 million to the online education platform.
PE-backed Meinian Onehealth to list via reverse merger
Meinian Onehealth Healthcare Group, the largest private provider of preventive healthcare check-up services in China and a portfolio company of The Carlyle Group among others, plans to list in Shenzhen through a reverse merger with Jiangsu Sanyou Group.
India's IL&FS divests stake in Maharashtra Natural Gas
IL&FS Investment Managers has fully divested its stake in Maharashtra Natural Gas (MNGL) to Indraprastha Gas (IGL), securing a cash multiple of 4.1x.
IDG commits $24m to Kingsoft’s cloud computing unit
IDG Capital Partners has agreed to invest $24.06 million in Kingsoft Cloud Group as part of a funding round led by the cloud computing venture’s parent company, Kingsoft.
CMC, New Horizon lead $60m round for China education site
CMC Capital Partners and New Horizon Capital have co-led a $60 million Series D round of funding for Yuantiku, valuing the Chinese online education platform at $360 million.
Maybank, 1337 Ventures launch fintech accelerator
Malaysian financial group Maybank has set up a financial technology (fintech) accelerator with local early-stage investor 1337 Ventures.
Tiger Global leads Series A for Indian social network Roposo
Indian fashion-centric social network Roposo has raised $5 million in Series A funding led by Tiger Global.
China sex toy online retailer Chunshuitang raises $13m
New Margin Ventures and Shenzhen Cowin Capital have committed RMB80 million ($13 million) in a Series B round of funding for Chunshuitang.com, a Chinese sex toy e-commerce site.
Indian condiments maker to back PE fund
Indian condiment maker Eastern Group will back a INR1.25 billion ($19.9 million) private equity fund in partnership with venture capital firm CapAleph Advisors.
ChinaEquity leads Series B round for education site Juesheng
ChinaEquity, a Beijing-based private bank engaging in PE and VC investments, has led a Series B round of funding for Juesheng.com, a Chinese education-focused online marketplace.