Funds
IDG, Morningside lead $60m round for China P2P car-rental site
IDG Capital Partners and Morningside Technologies have led a $60 million Series B round of funding for PPzuche, a Chinese peer-to-peer (P2P) car-rental provider launched by Singapore’s iCarsclub.
Matrix, SIG commit $20m to Tencent-backed laundry app
Matrix partners and SIG have committed $20 million in a Series A round of funding for Edaixi, a mobile laundry service app owned by Beijing-based laundry franchise Rongchain.
Intel invests in two Taiwanese tech firms
Intel Capital, the US chip maker's eponymous venture capital unit, has backed two Taiwanese start-ups as part of an overall $62 million investment across 16 technology ventures.
Pakistan online marketplace gets $3.5m from VCs
Pakistan online marketplace PakWheels.com has raised $3.5 million in funding from Malaysia-based venture capital fund Frontier Digital Ventures.
Helion provides Series A for Indian packaged food maker
Helion Venture Partners has provided INR350 million ($5.7 million) in a Series A round of funding for iD Fresh Foods, an Indian ready-to-cook packaged foods company.
Legend Holding invests in China P2P lending platform Eloancn
Legend Holdings, the parent company of Chinese computer maker Lenovo Group, has invested an undisclosed sumin Eloancn, a Chinese peer-to-peer (P2P) online lending platform.
Chinese courier mobile app wins backing from Tencent, Banyan
Tencent Holdings and Banyan Capital have invested $15 million in a Series A round of funding for Renren Kuaidi, a Chinese express delivery mobile app.
J-Star secures 5x exit from healthcare firm HCM - update
Japanese mid-market buyout firm J-Star has exited Tokyo-based healthcare service provider HCM Corporation to Alshok Group at an enterprise value of JPY8.88 billion ($78.7 million), generating a 5x cash multiple and a 60% IRR.
Sequoia leads $8m round for Indian car-rental firm Zoomcar
Sequoia Capital has led an $8 million round of funding for Zoomcar, an Indian car-rental start-up, alongside existing investors including Empire Angels, FundersClub, Basset Investment Group and Triangle Growth Partners.
DCM leads $30m Series B for China gay social app
DCM has led a $30 million Series B round of funding for Blued, a Chinese gay dating app.
DFJ-owned Wavemaker bolsters Southeast Asia team
Singapore-based early stage VC Wavemaker Pacific - a member of the DFJ Global Network - has appointed two tech entrepreneurs, Dennis Goh and Nix Nolledo, to its investment team.
Carlyle crosses $600m threshold on Japan fund
The Carlyle Group has crossed the halfway mark on its third Japan buyout fund, with approximately $600 million raised predominantly from domestic investors.
Catcha launches VC unit for Southeast Asia TMT deals
Southeast Asia-focused media company Catcha Group has launched a venture capital unit that will invest in new media, technology and mobile businesses throughout the region.
China's Highsun plans $245m entertainment, internet fund
Guangdong Highsun Group, Chinese property developer and chemicals producer, is launching a RMB1.5 billion ($245 million) PE fund that will invest in entertainment and internet-related assets.
BVCF-backed Jaguar Animal Health targets $54m US IPO
Jaguar Animal Health, a veterinary drugs developer backed by China-focused healthcare investor BVCF, is looking to raise as much as $54 million through a NASDAQ IPO.
India taxi-booking app gets $210m round led by SoftBank
India taxi-booking app Ola has raised $210 million in a Series D round of funding led by SoftBank. Existing investors Tiger Global, Matrix Partners India and Steadview Capital also participated.
NRI investors sue ICICI Venture for damages
ICICI Venture is being sued by a group of 69 non-resident Indian investors who are seeking $103 million in damages from over alleged losses from a property fund run by the GP.
Canada's Cycle Capital to enter China cleantech market
Canada-based cleantech investor Cycle Capital Management (CCM) will help set up a venture capital fund in Qingdao as part of an investment partnership with the eastern China city.
China mobile marketing firm Lomark raises $30m
A group of VC investors – DFJ DragonFund, KPCB, ABC Capital and Shenzhen Fortune Venture Capital – have committed $30 million in Series B funding to Lomark, a Chinese mobile advertising firm.
China photo-sharing app Blink secures $20m round
Blink, a Chinese photo sharing and messaging mobile app, has raised $20 million in Series A funding from Tencent Holdings, Sequoia Capital, H Capital, ZhenFund and Innovation Works.
CDH VC, Pine invest in China cloud service provider Upyun
CDH Ventures and Pine Capital have provided a Series A round of funding for Upyun, a Chinese cloud services specialist.
Tamarisc leads Series A round for Australia's Serraview
Australian software-as-a-service (SaaS) start-up Serraview has raised a Series A round of funding from US-based venture capital firm Tamarisc as it looks to expand into US markets.
PE-backed Luye Pharma to take full ownership of Beijing Jialin
Luye Pharma Group, a PE-backed Chinese drug maker, has taken full ownership of its industry peer Beijing Jialin Pharmaceutical, acquiring a 42.02% interest from existing PE shareholders.
Vertex leads investment in China household services app
Vertex Venture, an investment unit of Temasek Holdings, has led a Series B round for Ayibang, a Chinese housekeeping service booking app, with participation from Shunwei Capital Partners and Ceyuan Ventures.