Funds
Government funds back Chinese P2P platform Huaguo
The government-backed Blue Economy Zone Industry Fund (Blue Fund) and Capital Science and Technology Group, the private equity arm of the Beijing local government, have led a Series A round of funding for Chinese peer-to-peer (P2P) lending platform Huaguo...
SAIF Partners leads $15m round for US monetization platform
SAIF Partners has led a $15 million Series B round of funding for Supersonic, a mobile app monetization firm based in San Francisco.
Temasek's Pavilion Capital leads $60m round for Rong360
Temasek Holdings’ Pavilion Capital has led a $60 million Series C round of funding for Rong360, a Chinese online search for loan products.
Hao, DCM, Baidu provide Series C for Beijing Wanxue Education
Hao Capital, DCM and Baidu have invested in a Series C round of funding for Beijing Wanxue Education, a Chinese online education service provider.
Darby PE backs Indian engineering consultancy
Darby Private Equity, a PE arm of Franklin Templeton Investments, has committed an undisclosed sum to Enzen Global Solutions, an Indian engineering consultancy.
China's JD Capital launches medical, energy funds
JD Capital has launched three renminbi-denominated funds to invest in the medical and energy sectors.
Helion leads Series A for mobile workplace provider
India’s Helion Venture Partners has led a $6.5 million Series A round of funding for Workspot, a cloud-based administration platform that allows users to access business applications and data via mobile devices.
Chinese education site Yuantiku raises $15m
Yuantiku, a Chinese online education platform, has raised $15 million in a Series C round of funding from existing investors IDG Capital Partners and Matrix Partners.
Gobi, CBC commit $8m in China KeyTone Cloud
Gobi Partners and China Broadband Capital CBC) have co-led a RMB50 million ($8 million) Series A round of funding for in KeyTone Cloud, a Chinese cloud computing platform.
Norwest backs Capillary retail solution
Buy anything online today and there is a good chance the seller not only knows what you bought, but who you are, where you are and what you like. E-commerce firms can now mine a wealth of information on their customers; traditional brick-and-mortar retailers,...
Vision Knight bets big on property site
Vision Knight Capital expects massive growth in three segments of China’s e-commerce market over the next three years – property, autos and home decorating. Hence the private equity firm’s willingness to provide the largest portion of a $80 million Series...
China M&A funds: Double team
Keen to consolidate their fragmented industries, Chinese companies are partnering up with PE firms to launch M&A funds. But do the GPs have the right skills and are third-party LPs willing to come on board?
China luxury goods site Secoo raises $100m Series D round
Secoo.com, a Chinese luxury goods e-commerce platform, has raised more than $100 million in a Series D round of financing led by CMC Capital Partners.
Sequoia leads round for China infant care online retailer
Sequoia Capital has led a $20 million Series B round of funding for Miyabaobei, a Chinese baby-care product online retailer.
Ventureast invests $3.6m in India's Polygenta
Ventureast Fund Advisors has invested INR220 million ($3.6 million) in Indian polyester yarn maker Polygenta.
Sequoia invests in China online wedding planner Daoxila
Sequoia Capital has invested in a Series B round of funding for Daoxila.com, a Chinese online wedding planner.
Japan fish app start-up raises $4.5m
Hachimenroppi, a Japanese start-up that operates an IT-enabled fresh fish distribution platform, has secured JPY450 million ($4.4 million) in funding from Recruit Holdings, YJ Capital, DeNA, and Monex Ventures.
VCs look beyond ad-driven business models - AVCJ Forum
Venture capital investment opportunities in Southeast Asia increasingly lie beyond the traditional advertising-driven monetization model, industry participants told the AVCJ Singapore Forum.
WestSummit, SAIF in $15.2m round for social analytics firm
WestSummit Capital and SAIF Partners have invested $15.2 million in NetBase, a US-based company that tracks social media.
Shenzhen Capital to exit e-commerce site via trade sale
Shenzhen Capital Group will exit Shenzhen Globalegrow E-commerce as the online platform use to sell Chinese products overseas is acquired by Shanxi Baiyuan Trousers Chain Management.
Steadview leads $21m round for India's Urban Ladder
Hong Kong-based hedge fund Steadview Capital has led a $21 million Series B round of financing for Urban Ladder, an Indian furniture online retailer.
Sequoia, Norwest commit $14m to India's Capillary Technologies
Existing backers Sequoia Capital and Norwest Venture Partners have contributed $14 million in Series B to Capillary Technologies, an Indian cloud-based retail customer relationship management (CRM) platform.
Distress fundraising: In credit?
Whether disillusioned by the returns from conventional private equity or seeking to diversify their exposure, LPs are more open to Asia credit strategies. The returns are there, provided you pick the right strategy.
Singapore online grocery retailer RedMart raises $23m
Singapore-based online grocery store RedMart has raised a $23 million Series B round led by gaming firm Garena, with participation from SoftBank Ventures, Visionnaire Ventures and Facebook co-founder Eduardo Saverin.