Funds
VC-backed Indian e-commerce giant Flipkart acquires Myntra
VC-backed Indian online shopping company Flipkart has acquired fashion retailer Myntra as competition intensifies in the country's e-commerce market.
TPG closes sixth Asian fund at $3.3b
TPG Capital has closed its sixth pan-Asia fund at $3.3 billion after more than two years in the market.
ICICI Venture-backed India theme park operator files for IPO
Adlabs Entertainment, the ICICI Venture-backed firm behind theme park Adlabs Imagica, wants to raise more than INR4 billion ($68 million) through an India IPO.
China audio platform Ximalaya raises $11.5m
Ximalaya, a Chinese audio sharing platform, has raised $11.5 million in a Series A round of funding from KPCB, SIG China and Sierra Ventures.
India's Snapdeal raises $100m in new funding
Temasek Holdings, BlackRock, Premji Invest and Hong Kong-based investors Myriad Asset Management and Tybourne Capital Management have together invested $100 million in Jasper Infotech, the Indian e-commerce company behind Snapdeal.
Chinese group-buying site 55Tuan secures $50m
55Tuan, a Chinese group-buying site, has received $50 million in a new round of funding from existing investors, including CDH Investments and Zero2IPO Capital.
China Soft Capital, Yangquan Coal form $480m industry fund
China Soft Capital (CSC) and Yangquan Coal Industry Group have launched an industry buyout fund with a target of RMB3 billion ($480 million).
SSG raises $915m for Asia special situations fund
SSG Capital Partners has closed its third Asia special situations fund at the hard cap of $915 million after approximately five months in the market.
Legend Capital closes sixth China VC fund at $500m
Chinese venture capital firm Legend Capital has reached a final close of $500 million on its sixth US dollar-denominated fund.
CVC to acquire Executive Centre from Headland
CVC Capital Partners has agreed to buy Hong Kong-based serviced office provider The Executive Centre (TEC) from Headland Capital Partners for an undisclosed sum.
Matrix India backs Chumbak Design
Matrix Partners India has made an investment in Chumbak Design, a Bangalore-based design-led consumer products company that makes tech accessories, bags and wallets and souvenirs.
IDG commits $1m to Hong Kong start-up AfterShip
AfterShip, a Hong Kong start-up that runs a package tracking platform, has received $1 million in Series A funding from IDG Capital Partners.
Early stage Japan: Accelerating Tokyo
The numbers suggest that early-stage investing is in the midst of a renaissance in Japan. While the emergence of incubators and angels is encouraging, the start-up community still lacks depth
Policy vacuum?
Everyone wants to be Silicon Valley. Beijing's Zhongguancun area, Bangalore in India and Tokyo's Shibuya district are among those to earn versions of the moniker by virtue of their technical might. Hong Kong and Singapore have lofty but as yet unrealized...
VCs back iYogi's Spanish strategy
Bearing in mind Spanish has the second- largest number of native speakers in the world - 410 million - after Mandarin, it is little wonder that many businesses see the value in learning the language. India-based technology support services provider iYogi...
Separate accounts: Special treatment
Separate accounts are a tailored and cost effective means through which large institutions can access portfolios of GPs. Though increasingly popular in Asia, they are not suitable, or appealing, to all
CVC hits hard cap for Asia
Three of the last four investments in CVC Capital Partners' third pan-Asian fund were China control deals, and two of them involved restaurants. The Fund IV portfolio will be more diversified - encompassing retail, healthcare and financial services as...
Small still beautiful for Riverside
The story of private equity in Asia is largely one of rising fund sizes and ever larger equity checks. The Riverside Company plans on staying small - a segment it has occupied globally for over 25 years. The mid-market buyout player sees a huge opportunity...
India to see rise in restructuring opportunities - PE survey
India will see a sharp increase of corporate restructurings over the next 12 months, driven by corporate debt and liquidity issues, according to a PE industry survey by global business advisory firm AlixPartbers.
Japan's Next Capital exits massage chair maker to Asahi
Next Capital has agreed to exit its stake in Fuji Medical Instruments (Fujiiryoki), a Japanese manufacturer of massage chairs and other health-related products, to Asahi Holdings for JPY7.8 billion ($76.7 million).
Century Bridge invests $60m in China residential developments
Sino-US real estate investor Century Bridge Capital has committed $60 million to two joint venture developments in China.
Taiwan's National Development Fund targets tech investments
Taiwan’s National Development Fund has committed NT$1.15 billion ($38 million) to local polysilicon maker Powertec Energy Corporation and a biomedical-focused fund owned by China Development Industrial Bank (CDIB).
CVC announces final close of $3.5b on fourth Asian fund
CVC Capital Partners has announced a final close on its fourth pan-Asian fund at the hard cap of $3.5 billion. The vehicle has spent just under a year in the market, having launched in June 2013 with a target of around $3 billion.
VC-backed Jumei gains 10% on trading debut after $245m IPO
Jumei International Holding, a Chinese online beauty products retailer backed by several VC investors, saw its stock jump nearly 10% on its US trading debut on Friday, following a $245.1 million IPO.