Funds
India biopharma player Vyome gets $14m Series C
Indian biopharmaceutical company Vyome Biosciences has raised a $14 million Series C funding round led by US investors Perceptive Advisors and Romulus Capital.
Jaganath Swamy leaves HarbourVest to lead start-up
Jaganath Swamy, a vice-president at HarbourVest Partners, has left the firm to join Good Parents, a health and wellness-focused start-up based in San Francisco and Hong Kong.
Malaysia's Ekuinas sells 20% stake in Alliance Cosmetics to Navis
Navis Capital Partners has paid MYR61.8 million ($15.3 million) to Malaysian government-backed PE firm Ekuinas for a 20% stake in local cosmetics brand Alliance Cosmetics Group.
Blue Sky founder Mark Sowerby to step back
Mark Sowerby, founder and managing director of Australia-based Blue Sky Alternative Investments, will retire from the firm.
Brand Capital commits $19m to India's Quikr
Brand Capital, an investment arm of The Times Group, has invested INR1.3 billion ($19 million) in Indian online classifieds services provider Quikr.
PE-backed consortium withdraws take-private bid for China's Momo
An investor consortium that includes several private equity firms has withdrawn their take-private offer for Chinese mobile dating app Momo.
New Zealand's Oriens Capital raises $21.8m
New Zealand private equity firm Oriens Capital has received commitments for its debut fund in excess of the vehicle’s first-close target of NZ$30 million ($21.8 million).
China online finance site Lancai raises $24m
Chinese online finance platform Lancai.com has raised a RMB180 million ($27 million) Series B round of funding led by Leshi Internet Information & Technology, also known as LeEco. Existing investor Legend Capital also participated.
India's Scale Ventures buys Guerrilla Ventures portfolio
Scale Ventures, a recently launched Indian venture capital firm, has acquired the portfolio of seed-stage investor Guerrilla Ventures.
Deal focus: Tutwo cuts out the middleman
CDIB Capital commits $30 million to China's Tutwo Outdoor to help its supply chain consolidation play
China state asset manager launches $30b VC fund
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
China Everbright reaches first close for global fund
China Everbright has reached a first close of $264 million on a new global investment fund.
China B2B food products platform secures $18m
You Pei Liang Pin, a Chinese B2B online food products supplier, has raised a RMB120 million ($18 million) funding round led by PE-backed online fresh-food retailer Yiguo and Chinese conglomerate GMK Group.
Deal focus: Bringing beauty to the masses
GGV expands its support of China's beauty-focused online commerce platforms with an investment in Xiao Hong Chun
China Post backs ride-hailing app Didi Chuxing
Didi Chuxing, China’s largest ride-hailing app operator which is set to acquire its rival Uber China, has received a strategic investment from China Post, a state-owned enterprise operating the official postal service in the country.
China's K2VC closes $150m growth-stage RMB fund
K2VC, a Chinese early stage VC firm, has closed a new renminbi-denominated fund worth RMB1 billion ($150 million). It will target investments in growth-stage Chinese start-ups.
Quadrant raises $754m for Australia mid-market fund
Australian GP Quadrant Private Equity has closed its eighth fund - and fifth as a fully independent entity - at A$980 million ($754 million). As with the previous fundraise in early 2014, the process was completed in approximately one month.
IFC commits $45m to two China funds
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $45 million between two Chinese PE funds.
China's Douyu TV raises further $226m
Douyu TV, a Chinese online platform that features live videos of people playing games, has raised a RMB1.5 billion ($226 million) Series C round of funding led by Phoenix Investments and existing investor Tencent Holdings.
China female social networking site Meet You raises $151m
Meet You, a Chinese social networking platform for women, has completed a new round of funding worth RMB1 billion ($151 million), having removed its variable interest entity (VIE) structure in preparation for an onshore listing.
China smart bike maker Tsinova raises $23m
Tsinova, a Chinese smart bicycle manufacturer, has closed a RMB150 million ($23 million) Series B round led by THG Ventures, a venture capital firm backed by state-owned Tsinghua Holdings.
India's Suryoday Micro Finance raises $15m, Aavishkaar exits
Indian micro-finance institution (MFI) and non-banking finance company (NBFC) Suryoday Micro Finance has raised INR1 billion ($15 million) in fresh capital, with Aavishkaar Goodwell fully exiting the company in a separate transaction.
MDI leads funding round for Singapore's Red Dot
Metra Digital Innovation Ventures (MDI), the corporate venture arm of state-controlled telecommunications firm Telkom Indonesia, has led a funding round for Singapore-based online payment solutions provider Red Dot Payment.
ICICI in $15m exit from India's TeamLease
ICICI Venture has exited nearly all of its remaining stake in Indian staffing services company TeamLease for INR1 billion ($15 million).