Venture
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
Technology Crossover Ventures leads Series B for Australia's Siteminder
Australian hotel booking start-up SiteMinder has raised $30 million in funding led by Palo Alto-based Technology Crossover Ventures (TCV).
Helion backs India language localization firm
Pune-based LinguaNext has raised a Series A round of funding from Helion Venture Partners to expand its international business. Financial terms of the deal were not disclosed.
Boston Scientific leads round for VC-backed Amaranth Medical
Amaranth Medical, a medical device manufacturer backed by Singapore’s Bio*One Capital and Phillip Private Equity, has received a Series C round of funding from US-listed Boston Scientific.
SoftBank leads $120m round for Chinese app platform Wandoujia
SoftBank Corp. has led a $120 million Series B round of funding for Wandoujia, a Chinese Android mobile app platform. Existing investors DCM and Innovation Works Development Fund (IWDF) also participated in the round.
India Awards: Venture Capital Deal of the Year – Snapdeal
Having brought in eBay as a financial and a strategic partner for its Series C round, online marketplace Snapdeal continues to invest in its technology with one eye on profitability and ultimately a US IPO
India Awards: PE Professional of the Year – Ravi Adusumalli
SAIF India defied a challenging exit market by taking Just Dial public and selling CSS Corp via a trade sale in 2013. Ravi Adusumalli, the firm’s managing partner, sees the weak IPO market as a mixed blessing for PE
Facebook buys VC-backed Little Eye Labs
Within 19 months of starting-up, Bangalore-based Little Eye Labs was snapped up by Facebook to take the social network’s mobile development to the next level. Little Eye Labs was also in talks with Twitter, but Facebook ended up offering a better deal....
BVCF supports anti-viral drug innovation
Since the discovery of RNA interference (RNAi), a natural mechanism for regulating gene expression, in the 1990s, billions of dollars have been invested by the world’s pharmaceutical giants in using this technology to develop therapeutic drugs. A particular...
Qiming hires ex-GGV partner to cover consumer internet space
Qiming Venture Partners has hired Helen Wong, formerly of GGV Capital, as a partner with responsibility for investment in the internet and consumer sectors. The move comes a few months after her predecessor in the role, Hans Tung, left Qiming for GGV.
Canara Bank targets $81m for sixth India VC fund
Canbank Venture, a subsidiary of India’s Canara Bank, plans to start fundraising in April for its sixth VC fund, with a target of INR5 billion ($81.6 million).
Sequoia leads $13m investment in India's BankBazaar.com
Sequoia Capital has led a $13 million round of investment in Indian financial services portal BankBazaar.com. Walden International, which invested $6 million in the company in 2011, also participated in the round.
Cloud billing platform ChargeBee gets Series A backing from Accel
Accel Partners has led an $800,000 Series A round of investment in ChargeBee, an Indian start-up that helps companies manage their subscription billings.
Indonesia’s Bakrie group leads $25m Path round
Indonesian conglomerate The Bakrie Group has reportedly led a $25 million Series C round of funding for Path, a San Francisco-based social network platform. Existing investors also participated in the round, including Greylock Partners, KPCB, Index Ventures,...
Milestone Capital invests in China animation producer Joyworks
China-focused Milestone Capital has invested in a Series A round of financing for Peking Joyworks Culture and Media, a Beijing-based online animations and comics producer. The specific investment amount was not disclosed but the company said it was tens...
Facebook buys VC-backed Indian start-up Little Eye Labs
Facebook has acquired Ventureast and GSF Superangels-backed start-up Little Eye Labs, reportedly paying around $15 million for the Android app optimizer.
Omaha Capital leads $30m round for China jewelry maker
Hong Kong-based Omaha Capital has led a $30 million Series C round of funding for Bloves, a Shenzhen-based manufacturer of customized wedding rings.
Lightspeed leads Series B for China cloud services provider
Lightspeed China has led a $20 million Series B round of funding for Chinese cloud services provider QingCloud. Matrix Partners and existing investor BlueRun Ventures also participated.
Asian Healthcare Fund leads Series B for Forus Health
Asian Healthcare Fund (AHF) has led a INR500 million ($8 million) Series B round of investment in Forus Health, a Bangalore-based firm that develops affordable medical technology for eye treatment.
JAIC spin out WM Partners reaches first close on maiden secondaries fund
WM Partners, a venture capital secondaries fund launched last year by former JAIC CEO Moriyoshi Matsumoto, has reached a first close on its JPY5.25 billion ($50.1 million) first fund.
Bull Capital, Sequoia back China online steel trading platform
Zhaogang.com, a Chinese B2B steel trading platform, has received a $34.8 million Series C round of funding led by Bull Capital Partners and Sequoia Capital. Previous investors Matrix Partners and China Renaissance K2 Ventures also participated.
BVCF leads $7.5m Series A for Quark Pharma China JV
China-focused life sciences and healthcare investor BVCF has led a RMB45 million ($7.5 million) Series A round of funding for Kunshan RiboQuark Pharmaceutical Technology, a joint venture established by Quark Pharmaceuticals and Suzhou Ribo Life Science.
LightInTheBox to buy VC-backed e-commerce player Ador
LightInTheBox, the venture capital-backed Chinese online retailer that went public in the US last year, has acquired US social e-commerce site Ador for an undisclosed sum.
Japan IPOs: Rising sun
On the back of a cautious economic recovery Japan witnessed a boom in IPOs in 2013 as a host of venture capital-backed companies went public. How long will the good times last?