Venture
Yunfeng leads Series C round for China’s logistic app Yunmanman
Yunfeng Capital has led a Series C round of funding for Yunmanman, a Shanghai-based mobile logistic distribution platform. Existing investors Sequoia Capital and Lightspeed China Partners also participated.
Singapore online grocer RedMart raises $26.7m
Singapore-based online grocery marketplace RedMart has raised $26.7 million in a bridge round from existing investors Garena Online, Softbank Ventures Korea and US-based Visionnaire Ventures.
Fund focus: Lightspeed gets traction in India
In 2010, Lightspeed Venture Partners concluded that it could more effectively tap China’s burgeoning technology space with a dedicated country fund. A China vehicle was duly launched and reached a final close in 2013 at $168 million.
Deal focus: Blume targets e-commerce’s back-end
Asian e-commerce companies are having a hard time living up to their billing. Orders may come in at the speed of light, but deliveries come from warehouses that largely still dependent on relatively slow human labor.
Softbank, Foxconn, Alibaba lead $500m round for Snapdeal
SoftBank Group, Foxconn Technology Group and Alibaba Group have led a $500 million investment in Indian online marketplace Snapdeal.
IDG, JD in $174m round for Shanghai Pharma’s e-commerce unit
Chinese online retailer JD.com and IDG Capital Partners have participated in a RMB1.11 billion ($174 million) Series A round of funding for Shanghai Pharmaceuticals’ online drug distribution platform.
India's IIFL to raise $153 million VC fund
IIFL Wealth Management, the Indian financial services firm backed by Fairfax Holdings and the Carlyle Group, will raise a seed venture fund of up to INR10 billion ($153 million).
Tiger invests $15m in Indian fashion site Roposo
Tiger Global has invested $15 million in Indian fashion-oriented social network Roposo.
Sequoia, CBC back Airbnb to expand in China
Airbnb, an online vacation home rental marketplace based in San Francisco, has forged a partnership with China Broadband Capital (CBC) and Sequoia China to expand into the Chinese market.
Chinese event venues search portal raises $20m
HotelGG.com, a Chinese online booking platform for event venues, has raised $20 million in a Series B round of funding from existing investors including Matrix China Partners, Chengwei Ventures and SIG China.
Kalaari leads funding round for YourStory
Indian tech business news website YourStory has raised a Series A round led by Kalaari Capital, with participation from Qualcomm Ventures, Ratan Tata and T.V. Mohandas Pai.
China cancer diagnostics firm Burning Rock raises $23m
Burning Rock Biotech, a Chinese cancer diagnostic start-up, has raised RMB150 million ($23 million) in an extended Series A round of funding from Ji Feng Capital, Sequoia Capital and Legend Star.
India's VC-backed Mobikon buys Singapore's Trii.be
Indian customer engagement and marketing platform Mobikon, which is backed by Jungle Ventures, has bought Singapore's feedback management start-up Trii.be.
Alibaba, Tencent in $313m round for CMC’s smart TV start-up
Whaley Technology, a smart TV maker founded by Chinese media mogul Ruigang Li, has raised RMB2 billion ($313 million) in funding from Li’s media-focused fund CMC Capital Partners, Alibaba Group and Tencent Holdings.
Guangdong Alpha buys VC-backed China comics site U17
Guangdong Alpha Animation and Culture, a Chinese animation and entertainment firm, has agreed to acquire online comics platform U17.com for RMB904 million ($141 million), paving an exit for several VC backers including Northern Light Venture Capital (NLVC).
India's AgroStar raises $3.6m from IDG Ventures, Aavishkaar
IDG Ventures has led a $3.6 million funding round for Indian agriculture-focused mobile commerce firm AgroStar, with participation by existing investor Aavishkaar Venture Management Services.
Bessemer leads $50m round for Indian online grocer
Indian online grocer BigBasket has raised a $50 million funding round led by existing investor Bessemer Venture Partners.
Indian payments security start-up raises $7.5m Series B round
Indian online payment security system developer OneAssist has raised a $7.5 million Series B round led by US insurance firm Assurant, with participation by existing investors Sequoia Capital and Lightspeed Venture Partners.
CITIC Goldstone leads $31m round in China’s Zhubaijia
Zhubaijia, a Chinese short-term vacation rentals platform, has raised RMB200 million ($31 million) in a Series B round of funding led by CITIC Securities’ direct investment arm Goldstone Investment.
China’s cancer drug developer Ascentage secures $15m
Ascentage Pharma Group, a Shanghai-based cancer drug developer, has raised a RMB95 million ($15 million) Series A round of funding led by Oriza Seed and YuanMing Capital.
Zodius leads $20m round for India's Allygrow
Zodius Technology Fund has led a $20 million funding round for Indian engineering services start-up Allygrow Technologies.
Ant Financial leads $200m round for China’s Qufenqi
Ant Financial Service Group, Alibaba Group's online financial services affiliate, has led a $200 million round of funding for Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments.
China’s Banyan Capital closes second RMB fund at $89m
Chinese venture capital firm Banyan Capital has raised RMB560 million ($89 million) for its second renminbi-denominated fund.
Blume, Tiger Global invest $30m in warehouse robotics start-up
Tiger Global Management and Blume Ventures have led a $30 million Series B round of funding for Indian warehouse robotics developer GreyOrange Robotics.