Venture
Chinese second-hand car trading site Mychebao raises $50m
JD Capital and Addor Capital have led a RMB300 million ($50 million) Series B round of funding for Mychebao.com, a Chinese online trading platform for second-hand cars.
China’s CASH Capital targets $193m for Fund II
CASH Capital, the venture capital arm of the state-owned Chinese Academy of Sciences Holdings (CASH Holdings), is seeking to raise RMB1.2 billion ($193 million) for its second renminbi-denominated venture fund.
India payments firm raises $23m from Helion, Social+Capital
Helion Advisors and Social+Capital have participated in a $23 million Series C round for mobile payment solutions provider Ezetap.
Shenzhen Cowin leads $16m round for private chef app
Shenzhen Cowin Capital has led a RMB100 million ($16 million) Series B round for Hao Chushi, a Chinese mobile app for booking private chef services, with participation from Lightspeed China Partners.
Ex-IDG partners seek $160m for debut China TMT fund
Feng Li and Ben Lin, formerly partners at IDG Capital Partners, are looking to raise RMB1 billion ($160 million) for their debut China venture fund.
Helion invests $3m in India mobile services player Doormint
Helion Venture Partners has committed $3 million in a Series A round of investment to Blackcotton Solutions, the start-up behind Indian mobile home services platform Doormint. Kalaari Capital also took part in the round.
VC-backed Mogujie leads $30m round for China C2C retail player
Mogujie – a Chinese online shopping platform and social network that has received several rounds of VC funding – has led a $30 million investment in Taoshiji, a cross-border consumer-to-consumer (C2C) mobile retail app.
Tiantu leads $60m round for China electronics recycling site
Consumer-focused GP Tiantu Capital has led a $60 million Series C round of funding for Aihuishou, which claims to be the largest online electronics recycling platform in China.
Juren leads $9m Series A round for ChinaNetCloud
Juren Capital has led a $9 million Series A round for Chinese cloud server solutions start-up ChinaNetCloud.
China mobile health solutions provider raises $36m
Shanghai KingYee, a Chinese mobile healthcare services provider, has completed a RMB221 million ($36 million) Series C round of funding led by Sensegain Investment. SoftBank China Venture Capital (SBCVC) and HighLight Capital also participated.
Baidu leads $100m round for China’s laundry app Edaixi
Baidu has led a $100 million Series B round of funding for Edaixi, an mobile-based on-demand laundry service.
Rebright backs Indian logistics firm LetsTransport
Indian last-mile logistics marketplace LetsTransport has raised $1.3 million from Rebright Partners, along with several angel investors.
Sequoia, Accel commit $8m to India's WizRocket
Sequoia Capital India and Accel Partners have invested $8 million to Indian analytics and mobile engagement platform WizRocket.
Deal focus: Cloud Farm brings China agribusiness online
Chinese Premier Li Keqiang's "internet plus” policy is an attempt to rejuvenate traditional industries by grafting modern technology onto their tired business models. Agriculture is thought to hold enormous potential for cloud computing and big data,...
SoftBank: Venture legacy
SoftBank’s direct investment activity has shifted towards later-stage deals and it is expected to remain there. But the Japanese technology giant has not given up on its VC affiliates and subsidiaries in Asia
China robotics: Rise of the machines
China’s robotics start-ups are riding a wave of innovation and exploring many previously unexpected paths. As the scope of applications broadens, they need to keep up the pace
China second-hand car trading platform Renrenche raises $85m
Tencent Holdings has led a $85 million Series C round of funding for Renrenche.com, a Chinese peer-to-peer second-hand car trading platform.
All-Stars Investment leads $300m round for China’s Tujia
All-Stars Investment has led a $300 million new funding round for Tujia.com, valuing the Chinese vacation-rental website at more than $1 billion.
India's TripFactory raises Series A round from Aarin Capital
Aarin Capital has committed a Series A round to Indian online travel agent TripFactory.
Ajisen, Hina back Baidu’s online food-ordering platform
Ajisen Holdings, a Chinese fast casual restaurant chain operator, has teamed up with The Hina Group and its affiliate Hanking Group to invest up to $70 million in Baidu Takeout Delivery, an online food delivery ordering platform run by the Chinese search...
Indian home services portal Zimmber raises $2m
IDG Ventures and Sherpalo Ventures have taken part in a $2 million pre-Series A round for Rejuvenate Solutions, operator of Indian home services portal Zimmber.
Australia's NAB to invest $36m in fintech start-ups
National Australia Bank (NAB) will set up a A$50 million ($36 million) fund to invest in start-ups that help enhance its financial services product offerings.
PE-backed online liquor retailer Jiuxian gets another $81m
Jiuxian.com, a Chinese e-commerce site that sells wines and spirits, has raised RMB500 million ($81 million) in a new round of funding.
Golden Gate reaches first close on SE Asia VC fund
Singapore-based Golden Gate Ventures has reached a first close of $35 million on its second Southeast Asia-focused fund, Golden Gate Ventures Fund II.