Venture
Chinese app testing platform Testin raises $54.9m
Testin, a Chinese mobile apps testing platform, has raised $54.9 million in its latest round of funding led by Haiyin Capital, followed by IDG Capital Partners and Banyan Capital.
VCs commit $18m to Chinese students' e-commerce platform
Imcoming.cn, a Chinese mobile e-commerce platform aimed at students, has completed a RMB110 ($18 million) Series A round of funding led by Greenwoods Investment and Sharing Capital.
Australia's tech founder launches $37m VC fund
Victor Jiang, the founder of Australian professional services platform Skillsapien, is seeking to raise A$50 million ($37 million) for his new Sapien Ventures fund.
Snow Leopard invests $1.6m in India's QuikWallet
LivQuik, the Mumbai-based developer of mobile payment app QuikWallet, has raised $1.6 million from existing backer Snow Leopard Technology Ventures.
Greenwoods leads $32m round for Chinese internet finance site Rongzi
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.
Tsinghua Unigroup invests $100m in mobile OS start-up Acadine
China’s Tsinghua Unigroup International has invested $100 million for a minority stake in Acadine Technologies, a Hong Kong-based start-up developing mobile operating systems (OS) for mobile, wearable and internet-of-Things (IoT) devices.
Sequoia, Nexus, Blume in $11m Series A for India's RoadRunnr
Indian business to business (B2B) delivery logistics service RoadRunnr has raised $11 million in Series A funding from Sequoia Capital, Nexus Venture Partners and Blume Ventures.
Chinese personal finance app Wacai secures additional $80m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
Shenzhen Fortune leads $100m round for fashion platform Yoho
Fortune Capital has led a $100 million Series D round of funding for online fashion magazine and e-commerce platform Yoho. CMC Capital and Telescope Capital also took part alongside existing investors SAIF Partners China and Vertex Venture.
Accel leads $10m Series B round for MySmartPrice
Accel Partners has led a $10 million Series B round for Indian online price comparison and discovery platform MySmartPrice. Helion Ventures also took part in the round.
Taiwan’s MediaTek commits $10m to new Walden Riverwood fund
Gaintech, a unit of Taiwanese fabless semiconductor producer MediaTek, has committed $10 million to the latest fund launched by early-stage tech venture capital firm Walden Riverwood Ventures.
Fosun Kinzon Capital leads $25m round for US StyleSeat
Fosun Kinzon Capital, the Silicon Valley-based VC arm of Chinese conglomerate Fosun International, has led a $25 million Series B round of funding for StyleSeat, a US-based beauty services booking app.
Singapore payment platform Fastacash raises Series B round
Asia-focused investment firm Rising Dragon Singapore has led a $15 million Series B round of funding for Fastacash, a Singapore-based social payments platform.
FountainVest leads $32m round for China healthcare app
FountainVest Partners has led a RMB200 million ($32 million) round of funding for Xingren.com, a Chinese mobile app for doctors to communicate with patients. Existing investors Sequoia Capital and Lightspeed China Partners also participated.
Sovereign's Capital leads Series A for Indonesia's BerryKitchen
Indonesian online catering start-up BerryKitchen has raised a $1.25 million Series A round led by Sovereign's Capital, with participation by existing investor East Ventures.
Taiwan’s Foxconn plans VC fund for Indian start-ups
Taiwanese electronics manufacturer Foxconn Technologies plans to set up an India dedicated venture capital fund and an incubator to support local start-ups.
Accel, Dragoneer, IvyCap lead $16m round for online jeweler BlueStone
Indian online jewelry retailer BlueStone has raised INR100 million ($16 million) from a group of investors led by Accel Partners, IvyCap Ventures and Dragoneer Investments.
Japan's Genesis Healthcare raises $5.1m from Founders Fund, Mitsui
US early stage investor Founders Fund and Japanese conglomerate Mitsui & Co have together invested JPY620 million ($5.1 million) in Genesis Healthcare, a Tokyo-based start-up that develops genetic testing kits, in exchange for a 6% stake.
Sequoia, others commit $11m to India's Zoomcar
Indian car rental company Zoomcar has raised $11 million in funding from existing investors Sequoia Capital and Empire Angels, with participation from newcomer Nokia Growth Partners.
Ping An VC unit leads $55m round for China luxury goods site
Ping An Ventures, the venture capital arm of Ping An Group, has led a $55 million Series E round of funding for Secco Holding, a Chinese luxury goods e-commerce platform.
Tata Capital leads Series B round for Singapore's Nearex
Tata Capital has led an undisclosed Series B round investment in Singapore micro-payments start-up Nearex via its Tata Capital Growth Fund. Existing investors Beenos Asia and Xinvesco also took part in the round.
Vietnam's Foody raises Series B round from Garena
Vietnamese food platform Foody has raised a Series B round from the investment arm of Singapore-based internet company Garena.
Deal focus: Investors book trip with China’s Tongcheng
China's travel industry is booming but it is still heavily reliant on offline transactions. According to Derek Wang, an executive director with CITIC Capital, online penetration of the sector is just 12% – a tiny figure when set against 55% in the US...