Region
Times Internet backs Coursera, supports India expansion
Times Internet, an Indian internet and mobile service provider that has backed several local start-ups, has joined a $49.5 million first close of a Series C round for US-based online education provider Coursera.
Portfolio: Morgan Stanley Private Equity Asia and AMTD
Hong Kong-based financial advisor AMTD wants to meet the needs of mainland investors looking to access international markets. Morgan Stanley Private Equity Asia is helping the firm best position itself
Deal focus: Standard Chartered PE backs exceptional Dianrong
Regulators are catching up with China’s booming online peer-to-peer (P2P) lending industry. Last month the People Bank of China (PBoC), in conjunction with nine other government agencies, issued the first guidelines for policing internet finance. P2P...
Deal focus: RedMart channels the Amazon spirit
Amazon.com is the world’s largest online retailer, but it retains fleetness of foot that defies its size. This is based on the ability to embrace not only new technology but also innovative approaches to management. The “two-pizza rule” devised by founder...
Loan or own? Chinese strategics offer debt to start-ups
As Chinese start-ups raise larger, later-stage rounds, strategic investors are looking to participate through structured debt products rather than through equity. This approach presents its own risks
Deal focus: Tata Capital bets on Uber in India
Tata Opportunities Fund (TOF) has deployed $400 million of its $600 million corpus over the last two years, with two thirds of that capital going to India-based companies that have global operations. The recent investment in ride-hailing app Uber Technologies...
CGN PE, Morrison & Co in first close on China renewables fund
JIDA Capital Partners, an investment arm of New Zealand’s HRL Morrison & Co, and Shenzhen-based CGN Private Equity have reached a first close of RMB1.87 billion ($292 million) on their China-focused renewable energy fund.
I Squared backs India rooftop solar player
Global infrastructure investor I Squared Capital has invested an undisclosed sum in Amplus Energy Solutions, an India-based owner and operator of distributed rooftop solar power.
China drone start-up EHang gets $42m Series B round
GP Capital, a China-focused PE fund backed by Shanghai International Group, has led a $42 million Series B round of funding for EHang, a Chinese commercial drone manufacturer.
Japan's Freee raises $30m Series C round
DCM, Recruit Holdings and Japan Co-Invest have committed $30 million in Series C funding to Freee, a Japan-based provider of automated online accounting software.
Australia's Anchorage agrees $150m Affinity Education deal
Anchorage Capital Partners has agreed to buy Affinity Education for A$208.3 million ($150 million) after the Australian Securities Exchange-listed company spurned a rival offer from G8 Education.
India's Gateway offers to buy Blackstone stake in freight subsidiary
Indian logistics company Gateway Distriparks (GDL) has offered to buy The Blackstone Group's stake in its freight subsidiary GatewayRail Freight (GRFL) for INR6 billion ($90.3 million).
Philippines targets 500 domestic tech start-ups by 2020
The Philippines government has outlined plans to achieve 500 domestic technology start-ups with a combined valuation of $2 billion by 2020.
Ekuinas sells Burger King franchises in Malaysia, Singapore
Ekuinas, the Malaysian government-backed private equity investor, has sold the Burger King franchises in Malaysia and Singapore, generating proceeds of MYR74.6 million ($17.7 million).
China's Qihoo to acquire HK-listed Vision Values
Chinese internet security software provider Qihoo360 Technology, which recently received a take-private offer from its management and VC investors, intends to acquire a majority stake in Hong Kong-listed Vision Values. It is suggested Qihoo might seek...
India's One97 to split e-commerce, payments businesses - report
Indian mobile services One97 Communications will spin off its electronic payment service Paytm into a separate entity under One97's co-founder Shekhar Sharma.
VCs exit China online furniture retailer Meilele to strategic buyer
Several VC investors – including Lightspeed China Partners, Vertex Ventures and China Renaissance K2 Ventures – will exit Meilele as Shanghai-listed Guangdong Yihua Timber Industry agreed to buy an 18.21% stake in the online furniture retailer.
Taiwan plans $609m M&A fund
Taiwan's National Development Council (NDC) will launch a NT$20 billion ($609 million) fund to assist domestic companies with mergers and acquisitions.
China online campus convenience store secures $31m
Shenzhen Capital Group has led a RMB200 million ($31 million) pre-Series B round of funding for 59store.com, a Chinese online convenience store focused on serving students.
Chinese second-hand car platform Youche raises $18m
Youche.com, a Chinese online trading platform for second-hand cars, has raised an $18.2 million Series B round led by Galaxy Capital, followed by IDG Capital Partners, ZhenFund and China Growth Capital.
Standard Chartered, CFF lead $207m round for China's Dianrong
A consortium co-led by Standard Chartered Bank and China Fintech Fund (CFF) has invested $207 million in a Series C round of funding for Dianrong.com, a Chinese VC-backed peer-to-peer (P2P) online lending service platform.
NEA, Orios commit $4m to India's IntelligenceNODE
IntelligenceNODE, a retail-oriented big data analytics start-up based in India, has raised a $4 million Series A round led by New Enterprise Associates (NEA) and Orios Venture Partners.
IFC to back Jungle Venture's second fund
International Finance Corporation (IFC) will invest up to $10 million in Singapore-based Jungle Ventures' second venture capital fund.
Didi Kuaidi, CIC join $350m round for Southeast Asia's GrabTaxi
Didi Kuaidi, China’s largest mobile ride-hailing app operator, and China Investment Corporation (CIC) have participated in a $350 million funding round for Southeast Asia-focused mobile taxi-booking app GrabTaxi.