Regions
SIMI's Arora appointed COO of SoftBank Group
SoftBank Corp. has named Nikesh Arora - CEO of SoftBank investment unit SoftBank Internet & Media Inc.(SIMI) - as the Japanese telecom and internet conglomerate's new president and COO.
TPG, PAG-owned DTZ to buy Cushman & Wakefield for $2b
DTZ, a property services provider owned by TPG Capital, PAG Asia Capital and co-investor Ontario Teachers’ Pension Plan (OTPP), has agreed to buy industry peer Cushman & Wakefield for an enterprise value of $2 billion.
Babson closes Asia mezzanine fund at $177m
Babson Capital Management has reached a final close of $177.2 million on its latest Asia-focused mezzanine fund.
China tour provider gets $500m from JD.com, PE investors
Tuniu, a US-listed Chinese online package tour provider, has agreed to raise $500 million through a private placement to e-commerce giant JD.com and several of its existing PE and VC backers.
CNEI invests $15m in China private school operator
China New Enterprise Investment (CNEI) has led a $15 million round of funding for Guanghua Education Group, a China-based private school operator.
Lightspeed to raise dedicated India venture fund
US-based Lightspeed Venture Partners is looking to raise $115 million for its first India-focused fund.
Crescent leads $50m round for China parenting site
Crescent HydePark - a unit of Crescent Group - has led a $50 million Series B round of funding for Guo.com, a Chinese online retail platform for maternity and baby products.
VC-backed 58.com acquires ChinaHR.com
Chinese online marketplace 58.com has acquired local recruitment site ChinaHR.com from its parent company Sangroup, an Irish recruitment firm.
MBK invests in China logistics player Apex International - update
North Asia-focused buyout firm MBK Partners has acquired a majority stake in Apex International Corporation, a China-based logistics company with a strong presence in freight forwarding.
Nexus raises $434m for two India VC funds
Nexus Venture Partners has closed its fourth India venture capital fund at $304 million and raised a further $130 million for a top-up fund focusing on later-stage investments in existing portfolio companies.
CITIC Private Equity raises $1.3b for second US dollar fund
CITIC Private Equity has closed it second US dollar-denominated China fund with just under $1.3 billion in commitments.
VC investors commit to Indian online education start-ups
Two Indian online education start-ups have received venture capital funding, with Toppr raising a $10 million round led by Fidelity Growth Partners and Vedantu attracting $5 million in Series A funding from Accel Partners and Tiger Global.
China’s Tsing Capital joins $20m round for GaN Systems
Beijing-based Tsing Capital has participated in a $20 million Series C round of funding for GaN Systems, a Canadian fabless semiconductor developer. Local VC firm Cycle Capital is the lead investor.
China’s JD launches P2P lending platform
Chinese private equity firm JD Capital has invested RMB2 billion ($322 million) to launch an online peer-to-peer (P2P) lending platform.
SAIF leads $16m round for China real estate site Jiwu
SAIF Partners China has led a RMB100 million ($16 million) Series A round of funding for Jiwu.com, a Shenzhen-based real estate listings portal.
Indian's Box8 raises $3.5m Series A from Mayfield
US early stage investor Mayfield has led a INR210 million ($3.3 million) Series A round of funding for Poncho Hospitality, the start-up behind Indian quick service restaurant (QSR) chain and on-demand food delivery services firm Box8.
Singtel Innov8 leads Series B round for US big data start-up
Singtel Innov8, the early stage investor backed by Singapore telco Singtel, has led a $15 million Series B round for US big data start-up DataTorrent. GE Ventures, and the start-up's existing investors, also took part in the round.
Fosun to take 20% in payment play Ingenico Group
Fosun Group has invested in Europe-based payment services provider Ingenico Group with a view to helping the company develop its business in China.
CRCI leads $100m round for China car-sharing app Dida Pinche
China Renaissance Capital Investments (CRCI) has led a $100 million Series C round for Dida Pinche, a Chinese peer-to-peer (P2P) car-sharing app. TrustBridge Partners, IDG Capital Partners and US-listed automotive website Bitauto also took part.
India's Delhivery gets $85m Series D round
Tiger Global has led a Series D round for Indian e-commerce logistics service Delhivery that netted the company $85 million. Existing investors Multiples Alternative Asset Management, Nexus Venture Partners and Times Internet also participated.
Softbank-backed Housing.com sees boardroom spat resolved
Rahul Yadav, the CEO of Indian property listing platform Housing.com has withdrawn his resignation from the start-up and issued an apology to its VC investors - which include SoftBank - after a very public spat.
GGV, Morningside back China real estate site Aiwujiwu
GGV Capital and Morningside Technologies have led a $120 million Series D round for Aiwujiwu, a Chinese rental and second-home listings portal. Existing investors Shunwei Capital Partners and Banyan Capital also participated.
PE to exit as Japan's Recruit buys Wahanda
Japan’s Recruit Holdings has acquired UK-based Hotspring Ventures, the company behind online hair and beauty marketplace Wahanda, for JPY4.5 billion ($37.6 million), providing an exit for the company’s VC backers.
Chinese drone maker gets $75m from Accel
Accel Partners has provided $75 million in funding to DJI, a China-based drone manufacturer. The investment is said to value the company at $8 billion.