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Peesh Venture Capital launches $50m fund, India accelerator
Early-stage investor Peesh Venture Capital (PVC) has launched a $50 million fund and accelerator targeting Indian start-ups.
Maybank, 1337 Ventures launch fintech accelerator
Malaysian financial group Maybank has set up a financial technology (fintech) accelerator with local early-stage investor 1337 Ventures.
CDH participates in $483m round for Chinese P2P lending platform
CDH Investments has participated in a RMB3 billion round ($483 million) round of funding for Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese peer-to-peer (P2P) lending platform controlled by Ping An Insurance Group.
L Capital-backed 2XU targets IPO in Australia or US
Australian sports apparel brand 2XU - which is 40%-owned by L Capital Asia, a PE firm backed by luxury goods conglomerate LVMH - is looking to go public in either Australia or New York with an IPO that could value the business north of A$600 million ($468...
Tiger Global leads Series A for Indian social network Roposo
Indian fashion-centric social network Roposo has raised $5 million in Series A funding led by Tiger Global.
China sex toy online retailer Chunshuitang raises $13m
New Margin Ventures and Shenzhen Cowin Capital have committed RMB80 million ($13 million) in a Series B round of funding for Chunshuitang.com, a Chinese sex toy e-commerce site.
Indian condiments maker to back PE fund
Indian condiment maker Eastern Group will back a INR1.25 billion ($19.9 million) private equity fund in partnership with venture capital firm CapAleph Advisors.
ChinaEquity leads Series B round for education site Juesheng
ChinaEquity, a Beijing-based private bank engaging in PE and VC investments, has led a Series B round of funding for Juesheng.com, a Chinese education-focused online marketplace.
Japan's Zozotown acquires VC-backed Aratana
Start Today - the Japanese start-up behind fashion site Zozotown - has acquired VC-backed e-commerce solution provider Aratana.
PE investors to make partial exits from India's AGS, S.H. Kelkar
Three private equity firms – TPG Capital, Actis and The Blackstone Group – are set for partial exits from their Indian investments as payment solutions provider AGS Transact Technologies and fragrances manufacturer S.H. Kelkar both filed for IPOs.
Greenoaks leads $25m investment in India hotel marketplace
US investment firm Greenoaks Capital has led a INR1.5 billion ($24 million) investment in Oravel Stays, the start-up behind India-focused online budget hotel marketplace OyoRooms.com.
Australia revises employee share scheme law
The Australian government has given start-ups a boost with the much-anticipated introduction of a bill that means employees can defer paying tax on share options until they are actually converted into shares.
China travel social media site raises C round
Mafengwo, a Chinese travel social media platform, has raised a Series C round of funding from Hillhouse Capital Management, Qiming Venture Partners, hedge fund Coatue Management and technology firm Cobuilder.
Catapult Partners backs Australian Reef Pilots MBO
Catapult Partners has invested in Australian Reef Pilots (ARP) in support of a management buyout (MBO) of the company.
GGV boosts China internet of things exposure
GGV Capital has added three Chinese firms to its internet of things (IoT) portfolio, increasing its total holdings in the sector to eight companies.
Taiwan’s 91App raises $9m from AppWorks, CID
91App, a Taiwan-based start-up that helps e-commerce companies set up mobile apps, has secured a Series A round of funding worth $9 million led by local incubator AppWorks.
Saratoga plans $100m Indonesia mining unit IPO
Saratoga Capital is planning to raise $100 million through an IPO for Indonesian copper and gold miner Merdeka Serasi Jaya (MSJ) in the second half of this year.
PE-backed SIIC Environment makes China bolt-on acquisition
SIIC Environment, a Chinese water treatment firm backed by China Investment Corporation (CIC), RRJ Capital and CCBI International, has agreed to buy industry peer Fudan Water for RMB1.55 billion ($249 million).
Japan's Livesense buys VC-backed e-commerce start-up
Livesense - a Japanese internet company known for its flagship career search site Jobsense - has acquired a 71.7% stake in VC-backed e-commerce start-up Waja for JPY400 million ($3.3 million).
TA sees promise in YeePay's offline offering
China's third-party online market hit RMB8.08 trillion ($1.3 trillion) by gross merchandise volume (GMV) last year. Alipay, Alibaba Group's payment platform, is the dominant player with a 49.6% share, according to consultancy iResearch. Tencent Holdings'...
India’s Premji and China’s Tencent back US mobile OS start-up
Premji Invest, the family office of Wipro Enterprises chairman Azim Premji, led an $80 million Series C round for US mobile operating system developer Cyanogen.
Indian online tea seller raises $6m
Indian tea retailer Teabox has raised $6 million in a Series A round led by JAFCO Asia, with participation from Keystone Group and Dragoneer Investment Group, and existing investor Accel.
CDH bets on Aver Asia's diversity
Southeast Asia-based equipment leasing business Aver Asia Corporation has no revenues or supplier relationships in China there is no desire to expand into the country. Yet when the company required capital, it turned to CDH Investments, a long-standing...
Vivo boosts fund for cross-border play
Healthcare-focused Vivo Capital has attracted increasing attention from LPs for its hybrid focus on the US and China. As testament to this, its latest fund - Vivo Capital Fund VIII - closed at $750 million after nine months in the market, with demand...