Sectors
CVC exits China education business EIC
CVC Capital Partners has sold its stake in Education International Corporation (EIC), a China-based business that helps students enroll in universities overseas, to a consortium that includes the company founder.
New Horizon leads new round for Hong Kong's GoGoVan
Hong Kong app-enabled logistics start-up GoGoVan has completed a Series C round led by New Horizon Capital. Financial terms were not disclosed.
Snapdeal buys India's Nexus-backed TargetingMantra
Indian e-commerce giant Snapdeal has bought e-commerce personalization and analytics service TargetingMantra for an undisclosed amount.
QIC to buy Australia cattle station business for $295m
QIC has agreed to buy an 80% stake in cattle station operator North Australian Pastoral Company (NAP) in a deal worth around A$400 million ($295 million). It wants to leverage rising demand for beef in Asia, particularly from emerging markets.
Online retailer Farfetch raises $110m for Asia expansion
Farfetch, a UK-based high-end online fashion retailer, has raised a $110 million Series F round led by new investors Temasek Holdings, China-based IDG Capital Partners and French investment firm Eurazeo.
Sino-US biopharma player gets $10m round
Sino-US biopharmaceutical company Sirnaomics has raised $10 million in a Series B round led by Hong Kong-based venture capital firm Value Measured Investment.
China's Lenovo launches $500m corporate VC fund
Chinese computer manufacturer Lenovo Group has launched a $500 million corporate VC fund to invest in technology start-ups.
IFC to commit $40m to India's Repco
The International Finance Corporation (IFC), the investment arm of the World Bank, will commit up to INR2.7 billion ($40 million) to Indian home finance-focused non-banking financial company (NBFC) Repco Home Finance.
AID in $13m round for Japan home rental site
AID Partners and Cool Japan Fund have contributed to a JPY1.4 billion ($13 million) round for Japan’s Hyakusenrenma, an online vacation rentals platform.
IFC leads $60m round for India's Lenskart
The International Finance Corporation (IFC) has led a INR4 billion ($60 million) Series D round of funding for Indian online eyewear retailer Lenskart.
Affinity-owned Tegel gains on trading debut after $205m IPO
Shares in Affinity Equity Partners-owned Tegel Group Holdings closed up 5.2% on the first day of trading in New Zealand following the poultry producer’s NZ$298 million ($205 million) IPO. As of May 4, the company was trading at an 8% premium to the offering...
India's Mobikwik raises $50m in Series C funding
India-based mobile wallet developer Mobikwik has raised $50 million in a Series C round of funding led by Japanese internet company GMO, Taiwan-based semiconductor manufacturer MediaTek, and existing backer Sequoia Capital.
PE-backed Parag gets $52m anchor commitment for IPO
Parag Milk Foods has advanced its Indian IPO by attracting INR3.4 billion ($51.5 million) from anchor investors, including Asia-focused US private equity firm Indus Capital.
Deal focus: VCs back founder's hardware pivot
Mengqiu Wang shelved his mobile app start-up to pursue a longstanding interest in smart robotics. With backing from several VC investors, Zero Zero Robotics' Hover Camera is now nearing commercial launch
Deal focus: Wongnai eyes expansion, then Thailand IPO
InVent's commitment to Wongnai represents the first-ever Series B round for a Thai start-up from a local VC firm. The company wants to use its dominant position in online restaurant reviews to enter other verticals
Deal focus: RayVio targets China's water problems
RayVio has found a way to use ultraviolet LED technology in disinfection - and produce high-quality products at scale. IPV Capital and Tsing Capital will help the company grow its China business
Thailand VC: Tough nut to crack
As Thailand’s government signals its intention to embrace venture capital, the harder but less visible work of transforming a traditionally risk-averse culture grinds on
China tech down rounds: Down and out?
While down rounds are increasing in frequency among US-based start-ups, the phenomenon has yet to take root in China. Desperation, dirty term sheets and willing investors are delaying the inevitable
DFJ sells India assets to NewQuest
Direct secondaries specialist NewQuest Capital Partners has acquired the majority of Draper Fisher Jurvetson’s (DFJ) India portfolio.
CDIB Capital invests $45m in China's Best Logistics
CDIB Capital has committed $45 million to Best Logistics Technologies, a China-based IT-driven integrated logistics and supply chain management business part-owned by Alibaba Group.
Mayfield raises $525m across two global funds
US-based venture capital firm Mayfield has raised $525 million in capital across two global investment funds.
China online grocer Miss Fresh raises a further $36m
Miss Fresh, a Chinese online grocery retailer backed by Tencent Holdings, has raised RMB230 million ($36 million) in an extended Series B round led by domestic investor Yuan Yi Investment.
Tsinghua Unigroup withdraws offer to acquire Taiwan's SPIL
Chinese state-backed Tsinghua Unigroup has withdrawn its NT$56.8 billion ($1.7 billion) offer to acquire a stake in Silicon Precision Industries (SPIL), a Taiwanese semiconductor testing and packaging company.
Chinese chemicals maker buys Tommee Tippee owner from 3i
Shanghai Jahwa United, a Chinese chemical products maker wholly owned by Ping An Insurance Group, has agreed to buy Mayborn Group – the UK-based manufacturer of Tommee Tippee baby bottles – from 3i Group.