Sectors
India's Religare sells stake in Landmark Partners
Indian financial services provider Religare Enterprises has sold its stake in Landmark Partners, a US private equity firm specializing in secondary funds.
Indonesia's Nida Rooms raises $4.2m
Convergence Ventures and CyberAgent Ventures have led a $4.2 million pre-Series A round for Indonesian hotel reservation service provider Nida Rooms.
MSPEA nets 4.5x return on part-exit from Hong Kong's AMTD
Morgan Stanley Private Equity Asia (MSPEA) secured a 4.5x return on its partial exit from Hong Kong-based financial advisor AMTD when China Minsheng International and LR Capital Group took a majority interest in the business.
StarVC co-founder launches new China VC fund
Xiaoming Huang, a Chinese actor who co-founded celebrity fund StarVC, has launched a new venture capital firm called Ming Capital.
Rocket Internet cuts valuation on fashion portal, raises $339m
Start-up incubator Rocket Internet and Sweden's Investment AB Kinnevik have committed EUR300 million ($339 million) to their emerging markets-focused online fashion portal Global Fashion Group (GFG), at a valuation of EUR1 billion.
Helion, Ventureast in $12m round for India's Seclore
Helion Ventures and Ventureast have participated in a $12 million Series B round for Indian data security solutions provider Seclore.
ICICI Venture commits $18m to India's Anthea Aromatics
ICICI Venture has invested INR 1.2 billion ($18 million) in specialty chemicals maker Anthea Aromatics for what AVCJ understands to be a significant minority stake.
Intouch leads Series B for Thailand's Wongnai
Intouch Holdings, acting through its VC arm, InVest, has led a Series B round of funding for Thai restaurant review website operator Wongnai Media.
Deal focus: VCs see quality in Yummy Express' asset-heavy business model
While most logistics start-ups dedicated to serving China's online food-ordering platforms hire part-time staff through crowdsourcing, Yummy Express recruits full-time employees to provide a consistent service
India's Roposo raises $5m from Bertelsmann
Bertelsmann India Investments has invested $5 million in Roposo, a domestic fashion-oriented social network and shopping app provider.
China ticket booking site Weiying raises $462m
Beijing Weiying Times Technology, a Chinese online portal that sells movie tickets, has raised RMB3 billion ($462 million) in an extended Series C round of funding at a valuation of $2 billion.
China's Zero Zero Robotics gets $23m Series A round
Zero Zero Robotics, a Beijing-based start-up that has developed a flying camera for the consumer market, has received $23 million in Series A funding from IDG Capital Partners, GSR Ventures, ZhenFund and ZUIG.
TPG buys India-focused CTSI for $33m
TPG Capital has bought a majority stake in Cancer Treatment Services International (CTSI), a US cancer treatment chain focused on India and South Asia. AVCJ understands that the firm paid $33 million for a 65% interest.
China's IPV, Tsing back US hygiene technology start-up
China-based VC firms IPV Capital and Tsing Capital have led a $26 million Series C round of funding for RayVio Corp, a US company that has developed an ultraviolet LED technology for use in hygiene products.
HTC launches $100m VR accelerator in China, Taiwan, US
Taiwan-based hardware developer HTC has launched a global accelerator program with $100 million to support start-ups working on virtual reality (VR) applications.
Aarin Capital anchors $18.8m India venture fund
Aarin Capital has anchored the launch of Ideaspring Capital, a venture fund seeking to raise INR1.2 billion ($18.8 million) for investments in Indian technology start-ups.
Deal focus: EQT thinks quality before M&A activity
EQT Partners wants corporate services provider InCorp Group to achieve greater operational efficiency as well as go on the acquisition trail in Asia
Deal focus: Hua Medicine gets cross-border injection
Following its $50 million Series C round, investors in Hua Medicine are waiting for the company to fulfill its potential as a poster child of innovation in China
Korea VC fundraising: Unbalanced boom
The forces behind a bumper year for South Korean venture fundraising serve as a reminder that local players must do more to build much-needed international relationships
Australia renewables: Clear skies
Having spent the last couple of years in a politics-driven limbo, Australia’s renewable energy sector is seeing renewed investor interest. Nevertheless, the market still presents various challenges
Portfolio: AID Partners and HMV Asia
Having bought the HMV business in Asia as a distressed asset, Hong Kong-based AID Partners is working to reposition it as a lifestyle brand that reaches deeper into the media value chain than DVDs and CDs
China's Ant Financial closes $4.5b funding round
Ant Financial, Alibaba Group’s online financial services affiliate, has completed a $4.5 billion Series B round of funding, said to be the largest-ever fundraise by a private internet company globally.
Puji Capital, Jupai Holdings invest in China Wanda Pictures
Two Chinese investment groups – Puji Capital and Jupai Holdings – have formed a joint venture (JV) to invest in Wanda Pictures, the film production and distribution division of domestic conglomerate Dalian Wanda.
Thailand to launch $568m venture fund
The Thailand government has announced the launch of a THB20 billion ($568 million) venture fund as part of an economic modernization agenda.