Sectors
India classifieds business Quikr buys CommonFloor
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.
Taiwan ITRI, Japan's Mitsubishi UFJ launch VC fund
Taiwan’s Industrial Technology Research Institute (ITRI) and Japan’s Mitsubishi UFJ Financial Group have jointly set up a second venture capital fund with a target of NT$2.5 billion ($75 million).
Uber expects China to be bigger than US in 2016
Sam Gellman, general manager of Uber Hong Kong, says the ride-hailing company expects China to be an even bigger market for it than the US in the next year.
VIDEO: Khosla Ventures' Andrew Chung
Popular belief in the US that China is playing catch-up or copycat on technology is misguided, according to Andrew Chung, a managing partner at Khosla Ventures, who claims to see incredible amounts of innovation taking place in the country
Rival bidder for China's iKang Healthcare hikes offer
A PE-backed consortium that includes Meinian Onehealth has increased its take-private offer for iKang Healthcare Group in response to a rival consortium led by the company’s founder bringing in a string of heavyweight investors.
VC-backed SE Asia e-commerce sites to merge
Moxy and Bilna, two VC-backed Southeast Asia e-commerce sites focused on female customers, have agreed to merge.
China entertainment news app secures $15m
France-based Ventech Capital has led a $15 million Series B round of funding for Happy Juzi, a Chinese entertainment news portal.
Olympus supports microfinance player's Asia roll-out
Olympus Capital Asia has agreed to invest $30 million in CreditAccess Asia, but this could just be the starting point as the India and Southeast Asia-focused microfinance institution (MFI) pushes into new markets, with Vietnam the likely next target....
SIDBI leads $3m Series A for India's Mycity4kids
SIDBI Venture Capital has led a $3 million Series A round for Indian online parenting portal Mycity4kids, with participation by existing investor YourNest Angel Fund.
India's Nexus re-ups in Blueshift for $8m Series A
Nexus Venture Partners has participated in an $8 million Series A round for portfolio company Blueshift, a US-based automated marketing solutions provider. The round was led by Storm Ventures.
Alibaba, OTPP join founder-led consortium bidding for iKang
Alibaba Group and Ontario Teachers’ Pension Plan (OTPP) have joined a consortium led by the founder and CEO of iKang Healthcare Group that is involved in a competitive battle to privatize the US-listed company.
Tata Capital commits $5m to Alef Mobitech
Tata Capital has invested $5 million in Alef Mobitech Solutions, a US-based mobile internet optimization solution developer with offices in India.
SIG Asia joins $57m round for China online travel guide service
SIG Asia has participated in a $57 million Series D round of funding for Qyer.com, a Chinese outbound travel service provider.
Deal focus: Investors back Benlai's cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
Deal focus: Macpac aims to scale new heights
CHAMP Ventures acquires New Zealand outdoor apparel and equipment supplier Macpac with a view to replicating the success it has enjoyed with Lorna Jane
China's iDreamSky agrees PE-backed take-private
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
China B2B steel-trading platform raises $153m
Zhaogang.com, a Chinese B2B steel-trading platform backed by several VC investors, has completed a Series E round of funding worth RMB1 billion ($153 million).
Fuji Startup Ventures backs Japan's The Bridge
Fuji Startup Ventures (FSV), the VC arm of Japan's Fuji TV network, has committed an undisclosed amount of funding to Tokyo-based start-up news site The Bridge, alongside public relations company PR Times.
PE-backed diagnostics player Thyrocare files for India IPO
Thyrocare Technologies, an Indian diagnostics company with several private equity backers, has filed for a domestic IPO.
Sequoia leads $6m round for Indian brewer
Sequoia Capital has led a INR400 million ($6 million) round for Indian brewer B9 Beverages, the makers of the craft beer brand Bira 91.
PE-backed Ujjivan Financial Services files for India IPO
Ujjivan Financial Services, an India-based microfinance institution (MFI) that has been awarded a banking license, has filed for an IPO, which would facilitate exits for several private equity backers.
Fenox commits Series D to Japan's Geniee
Fenox Venture Capital has committed an undisclosed amount of Series D funding to Japan-based adtech start-up Geniee.
China online food retailer Benlai raises $100m
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
Creador buys minority stake in 7-Eleven Malaysia
Creador has acquired a 6.56% stake in 7-Eleven Malaysia Holdings, the country’s largest convenience store chain with more than 1,900 stores, for around MYR108.8 million ($25.3 million).