Sectors
Warburg Pincus commits $284m to India's Piramal Realty
Warburg Pincus has agreed to invest INR18 billion ($284 million) in Piramal Realty, the real estate development arm of Indian conglomerate Piramal Group.
Innovation Works backs China cycling tracking device
Innovation Works has led a RMB50 million ($8 million) Series A round of funding for Beast Bikes, a Chinese start-up that has developed a cycling tracking device.
Sequoia leads $3.25m round for Malaysia's KFit
Malaysian online fitness platform KFit has raised $3.25 million in a funding round led by Sequoia Capital.
Chinese app testing platform Testin raises $54.9m
Testin, a Chinese mobile apps testing platform, has raised $54.9 million in its latest round of funding led by Haiyin Capital, followed by IDG Capital Partners and Banyan Capital.
CDB invests $242m in VC-backed eHi Car Services
China Development Bank (CDB) has agreed to provide RMB1.5 billion ($242 million) to eHi Car Services, China’s second-largest automotive rental services provider, which is backed by several VC investors.
Tiger Global leads Series A for India online hotel booker
Tiger Global Management has led an undisclosed Series A round for Zostel Hospitality, the Indian start-up behind online budget hotel booking platform Zo Rooms. Orios Venture Partners also took part in the round.
KKR supports Philippines social enterprise project
KKR has completed its second social enterprise assistance project alongside Impact Investment Exchange Asia (IIX) and its non-profit sister organization Shujog, providing support to Glovax Biotech, which sells affordable vaccines to low to middle income...
Australia's PEP to sell Energy Developments for $1.4b
Pacific Equity Partners (PEP) has agreed to sell Energy Developments, an Australia-based provider of distributed power to the mining industry, to utilities business Duet Group for an enterprise valuation of A$1.92 billion ($1.4 billion).
India's IVFA commits $30m to restaurant chain operator
India Value Fund Advisors (IVFA) will invest $30 million in India's DeGustibus Hospitality, the owner and operator of several popular restaurant brands.
VCs commit $18m to Chinese students' e-commerce platform
Imcoming.cn, a Chinese mobile e-commerce platform aimed at students, has completed a RMB110 ($18 million) Series A round of funding led by Greenwoods Investment and Sharing Capital.
SoftBank leads $20m Series B round for US ad analytics start-up
Japan's SoftBank Corp. has led a $20m Series B round of funding for US-based ad analytics start-up Cinarra Systems.
Snow Leopard invests $1.6m in India's QuikWallet
LivQuik, the Mumbai-based developer of mobile payment app QuikWallet, has raised $1.6 million from existing backer Snow Leopard Technology Ventures.
Greenwoods leads $32m round for Chinese internet finance site Rongzi
Greenwoods Investment has led a RMB200 million ($32 million) Series A round of funding for Rongzi.com, a Chinese internet finance platform, with participation from New Access Capital.
TPG, Affinity-owned UTAC files for $350m US IPO
UTAC Holdings, the Singapore-based precision engineering firm owned by TPG Capital and Affinity Equity Partners, is looking to raise as much as $350 million in its US IPO.
Alibaba launches $161m fund to support mobile app-makers
Alibaba Group has established a RMB1 billion ($161 million) venture capital fund to support third-party mobile app developers.
India's PE-backed Mindtree to buy US, UK-based IT firms
Indian IT services firm Mindtree, which is backed by Nalanda Capital and Global Technology Ventures Limited, will buy US-based Relational Solutions and UK-based Bluefin for a total of $76 million.
Sequoia-backed NewsHunt acquires Indian e-commerce portal
Ver Se Innovation, the owner of Indian news aggregation app NewsHunt, has acquired Rocket Science Innovation, parent of online price comparison and recommendation platform BuyT for an undisclosed amount.
Tsinghua Unigroup invests $100m in mobile OS start-up Acadine
China’s Tsinghua Unigroup International has invested $100 million for a minority stake in Acadine Technologies, a Hong Kong-based start-up developing mobile operating systems (OS) for mobile, wearable and internet-of-Things (IoT) devices.
Sequoia, Nexus, Blume in $11m Series A for India's RoadRunnr
Indian business to business (B2B) delivery logistics service RoadRunnr has raised $11 million in Series A funding from Sequoia Capital, Nexus Venture Partners and Blume Ventures.
Fairfax offers to buy 26% stake in India's Carlyle-backed IIFL
Canada-based Fairfax Financial Holdings has offered to buy a 26% stake in Carlyle-backed financial services company IIFL Holdings Limited for INR16 billion ($255 million).
Chinese personal finance app Wacai secures additional $80m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised an additional $80 million in an extended Series B round of funding led by New Horizon Capital.
Shenzhen Fortune leads $100m round for fashion platform Yoho
Fortune Capital has led a $100 million Series D round of funding for online fashion magazine and e-commerce platform Yoho. CMC Capital and Telescope Capital also took part alongside existing investors SAIF Partners China and Vertex Venture.
PE-backed Cath Kidston buys back Japan business
Cath Kidston, the UK lifestyle retailer controlled by Baring Private Equity Asia and TA Associates, has bought back its Japan operations - its largest outside the UK - from local conglomerate TSI holdings for an undisclosed sum.
Japan's Recruit Holdings invests $7.5m in US-based HackerRank
Japan's Recruit Holdings has paid $7.5 million for a stake in HackerRank, a US technical recruitment platform owned by Interviewstreet, via its $20 million corporate venture capital fund - HR Technology Fund.