Sectors
Dianping leads round for China food ordering platform Meican
Chinese restaurant reviews and group-buying specialist Dianping has led a RMB140 million ($23 million) Series C round of funding for Meican.com, a local online food-ordering platform.
Intel launches accelerator to support Chinese entrepreneurs
Intel Corporation has committed RMB120 million ($19.3 million) to a China accelerator program that will help local entrepreneurs develop their business ideas.
VC-backed WoWo jumps 2.85% on debut after $40m US IPO
WoWo, the Chinese entertainment-focused e-commerce platform that started out as operator of group-buying site 55tuan, jumped 2.95% on its NASDAQ debut after raising $40 million through its IPO.
Investors commit $850m to China's Dianping
Dianping, one of China’s most popular sites for restaurant reviews and group-buying services, has received a $850 million round of investment that values the start-up at $4.05 billion.
India classifieds site Quikr raises $150m
Indian classifieds site Quikr has raised a $150 million in a round of funding led by existing investor Tiger Global Management.
PE-backed Prabhat Dairy, Dilip Buildcon file for India IPOs
India's Prabhat Dairy and Dilip Buildcon have filed for IPOs, providing an opportunity for their private equity backers to make partial exits.
Johnson & Johnson commits $15m to Vivo's healthcare fund
Johnson & Johnson Innovation (JJDC) - the venture capital arm of the eponymous healthcare and consumer goods multinational - has committed to $15 million to Vivo Capital's latest US and China-focused healthcare fund.
IDB, Pertamina Pension Fund to set up private equity JV
The Islamic Development Bank (IDB) and Indonesia's Pertamina Pension Fund have agreed to set up a joint venture private equity firm to invest in infrastructure and other projects in Indonesia.
Legend Capital, SIG lead Series C for China's PPDai
Legend Capital and SIG Asia Investment have led a Series C round of funding for PPDai, which claims to be the first and largest peer-to-peer (P2P) lending platform in China.
PE-backed Red Star Macalline files for HK IPO
Red Star Macalline Group, a private equity-backed shopping mall operator in China, has filed to list on the Hong Kong Stock Exchange.
Australia's Bradken rejects new buyout offer from PEP, Koch
Australian mining industry supplier Bradken has rebuffed another takeover bid by Pacific Equity Partners (PEP), this time acting in tandem with Koch Industries.
Mandala backs Indian agriculture finance business
Mandala Capital has invested INR1.1 billion ($17.9 million) in Sustainable Agro-commercial Finance (SAFL), a agriculture-focused non-banking financial company (NBFC) controlled by India's Jain Irrigation Systems (JISL).
GGV, Shunwei invest in China education site Xiaozhan Jiaoyu
GGV Capital and Shunwei Capital Partners have co-led a $29 million Series B round of funding for Xiaozhan Jiaoyu, a Chinese online education platform that focuses on students studying abroad.
China's JD.com to launch equity crowdfunding platform
Chinese online retailer JD.com has launched an equity crowdfunding platform through which local entrepreneurs can raise capital from potential early-stage investors.
IDFC Alternatives to buy stake in Indian power project
IDFC Alternatives has agreed to buy a 23.5% stake in ONGC Tripura Power Company (OTPC) for INR4.26 billion ($68.5 million). The purchase will be made through the India Infrastructure Fund II.
Everstone buys Aon Hewitt's Asia payroll business
India and Southeast Asia-focused GP Everstone Capital has acquired Aon Hewitt’s Asia Pacific payroll business for an undisclosed sum.
PE-backed film studio gets funding from China's Huayi
STX Entertainment, a Hollywood studio set up with support from Hony Capital and TPG Capital, has secured a three-year financing deal with China’s Huayi Brothers Media Corp. to release 12-15 movies a year by 2016.
China investors agree $3.3b deal for Philips LED unit
A Chinese consortium led by Go Scale Capital will buy an 80.1% stake in Philips’ combined LED components and automotive lighting unit at an enterprise valuation of $3.3 billion.
Bain-owned MYOB targets $638m in Australia IPO
MYOB, an Australian accounting software developer owned by Bain Capital, is seeking to raise up to A$833.8 million ($635.5 million) through an IPO on the Sydney bourse. The PE firm will not sell any shares in the offering.
India's AppsDaily raises 16m Series C from Zodius, others
Zodius Capital has led a $16 million Series C round for Indian mobile app developer and distributor AppsDaily, with participation by current investors Kalaari Capital, ru-Net Ventures and Qualcomm Ventures.
Japan news app raises another $10m from VCs
SmartNews, the Tokyo-based start-up behind the news curation app of the same name, has raised $10 million in another round of funding led by Japanese internet gaming firm Gree.
Japan's Beenos leads $2.5m Series A for flea market app
Japanese e-commerce incubator Beenos has led a $2.5 million Series A round of funding for Southeast Asian flea market app Duriana. Existing investors also took part in the round.
Mayfield, Kalaari back India-based travel itinerary site
Kalaari Capital and Mayfield have committed $3 million in Series B funding to Indian travel planning site TripHobo.
India microfinance: Acorns to oaks
Several large funding rounds – plus the birth of a new bank – have shown how far India’s microfinance institutions have come in just four years. But more is to come, and more VC backing will be required