Sectors
New Asia, AIF in $15m round for Vietnam restaurant chain
New Asia Partners and AIF Capital have led a Series B round of funding worth $15 million for Huy Vietnam Group, Vietnam’s largest operator of self-managed, local cuisine restaurants.
Pavilion, Recruit provide Series B2 for Japan's Freee
Temasek Holdings-owned Pavilion Capital and Recruit Strategic Partners, the VC arm of Recruit Holdings, have led a Series B2 round of funding worth $6 million for Freee, a Tokyo-based provider of automated online accounting software.
Boyu joins Chinese consortium for $2.5b GLP investment
Boyu Capital and several Chinese strategic investors have joined a consortium that has committed $2.5 billion to Global Logistic Properties (GLP), a Singapore-listed warehouse operator.
CVC-owned SPi to sell US healthcare business for $235m
SPi Global, a Philippines-based business process outsourcing (BPO) provider owned by CVC Capital Partners, has agreed to sell its US healthcare business to Conifer Health Solutions in a deal worth $235 million.
Singapore supports med-tech accelerator program
Spring Seeds Capital, an investment arm of government-backed Spring Singapore, has launched an initiative that could channel up to S$60 million ($47 million) into local medical technology start-ups.
VC-backed iMoney gets funding from Australia's iSelect
IMoney Group, a Malaysia-based financial comparison start-up backed by Jungle Ventures, has received approximately MYR13 million ($4 million) from iSelect, an Australia Securities Exchange-listed online comparison service.
Accel, Ribbit lead $35m round for Australian invoice app
Australia-based invoicing app Invoice2go has received $35 million in a Series A round of funding led by Accel Partners and Ribbit Capital. The company was founded in 2002 but this is its first external funding.
China's Tiantu in $63m first close on debut US dollar fund
Chinese GP Tiantu Capital has reached a first close of $63 million on its debut US dollar-denominated fund. A final close of $100 million is targeted for before the end of the year.
KPCB leads $50m round for China video app
KPCB has led a $50 million Series C round of funding for Chinese video app Miaopai, with participation from Sina, Redpoint Ventures and StarVC, a VC firm launched by a group of Chinese celebrities.
IDG invests in Chinese mobile tech player AVOS Cloud
IDG Capital Partners has invested in a Series A round of funding for AVOS Cloud, a Chinese mobile back-end as a service (BaaS) provider. Financial terms were not disclosed.
Tiger Global commits $30m to India property portal
Tiger Global has invested $30 million in India-based property listings website CommonFloor.com, which is ultimately expected to pursue a public listing.
New Zealand's Nuplex in asset sale talks with CHAMP PE
CHAMP Private Equity is in talks with New Zealand-based chemicals manufacturer Nuplex Industries over the potential acquisition of its distribution and plastics additives businesses.
PE-backed apparel maker La Chapelle eyes $285m HK IPO
Ladies apparel maker Shanghai La Chapelle, which is backed by a string of PE investors, plans to raise HK$2.21 billion ($285 million) through an IPO in Hong Kong.
Tata Capital to buy minority stake in Standard Greases
India's Tata Capital is to acquire a 17.36% stake in Mumbai-based Standard Greases & Specialities for an undisclosed sum.
Tencent to up stake in PE-backed China South City
Tencent Holdings will pay HK$822.5 million ($106 million) to increase its stake in China South City Holdings, a logistics center operator that counts PAG among its investors, to 11.55%.
Canaan's Khanna to launch India venture debt fund
Canaan Partners Managing Director Rahul Khanna is to launch a INR3 billion ($49 million) debt fund aimed at supporting early-stage and established technology ventures in India.
Lightspeed leads $10m round for China P2P car-sharing site uuzuche
Lightspeed China Partners has led a $10 million Series A round of funding for uuzuche.com, a Chinese peer-to-peer (P2P) car-sharing platform.
Standard Chartered PE backs garlic-themed restaurant in Korea
Standard Chartered Private Equity (SCPE) has led a $48 million joint investment in Mad for Garlic, a Korea-based Italian restaurant chain that has expanded into Southeast Asia.
China food-ordering platforms: Stand and deliver
Competition is increasing in China's online food delivery market as VC investors back start-ups looking to achieve scale ahead of expected consolidation. How asset-heavy should the business model be?
Morningside bets on social network
"We currently have a large position in Apple. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come." This 24-word Tweet, comprising just 111 characters, managed to push up Apple's value by $12 billion in less than...
Blackstone pins down China's Xinrong
Driven by an aging population, increasing health awareness and a rising middle class, China's medical device market is growing at a rapid pace. A recent report by the Hong Kong Medical and Healthcare Device Industries Association reveals that since 2000...
Southeast Asia e-commerce: Logistics logjam
Southeast Asia is expected to see rapid growth in e-commerce over the next five years. But are there enough competent logistics providers to deliver the goods in a timely and cost-effective fashion?
Second hand, first place
Manheim, the world's largest automobile auction provider, was a project more than 30 years in the making. The company facilitates sales of used cars worth $46 billion annually, dominating a US market that trades 40 million vehicles a year.
What now, Alibaba?
Chinese online furniture retailer Meilele started out life as a store within Taobao, Alibaba Group's C2C e-commerce platform in 2008. The company's transactions ran through the Taobao platform, with online payment service Alipay collecting monies owed....