Sectors
Singapore start-ups: Touching greatness
At least four Singapore-headquartered start-ups have four years of operations behind them and are worth at least $100 million. Which businesses have the skill and scale to be the next big thing?
GGV leads $10m round for gamer-focused networking platform
Sino-US VC firm GGV Capital has led a $10 million Series B round funding for Curse, a US-based social networking platform that targets online gamers.
India app developer platform gets Series A round
Pokkt, an Indian alternative monetization platform for mobile app developers, has secured $2.5 million in Series A funding from Singapore-based Jafco Asia and SingTel’s corporate VC arm Innov8.
Standard Chartered PE commits $83m to Indian power business
Standard Chartered Private Equity (SCPE) will invest INR5 billion ($83 million) in the power grid subisiary of Sterlite Technologies, a listed Indian transmission solutions provider for the telecom and power industries.
Navis acquires Singapore oil and gas components maker
Navis Capital Partners has acquired a majority stake in Tri-Star Industries, a Singapore-headquartered component manufacturer for the oil and gas sector. AVCJ understands the deal is worth $50-100 million.
JBIC, Mitsubishi take stake in Middle East water company
The Japan Bank for International Cooperation (JBIC) has joined Mitsubishi Corp. and Mitsubishi Heavy Industries in acquiring a stake in Middle Eastern water treatment firm Metito.
Horizons Ventures joins round for reputation site Traity
Horizons Ventures, a VC business owned by Hong Kong billionaire Li Ka-Shing, has participated in a $4.7 million Series A round for shopping-based social platform Traity.
Goldman Sachs leads $400m investment in Korean gas producer
A Goldman Sachs-led consortium has acquired a controlling stake in the industrial gas business of South Korean conglomerate Daesung Group for $400 million, including $200 million in convertible bonds.
WiL leads $50m round for Japan gaming start-up
Silicon-Valley based Japanese early-stage investor World Innovation Lab (WiL) has a led a JPY5 billion ($49 million) round of funding for Tokyo-based gaming company Gumi.
VC-backed Japan lunch delivery site raises $27m
Japan's Star Festival, the VC-backed start-up behind lunchbox delivery and catering site Gochikuru.com has raised JPY2.8 billion ($27.4 million) from strategic investor Askul, one of the country's largest office supply mail-order companies.
Chinese image-sharing app Nice raises $20m
Nice, a Chinese brand-tagging social mobile app, has secured $20 million in a Series B round of financing led by H Capital, with participation from VY Capital, Matrix Partners and Morningside Technologies.
Multiples makes partial exit from South Indian Bank
India's Multiples Alternate Asset Management has made a partial exit from locally-listed South Indian Bank (SIB), selling one fifth of its stake for around INR428 million ($8 million).
IDG backs Chinese second-hand car site Youche
IDG Capital Partners has provided a Series A round of funding for Youche.com, a Chinese online trading platform for second-hand cars.
Town Health International Medical to invest in Chinese PE fund
Town Health International Medical Group, a Hong Kong-listed dental clinics operator, has contributed RMB15.5 million ($2.5 million) to a PE fund launched by a unit of the Guizhou provincial government.
Carlyle to acquire Japan's SBI Mortgage
The Carlyle Group has made a tender offer to acquire 100% of Japanese mortgage bank SBI Mortgage in deal valued at approximately JPY43.2 billion ($423 million).
VC-backed mobile game platform iDreamSky files for US IPO
IDreamSky Technology, a Chinese third-party mobile game publisher backed by Legend Capital and Redpoint Ventures, has filed for NASDAQ IPO.
KPCB, MediaTek join Series A+ round for China’s Hiwifi
KPCB and MediaTek, a Taiwanese fabless semiconductor producer, have jointly invested in a Series A+ round for Chinese wireless router manufacturer Hiwifi.
Partial exit for PE investors as Luye Pharma raises $764m
CDH Investments, CITIC Private Equity, New Horizon Capital and GIC Private have made partial exits from Luye Pharma Group as the Chinese drug maker raised HK$5.91 billion ($764 million) through its Hong Kong IPO.
Sequoia supports India customer feedback platform
Sequoia Capital has led a $5 million round of funding for Akosha, an Indian online consumer feedback platform. This follows a $200,000 seed stage investment by the VC firm in 2011.
Greenwoods leads $20m in China parenting site
Greenwoods Asset Management has led a $20 million Series B round of funding for lmbang.com, a Chinese parenting app focused on female community.
TPG invests in Hong Kong-based hedge fund seeder
TPG Capital will take an ownership interest in HS Group, a Hong Kong-based investment company that provides seed capital to hedge funds, as part of strategic partnership between the two firms.
Goldman, ADB, GEF commit $140m to India's ReNew Power
Indian renewable energy producer ReNew Power Ventures has received $140 million in funding from Asian Development Bank (ADB), Global Environment Fund (GEF), and existing investor Goldman Sachs.
GIC, Olympus lead Series D round in China premium dairy play
Singapore sovereign wealth fund GIC Private and Olympus Capital Asia have led a $106 million Series D round of investment in China's Huaxia Dairy in a bid to tap in the country's fast-growing premium dairy segment.
Warburg Pincus re-ups in China ANE Logistics
Warburg Pincus has re-upped in China ANE Logistics, committing $50 million to the Chinese logistics and courier services provider.