Technology
Taiwan’s KKday receives $7m bridge round
Taiwan-based travel website operator KKday has extended its Series A round of funding with a $7 million investment co-led by domestic accelerator AppWorks and Singapore’s Monk’s Hill Ventures.
Morgan Stanley marks down India's Flipkart four quarters in a row
A Morgan Stanley mutual fund has once again marked down its investment in Flipkart, cutting another 38.2% off its valuation of the India-based e-commerce marketplace.
Tsinghua Unigroup scraps plan to acquire stake in Taiwan's ChipMOS
Tsinghua Unigroup, an investment arm of China's state-backed Tsinghua Holdings, has scrapped its plan to invest in ChipMOS Technologies, a chip test and packaging company listed in Taiwan.
Taiwan's Appier raises $19.5m in Series B funding
Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has joined a number of Asian VC firms in a $19.5 million Series B investment in Singapore artificial intelligence (AI) company Appier.
American Express Ventures leads $4m round for IndiaLends
American Express Ventures, the corporate VC arm of credit card company American Express, has led a $4 million round of funding in Indian financial technology start-up IndiaLends.
Tsing Capital, SVC Angel back US-China IoT platform
China cleantech-focused VC firm Tsing Capital and US-based SVC Angel Fund have formed a partnership with IngDan, an internet-of-things (IoT) platform that aims to connect hardware start-ups with supply chain resources in China.
Jungle Ventures reaches $100m final close on SE Asia fund
Singapore-based Jungle Ventures has reached a final close of $100 million on its second fund, which will target Southeast Asian technology start-ups.
Accel closes fifth India VC fund at $450m
Accel Partners has closed its fifth India-focused venture capital fund at $450 million, less than two years after raising $305 million for the fourth vehicle.
China genomic services provider Novogene raises $75m
Novogene Technology, a Beijing-headquartered genomic services provider, has raised a $75 million Series B round from Chinese investors including CMB International, SDIC Innovation Investment and Shanghai Sigma Square Capital.
China Angel Plus raises $100m to back US start-ups
Angel Plus, a Chinese early-stage VC fund established by Michael Yu, co-founder of New Oriental Education, has launched a debut US dollar-denominated fund worth $100 million.
Everbright ReInfore leads $102m round for China retail portal
Everbright Reinfore, a China-focused PE firm under the China Everbright Group umbrella, has led a RMB700 million ($102 million) Series B round for Beijing DS365 Technology, which operates an online retail portal.
India's Kalaari Capital backs two domestic start-ups
Indian technology investor Kalaari Capital has invested $6 million across domestic start-ups, AffordPlan and Active Intelligence.
Singapore's Leonie Hill Capital backs aerospace VC fund
Singapore’s Leonie Hill Capital is backing a $200 million venture fund for the aviation and aerospace industry alongside US-based Starburst Accelerator.
WiL leads $26m round for Japan cross-border e-commerce site
Inagora, a cross-border e-commerce platform that focuses on selling Japanese products, has completed a Series B round of funding worth $26 million led by World Innovation Lab (WiL), a US and Japan-based early-stage investor.
China’s Suning leads round for PE-backed Yiguo
Yiguo, a Chinese PE-backed online fresh food retailer, has completed an extended Series C round of funding led by domestic home appliance retailer Suning Commerce Group.
VC-backed KFit buys Groupon Malaysia
Malaysian gym membership app KFit, whose VC backers include Sequoia Capital and Venturra Capital, has acquired Groupon Malaysia.
WI Harper forms Sino-US fund with Chinese investors
Early-stage VC firm WI Harper Group has teamed up with two Chinese investment funds – Luxin Venture Capital Group and Shandong Leader Equity Investment Fund – to launch a cross-border fund that will invest in start-ups in China and the US.
Pagoda leads $100m Series C in China's Tiantian Paiche
China-based private equity firm Pagoda Investment has led a $100 million Series C round of funding for domestic online used car trading platform Tiantian Paiche.
New Zealand's Soul Machines raises $7.5m Series A
New Zealand artificial intelligence (AI) company Soul Machines has raised a $7.5 million Series A round of funding from investors including Horizons Ventures and Iconiq Capital.
China financial data firm Quant Group raises $73m
Quant Group, a China-based financial big data company, has completed a RMB500 million ($73 million) Series C round led by China’s Sunshine Insurance Group.
China online dancing content app Tangdou raises $20m
Tangdou.com, a Chinese online platform through which users can share their dancing experiences and join recreational dance groups, has completed a $20 million Series B round of funding across two tranches.
Infosys backs Stellaris' debut India venture fund
Indian IT and business consulting firm Infosys has made a INR31.6 million ($4.6 million) LP commitment to the debut fund of Stellaris Venture Partners, a spin-out from Helion Venture Partners.
Lightspeed leads $4m round for India's ShareChat
Lightspeed Venture Partners has led a $4 million Series A round for Indian social networking platform ShareChat.
Australia's Bailador launches $13m fundraise
Australia-listed growth-stage private equity firm Bailador Technology Investments has launched a A$17.4 million ($13 million) capital raising.