Technology
Hong Kong's WeLab gets $25m credit facility from ING
ING Bank has extended a $25 million credit facility to Hong Kong’s WeLab, a private equity-backed mobile lending and credit analytics platform.
Deal focus: HappyFresh prepares shopping list
Buyoed by a Series B round, Southeast Asian online grocery delivery business HappyFresh is refocusing on core markets with a view to deepening its sourcing relationships with major supermarkets
Wanderlust: PE taps into China's tourism boom
Ocean Link is China’s first private equity firm dedicated to investing in the travel and tourism industry. Can it successfully leverage an increasingly wealthy, free-spending and far-traveling domestic user base?
China local supermarket O2O player raises $195m
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has raised a RMB1.3 billion ($195 million) Series B round from a group of renminbi fund managers including Fortune Capital.
Sequoia, Venturra, SIG lead $8m Series A for Thailand's Zilingo
Sequoia Capital India, Venturra Capital and Susquehanna International Group (SIG) have led an $8 million Series A round for Thailand-based online fashion retailer Zilingo.
China online tourism operator Joyu Culture raises $150m
Shanghai Joyu Culture Communication, which operates Chinese VC-backed tourism booking site Lvmama.com, has raised RMB1 billion ($150 million) through a private placement on the National Equities Exchange and Quotations (NEEQ), also known as the New Third...
Premji invests in India's Lenskart
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has invested in Indian online eyewear retailer Lenskart.
Deal focus: Ambit backs digital media transformations
Prime Focus Technology develops systems that ease the burden on media providers struggling with the demands of a digital age. New investor Ambit Pragma will help the company expand its reach
China online used car marketplace Renrenche raises $150m
Renrenche, a Chinese peer-to-peer second-hand car trading platform, has raised $150 million in the initial tranche of its ongoing Series D round of funding.
Temasek, GDP, Mistletoe in fresh round for Singapore's Garena
Singapore-headquartered mobile internet and gaming platform Garena has raised a fresh round of funding from a unit of Temasek Holdings, Indonesia's Global Digital Prima (GDP) Venture, and Japanese impact investor Mistletoe.
Singapore's Venturecraft launches $37m tech fund
Venturecraft, a Singapore-based VC investor and accelerator, has launched a new S$50 million ($37 million) investment fund aimed at early and growth stage medical technology (medtech) and internet start-ups in Asia.
China's State Council proposes better deal for foreign VC firms
Foreign venture capital investors will receive equal treatment to their domestic counterparts as part of efforts to boost funding for start-ups, according to the Chinese government.
India's Paytm confirms $60m round
Indian mobile payment and e-commerce platform Paytm has raised $60 million from Mountain Capital, the investment arm of Taiwan-based microchip manufacturer MediaTek.
Blackstone ups stake in India's Mphasis to 60%
The Blackstone Group has completed its purchase of Indian IT services provider Mphasis from Hewlett Packard, raising its stake in the company to 60% for a total payment of about $825 million.
NewQuest buys BPO asset from Ayala, Actis
Direct secondaries specialist NewQuest Capital Partners has acquired business process outsourcing (BPO) company Integreon from Philippines conglomerate Ayala Corporation and Actis Capital.
VC-backed Berry Genomics to list in Shenzhen via reverse merger
Berry Genomics, a Chinese genetic test developer backed by Qiming Venture Partners and Legend Capital, is looking to list in Shenzhen through a reverse merger.
China overseas car rental platform raises $22m
Yitu8.net, an overseas car rental platform for Chinese outbound travelers, has raised a RMB150 million ($22 million) Series B round led by Sanhua Holdings, a Chinese refrigeration and air-conditioning components manufacturer.
Accel invests $7m in India's Mihup
Accel Partners has invested over INR450 million ($6.7 million) in Indian artificial intelligence-enabled personal assistant app developer Mihup Communications.
Deal focus: NGP diversifies across modern mobility
Nokia Growth Partners saw India's Zoomcar as potential star at the nexus of car connectivity, marketplace platforms and technology-driven transport solutions. Now it is backing the company's car-sharing model
China Everbright, Focus Media form $750m TMT fund
China Everbright and its portfolio company Focus Media, a Chinese outdoor advertising business, have launched a RMB5 billion ($750 million) investment fund that will invest in the technology, media and telecom (TMT) sector.
UOB Venture leads $30m round for China's HunterOn
UOB Venture Management (UOBVM), a subsidiary of Singapore’s United Overseas Bank, has led a RMB200 million ($30 million) Series C round for HunterOn, a Chinese online recruitment services provider.
Ambit Pragma invests in India's Prime Focus
Indian mid-market PE firm Ambit Pragma has invested in Prime Focus Technology (PFT), a subsidiary of Indian media services company Prime Focus.
China cloud radiotherapy start-up Allcure raises $27m
Beijing Allcure Medical Technology, a Chinese medical start-up that develops cloud-based radiotherapy technology, has raised an extended Series A round of funding worth RMB180 million ($27 million).
Sequoia leads $27m round for India, US-based Mitra
Sequoia India and US-based Sands Capital Ventures have led a $27.4 million Series B round of funding for Mitra Biotech, an India and US-based company that focuses on personalized cancer therapies.