Technology
Khazanah leads $170m Series D for Singapore's Garena - update
Khazanah Nasional, an investment fund controlled by the Malaysian government, has led a $170 million Series D round for Singapore-headquartered mobile internet and gaming platform Garena at a post-deal valuation that AVCJ understands to be more than $3.75...
MOPE invests $15m in India Energy Exchange
Motilal Oswal Private Equity (MOPE) has invested INR980 million ($14.8 million) in India Energy Exchange, buying a 4.1% stake from Jindal Power.
Australia-based Cyara gets $25m Series A round
Cyara Solutions Corp, a customer experience monitoring service established in Australia in 2006, has received $25 million in a Series A round of funding led by PeakSpan Capital and Greenspring Associates.
China's Suning targets $7.7b for stand-alone investment arm
Chinese electronics retailer Suning Commerce Group will create an investment division with a view to reaching RMB50 billion ($7.7 billion) in assets under management. It is part of a strategic transformation through which the company is looking to establish...
India broadens e-commerce FDI rules
India's government has introduced new regulations to allow 100% foreign direct investment (FDI) in online marketplaces and limit discount offerings by e-commerce companies.
China commercial property service platform raises $39m
Haozu.com, a Chinese O2O commercial real estate service platform, has raised a RMB250 million ($39 million) Series A round of funding led by Joy Capital and Black Hole Capital.
VCs commit $33m to Japan's Bizreach
Japanese online talent search platform Bizreach has raised a JPY3.7 billion ($33 million) Series A round led by YJ Capital, the investment arm of Yahoo Japan.
Goldman invests $37m in China's Venus Medtech
Goldman Sachs has committed $37 million to cardiac valve developer Venus Medtech.
Ameba leads $46m round for China rural e-commerce site
Ameba Capital has led a RMB300 million ($46 million) Series A round of funding for Taoshihui, a Chinese rural e-commerce platform that helps farmers make purchases online.
InnoVen sees potential in maturing Southeast Asian entrepreneurs
InnoVen Capital, the venture debt firm backed by Temasek and UOB, sees considerable opportunities in Southeast Asia's entrepreneurial community, which the firm's CEO for Singapore and Southeast Asia Chin Chao sees as improving faster than expected.
Affinity buys Australia's Medical Director for $117 million
Affinity Equity Partners has bought Australia-based clinic management software developer Medical Director for A$155 million ($117 million).
KKR, Alibaba invest in China fresh-food online retailer Yiguo
KKR and existing strategic investor Alibaba Group have invested in a Series C round of funding for Yiguo, a Chinese online fresh-food e-commerce platform.
China recruitment site Lagou raises $34m
Lagou.com, a Chinese job-seeking platform, has raised RMB220 million ($34 million) in a Series C round of funding led by domestic investor Hongdao Capital.
65Daigou gets VC backing, rebrands as Ezbuy
China’s Vision Knight Capital has led a $20 million Series B round for Singapore-based online shopping platform 65daigou, which recently rebranded as Ezbuy.
Japan's Colopl VR Fund leads $11m round for VR specialist
Colopl VR Fund has led a $11 million Series A round of funding for Fove, a virtual reality (VR) technology company founded in Japan and headquartered in the US.
Cherubic launches $120m fund for US, China
Early-stage venture capital firm Cherubic Ventures is targeting $120 million for its latest fund aimed at investments in the US and China.
Gobi, Mavcap launch $14.5m ASEAN seed fund
Gobi Partners and Malaysia Venture Capital Management (Mavcap) have launched a MYR60 million ($14.5 million) fund that will make seed-stage investments across Southeast Asia.
Abraaj leads $150m round for India’s BigBasket
Dubai-based Abraaj Group has led a $150 million funding round for Indian online grocery business BigBasket.
China’s Travelzen raises $93m, plans for onshore exit
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.
Sequoia, Sofina commit $75m to India-based Byju's
India education start-up Byju’s has raised $75 million from Sequoia Capital and Belgium’s Sofina to diversify its product pipeline and for international marketing.
Google Capital invests in India's CarDekho
Indian automobile trading platform CarDekho has secured an undisclosed investment from Google Capital, with participation from existing investor Hillhouse Capital.
China third-party insurance platform Hzins raises $30m
Hzins.com, a Chinese third-party insurance service provider, has raised RMB200 million ($30 million) in a Series B round of funding from domestic GPs including Beijing Wanrong Times Capital and Shenzhen CDF-Capital.
Sequoia targets $1.45b for China VC, growth funds
Sequoia Capital is expected to raise up to $1.45 billion for its latest China venture and growth funds, having penciled in April 7 for a final close.
Deal focus: SCPE backs MoMo’s online-offline payment offering
MoMo provides an online bridge to Vietnamese consumers whose needs are not met by the country's traditional financial services infrastructure. Standard Chartered Private Equity is sponsoring further growth