Technology
Accel raises $305m for India fund
Venture capital firm Accel Partners has raised $305 million for its fourth country-focused fund to invest in Indian start-ups.
Chinese smart bicycle maker raises $15m
700Bike, a Chinese smart bicycle manufacturer, has raised a Series A round of funding worth $15 million from Banyan Capital, China Growth Capital and IDG Capital Partners.
VC-backed Gunosy files for Tokyo IPO
Gunosy - a Japanese news app developer backed by the venture capital firm Jafco, telecoms company KDDI Corp. and B Dash Ventures - has filed for a Tokyo IPO.
INCJ consortium invests $21m in Japan stem cell start-up
Megakaryon, a Japan-based stem cell technology developer, has raised JPY2.54 billion ($21.2 million) from a consortium of investors including existing backers Innovation Network Corporation of Japan (INCJ), Mitsubishi UFJ Capital, SMBC Venture Capital...
China's Alibaba backs Israeli venture fund
Alibaba Group has made an LP commitment to the latest fund being raised by Israel-based VC firm Jerusalem Venture Partners (JVP). It comes two months after the Chinese e-commerce giant made its first director investment in Israel.
JD.com invests in VC-backed Chinese payment platform Fenqile
Chinese online retailer JD.com has invested in Fenqille.com, a Chinese installment payment platform backed by several VC investors.
Malaysia's Ekuinas buys mobile payments firm, school chain
Ekuinas, the Malaysian government-backed private equity investor, has acquired two companies - mobile payment platform Tranglo and private school chain Tenby Educare - for a total MYR124 million($33.8 million).
India mobile payment start-up raises Series B round
India-based mobile payment provider Mosambee has raised a Series B round of funding from Rajasthan Venture Capital Fund (RVCF) and existing investor SIDBI Venture Capital.
Valiant backs Mahindra-owned used car trading platform
Indian used car trading platform Mahindra First Choice Wheels (MFCWL) has raised $15 million from Valiant Capital Management, a San Francisco-based hedge fund. It will take a minority stake in the business.
Vertex to support parenting site's India expansion
Vertex Ventures, a VC subsidiary of Singapore's Temasek Holdings, has led a funding round for online parenting portal theAsianparent, bringing the total raised by the site to S$4.5 million ($3.3 million).
IFC proposes $20m investment in India's NxtGen Technology
The International Finance Corporation (IFC) is considering an investment of up to $20 million in Indian IT data center construction and management firm NxtGen Technology, in a deal that will involve both equity and debt.
China's Tiantu commits $32m in dining mobile app
Chinese consumer-focused GP Tiantu Capital has invested RMB200 million ($32 million) in a Series A round of funding for Kaizhuo, a mobile app can be used to make restaurant bookings and payments.
China's Addor Capital to buy assets from travel site eLong
Addor Capital, a private equity firm owned by China’s Govtor Capital, has agreed to buy a subsidiary of US-listed online travel site eLong for RMB76.5 million ($12.2 million).
Taiwan incubator AppWorks raises $50m start-up fund
AppWorks, a Taiwanese incubator, has raised NT$1.5 billion ($50 million) for a new fund to support domestic internet start-ups.
INCJ invests in Japan laser manufacturer Spectronix
The government-backed Innovation Network Corporation of Japan (INCJ) has agreed to invest up to JPY500 million ($4.2 million) in laser manufacturer Spectronix.
Sequoia supports Noah's online China financial platform
Sequoia Capital has invested in Shanghai Noah Yijie Financial Tech, an internet finance subsidiary owned by Noah Holdings. The investment amounts to multi-millions of dollars.
Hahn & Co-backed Cowell e Holdings targets $153m offering
South Korea-focused GP Hahn & Co. is set to make a partial exit from electronics manufacturer Cowell e Holdings as the company seeks to raise up to HK$1.19 billion ($153 million) through its Hong Kong IPO.
VC-backed Snapdeal buys stake in logistics platform
Jasper Infotech, the VC-backed enterprise behind Indian online marketplace Snapdeal, has bought a 20% stake in QuickDel Logistics, operator of e-commerce logistics platform Gojavas.
China's Sailing makes partial exit from Israel-based Mobileye
China’s Sailing Capital has raised $77.5 million by selling a portion of its shares in Mobileye, an Israel-based road accident avoidance technology developer that went public in the US in August last year.
HK's Nest appoints ex-Intel executive to set up accelerator franchise
Hong Kong-based seed investor Nest has appointed Peter Dingle, formerly of Intel Corporation, to lead its newly-established Branded Accelerators program.
KKR joins $170m round for China used car trading platform
KKR has teamed up with search giant Baidu and US-based hedge fund sponsor Coatue to invest $170 million in Uxin, a Chinese online used car auction company best known for B2B platform Youxinpai.
Indonesia start-ups: Growth inflection
Indonesia has relatively incubators, angels and entrepreneurs with businesses of investible quality. Does the recent large investment in Tokopedia suggest the start-up ecosystem is now coming of age?
Q&A: Tokopedia's William Tanuwijaya
Despite initial local skepticism and competition from global rivals, Tokopedia has become Indonesia’s leading online marketplace, securing $100 million from SoftBank and Sequoia Capital last year. CEO William Tanuwijaya charts the journey
India Value Fund commits $50m to taxi firm Meru
India Value Fund Advisors (IVFA) has injected a fresh $50 million in radio taxi service Meru Cab, and is understood to be in talks to invest an additional $100 million in the next two months.