Bertelsmann Asia Investments
China’s Club Factory raises $100m Series D
Club Factory, a China-based e-commerce platform focused on India has raised a $100 million Series D round led by Qiming Venture Partners. Existing investors Bertelsmann Asia Investment and Frees Fund re-upped.
Legend leads round for Chinese community group buying business
Legend Capital has led a $100 million investment in Tongcheng Life, a social e-commerce business incubated by Hong Kong-listed online travel agency Tongcheng-Elong.
Chinese calligraphy tuition platform raises $28m
Hexiaoxiang, a Chinese online education service that teaches calligraphy to kindergarten and primary school children, has closed a Series B funding round worth RMB200 million ($28 million).
Bertelsmann leads $30m round for India fintech start-up
Bertelsmann India Investments has led a $30 million funding round for Rupeek, an India-based online gold loan marketplace.
India's Lendingkart raises $30m Series D
Indian financial technology platform Lendingkart has raised a INR2.1 billion ($29.9 million) Series D round from existing investors Fullerton Financial Holdings, Bertelsmann India Investment, and India Quotient.
Alibaba leads Series D for China education start-up
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
GSR, BAI lead round for Chinese industrial SaaS provider
GSR Ventures and Bertelsmann Asia Investments (BAI) have led an RMB150 million ($22 million) Series B round for Black Lake Technology, a China-based supplier of data collection, visualization and analysis to factories.
Bertelsmann leads $27m round for India's AgroStar
Bertelsmann India Investments has led a $27 million Series C round for AgroStar, an Indian mobile retail platform focused on the agriculture sector.
India's Licious raises $25m Series D
Delightful Gourmet, operator of Indian online fresh meat and seafood ordering platform Licious, has raised $25 million in Series D funding to support its geographical expansion.
China car group buying platform raises $20m in US IPO
Tuanche, a VC-backed Chinese online auto services platform that specializes in group buying, raised $20.3 million in its US IPO after pricing its shares towards the low end of the indicative range.
China car group buying platform Tuanche files for US IPO
Tuanche, a Chinese online auto services platform that specializes in group buying, has filed for an IPO in the US. Its backers include K2 Ventures, Highland Capital Partners, and Bertelsmann Asia Investments (BAI).
Deal focus: Linklogis embraces supply chain finance 2.0
GIC Private leads $220 million investment in Linklogis, a financial technology player aiming to fill China's supply chain finance gap
China credit services specialist WeShare gets $90m Series B
Shenzhen-based Chinese financial services provider WeShare has secured $90 million in Series B funding led by Huaxing Growth Capital, an investment arm of China Renaissance, as well as CITIC Capital and Loyal Valley Capital.
Goldman leads $127m round for Chinese fitness app
Goldman Sachs has led a Series D funding round worth $127 million for Keep, a Chinese mobile app that provides fitness training programs.
Tiger Global leads $70m round for China's Danke Apartment
Tiger Global Management has led a $70 million Series B-plus funding round for Chinese start-up Danke Apartment, operator of an online platform that connects landlords with long-term rental tenants.
China’s Danke Gongyu raises $100m Series B
CMC Capital Partners and Banyan Capital have jointly led a $100 million Series B round of funding for Danke Gongyu, a China-based start-up that provides apartment rental services.
Fullerton leads $87m round for India's Lendingkart
Fullerton Financial Holdings has led an $87 million Series C round for Indian financial technology platform Lendingkart.
Indian entrepreneurs drawn to corporate VC – AVCJ Forum
Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
VC-backed LexinFintech files for US IPO
LexinFintech, a China-based financial technology portal backed by several VC investors, has filed for an IPO on the New York Stock Exchange.
PE-backed China online marketing player files for US IPO
China-based online digital marketing business iClick Interactive Asia, which is backed by Bertelsmann Asia Investments (BAI) and SSG Capital Partners, has filed for an IPO in the US.
China’s 51Job acquires majority stake in VC-backed Lagou
US-listed Chinese recruitment site 51Job has agreed to acquire a 60% stake in industry peer Beijing Lagou Network Technology, which is backed by Qiming Venture Partners and other VC investors, for $119 million.
VCs commit $11m to India's Lendingkart
A group of VC investors including Sistema Asia Fund has committed INR700 million ($10.9 million) to Indian fintech platform Lendingkart Technologies.
India's Treebo Hotels raises $34m
Treebo, a VC-backed Indian budget hotel chain, has raised $34 million in a Series C funding round led by Hong Kong-based investors Ward Ferry Management and Karst Peak Capital.
Chinese supply chain financing player gets $30m Series B
Linklogis, a Chinese supply chain finance provider, has raised RMB200 million ($30 million) in Series B funding from Tencent Holdings, China Merchants Venture Capital and Bertelsmann Asia Investments.