Growth capital
Lufax, China private funds to launch online products
Shanghai Lujiazui International Financial Asset Exchange (Lufax), a Chinese online financial platform controlled by Ping An Insurance Group, has signed agreements with 30 domestic private investment fund managers that will see their products distributed...
Q&A: IDFC Alternatives' MK Sinha
M.K. Sinha, CEO of IDFC Alternatives, explains how the firm has been focusing on private equity exits, gradual accumulation of assets in infrastructure, and opportunistic openings in real estate
India IT services: The digital divide
India’s IT services providers firms have moved beyond their humble beginnings to encompass a wide range of outsourced functions. Private equity backers will continue to be key to their evolution
India financial services: Proxy play
A sizeable portion of the PE capital entering Indian financial services has targeted wealth management as local players look to scale up their offerings on the back of growing private wealth
Partners Group backs China baby products retailer in overseas M&A push
Partners Group has acquired a minority stake in Aiyingshi, a China-based maternity and baby products retailer, with a view to helping the company secure acquisitions and licensing agreements overseas.
Venturra leads $4m round for Malaysia's Kaodim
Venturra Capital, a Southeast Asia-focused VC fund sponsored by the Lippo Group, has led a $4 million Series A round for Malaysian local services marketplace Kaodim.
Ping An Ventures leads $200m round for China’s Mogujie
Ping An Ventures, a VC arm under Ping An Insurance, has led a Series D round worth $200 million for Mogujie.com, a Chinese social networking and shopping platform.
China B2B travel site raises $78m Series B round
Lvyouquan.cn, a Chinese business-to-business (B2B) online travel platform, has raised RMB500 million ($78 million) in a Series B round of funding from a group of domestic investors.
NEA, Accel commit $12.5m to India's MindTickle
Accel Partners and New Enterprise Associates (NEA) have invested $12.5 million in a Series A round of funding for Indian business training and networking platform MindTickle.
Shenzhen Qianhe leads $47m round for China education platform
Shenzhen Qianhe Capital, an investment firm set up by former leading Chinese mutual fund manager Yawei Wang, has led a RMB300 million ($47 million) Series B round for education group Uniquedu.
Bessemer leads $25m round for India's UrbanClap
Bessemer Venture Partners has led a $25 million Series B funding round for Indian local services marketplace UrbanClap.
India's Ola receives $500m Series F round
India ride-hailing service Ola has completed a Series F round of funding, raising $500 million at a reported valuation of around $5 billion.
Sequoia, Lightspeed lead $34m round for India's Craftsvilla
Sequoia Capital and Lightspeed Ventures have led a $34 million Series C round for Indian online ethnic products marketplace Craftsvilla.
KKR makes $90m China fish food investment - update
KKR has made a fifth investment intended to leverage rising food quality and safety in China by taking a significant minority stake in Yuehai Feed Group, which primarily supplies shrimp farms, for about $90 million.
APG, CPPIB join e-Shang in $500m Korea logistics venture
Canada Pension Plan Investment Board (CPPIB) and Dutch pension fund manager APG Asset Management will establish a logistics-focused joint venture in South Korea with e-Shang, a Chinese warehousing operator backed by Warburg Pincus.
KKR backs Australia ultrasound start-up
KKR has committed $35 million to Signostics, an Australian medical technology company that produces hand-held devices used to conduct ultrasound tests and bladder scans.
Temasek, Hillhouse lead $150m round for China’s Aiwujiwu
Aiwujiwu, a Chinese rental and second-home listings portal, has completed a Series E round of funding worth $150 million round led by Temasek Holdings and Hillhouse Capital.
IFC to invest $7m in VC-backed CL Educate
The International Finance Corporation (IFC) will invest $7 million in India's CL Educate, an education services company backed by Gaja Capital.
Sailing supports securities JV in Shanghai Free Trade Zone
Sailing Capital, a private equity firm backed by Shanghai International Group, has agreed to invest in a joint venture securities company based in the Shanghai Free Trade Zone.
China second-hand car platform raises $50m
Haoche51, a Chinese C2C second-hand car trading platform, has raised $50 million in a Series B round of funding led by Source Code Capital and domestic investor Fenghuang Xiangrui Fund.
Indonesia's Bhinneka gets $22m from Ideosource
Indonesia-based venture capital firm Ideosource has committed $22 million to online electronics retailer Bhinneka.
Tencent leads $31m round for Chinese online grocer
Tencent Holdings has led a RMB200 million ($31 million) for Miss Fresh, a Chinese online grocery retailer.
Singapore’s Golden Gate commits $4m to six start-ups
Singapore-based early stage investor Golden Gate Ventures will commit more than $4 million to six Southeast Asian start-ups.
SAIF in $6m round for India's Chef's Basket
SAIF Partners has participated in a $6 million Series A round for Indian start-up Fizzy Foodlabs, which operates the Chef's Basket packaged food brand.