Growth capital
Kingsoft Cloud secures $20m Series A round led by DST's Milner
Kingsoft Cloud, a cloud computing unit of Hong Kong-listed Kingsoft Group, has received a Series A round of funding worth $20 million, led by Yuri Milner, founder of DST Partners.
Abraaj, CDC back India's Rainbow Hospitals
The Abraaj Group and CDC, the UK government’s development finance arm, have together committed $17.5 million to Rainbow Hospitals, a pediatric and maternity healthcare facility in the southern Indian state of Andhra Pradesh. The size of the stake was...
Tiantu Capital makes the first investment via sixth RMB fund
China’s Tiantu Capital has committed RMB80 million (US$13 million) to Ganqishi, a Hangzhou-based Chinese cuisine food chain, for an undisclosed stake. It is the first investment from the VC firm's sixth renminbi-denominated fund.
Fab raises $5m from Itochu Corp
Online lifestyle store Fab.com has raised $5 million from Japan’s Itochu Corporation, as the two develop a joint venture agreement to bring the company to Japan in 2014.
Chinese online legal site receives $1.88m funding
Morningside Technologies, ZhenFund and Chinese angel investor Zhikang Dai have committed to a RMB11.5 million ($1.88 million) Series A round of funding for Legal.cn, a Beijing-based online legal services provider.
Shanghai Buttonwood Capital invests in China jewelry site
Shanghai Buttonwood Capital has led a $1 million Series B round of funding for zhubao.com, a Chinese jewelry e-commerce vendor, for an undisclosed stake.
Shenzhen Capital invests China's Le Vision Pictures
Shenzhen Capital Group has invested in a Series A round of funding for Le Vision Pictures, the Beijing-based film making arm of online film and TV portal LeTV. Details of transaction were not disclosed but this latest investment bring to total amount...
Indian VC Aavishkaar closes Fund II at $94m
Aavishkaar Venture Management Services has closed its second fund, Aavishkaar II, at $94 million. Investors include the International Finance Corporation, Cisco, KfW, FMO, CDC Group and Rianta Capital, a London-based family office.
IFM takes 34% stake in NZ's Scottish Pacific
Australia's Industry Funds Management (IFM) has taken a 34% stake in New Zealand financial services company Scottish Pacific.
ASK Pravi invests $9.7m in India's OMNI Hospitals
ASK Pravi Capital Advisors has invested INR600 million ($9.7 million) in the tertiary care OMNI Hospitals chain for a significant minority stake.
GGV, Orchid Asia invest in China's Beauty Plus
GGV Capital and investment group Orchid China have jointly participated in a Series A round of funding for a Shanghai-based cosmetics retailer Beauty Plus.The financial terms were not disclosed.
IFC, Invesco WLR lead Organica Water Series B round
WLR China Energy Infrastructure Fund (CEIF) - a private equity fund managed by Invesco WLR Private Equity - has taken part in a Series B round of funding for Organica Water, a global waste water treatment solutions provider, led by International Finance...
Vangoo Capital leads China's luxury goods site Series C round
Japan’s Vangoo Capital Partners has led a Series C round funding for Secoo.com, a Chinese luxury goods e-commerce platform. The investment sum was undisclosed.Existing investors IDG Capital, French venture capital firm Vantech Capital and Shanghai-based...
China pollution control business gets $20m Series C round
Invesco WLR Private Equity and Keynote Ventures have led a $20 million Series C round funding for LP Amina, an US-based energy and environmental solutions provider. Existing investors Qiming Venture Partners and Hao Capital also participated.
GE Energy invests $42m in India hydro-electric project
GE Energy Financial Services India has committed INR2.5 billion ($42.5 million) to a hydro-power project in north-east India operated by Gati Infrastructure (GIL). The investment was made through a share subscription agreement, for an undisclosed stake....
China's Car Clubs rental service secures Series A financing
Hangzhou-based Incapital and government-owned Tobon VC have provided a Series A round of funding for Car Clubs, a Chinese car rental service operator. Details of transaction were not disclosed but it is said to be in excess of RMB10 million ($1.6 million)....
Portfolio: CLSA Capital Partners and Indonesia's Sari Wangi
Sari Wangi is Indonesia's largest private tea player. CLSA Capital Partners invested not so much for exposure to the crop as what the company offers as a platform for distributing agricultural technology.
Blackstone downbeat on India prospects
The Blackstone Group has turned cautious about opportunities in India, where it says “serious governance issues” threaten to erode investor returns. The firm, which earlier this month bought a majority stake in auto parts maker Agile Electric for $56...
China's Baifendian secures $10m Series B round
Baifendian, a Chinese recommendation engine that tracks user tastes and predicts how they might rate items, has received $10 million in Series B financing from Zhejiang Shinkansen Media Investment via its Eastern Starry Sky Culture Fund.
EQT mulls deal for Dairy Queen, Papa John's China franchisee – report
EQT Partners intends to buy a minority stake in RCS Group, a Chinese fast-food chain operator that owns franchisee rights for the Dairy Queen and Papa John’s Pizza, from existing investor Warburg Pincus.
Arisaig invests $30m for stake in India McDonald's franchisee
Arisaig Partners has bought a 3.47% stake in Mumbai-listed Westlife Development for INR1.8 billion ($30 million). Westlife controls McDonald’s restaurants in west and south India through its direct subsidiary, Hardcastle Restaurants. It is one of two...
China's SAIF invests in COFCO-run food retail site
SAIF Partners has invested in Womai.com, a food and grocery B2C online platform set up by Chinese food conglomerate COFCO. Financial terms were not disclosed but the investment is said to be more than $10 million.
L Capital targets Chinese beauty
As growth slows in China's consumer sector, L Capital Asia has identified cosmetics as a segment with the qualities to withstand the broader trend. Put simply, as a woman’s disposable incomes rise, so does her consumption of premium cosmetics, particularly...
Caffeinated returns: Private equity's coffee shop craving
Private equity is already leveraging the growing popularity of coffee shops across Asia. But where is the next frontier – and is it all about the coffee?