Growth capital
Investec Bank leads $84m round for China P2P lending site
South African-based Investec Bank has led an $84 million Series C round of funding for Jimubox, a Chinese peer-to-peer (P2P) online lending platform, with participation from Haitong Kaiyuan, a PE arm of Haitong Securities.
Keytone leads $20m round for China auto service site
Keytone Ventures has led a $20 million Series A round of funding for Chemayi, a Chinese auto after-sales service platform.
PE investors to participate in $645m China TCM placement
GIC Private, China Renaissance Capital Investment (CRCI) and GL Capital Group are among 26 investors subscribing to a HK$5 billion ($645 million) share placement by China Traditional Chinese Medicine (China TCM), intended to generate capital for acquisitions.
India's Freshdesk raises $50m Series E from existing investors
Online customer support start-up Freshdesk has raised $50 million in Series E funding from existing investors Tiger Global Management, Google Capital and Accel Partners.
India classifieds platform raises $28m from GIC, Norwest
Singapore’s GIC Private has led a Series C round of funding worth INR1.75 billion ($28 million) for Sulekha.com, an India-based classifieds platform based in India. Existing investor Norwest Venture Partners (NVP) also participated.
CBC leads $10m round for Chinese auto repair start-up Kalading
Chinese auto repair start-up Kalading has raised a $10 million Series A round led by CBC Capital. Existing investor Gobi Partners also participated, as did Geek Partners.
China’s 58.com buys stake in VC-backed rival Ganji
US-listed Chinese classifieds site 58.com has agreed to buy a 43.2% stake in its domestic rival Ganji.com in a deal worth around $1.61 billion. It is part of a broader consolidation in China’s internet industry.
BlueRun commits $10m to China securities trading site
BlueRun Ventures has committed $10 million in a Series A round of funding to Mazhan.com, a Chinese online margin trading platform.
VC-backed Chinese credit card management app raises $50m
U51.com, a VC-backed credit card management mobile app, has raised $50 million from Shanghai-listed property developer Xinhu Zhongbao.
Temasek invests $151m in India's Glenmark Pharma
Singapore state-backed investment group Temasek Holdings has invested INR9.45 billion ($151 million) in India's Glenmark Pharma via a preferential allotment of shares.
Sprinklr raises Series A round to launch Japan unit
US-based social media management software developer Sprinklr has raised JPY1 billion ($8.4 million) in a Series A round to support its Japan branch, with participation by Recruit Holdings and Suneight.
India taxi-booking service Ola closes Series E round at $400m
Indian taxi-booking service Ola - operated by ANI Technologies - has closed its latest Series E round of funding at $400 million, valuing the company at $2.4 billion. The round was led by DST Global.
Asian LPs back Israel-based Viola’s $250m fund
At least six Asian investors are LPs in the latest fund being raised by Israel-based technology growth capital and buyout firm Viola Private Equity, which reached its targeted amount of $250 million.
India's Grofers raises $35m Series B from Tiger, Sequoia
India-based online grocery marketplace Grofers has raised a Series B round of funding worth $35 million from Tiger Global and Sequoia Capital.
Accel, Recruit Holdings back Australia's 99designs
Australia-founded online design marketplace 99designs has raised $10 million in a Series B round led by Recruit Strategic Partners, with existing investor Accel Partners also participating.
China virtual reality headset maker raises $10m
Baofeng Mojing, a Chinese virtual reality headset manufacturer, has raised $10 million in a Series A round of funding led by film producer Huayi Brothers Media.
Dianping secures $850m pre-IPO round
Having raised $850 million - the largest disclosed round for a Chinese tech start-up so far this year – in a matter of months, Dianping is now thought to be nearing an IPO. The investment values the 12-year-old company, described as a Chinese version...
First quarter analysis: Slow start
Slower investment in the first quarter is either an historical norm or a worrying sign; fundraising flies by for the few, the majority still struggle; Asia’s exit bonanza comes to a sudden stop as trade sales weaken
Templeton leads $15m Series C for Vietnam restaurant operator
Vietnamese restaurant operator Huy Vietnam has raised a $15 million Series C round of funding led by Templeton Asset Management. Hong Kong-based firms Welkin Capital and Prosperous Alliance also took part in the round.
China's Renren leads $70m round for US mortgage marketplace
Chinese social networking platform Renren has led a $70 million Series C round for US-based mortgage marketplace LendingHome, bringing the total raised by the company to $109.3 million.
Baidu invests in another China ride-sharing app
Baidu has made its second investment in the Chinese ride-sharing app space in a matter of days, leading a Series C round for Tiantian Yongche, with participation from Sequoia Capital.
Dragoneer leads $10m round for India's ZopNow
Dragoneer Investment Group has led $10 million funding round for Indian online grocery retailer ZopNow. Existing investors Accel Partners, Qualcomm Ventures and Times Internet also participated.
GGV leads $10m Series B for China home decoration site Kujiale
GGV Capital has led a $10 million Series B round of funding for Kujiale, a Chinese interior decoration services platform.
India's Zomato raises $50m from Info Edge
Indian online restaurant and event guide Zomato has raised INR3.11 billion ($50 million) in a funding round led by existing investor Info Edge.