Growth capital
Creador commits $24m to Indonesia's Bank Index
Creador Capital has paid IDR290 billion ($24 million) for a 20% stake in Indonesian lender Bank Index Selindo.
Elixir Capital backs Indonesian recycling firm
Elixir Capital has agreed to invest $4.5 million in Indonesian recycling company Bintang Makmur, through its ECM Straits Fund.
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 private debt: Belt and braces
There is money to be made providing debt-based solutions to growing Indonesian companies that struggle to get financing from other sources. But enter uninformed or unprotected at your peril
Indonesia middle market: Slow-burn story
Indonesia’s middle market is a proxy for the robust services sector, but it is difficult for investors to penetrate and deal flow has been slow in recent years. Are we are about to see more?
Indonesia: Unrealistic expectations?
The strong fundamentals that saw Indonesia propelled into the upper echelons of private equity – by words, if not deeds – as a counterpoint to China and India are largely unchanged.
TA Associates, Far East Horizon back China's YeePay
TA Associates has invested an undisclosed sum in YeePay, a Chinese payments provider that has previously received backing from several VC players. Hong Kong-listed financial leasing business Far East Horizon also contributed to the investment.
China P2P car-sharing site uuzuche raises $10m
Uuzuche.com, a Chinese peer-to-peer (P2P) car-sharing platform backed by Lightspeed China Partners, has raised $10 million in a Series A+ round of funding from Bitauto, a Chinese auto information web portal.
Rocket Internet leads $110m round for Foodpanda
Emerging markets-focused food delivery app Foodpanda has raised another $110 million in a funding round led by its Germany-based parent Rocket Internet. A number of existing and new backers also took part.
China interior design site To8to raises $200m
To8to, a Chinese interior decoration service platform, has raised $200 million in a Series C round of funding from Sequoia Capital, Matrix Partners China and classifieds online marketplace 58.com.
CNEI commits $8.5m to China waste treatment firm
China New Enterprise Investment (CNEI) has invested $8.5 million in Chenzhou Yangtao Chemical, a Chinese mining waste treatment firm.
Matrix leads $15m round for China CRM platform Xiaoshouyi
Matrix Partners has led a $15 million Series C round of funding for Xiaoshouyi, a Chinese customer relationship management (CRM) platform, alongside Sequoia Capital.
China's Alibaba to invest $200m in Snapchat - report
Alibaba Group plans to commit $200 million to US-based social network Snapchat.
Lightspeed backs China's DaoCloud
Lightspeed China Partners has invested in DaoCloud, a Chinese cloud computing start-up.
CDH commits $22m to China's Zhongding Dairy Farming
CDH Investments has led a RMB400 million ($64 million) Series A round of funding for Zhongding Dairy Farming. Its individual commitment is RMB140 million.
China car-washing app raises $20m from Ping An VC
Ping An Ventures, a venture capital arm under Ping An Insurance, has provided $20 million in Series A funding for Exc118.com, a Chinese car-washing service mobile app.
IFC leads $10m round for India eye hospital chain
International Finance Corporation (IFC) has invested $5.5 million in Indian eye clinic chain Eye-Q Vision, leading a round of financing for the company worth $10 million.
KV driven by more than a sweet tooth
With incomes rising and tastes becoming more refined, Asia represents a growing market for luxury goods. Chocolate is no exception. While supply problems are partly responsible for a 30% increase in global cocoa prices over the last two years, the 60%...
Qiming leads Series A for China medical research, translation provider
Qiming Venture Partners has led a Series A round of funding for MedSci, a Chinese clinical research and academic translation services online platform.
Baird Capital backs China used car auction platform
Baird Capital has agreed to lead a Series A round of funding for Carsing, a Shanghai-based used car auction platform. FLAG Squadron Capital and Delta Capital are also contributing to the round.
VC-backed Chinese home furnishing site Jia.com raises $160m
Jia.com, a Chinese home furnishing and decoration B2C online platform backed by several VC firms, has completed a Series D round of funding worth $160 million.
Cool Japan invests $37m in TV channel Wakuwaku
The government-backed Cool Japan Fund will contribute JPY4.4 billion ($37 million) to a JPY 11 billion investment in entertainment channel Wakuwaku Japan alongside SKY Perfect JSAT Corp (SJC).
KV Asia invests in Singapore's Aalst Chocolate
KV Asia Capital has invested in Aalst Chocolate, a Singapore-based manufacturer of premium chocolate. Financial terms were not disclosed.
China's online drugstore 7LK raises $48m from VCs
Chinese online drugstore 7LK.com has raised RMB300 million ($48 million) in a Series A round of funding from Govtor Capital, Grand Yangtze Capital and TusPark Ventures.