Lightspeed Venture Partners
India's Udaan hits $1b valuation with $225m Series C
Indian B2B online marketplace Udaan, which was established by a team of former Flipkart executives two years ago, has received $225 million in Series C funding led by DST Global and Lightspeed Venture Partners.
Chinese fintech start-up Blackfish gets $50m
A group of VCs including Lightspeed Venture Partners has invested $50 million in Blackfish Technology, a Chinese financial technology start-up offering a range of retail banking services.
PE-backed Chinese healthtech firms to merge
China-based healthcare platforms Tencent Doctorworks and Xingren.com, both of which have several private equity and venture capital investors, have agreed to merge.
India bus-hailing app Shuttl gets $11m
Amazon India has led an $11 million Series B funding round for India-based bus-hailing app operator Shuttl, with participation by several other VC investors.
SE Asia's Grab raises $2b in Toyota-led funding round
Southeast Asia-focused ride-hailing business Grab has raised $2 billion in its latest round of funding led by Japan’s Toyota Motor Corporation and involving a number of other global investors.
Lightspeed, Blue Run back Chinese mapping player Wayz.ai
Lightspeed China Partners and Blue Run Ventures have participated in an $80 million Series A funding round for Wayz.ai, a Chinese smart mapping service provider.
Lightspeed closes second India fund at $175m
Lightspeed Venture Partners has closed its second India-focused fund at $175 million for investments in early-stage consumer and enterprise technology start-ups.
China-US tech: The innovation game
The emergence of domestically-developed tech business models in China that can be exported overseas has VC investors hoping the country can become known as an innovator rather than a copycat
Chinese social e-commerce player Pinduoduo files for US IPO
Pinduoduo, a Chinese social e-commerce platform that counts Tencent Holdings and a string of venture capital firms among its investors, has filed for an IPO in the US.
Fund focus: Sky9 seeks early-stage differentiation
Having raised two VC funds with Lightspeed China Partners, Ron Cao has closed his first at Sky9 Capital with $200 million in commitments. The industry dynamics have changed, but Cao is sticking to his early-stage roots
China online-to-offline: Retail reorientation
As technology brings the buyer closer to the seller, some investors are put off by the uncertainty while others see opportunities in finding ways to digitize – or further disrupt – traditional retailers
Ron Cao's Sky9 raises $200m for China VC fund
Sky9 Capital, a venture capital firm established by Ron Cao (pictured), formerly of Lightspeed China, has closed its debut US dollar-denominated fund at $200 million.
Deal focus: Lightspeed boosts Udaan's B2B drive
Lightspeed India Partners renews its commitment to B2B online marketplace Udaan and its emphasis on data-derived trustworthiness
Lightspeed backs $50m Series B for India's Udaan
Lightspeed Venture Partners and DST Global founder Yuri Milner have backed a $50 million Series B round for Indian B2B e-commerce start-up Udaan. It follows a $10 million Series A led by Lightspeed in 2016.
China's Toutiao acquires VC-backed selfie app Faceu
Chinese private equity-backed online content platform Toutiao has acquired Faceu, a camera app that has received funding from IDG Capital and Lightspeed China Partners.
China fintech: Follow the consumer
A crackdown on cash loans has undermined investor confidence in China’s fast-growing online consumer-lending market. However, VC players are confident that start-ups can find other angles
Deal focus: Black Fish emphasizes focus on fintech
Lightspeed, Morningside, Jafco and Gobi contribute to the first institutional round of funding for Chinese financial technology player Black Fish
VCs in $146m Series A round for China's Black Fish
Black Fish, a Chinese online consumer finance platform, has raised a RMB950 million ($146 million) Series A round from Lightspeed China Partners, Morningside Venture Capital, Jafco Asia, and Gobi Partners.
China truck logistics players Huochebang, Yunmanman agree merger
Rival Chinese online truck logistics platforms Huochebang and Yunmanman – both of which have received substantial private equity and venture funding – have agreed to merge.
China's Jianpu trades weakly after $180m US IPO
Jianpu Technology, a subsidiary of Chinese VC-backed financial products search and recommendation platform Rong360, has slipped below its IPO price following a $180 million offering on the New York Stock Exchange.
Singtel Innov8, Harmony anchor Qubole's $25m Asian push
Singtel Innov8 and Harmony Partners have led a $25 million round of funding to support the Asia expansion of Qubole, a big data firm based in India and the US.
Chinese financial products platform files for US IPO
Jianpu Technology, a wholly-owned subsidiary of Chinese VC-backed independent financial products search and recommendation platform Rong360, has filed for an IPO in the US.
China's VC-backed Xing Bian Li acquires industry peer
Shanghai-based Xing Bian Li, a VC-backed new retail company that integrates online and offline channels, has acquired industry counterpart 51 Snackbar.
China's VC-backed PPDai files for US IPO
PPDai, a consumer finance marketplace backed by several VC investors, has become the latest Chinese company to try and take advantage of soaring public markets by filing for an IPO in the US.