Technology
Japanese VCs invest $4m in social retail app developer
Mitsubishi UFJ Capital and DBJ Capital have joined existing investors DCM Japan, Itochu Technology Ventures and Jafco Ventures, in a JPY400 million ($3.8 million) round of funding for Tokyo-based Tab, the start-up behind the location-based retail recommendation...
CITIC Capital finally bags AsiaInfo take-private
Private equity firms have supported 11 management buyouts of Chinese firms listed in the US since mid-2011. Until last week, only two of these successful transactions - Funtalk China and Focus Media - were control buyouts, where one or more PE backers...
Japan Industrial Partners eyes $666m Biglobe deal - report
Japan Industrial Partners (JIP) could acquire Biglobe, Japan's fourth-largest internet service provider (ISP) by number of customers, from IT giant NEC in a deal worth JPY70 billion ($666 million).
Japanese VCs invest $1.5m in ad platform Logly
Voyage Ventures, Mizuho Capital, SMBC Venture Capital and strategic investor CA Mobile have together invested JPY120 million ($1.15 million) in Logly, a Japan-based start-up running an internet ad platform.
Accel, Tiger Global invest $10.3m in India's CommonFloor
Accel and Tiger Global have upped their stake in Indian online real estate portal CommonFloor, together investing an additional INR640 million ($10.3 million) in the company.
Sequoia leads $13m investment in India's BankBazaar.com
Sequoia Capital has led a $13 million round of investment in Indian financial services portal BankBazaar.com. Walden International, which invested $6 million in the company in 2011, also participated in the round.
Platinum buys Australia directories business Sensis
US private equity firm Platinum Equity has reached an agreement with Telstra Corporation, Australia's biggest phone company, to acquire a 70% stake in its directories business Sensis for A$454 million ($407.17 million).
Intel connects to car tech with SanJet
"The way things are evolving, there is more and more technology getting into the car - the functionality and electronics components are increasing," says Sudheer Kuppam, Intel Capital's managing director for Asia Pacific.
South Korea orders KT Corp to buy back satellite from Permira-owned ABS
The South Korean government has ordered telecom operator KT Corp. to buy back a satellite it sold to Asia Broadcast Satellite (ABS), a Hong Kong-based company owned by Permira.
INCJ joins Japanese companies to form $300m start-up fund
The Innovation Corporation Network of Japan (INCJ) has joined a consortium of 10 Japanese companies to set up a $300 million start-up fund to be managed by Silicon Valley-based venture firm WiL.
AltExchange publishes first PE data standard
The AltExchange Alliance - which was set up earlier this year by a group of LPs, GPs and service providers - has launched a new data standard for the private equity industry.
Silver Lake backs Avago's LSI purchase with $1b investment
Tech-focused private equity firm Silver Lake is investing another $1 billion in Singaporean chip maker Avago Technologies to help fund its $6.6 billion acquisition of LSI Corporation.
Bain to acquire Japan's Macromill for $501m
Bain Capital is set to acquire Tokyo-listed Macromill, a Japanese online market research firm, after offering to buy all shares in the company for JPY51.4 billion ($501 million).
Globis, Intel-backed V-Cube raises $43m in Tokyo IPO
V-Cube, a Japanese developer of web-conferencing and webinar systems backed by Intel Capital and Globis Capital Partners, saw its stock open at JPY5,010 per share - a 51% premium on the offering price - on its first day of trading. This followed a JPY4.4...
Australian taxi app Ingogo gets new funding, eyes listing
Ingogo, the Australian start-up behind the mobile taxi-booking app of the same name, has raised a A$3.4 million ($3.1 million) from a group of PE investors ahead of a listing on the Australian Securities Exchange (ASX) next year.
Horizon Ventures leads $15.2m Series B for Misfit Wearables
Hong Kong-based Horizon Ventures has led a $15.2 million Series B round for Misfit Wearables, the US start-up behind the physical activity monitor Shine. Existing investors – which include Founders Fund, Khosla Ventures, Norwest Venture Partners, OATV,...
Baring Asia adds leverage to Hexaware acquisition
HT Global IT Solutions Holdings, an affiliate of Baring Asia, has pledged its entire stake in Indian business processing outsourcing (BPO) firm Hexaware Technologies with Standard Chartered Bank to help pay for its acquisition.
Itochu, Mizuho back Japan restaurant finder app
Itochu Ventures and Mizuho Capital have led a JPY330 million ($3.2 million) Series B round of funding for Retty, the Japanese start-up behind the restaurant app of the same name.
IvyCap leads $5m round for India's Aujas Networks
IvyCap Ventures has led a INR310 million ($5 million) round of funding for Aujas Networks, an information risk management (IRM) service provider. Existing investor IDG Ventures India, along with new entrant Rajasthan Venture Capital Fund (RVCF), also...
China's 500.com jumps 54% on NYSE debut
Shares in VC-backed 500.com gained 54% as the Chinese online sports lottery provider made its US trading debut on Friday. The stock peaked at $21.85 before closing at $20.01, valuing the company at $700 million.
Sequoia backs China CRM platform Xiaoshouyi
Sequoia Capital has provided a Series A round of funding for Xiaoshouyi, a Chinese customer relationship management (CRM) platform.
India's VC-backed Qubecell acquired by mobile payments company Boku
Mobile billing aggregator Qubecell, which is backed by Kae Capital, Blume Ventures, Mumbai Angels and TA Ventures, has been acquired by San Francisco-based Boku.
Bitcoin exchange BTC China Raises $5m from Lightspeed
China’s largest bitcoin exchange by trading volume, BTC China, has raised $5 million in Series A funding from Lightspeed China Partners and Lightspeed Venture Partners.
Starfish invests another $2.8m in Australia's DesignCrowd
Crowdsourced design marketplace DesignCrowd (DC) has raised another A$3 million ($2.8 million) from Starfish Ventures to expand into new markets.