Technology
Singapore's itBit raises capital for Bitcoin exchange
Canaan Partners and RRE Ventures have co-led a $3.25 million round of funding for Singapore-headquartered Bitcoin exchange itBit. Liberty City Ventures, as well angel investors such as The Jordan Company’s Jay W. Jordan II and Beluga co-founder Ben Davenport...
Baring Asia completes India Hexaware deal
Baring Private Equity Asia has bought an additional 20% stake in IT and business process outsourcing services firm Hexaware Technologies for INR8.16 billion ($127.8 million) through an open offer.
Globis, Intel-backed V-Cube files for Tokyo IPO
V-Cube,a Japanese developer of web-conferencing and webinar systems backed by Intel Capital and Globis Capital Partners, has filed for its Tokyo IPO.
SMBC, NEC-backed VC fund backs US semiconductor firm
Innovative Venture Fund, an early stage investment fund set up by Japan's NEC Capital and SMBC Venture Capital, has a led a round of investment in SiTime Corp, a US-based semiconductor company. Additional participants in the round included Hercules Technology...
New Zealand, Taiwan cross-border fund ups target to $70m
A cross-border fund launched by New Zealand-based Pan Pacific Capital and Taiwan's state-run Institute for Information Industry (III) has raised its target to $70 million and is nearing a first close.
Vision Knight teams up with strategics to tap China online education
Vision Knight Capital - the private equity firm set up by former Alibaba CEO David Wei - has partnered with games developer NetDragon Websoft and a unit of electronics maker Hon Hai Precision Industry to launch a $33 million online education venture....
Jafco-backed Ride On Express files for Japan IPO
Ride On Express, a Japanese food delivery franchise operator backed by Jafco Ventures, has filed for a Tokyo IPO.
Startive Ventures-backed Freelancer targets small-cap IPO
Online jobs marketplace Freelancer.com has filed for its initial public offering on the Australian Securities Exchange with a view to raising A$15 million ($14.43 million). Startive Ventures owns 42% of Freelancer, chief executive Matt Barrie has 50%...
SAIF-backed HomeShop18 raises $14m round
Multimedia retailer HomeShop18 has raised another $14 million in funding from existing investors - Korea’s GS Home Shopping (GS), hedge fund OCP Asia and parent company Network18. SAIF Partners invested $26 million in 2008 for over 25% of the company....
New Horizon leads $50m round for China's Chukong Technologies
New Horizon Capital has led a $50 million Series D round of investment in Chukong Technologies, a Chinese mobile game developer. GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light Venture Capital also participated in the round, which...
Nokia Growth leads Series D round for China's SolarVista Media
Nokia Growth Partners (NGP) has led a Series D round of investment for SolarVista Media, a Chinese outdoor billboard technology and media company. China Ease Management, existing backers Northern Light Venture Capital, Tuspark Ventures and FnH also participated....
Helion, Blumberg invest $1.5m in India's Mygola for US expansion
Mygola.com, an Indian online travel planning start-up, has raised a $1.5 million Series A round led by Helion Venture Partners and including existing backer Blumberg Capital. The funding will be used to support the company's US expansion plans.
Silver Lake, Nexus invest in Indian commodity trading platform
Silver Lake Kraftwerk has taken a minority stake in Bangalore-based Eka Software Solutions, a commodity trading and risk management software provider. Existing investor Nexus Venture Partners also participated in the funding round.
Walden to launch $100m India semiconductor start-ups fund
Walden International will launch a fund to invest in Indian semiconductor-related start-ups. It already manages a similar vehicle focused on China.
Matrix makes a booking with Stayzilla
The travel e-commerce market in India is booming but the technology which has made it possible is also leaving many behind. This is particularly visible is the hotel booking segment, where transactions frequently break down because establishments don't...
Apax adds to global outsourcing exposure
"Including GlobalLogic, Apax funds would have invested about $1.5 billion of equity in the outsourcing space in a number of transactions around the world," says Shashank Singh, partner at Apax Partners and head of their India office. "Technology spend...
OzForex shares jump on debut following $416m IPO
OzForex Group - an Australian online foreign exchange services provider backed by The Carlyle Group, Accel Partners and Macquarie Group - saw its shares jump nearly 30% on its first day of trading following a A$440 million ($416 million) IPO.
Matrix, Valara invest $150m in New Zealand's Xero
New Zealand-based online accounting software company Xero has raised a NZ$180 million ($150 million) round from existing backers Matrix Capital Management and Valara Ventures. The transaction was priced at $15.10 per share for 9.92 million shares - representing...
Sequoia commits $4m to India's Idea Device
Data center automation company Idea Device has raised $4 million in Series A funding from Sequoia Capital.
India's Flipkart raises additional $160m
Online retailer Flipkart has raised an additional $160 million in Series E funding from new investors Sofina, Morgan Stanley Investment Management, Dragoneer Investment Group and Vulcan Capital, along with participation from existing investor Tiger Global.It...
China shopping search portal B5M raises $16m round
ClearVue Partners has led a $16 million Series B round of investment in Chinese shopping portal B5M.
VC-backed Eneres in $25m Japan IPO
Eneres, a venture capital-backed energy resources management firm, saw its stock more than double to JPY717 on its first day of trading in Tokyo yesterday following a JPY2.5 billion ($25 million) IPO.
Japan online fish seller raises $1.5m VC round
Hachimenroppi, a Japanese firm that operates an IT-enabled fresh fish distribution platform, has secured a JPY150 million ($1.5 million) round of investment from Pygmalion No 2, a venture fund managed by Tokyo-based firm Value Create. Two strategic investors...
Singapore payment platform Fastacash receives Series A round
Fastacash, a Singapore-based social payments platform, has raised a $3 million in Series A round from Jungle Ventures, Spring Seeds Capital and Hong Kong-based Funding the Future (FTF).