Technology
Mayban Ventures to invest $399m over next five years
Mayban Ventures, the private equity arm of Maybank, Malaysia’s largest financial group, has announced plans to channel up to RM250 million ($399 million) into Asian deals over the next five years.
GSR Ventures leads $30m round for Boston-Power
GSR Ventures has led a $30 million round of investment into lithium-ion battery maker Boston-Power, which recently agreed to relocate its operational headquarters to China.
GCA to invest $200m in India
San Francisco-based private equity firm Gerken Capital Associates (GCA) has announced that it intends to begin investing in the Indian market with an initial commitment of $200 million.
IDG, Accel invest $50m in US hardware firm
Bangalore-based IDG Ventures and Silicon Valley’s Accel Partners have led a $50 million Series A round of funding for Razer, a US gaming hardware company.
Matrix and Greylock boost Chinese app developer with $15m
Matrix Partners China and Greylock Partners have subscribed to a $15 million Series B round of funding for the company behind Chinese mobile application Flights Manager.
OneGate, Catalyst set up Sino-Israeli fund manager - report
Shanghai-based private equity fund OneGate Capital and Israel's Catalyst Investments have set up a fund manager called China Israel Technology Fund Management Company.
Greylock, Battery-backed Taggle closes down
Taggle, the Indian online retailer backed by Greylock Partners and Battery Ventures, closed its doors last week, reportedly squeezed out of the market due to competition.
IIF program to invest $102m in Australian venture
The Australian government has announced plans to provide venture capital funds with up to A$100 million ($102 million) of capital via its Innovation Investment Fund (IIF) program.
The Founders Fund plans Australian startup fund
US venture capital firm The Founders Fund is reportedly planning to create a vehicle which will invest in Australia-based startup companies.
NZVIF to invest $6m in start-ups
The New Zealand Venture Investment Fund (NZVIF) is making plans to invest up to NZ$8 million ($6 million) in New Zealand-based start-up firms.
Beikai Capital launches $79m RMB fund
Private equity firm Beikai Capital, formerly a unit of Balloch Group, has established a RMB500 million ($78.7 million) fund in collaboration with a Nanjing-based venture capital firm.
ICICI Venture circles Videocon Industries unit
ICICI Venture, the private equity arm of India’s ICICI Bank, has expressed an interest in buying Videocon Industries’ direct-to-home (DTH) broadcast services unit, D2H.
Yahoo examines options for exiting Japanese business – report
Yahoo is close to unloading its 35% stake in Yahoo Japan and it is thought that a sale could happen relatively quickly, potentially simplifying decisions about the US firm’s wider prospects.