TMT
Temasek leads $45m round for China logistics data provider
Singapore’s Temasek Holdings has led a $45 million extended Series C round for G7, a Chinese logistics data smart device marker. Existing backers Tencent Holdings and Eastern Bell Venture Capital also participated in the round.
China's Xiaomi leads $25m round for India-based Hungama
Chinese smart phone maker Xiaomi has led a $25 million round of funding for Hungama Digital Entertainment, an Indian music and video online platform.
Australian wine start-up raises $19m from Blue Sky
Australia-based online wine retailer Vinomofo has raised A$25 million ($19 million) for an international expansion program from Blue Sky Venture Capital.
US-based EVC launches $50m India fund
Entrepreneurship & Venture Capital (EVC) has launched a $50 million fund to focus on early-stage technology investments in India.
Khazanah leads $170m Series D for Singapore's Garena - update
Khazanah Nasional, an investment fund controlled by the Malaysian government, has led a $170 million Series D round for Singapore-headquartered mobile internet and gaming platform Garena at a post-deal valuation that AVCJ understands to be more than $3.75...
China's Le Sports completes $1.2b Series B round
Le Sports, an independently funded subsidiary of China’s LeTV Holdings, has completed a $1.2 billion Series B funding round at a post-money valuation of $3.3 billion.
China's Suning targets $7.7b for stand-alone investment arm
Chinese electronics retailer Suning Commerce Group will create an investment division with a view to reaching RMB50 billion ($7.7 billion) in assets under management. It is part of a strategic transformation through which the company is looking to establish...
India broadens e-commerce FDI rules
India's government has introduced new regulations to allow 100% foreign direct investment (FDI) in online marketplaces and limit discount offerings by e-commerce companies.
Softbank Ventures Korea invests in India's True Balance
Softbank Ventures Korea has committed an undisclosed amount of Series A funding to India's True Balance, developer of an app to help users check their prepaid SIM card balance.
China used car trading platform Guazi.com raises $205m
Guazi.com, a Chinese C2C second-hand car trading platform, has completed a $205 million round of funding from several international investors.
VCs commit $33m to Japan's Bizreach
Japanese online talent search platform Bizreach has raised a JPY3.7 billion ($33 million) Series A round led by YJ Capital, the investment arm of Yahoo Japan.
Ameba leads $46m round for China rural e-commerce site
Ameba Capital has led a RMB300 million ($46 million) Series A round of funding for Taoshihui, a Chinese rural e-commerce platform that helps farmers make purchases online.
KKR, Alibaba invest in China fresh-food online retailer Yiguo
KKR and existing strategic investor Alibaba Group have invested in a Series C round of funding for Yiguo, a Chinese online fresh-food e-commerce platform.
China recruitment site Lagou raises $34m
Lagou.com, a Chinese job-seeking platform, has raised RMB220 million ($34 million) in a Series C round of funding led by domestic investor Hongdao Capital.
65Daigou gets VC backing, rebrands as Ezbuy
China’s Vision Knight Capital has led a $20 million Series B round for Singapore-based online shopping platform 65daigou, which recently rebranded as Ezbuy.
Gobi, Mavcap launch $14.5m ASEAN seed fund
Gobi Partners and Malaysia Venture Capital Management (Mavcap) have launched a MYR60 million ($14.5 million) fund that will make seed-stage investments across Southeast Asia.
Abraaj leads $150m round for India's BigBasket
Dubai-based Abraaj Group has led a $150 million funding round for Indian online grocery business BigBasket.
China's Travelzen raises $93m, plans for onshore exit
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.
Thailand's Medical Departures raises $2.5m
Singapore-based venture capital firm DMP has led a $2.5 million Series A round for clinical services marketplace Medical Departures.
China third-party insurance platform Hzins raises $30m
Hzins.com, a Chinese third-party insurance service provider, has raised RMB200 million ($30 million) in a Series B round of funding from domestic GPs including Beijing Wanrong Times Capital and Shenzhen CDF-Capital.
Sequoia targets $1.45b for China VC, growth funds
Sequoia Capital is expected to raise up to $1.45 billion for its latest China venture and growth funds, having penciled in April 7 for a final close.
Deal focus: SCPE backs MoMo's online-offline payment offering
MoMo provides an online bridge to Vietnamese consumers whose needs are not met by the country's traditional financial services infrastructure. Standard Chartered Private Equity is sponsoring further growth
Fosun Kinzon leads $15m round for China medical app
Fosun Kinzon Capital, a VC arm backed by Fosun Group, has led a RMB100 million ($15 million) Series B round for Easyhin, a Chinese mobile app that provides healthcare services to mothers and children.
China B2B online liquor retailer Yi Jiu Pi raises $30m
Yi Jiu Pi, a Chinese B2B online liquor retailer, has raised an extended Series B round worth RMB200 million ($30 million) co-led by domestic GPs Yuan Sheng Ventures and Eastern Bell Venture Capital.