TMT
Chinese investors join $40m round for Misfit Wearables
GGV Capital, Shunwei Venture Partners, smart phone maker Xiaomi and online retailer JD.com have participated in a $40 million Series C round of funding for Misfit Wearables, which manufactures wearable devices that track health and fitness.
Fenox VC launches $200m Bangladesh fund
Silicon Valley venture capital firm Fenox VC is launching a $200 million fund that will focus on investments in Bangladesh’s technology, internet and media sectors.
Southeast Asia's Lazada rockets past $700m mark
“We go in with a certain hypothesis of growth and revenue. Sometimes you’re not able to guess how the market will react. If the hypothesis is not confirmed within 3-6 months then we decide to pull out.”
Chinese personal finance app Wacai raises $50m
Hangzhou Wacai Science, a Chinese personal finance management mobile app developer, has raised $50 million in a Series B round of funding led by China Broadband Capital and CICC Capital, a PE arm of China International Capital Corporation.
Temasek leads $249m round for SE Asia-focused Lazada
Temasek Holdings has led a EUR200 million ($249 million) round of funding for Lazada, a Southeast Asia-focused online retailer set up by Germany’s Rocket Internet.
VC-backed Chinese dating app set for $267m US IPO
Momo, a Chinese location-based social-networking app with several VC backers, will raise up to $266.8 million through a US IPO. The company has also agreed to sell shares to Alibaba Group and 58.com through a separate private placement.
China online rental site Uoko.com raises $22m from VCs
A group of VC investors, including Matrix Partners, SIG China, Legend Capital and China Renaissance, have invested $22 million in a Series B round of funding for Uoko.com, a Chinese online rental operator.
PE investors set for another JD.com windfall
Capital Today, DST Advisors and Hillhouse Capital Management will sell more shares in Chinese e-commerce giant JD.com through a follow-on offering.
Goldman leads $36m round for Korean food-ordering platform
A Goldman Sachs-led consortium has invested KRW40 billion ($36 million) in Woowa Brothers Corp, owner and operator of Baedal Minjok, South Korea’s leading digital food-ordering platform.
India early stage: Sowing seeds
India’s young demographic and growing mobile adoption is an opportunity waiting to be tapped for early-stage investors. Industry incumbents are making the most of it, but there is room for more
News Corp invests in PE-backed India property platform
News Corp has paid $30 million for a 25% stake in the parent of PropTiger.com, an India-based online property marketing platform backed by SAIF Partners and Accel Partners.
Rakuten leads $10m Series A for Singapore's PocketMath
Rakuten Ventures, a corporate VC arm of Japanese e-commerce giant Rakuten, has led a $10 million Series A round for PocketMath, a Singapore-based mobile advertising platform.
Convergence Accel launches $25m Indonesia VC fund
Jakarta-based VC firm Convergence Accel has launched a $25 million debut fund that will invest in Indonesian early-stage technology companies.
Arizona PSPRS commits to Trustbridge's fifth China fund
The Public Safety Personnel Retirement System of the State of Arizona (Arizona PSPRS) has committed $40 million to Trustbridge Partners’ fifth China-focused fund.
Sequoia leads $20m Series B round for China's HunterOn
Sequoia Capital has led a $20 million Series B round of funding for HunterOn, a Chinese online recruitment service provider, with participation from IDG Capital Partners.
VCs commit $60m to India restaurant listings site Zomato
Zomato, a restaurant search service based in India, has raised a Series E round of funding worth $60 million from Vy Capital and existing backers Info Edge and Sequoia Capital.
Xiaomi, Shunwei to invest $300m in Baidu-controlled iQiyi
Chinese smart phone maker Xiaomi and Shunwei Capital – a VC firm set up by Xiaomi co-founder and super angel investor Lei Jun – will invest $300 million in iQiyi, a video platform owned by Baidu.
Australia's Bigcommerce gets $50m growth equity round
SoftBank Capital, Telstra Ventures and American Express have led a Series D round of funding worth $50 million for Bigcommerce, an Australian e-commerce platform with a strong presence in the US. Existing investors General Catalyst and Revolution Growth...
VC-backed eHi Car Services raises $120m in US IPO
EHi Car Services, a Shanghai-based car rental company backed by a string of VC investors, has raised $120 million through an IPO on the New York Stock Exchange (NYSE).
Bubble talk: VC valuations
In Beijing and Silicon Valley, there is cause for concern at the flood of capital entering the technology space. It draws comparisons with the dotcom bubble era – but VCs at the AVCJ Forum were keen to play down the similarities.
VC-backed Japanese gaming start-up files for Tokyo IPO
Gumi, the VC-backed Japanese game developer, has filed for its Tokyo IPO, which could value the company at JPY100 billion ($900 million).
Vertex leads $30m round for Chinese e-commerce site Metao
Vertex Ventures has led a $30 million round of funding for Metao, a Chinese cross-border e-commerce platform, with participation from Morningside Technologies, Greenwoods Investment and Matrix Partners.
IFC leads $45m round for India's Tikona Digital
International Finance Corporation (IFC), the World Bank's investment arm, has led a $45 million round of investment in Indian broadband service provider Tikona Digital Networks.
China's Alipay, VC back mobile tech specialist V-Key
Alibaba Group’s online payment platform Alipay and IPV Capital have invested $12 million in a Series B round for V-key, a Singapore and US-based start-up specializing in mobile security and cryptography.