TMT
Matrix India leads Series B for Mswipe
Mswipe Technologies, a Mumbai-based mobile payment services provider, has raised a Series B round of funding led by existing investor Matrix Partners India. Axis Bank and DSG Consumer Partners also participated.
PE consortium buys Aditya Birla Nuvo's BPO unit for $260m
An investor group led by Capital Square Partners and CX Partners has agreed to buy Aditya Birla Minacs Worldwide, a business process outsourcing (BPO) unit owned by Aditya Birla Nuvo (ABNL), for an enterprise value of $260 million.
RedMart fills Singapore’s e-groceries void
When entrepreneur Steve Melhuish moved to Asia from the UK his wife was a prodigious online shopper, having grown accustomed to ordering her groceries from Ocado or Waitrose. While he made headway in Singapore’s internet space, launching realty portal...
Vertex backs FirstCry’s O2O e-commerce push
Indian baby and kids-focused e-commerce site FirstCry.com was not the first mover in its segment when it launched in 2010. Kalaari Capital-backed HushBabies and Babyoye, an Accel Partners and Tiger Global portfolio company, were among those already operating...
Primavera supports $1.9b Shanda Games take-private
Primavera Capital is supporting a buyout of NASDAQ-listed Chinese online game developer and operator Shanda Games that values the company at $1.9 billion. The PE firm is backing controlling shareholder Shanda Interactive Entertainment in the deal.
TAL Education invests $25m in VC-backed Babytree
TAL Education, a China-based after-school tutoring services provider, has acquired a minority stake in childcare website Babytree for RMB150 million ($25 million). The online baby nursing information provider secured previous investments from Matrix Partners,...
Suning acquires VC-backed group buying site Manzuo
Suning Commerce, a Chinese home appliance retailer, has acquired group buying site Manzuo.com. Transaction terms were not disclosed but the investment was said to facilitate a full exit for VC backer KPCB China.
PricePanda gets $3m from Tengelmann for SE Asia expansion
Rocket Internet’s price comparison platform, PricePanda, has raised $3 million from German retailer Tengelmann Group to expand its Southeast Asia footprint. It currently operates in Malaysia, Philippines, Indonesia and Singapore.
Hong Kong-listed A8 commits to tech-focused Qingsong Fund
A8 Digital Music Holdings, a Hong Kong-listed media corporation, has committed RMB20 million ($3 million) to acquire an approximately 6% interest in Qingsong Fund II.
Legend re-ups in US sports tech manufacturer Zepp
Legend Capital has re-upped in athlete training technology developer Zepp Labs, participating in a $15 million Series B round of funding led by GGV Capital. Bertelsmann and Cherubic Ventures also committed capital.
Blume Ventures leads seed round for India’s Turtle Yogi
Blume Ventures has led a seed round of funding for Bangalore-based Turtle Yogi Technologies, which runs cloud-based video calling service 1Click.io. Chennai Angels member R. Narayanan and Shead Holdings are also investors in the round.
Japan's Venture United raises $11m fund
Venture United - the corporate investment arm of Japanese media group United - has raised a new JPY1.26 billion yen ($11 million) fund focusing on internet-related start-ups.
Helion, Accel invest a further $1m in MySmartPrice
Helion Venture Partners and Accel Partners have invested $1 million in a Series A round for Indian price comparison website Mysmartprice as the company expands its product categories offering.
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...
Saif invests $30m in China fashion platform
Saif Partners China has committed $30 million in a Series C round of funding for Yoho, an online fashion magazine and e-commerce platform.
China's WestSummit raises $325m across two tech funds
Beijing-based growth capital firm WestSummit Capital has raised $325 million across two funds, comprising $225 million for West Summit’s Fund II and $100 million for its China Ireland Technology Growth Capital Fund.
China game developer Linekong secures $80m Series C round
China online gaming developer Linekong has raised $80 million Series C round of funding led by Fosun International. Other investors include Orchid Asia, Starwish Global, SAIF Partners and Profitable Century International.
IDG, IvyCap back India's FieldEZ Technologies
Bangalore-based FieldEZ Technologies has raised a first round of funding from IDG Ventures and IvyCap Ventures. The amount invested in the workforce management software company was not disclosed.
Canaan leads $5.6m round for India's SureWaves
Canaan Partners has led a INR350 million ($5.6 million) round of funding for SureWaves MediaTech, an Indian TV advertising platform operating out of Bangalore. Existing backers Accel Partners India and India Innovation Fund (IIF) also participated.
China's JD.com targets $2b IPO - report
Chinese online retailer JD.com, which has received $1.7 billion in venture capital and private equity funding in the last two years, is said to be planning an IPO for the second half of 2014.
CITIC Capital consortium completes $887m AsiaInfo take-private
CITIC Capital Partners has completed the privatization of US-listed Chinese telecom software provider AsiaInfo-Linkage in a deal that values the company at $887 million. CITIC Private Equity and China Broadband Capital were also part of the buyer consortium.
Matrix leads Series B round for China menstruation app
Matrix Partners China has led a $15 million Series B round of funding for Meet You, a menstruation cycle-tracking mobile app. Founder Fangyi Chen and existing investor China Renaissance K2 Ventures has reportedly participated.
Technology Crossover Ventures leads Series B for Australia's Siteminder
Australian hotel booking start-up SiteMinder has raised $30 million in funding led by Palo Alto-based Technology Crossover Ventures (TCV).
Helion backs India language localization firm
Pune-based LinguaNext has raised a Series A round of funding from Helion Venture Partners to expand its international business. Financial terms of the deal were not disclosed.