TMT
Carlyle buys 10% stake in India's Infotech Enterprises
The Carlyle Group has bought a 9.96% stake in Infotech Enterprises, a publicly listed IT firm based in Hyderabad. The investment reportedly facilitates the exit of Kotak India Fund, American Funds Insurance and Small Cap World Funds.
TA, Qiming, Ignition invest in Chinese online game developer
TA Associates, Qiming Venture Partners and Ignition Capital Partners have purchased a significant minority stake in Chinese online gaming company Forgame Tech. Terms of the investment were not disclosed.
Fidelity, Qualcomm lead Series C round for Bigshoebazaar
Fidelity Growth Partners and Qualcomm Ventures have led a Series C round of funding worth INR1 billion (US$18 million) for Indian online wholesaler Bigshoebazaar. Existing investors Nexus Venture Partners and Catamaran Ventures also participated.
Micron beats TPG, Hony to acquire Elpida
Micron Technology has beat potential investors including TPG Capital and Hony Capital to acquire Japan’s Elpida Memory for about $2.5 billion, in a move to compete against rivals in South Korea and Taiwan.
Groupon’s China business to merge with Tencent
Group-buying website Groupon is merging its China operations, known as Gaopeng, with a similar site owned by domestic internet company Tencent Holdings. Gaopeng was created in late 2010 as a joint venture between Groupon and Tencent. The Tencent Collaboration...
Sequoia, SAP Ventures back Just Dial after IPO pulled
Sequoia Capital and SAP Ventures have invested INR3.27 billion ($57 million) in Indian listings provider Just Dial after the company’s IPO, scheduled for this month, was delayed until 2013.
General Mobile gets $5m from Singtel Innov8, Mitsui
SingTel Innov8 and Japan’s Mitsui & Co. have led a $5 million round of funding for General Mobile, a company that provides mobile internet services to customers in emerging markets. Existing investors in General Mobile include Taiwan-based MediaTek,...
MineralTree in $6.3m round led by Fidelity India
Fidelity Growth Partners India has led a $6.3 financing round for Boston-based MineralTree, which provides cloud-based secure payments services for small- and medium-sized enterprises (SMEs). Existing investor .406 Ventures also participated.
Robin Bell-Jones to lead Permira’s TMT coverage in Asia
Permira has redeployed Robin Bell-Jones from London to Hong Kong as part of efforts to expand the firm’s investment activities across Asia.
Singtel Innov8, Optus launch Australia start-ups program
SingTel Innov8, the venture capital arm of SingTel, has teamed up with Australian telco Optus to start a seed program to help Australian digital startups grow and expand into Asia.
Singapore start-up raises $1.2m from Walden, Innosight
Singapore-based YFind Technologies has raised S$1.5 million ($1.2 million) in a Series A funding round led by Walden International and Innosight Ventures. The indoor GPS start-up will use the funding to accelerate its development of applications including...
AVCJ China Awards: VC Deal of the Year – Dianping.com
As China’s leading restaurant reviews website, Dianping.com has developed a business model that is difficult for others to replicate. VC backers TrustBridge, Lightspeed, Sequoia and Qiming don’t expect this to change
PE firms plan AsiaInfo bids – report
Silver Lake, TPG Capital and Primavera Capital are said to be among the PE firms that have expressed an interest in AsiaInfo-Linkage, the US-listed telecoms software manufacturer that is subject to a buyout offer from CITIC Capital.
Sony increases take in PE-backed India subsidiary
Sony Pictures Television, the international television production and distribution arm of Sony, has increased its stake in Indian subsidiary Multi Screen Media (MSM), which is also backed by private equity investor Capital International. Sony has agreed...
India’s Komli raises $39m from VCs in Series D round
Norwest Venture Partners has led a $39 million round of funding for Komli Media, India’s largest advertising-focused media technology company. Existing investors Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated,...
Sequoia invests in India’s Citrus Payments
Sequoia Capital has invested an undisclosed amount in Mumbai-based Citrus Payment Solutions, which offers payment services including online banking and credit card gateways.
PubMatic raises $45m in mezzanine financing from VC players
India-based GPs Helion Ventures and Nexus Venture Partners have participated in a $45 million round of mezzanine financing for their portfolio company PubMatic. The round was led by US-based August Capital, with Draper Fisher Jurvetson and Silicon Valley...
WI Harper invests in Quixey’s Series B round
WI Harper, a venture capital firm that invests in early-stage and expansion deal in Greater China, has announced a follow-on investment into Quixey, a search engine for apps, in its Series B financing round.
Chinese online store Meilele receives $40m in second round funding
Chinese home furnishings e-tailer Meilele has received $40 million in second-round funding. The round was led by Singapore’s Vertex Venture, alongside Lightspeed Partners, Xianfeng Huaxing Group, LionRock Capital, and KTB Ventures.
Intel bets on Vietnam’s information highway
Imagine initialing every page of a 1,200-page equity agreement. Sudheer Kuppam, managing director of Intel Capital APAC, did exactly that over the last few months, for the paperwork for a transaction with Vietnam Communication Corp (VC Corp), a leading...
PE-backed Chinese phone maker Xiaomi to get new funding
Chinese smartphone maker Xiaomi Technology is nearing the closing of a fundraising round that will value the company at $4 billion. The news comes after IDG Capital, Temasek Holdings and Qualcomm reportedly participated in a $90 million B-round of funding...
India's Voicetap to raise capital from venture capital
Voicetap, a technology startup focused on mobile-education, has received $1 million from private investors. It is also in talks with other venture capital funds in the US, Singapore and India to raise $7 million over the next few months.
CIC poised to invest $2b in Alibaba Group – report
China Investment Corp. (CIC) may take a $2 billion stake in Alibaba Group in order to finance the Chinese internet company’s purchase of a 20% stake in itself from Yahoo. Last week, Alibaba agreed to purchase half of Yahoo’s 40% holding for $7.1 billion...
Macy’s invests $15m in China’s VIPStore
Macy’s, the US department store operator, has invested $15 million in VC-backed Chinese e-commerce firm VIPStore. As part of the deal, Macy’s will sell private brand merchandise through omei.com, VIPStore’s luxury retail site.