TMT
Singapore's TradeGecko gets $10m Series B
TradeGecko, a Singapore-based software-as-a-service (SaaS) provider for small to medium-sized enterprises (SME) has received a $10 million Series B round led by local investor TNB Ventures and Australia’s Aura Group.
China Creation Ventures collects nearly $200m for debut fund
China Creation Ventures (CCV), a venture capital firm established by the technology, media and telecom (TMT) team at KPCB, has closed its debut fund with nearly $200 million in commitments.
India-focused blank check company files for US IPO
Tenzing Acquisition, a blank check company headed by New Silk Route Ventures (NSR) co-founder and CEO Parag Saxena, has filed for a $50 million IPO on NASDAQ. The firm will use the proceeds to invest in companies with a focus on businesses operating in...
China tech: Speedy returns
The emergence of a younger generation of Chinese consumers willing to pay for online content and services has shortened the path to profitability - and perhaps to IPO as well - for some start-ups
Jungle targets $150m for third SE Asia VC fund
Singapore-based Jungle Ventures has launched its third Southeast Asia-focused VC fund with a target of $150 million.
Deal focus: Keep makes a sport of data monetization
After raising a $127 million Series D round from the likes of Goldman Sachs and GGV Capital, Chinese fitness app operator Keep is set to find new ways of monetizing its user behavior data
SCPE buys stake in India travel business from Naspers
Standard Chartered Private Equity (SCPE) has invested an undisclosed amount in Indian online travel company Travel Boutique Online (TBO) to acquire a stake held by South African internet conglomerate Naspers.
GP profile: Golden Gate Ventures
Golden Gate Ventures was founded in order to bring much-needed support to Southeast Asia’s fledgling start-up community. The firm has found success by promoting an entrepreneurial culture within its team
TPG leads $100m Series D for India’s Bigtree
TPG Capital has led a $100 million Series D funding round for Bigtree Entertainment, an India-based ticketing services company best known for its aggregator service BookMyShow.
India's OfBusiness gets $29m Series C
OfBusiness, an India-based financial technology company focused on smart financing services has received an INR2 billion ($29 million) Series C funding round led by Creation Investments and Falcon Edge.
Fund focus: Unicorn sticks to early-stage remit
China venture capital-focused fund-of-funds Unicorn Capital Partners raises $250 million with an eye on an increasingly challenging but rewarding early-stage technology space
Booking.com owner invests $500m in China’s Didi
Booking Holdings, which operates a number of online travel businesses including Booking.com, has invested $500 million in Didi Chuxing, a Chinese ride-hailing company with substantial PE and VC backing.
Deal focus: L Catterton taps the China luxury story
L Catterton Asia aims to help Chinese online luxury goods retailer Secoo expand its frontiers with technological and logistical support from e-commerce giant JD.com
India’s Unacademy raises $21m Series C round
Indian online education platform Unacademy has raised a $21 million Series C round of funding from a group of investors led by Sequoia Capital India.
Andreessen Horowitz promotes Connie Chan to partner
Connie Chan (pictured), the executive at US venture capital firm Andreessen Horowitz responsible for managing the Asian network, has been promoted to general partner.
China-owned Opera Software files for US offering
Opera Software, a Norwegian web browser developer acquired by a PE-backed Chinese consortium in 2016, is looking to raise up to $115.2 million in a US IPO.
VC-backed 51 Credit Card completes $129m HK IPO
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Meituan-Dianping GP closes consumer fund at $300m
Longzhu Capital, a venture capital firm established by Chinese online-to-offline (O2O) services platform Meituan-Dianping, has closed its debut fund at RMB2 billion ($300 million).
Yahoo acquires Japan's VC-backed Dely
Yahoo Japan has acquired Dely, the VC-backed Japanese start-up that operates online recipe-sharing service Kurashiru.
Chinese coffee shop chain raises $200m, achieves unicorn status
Luckin Coffee, a Chinese coffee shop chain established last year, has raised $200 million in Series A funding from GIC Private, Centurium Capital, Legend Capital, and Joy Capital. Centurium, a GP established by ex-Warburg Pincus China head David Li, is...
2Q analysis: Flipping out
Flipkart sets the tone as strategics deliver tech trade sale exits; Chinese internet players and healthcare are the trendsetters in investment; buyouts, venture stand out in Asia fundraising
Goldman leads $127m round for Chinese fitness app
Goldman Sachs has led a Series D funding round worth $127 million for Keep, a Chinese mobile app that provides fitness training programs.
China’s Ganesh launches $250m India VC fund
Ganesh Ventures, a Chinese investor focused on India, has reached a first close of $30 million for a VC fund targeting $250 million.
Unicorn raises $250m for second China fund-of-funds
China-focused venture capital fund-of-funds Unicorn Capital Partners has closed its second fund at the hard cap of $250 million.