TMT
Chinese financial tech firm Qiancheng gets $30m
Qiancheng Technology, a Chinese financial technology company that provides micro-lending services, has raised a RMB200 million ($30 million) Series B round of funding from existing investors Tiantu Capital and U51.com, a VC-backed credit card management...
Goldman, Accel invest $25m in India's FabHotels
FabHotels, an Indian technology-enabled budget hotel chain, has raised a $25 million Series B round led by Goldman Sachs, with participation by existing investor Accel Partners.
Competition heats up for Australia data center business
Asia Pacific Data Centre Trust (APDC), a real estate investment trust (REIT) that owns three data centers in Australia, has received a second takeover bid from existing shareholder NextDC.
Tencent invests in India's PE-backed Byju's
China’s Tencent Holdings has invested an undisclosed amount in Indian online education start-up Byju’s, whose PE backers include Verlinvest and Sequoia Capital.
China's VC-backed DotC United raises $350m Series B
Chinese mobile app publisher and developer DotC United, which is backed by several VC investors, has raised a Series B round of funding worth $350 million.
China project funds: Cut to fit
Project funds have become popular in China on the back of increased demand for PE exposure from corporates and high net worth individuals. It remains to be seen if they have true staying power
Chinese self-driving car start-up Momenta raises $46m
Momenta, a Beijing-based start-up that develops road sensors and mapping software for self-driving cars, has raised a $46 million Series B round of funding led by NIO Capital, an investment unit of local electric-vehicle maker NIO.
SoftBank, Didi Chuxing invest $2b in Southeast Asia's Grab
Southeast Asian ride-hailing app operator Grab has received $2 billion from SoftBank and Chinese peer Didi Chuxing as part of what is expected to be a $2.5 billion funding round.
IDG leads $50m round for China online pet store
IDG Capital has led a Series B round of funding worth $50 million for Epet.com, a Chinese e-commerce platform that sells pet-related food products and other services.
Indian furniture rental company gets $10m Series B
RentoMojo, an Indian financial technology company that facilitates rentals of furniture and other household items, has raised a $10 million Series B round led by Bain Capital Ventures and fintech entrepreneur Renaud Laplanche.
Thailand's Zanroo receives $7.4m Series A
Zanroo, a Thailand-based company that uses big data analytics to offer clients real-time marketing services, has received a $7.4 million Series A funding round from domestic investor Shift Ventures.
China self-service karaoke booth operator raises $15m
Xingtang MiniKTV, a three-month-old Chinese start-up that operates self-service karaoke booths, has raised $15 million across three tranches of funding.
China smart convenience store operator raises $19m
Xiaomai, a Chinese cashier-free convenience store operator much like US-based Amazon Go, has secured RMB125 million ($19 million) in funding led by Aplus Fund and Chenshan Capital.
IDG, Jungle back India's Vayana Network
IDG Ventures India and Jungle Ventures have jointly invested $4 million in a Series A funding round for Indian financial services company Vayana Network.
China logistics platform Yimidida secures $44m Series B
CDH Investments has led a RMB300 million ($44 million) Series B round for Yimidida, a Shanghai-based logistics services platform that focuses on rural areas.
AirTree leads Series B for Australia consulting marketplace
AirTree Ventures has led a A$13 million ($10.1 million) Series B round of funding for Expert360, an Australia-based online marketplace that connects small companies with independent consultants.
Texas County & District backs IDG's latest China VC fund
Texas County & District Retirement System (TCDRS) has committed $30 million to IDG Capital’s latest China venture capital fund – the first to be raised since the GP acquired the global investment business of International Data Group (IDG).
Financial institutions and fintech: Bouncing checks
Southeast Asia’s traditional banks have begun to take a strong interest in the financial technology environment, but their early-stage involvement in the ecosystem is still tentative
Singapore’s BeMyGuest raises $8.4m Series A round
Singapore’s Raffles Venture Partners has led a Series A funding round for domestic travel start-up BeMyGuest that brings the company’s total equity funding to S$11.5 million ($8.4 million).
SBI invests Indian fintech player
Indian payments technology service Innoviti Embedded Solutions has raised a INR1.2 billion ($18.6 million) funding round led by SBI-FMO Fund.
GGV leads $10m round for Asian snacks business
GGV Capital has led a $10 million Series A funding round for Yamibuy, a US-based e-commerce player focused on Asian snacks, beauty products, health supplements and home appliances.
Hong Kong's CompareAsiaGroup gets $50m Series B
The International Finance Corporation (IFC) has led a number of venture capital firms in a $50 million Series B funding round for Hong Kong-based financial comparison platform CompareAsiaGroup.
Kalaari, Nexus back Indian online grocery marketplace
Kalaari Capital and Nexus Venture Partners have committed $8.5 million in Series A funding to Indian online grocery marketplace Jumbotail.
VC-backed Omise raises $25m, acquires Thai competitor
Omise, a Thailand-based financial technology company backed by a number of venture capital firms, has raised $25 million and acquired Paysbuy, a fintech subsidiary of domestic telecom player Dtac.