TMT
Fund focus: Intudo targets SE Asia’s sea turtles
Intudo has raised $10 million for a venture capital fund that will bring fast-growing start-ups from Silicon Valley and China to Southeast Asia
CITIC Capital, FountainVest to exit China's Focus Media
CITIC Capital Partners and FountainVest Partners plan to exit their entire stakes in Focus Media - the Chinese outdoor advertising business they helped take private in the US and then re-list in Shenzhen two years ago - within six months.
Eight Roads leads $12.5m Series C for India's Unbxd
Eight Roads Ventures has led a $12.5 million Series C funding round for Unbxd, an India-founded e-commerce services company now headquartered in the US.
PE-backed car auction player Mychebao receives $74m
Chinese second-hand car online auction platform Mychebao, which is backed by several PE investors including PAG Asia Capital, has raised another RMB500 million ($74 million) in an extended Series C round of funding.
Warburg Pincus to invest $360m in Tata Technologies
Warburg Pincus has agreed to invest $360 million in Tata Technologies, the engineering outsourcing and product development IT services arm of Indian conglomerate Tata Group.
China C2C used car platform Guazi raises $400m
Guazi, an online consumer-to-consumer (C2C) used car trading platform that spun out from US-listed Chinese classifieds site 58.com, has completed a $400 million Series B round led by existing investor Sequoia Capital China.
Government-backed Cool Japan invests in 500 Startups fund
Cool Japan Fund, a government-backed venture program for promoting cultural exports, has agreed to invest up to $10 million in a recently launched Japan-focused vehicle managed by 500 Startups.
Sequoia leads $9m Series A for India's MoneyTap
Sequoia Capital India has led a $9 million Series A round for domestic financial technology start-up MoneyTap.
VCs in $15m round for China software start-up PingCap
PingCap, a Beijing-based start-up that provides database solutions for enterprise customers, has secured a $15 million Series B round led by China Growth Capital.
Intudo closes debut Indonesia-focused VC fund
Intudo Ventures, a newly-formed Indonesia-focused VC firm, has raised $10 million for its debut fund that will co-found and invest in early-stage companies.
Nexus, Founders Fund invest $7m in India's HyperTrack
Nexus Venture Partners and Founders Fund have committed $7 million in Series A funding to Indian location-tracking tool developer HyperTrack.
Tencent-backed Futu Securities raises $146m
Tencent Holdings has re-upped in Futu Securities International, leading a $145.5 million Series C round for the Hong Kong-registered cross-border stock trading platform.
PE-owned Blue Star Sports enters Australia, New Zealand
Blue Star Sports, a US-based company controlled by Genstar Capital that provides management software to grassroots sports clubs, has entered the Australia and New Zealand market with the acquisition of SportsTG.
China’s QingCloud raises $160m, prepares for onshore IPO
China-based cloud computing platform QingCloud, which is backed by several VC investors, has raised a new round of renminbi-denominated funding worth RMB1.08 billion ($160 million).
Skylake invests $53m in Korean O2O services player
Skylake Investment has committed KRW60 billion ($53 million) in Yanolja, a South Korean online-to-offline (O2O) local services platform best known for providing discount hotel deals.
Chinese agricultural drone platform secures Series A round
Farm Friend, a Beijing-based agricultural drone services platform, has raised a RMB50 million ($7 million) Series A round led by Gobi Partners.
IDG partners Unilever, AWS on India early-stage program
IDG Ventures India has joined Unilever Ventures and Amazon Web Services (AWS) for an initiative aimed at supporting early-stage technology start-ups in India.
Singapore's VC-backed MoneySmart gets $10m Series B
MoneySmart, a personal finance portal backed by Golden Gate Ventures, has received a $10 million Series B funding round led by Japanese shopping price comparison site operator Kakaku.
Qualgro leads $8m Series B for Singapore's Wavecell
Singapore-based cloud communications platform Wavecell has raised an $8.2 million Series B round led by Qualgro, a VC firm active in Southeast Asia and Australia.
Gobi leads $6m round for Malaysia's Carsome
Gobi Partners has led a $6 million funding round for Malaysia-based online used car purchasing platform Carsome.
China cloud computing business Huayun Data raises $220m
Wuxi Huayun Data Technology Service, a Chinese cloud computing infrastructure provider, has raised RMB1.5 billion ($220 million) in a pre-IPO round from a group of domestic investors.
Legend raises $448m for seventh China VC fund
Legend Capital has closed its seventh China-focused venture capital fund at $448 million. The vehicle is smaller than the firm’s previous vehicle – which raised $500 million in about five months – and spent longer in the market.
Warburg Pincus invests $300m in emerging markets TMT platform
Warburg Pincus has invested $300 million in Princeton Growth Ventures (Princeton GV), a telecom, media and technology (TMT) buy-out platform that seeks to acquire assets in emerging markets.
Deal focus: Swiggy aims to deliver on food promise
Swiggy plans to use its $80 million Series E round of funding to challenge the likes of Zomato and Food Panda for market leadership in India's online food delivery industry