Venture
rtf
Motilal Oswal PE plans $59m impact investment fund
Motilal Oswal Private Equity plans to raise an impact investment fund with a corpus of INR2.5-3 billion ($47-59 million) that will target socially relevant businesses.
Aditya Birla PE invests $10m in Olive Bar & Kitchen
Aditya Birla Private Equity has invested $10 million in Olive Bar & Kitchen, a Mumbai-based hospitality firm that runs a chain of fine-dining restaurants across India.
Tech-focused US M&A advisor sets up in Seoul
J. Moore Partners, a technology-focused investment bank based in San Francisco, has opened an office in Seoul as part of plans to expand into Asia. It claims to be the first US technology M&A advisory firm to establish a presence in the city.
Jungle Ventures launches $10m 'super angel' fund
Jungle Ventures, a Singapore-based investment firm, has launched a new "super angel” fund, which has raised an initial $10 million to be invested in start-ups across Asia.
New Zealand, Taiwan ink $200m co-investment pact
New Zealand Venture Investment Fund (NZVIF) and Taiwan’s National Development Fund (NDF) have formed a co-investment partnership which aims to commit up to $200 million into venture capital funds in the two nations.
Australia’s Kaz Capital to launch venture fund
Australian boutique financial advisor Kaz Capital is planning a venture fund that will support small- and medium-sized enterprises (SMEs) in need of expansion capital. The company claims to have received conditional regulatory approval to establish an...
PE-backed Samhi invests in Accor-owned Indian hotel chain
Samhi Investments has acquired a 60% stake in Barque Hotels, the company that owns 15 Formule 1 hotels in India, from French hospitality group Accor.
Panorama leads Series D round for Skyfire’s Asia expansion
Panorama Capital has led a $10 million Series D round of funding for Skyfire, intended help the mobile video optimization and cloud solutions company expand in Asia.
Partners VC buys stake in Korea’s Panax Etec
Partners Venture Capital has purchased a 10% stake in Panax Etec, a South Korean battery electrolyte manufacturer, for KRW10 billion ($9 million). The investment facilitates the partial exit of Samsung Venture Investment and Bokwang Investment.
500 Startups hires India investment professional
500 Startups, the US-based incubator founded by serial entrepreneur Dave McClure, has hired Pankaj Jain to head up its India operations. He was previously consulting for TLabs in New Delhi, focusing on deal sourcing and running the start-up accelerator...
Founder of Australia’s Seek plans PE platform
Paul Bassat, co-founder of Australian job search site Seek, is looking to set up a private equity platform with Tony Holt, who recently left his position as a senior managing director with Macquarie Group in Hong Kong.
Shenzhen Capital, New Margin fund Chinese sex toy retailer – report
Shenzhen Capital and New Margin Ventures have reportedly provided RMB300 million ($47.4 million) in Series A funding to Adam & Eve, a Chinese sex toys retailer. The company claims to be the first in its segment to receive approval from the State Food...
NVP, Sequoia lead Series A round for India’s Capillary Technologies
Norwest Venture Partners (NVP) and Sequoia Capital have led a $15.5 million Series A round of funding for Capillary Technologies, an India-based cloud computing services provider. Existing investor Qualcomm Ventures also participated.
China’s IPV Capital backs mobile protection solution provider
V-Key, a mobile applications security solutions provider, has secured a $4 million Series A funding round from China-based VC investor IPV Capital.
Wellington Partners leads $3.4m Series A for AyoxxA Biosystems
Wellington Partners Venture Capital has led a EUR2.6 million ($3.4 million) Series A round of financing in AyoxxA Biosystems, a biotech firm based in Singapore and Germany. The capital will provide AyoxxA with the resources to scale-up production of bead-based...
Tsinghua’s TEEC raises $1.4m for US-China angel fund
Tsinghua Entrepreneurs & Executive Club (TEEC), a group set up by VC-oriented alumni of China’s Tsinghua University, has raised $1.4 million for its second angel investment fund. The vehicle launched in June and has a final target of $8 million.
Yahoo Japan launches VC fund - report
Yahoo Japan has joined the corporate venture capital club by launching a JPY1 billion ($12.8 million) fund. It will principally target start-ups in the smart phone, internet advertising and cloud computing spaces.
India’s DesiCrew raises $1.3m from VC players
DesiCrew Solution, a rural business process outsourcing (BPO) service provider, has raised INR70 million ($1.3 million) in a Series B round from social investment manager responsAbility and Ventureast Fund Advisors India. The capital was channeled through...
IndoUS Ventures leads Vyome Biosciences Series A round Partners
Vyome Biosciences, a Delhi-based biopharmaceutical company that focuses on dermatology, has raised $3.3 million in Series A financing. The round was led by IndoUS Venture Partners, with Aarin Capital and existing investor Navam Capital also participating.
Star potential: Celebrities turn to VC
Chinese basketball star Yao Ming recently upped his involvement in private equity, prompting speculation that other Asian celebrities will follow suit. Can they be successful?
RRJ Capital invests $50m in Chinese biotech firm - source
RRJ Capital is said to have injected $50 million in Chinese biotech company Triplex Biosciences, taking an 11-19% stake in the company.
Non-profit VC firm hires Navis director for India operations
Sachindra Rudra, former director of India operations at Navis Capital, has joined Acumen Fund, a non-profit global venture firm addressing poverty across Africa and South Asia, as the new country director.
General Catalyst invests $20m in Australia's Bigcommerce
Australian e-commerce start-up Bigcommerce has won $20 million in Series B funding from General Catalyst Partners. The US venture capital firm previously invested $15 million just over a year ago.
Kaizen commits $4.5m to Indian school management firm
Kaizen Private Equity has invested INR250 million ($4.5 million) for a minority stake in Altus Learning, an Indian school management firm. The funding will be used to help the Gujarat-based operator expand in northern India.