Venture
IndiaHomes secures $4 million from existing VC backers
IndiaHomes, a Delhi-based property services company, has received $4 million from existing venture capital backers. The firm is seeking to raise another $6 million in the coming fiscal year.
China nearly matches Europe for VC funding in 2011
Chinese companies attracted $6 billion in venture capital funding in 2011, up 8% year-on-year, and putting the country at near parity with Europe, which saw commitments of $6.1 billion. On a country basis, the US remains the runaway leader, with VC funding...
Aureos boosts Indian packaging firm with $7m
Aureos South Asia Managers, a unit of Aureos Capital, has invested $7 million in Indian paper packaging company Sai Security Printers to help it build a new facility in Bangalore.
Intel backs Japanese tech firm G-cluster
Japanese technology company G-cluster Global has received support from Intel Capital and SFR Développement, the venture capital arm of French telecoms company SFR.
Cinemacraft receives funding from 500 Startups
Asian interactive media platform provider Cinemacraft has secured funding from US-based business incubator 500 Startups.
India to launch state-backed $1b innovation fund
India plans to roll out a $1 billion government-backed venture fund to support innovative companies that promise a better future to the poor.
Northern Light supports first Sino-US incubator
Northern Light Venture Capital has launched Silicon Valley’s first Sino-US incubator in conjunction with Tsinghua University Science Park, Shui On Group and Silicon Valley Bank. Known as InnoSpring, the incubator will target startups seeking to enter...
The changing face of Asia cleantech
New energy investment is becoming more specialized and service-oriented. Are venture capital firms moving fast enough, and far enough, to stay ahead of the game?
The irresistible rise of corporate VC
Corporate venture capital units are the elephant in the room. No matter where you tread in the VC sphere, these operators make an appearance – but rarely in the same form.
Smartphone maker Xiaomi secures $90m in VC funding
Chinese smartphone startup Xiaomi Technology has raised $90 million in funding, which values the company at $1 billion. Existing investors Morningside Technologies, Qiming Ventures and IDG Ventures participated in the financing round as well as new participants...
Qiming leads $10m Series A round for Appconomy
Qiming Ventures has led a $10 million Series A round of equity and debt funding in mobile application developer Appconomy. The funds will be used to accelerate the firm’s expansion in China.
IDG, Accel invest $50m in US hardware firm
Bangalore-based IDG Ventures and Silicon Valley’s Accel Partners have led a $50 million Series A round of funding for Razer, a US gaming hardware company.
Accel takes stake in Trivone Digital
Venture capital firm Accel Partners has invested an undisclosed amount for a minority stake in Bangalore-based digital media content provider Trivone Digital.
Venture fund to target India's neglected Dalit people
The Dalits, a group that faced years of prejudice at the bottom of India’s caste system, are set to benefit from the country’s first ever venture capital fund focusing solely on Dalit-owned enterprises. It plans to support a combination of start-ups and...
IDG-Accel China Growth Fund invests $10m in BlueSprig
San Francisco-based software application provider BlueSprig has received a $10 million Series A round of funding from IDG-Accel’s China Growth Fund. The vehicle, managed by IDG Capital Partners, invests in consumer tech companies with a link to China....
The year that was
Asia’s private equity industry began 2011 on a high. With the recession apparently in the tail view mirror, Asian investors were rearing to invest and raise – as were global investors, who were energized by the prospects of the region’s top markets, growth...
BVP India invests in Indian dialysis clinics
Many entrepreneurs within growth-stage firms claim to live and breathe their business propositions. One company founder, Kamah Shah, takes this adage to the next level, however, as his reliance on kidney dialysis machines sees him undergoing the treatment...
Sequoia, Zhenfund team up to launch $30m VC fund
Sequoia Capital China and angel investor Zhenfund have teamed up to launch a RMB200 million ($30 million) venture fund, aimed at providing seed funding to start ups.
Shanghai announces initiatives to foster VC tech investment
Shanghai’s local government has unveiled a multi-tiered plan aimed at encouraging venture capital investment into early stage, locally based technology companies.
Gobi LPs short-changed by VisionChina dispute
The LPs in Gobi Partners' fund have experienced significant delays in receiving their returns from the VC firm’s investment in China’s Digital Media Group (DMG), a source close to Gobi told AVCJ.
WI Harper, Matrix back game developer SNS Plus
WI Harper and Matrix Partners have co-led a $4 million round of funding for SNS Plus, an Asia-focused gaming company. SNS Plus has published more than 60 games on Facebook and a further 15 on other social networking platforms.
Indian tech VC: Where's the exit?
MakeMyTrip’s stellar IPO on NASDAQ last year has a host of other companies preparing to follow suit. The implications for VC are unclear
VC firms file claim against VisionChina for at least $60m
Oak Investment Partners and Gobi Partners have filed a motion with a US court seeking at least $60 million from VisionChina over its failure to make payments relating to the acquisition of Digital Media Group (DMG) last year.
Inventus and Nexus lead $3.5m Series A round for Salorix
Inventus Capital Partners and Nexus Venture Partners have led a $3.5 million Series A round of funding for social media marketing and analytics firm Salorix.