Venture
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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...
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,...
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.
Samsung Ventures invests in digital TV ad platform YuMe
Samsung Ventures, the VC investment arm of Korea’s Samsung Group, has participated in a $12 million funding round in US-based YuMe, a digital video advertising platform.
Intel invests $40m in Asian tech companies
Intel Capital has committed $40 million to 10 Asian companies from China, India, Japan, South Korea and Taiwan. The technologies covered include semiconductors, green tech, software, security, social gaming and cloud-based services. Details of the size...
Judge rules on VisionChina case
Venture investors in Shanghai-based subway mobile television advertiser Digital Media Group (DGM) have begun taking steps to attach $30 million of assets belonging to out-of-home digital advertising network VisionChina Media following a ruling by the...
ICICI Venture circles Videocon Industries unit
ICICI Venture, the private equity arm of India’s ICICI Bank, has expressed an interest in buying Videocon Industries’ direct-to-home (DTH) broadcast services unit, D2H.
Equity International, GTI invest $75m in Indian hotel developer
US investment firms GTI Capital Group and Equity International (EI) have injected $75 million into Indian hotel developer SAMHI.
Chinatrust Financial plans $300m maiden VC fund
Taiwan’s third-largest financial services firm Chinatrust Financial is raising a $300 million venture capital fund – its first - targeting Taiwanese companies operating in China.
VC-backed Lashou targets $100m in US listing
Venture capital-backed Chinese group-buying website Lashou is looking to raise up to $100 million through an IPO on NASDAQ, with the proceeds to be used to expand its operating capacity and marketing.
VC-backed 6waves buys Chinese game developer Smartron5
Venture-backed social media and gaming developer 6waves Lolapps has expanded its Asian operations via the acquisition of Beijing-based gaming firm Smartron5.
PE-backed SkyLand starts production on China-focused movie
SkyLand, the $100 million China-focused film venture backed by Hollywood entertainment firm Relativity Media, SAIF Partners and IDG China Media, has begun production on the film "21 and Over." It is the company's first movie since announcing its partnership...
VIDEO: Globis Capital Partners' Yoshito Hori
Yoshito Hori, managing partner of VC investor Globis Capital Partners, says that Japan is a prime market for venture investing given its talent and landscape for innovation. He stresses that - despite arguments to the contrary - Japan’s venture space...
Mitsui backs US mobile advertising platform
Mitsui & Co. has participated in a $14 million round of fundraising for US-based mobile advertising and media company 4INFO, alongside Vulcan Capital and existing investors Draper Fisher Jurveston, Gannett, Mezzanine Capital and US Venture Partners. Vulcan...
India's Kiran Energy gets $50m from PE consortium
Argonaut Ventures, Bessemer Venture Partners and New Silk Route Partners have invested $50 million in Kiran Energy Solar Power, a solar power project developer in India.
KPCB leads Series B round for China’s Moment Systems
Kleiner Perkins Caufield & Byers (KPCB) has led a $20 million Series B round of financing for Chinese third-party digital marketing measurement company Moment Systems. China Broadband Capital, Redpoint Ventures and WPP Digital also participated.