Venture
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China car services platform Ebaoyang raises $23m
Ebaoyang, a Chinese on-demand car maintenance services provider, has received an initial RMB150 million ($23 million) for its Series C round from One Capital and existing investor Source Code Capital. The round has yet to close.
China’s KingYee, Quyiyuan raise combined $47m
Chinese mobile healthcare services provider Shanghai KingYee and its independent unit Quyiyuan - which operates a medical services booking app - have raised a combined RMB313 million ($47 million) in their latest rounds of funding.
Singapore's MC Payments gets $4.4m Series B
Singapore private equity firm ESW Manage has led a S$6 million ($4.4 million) Series B round of funding for domestic financial technology company MC Payment.
China property financing platform Momfo raises $14m
Gobi Partners and Kaitai Capital have jointly led a RMB95 million ($14 million) Series A round of funding for Momfo, a Chinese property financing platform.
Ford leads $24m round for VC-backed India car rental start-up
Ford Motor Company has led a $24 million Series B round of funding for India-based car rental start-up Zoomcar, alongside existing investors Sequoia Capital, Nokia Growth Partners (NGP) and Empire Angels.
Singapore's Coda Payments gets $2m
Singapore-based digital payments services company Coda Payments has closed a $2 million round of funding with participation from Japan’s IMJ Investment Partners.
Japan's INCJ invests $7m in domestic materials group
Innovation Network Corporation of Japan (INCJ) has committed to invest up to JPY700 million ($7 million) in a fresh round of funding for domestic industrial materials specialist Nakayama Amorphous.
VC-backed app developer Meitu files for Hong Kong IPO
Chinese mobile internet company and photo app provider Meitu has filed for a Hong Kong IPO, offering potential exits to investors including IDG Capital Partners and Qiming Venture Partners.
Indian government, NBFC launch $15m venture fund
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
3D printing: Dimension jump
3D printing technology is expected to grow at an accelerated rate now that its practical applications have come into focus. As a global manufacturing leader, Asia could be at the center of the boom
Tencent leads round for China's VC-backed Keep
Tencent Holdings has led an undisclosed Series C+ round of funding for Chinese fitness app operator Keep.
Australia’s Square Peg in $17m round for UpGuard
Australian VC firm Square Peg Capital has contributed to a $17 million Series B round for UpGuard, a Sydney-founded cybersecurity start-up now headquartered in the US.
India's WestBridge leads round for healthcare big data start-up
WestBridge Capital Partners has led a $15.6 million Series A round of funding for Innovaccer, a healthcare-focused IT outsourcing start-up with bases in Palo Alto and New Delhi.
China Huace invests $64m in VC-backed Xiao Hong Chun
China Huace Film & TV has acquired a 35% stake in Xiao Hong Chun, a Chinese VC-backed video e-commerce platform, for $63.85 million.
Malaysia-based FirstFloor invests in Skeleton Technologies
Malaysian VC firm FirstFloor Capital has led a EUR13 million ($14.5 million) Series C round for Estonian energy storage system developer Skeleton Technologies to support its growth plans in Southeast Asia.
China online gaming firm Wangyu Master raises $23m
Wangyu Master, a Chinese online gaming services platform, has raised RMB150 million ($23 million) in a Series A round of funding from a group of domestic investors.
BCCL, GVFL lead $7m round for India's Travelyaari
Gujarat Venture Finance (GVFL) and Bennet, Coleman & Co. (BCCL), owners of the Times of India, have led a $7 million Series B round for Indian online bus booking platform Travelyaari.
Japan analytics player Abeja raises $2m
Japanese corporate analytics platform Abeja has raised JPY200 million ($2 million) in Series B funding from PNB Inspire Partners, a domestic investor aimed at helping companies expand into Southeast Asia and Islamic countries.
Telkom Indonesia, Telstra launch VC partnership
State-controlled Telkom Indonesia has partnered with Australia’s Telstra Ventures to pursue venture capital investment opportunities in Southeast Asia.
China’s Yunfeng leads $100m round for English tuition site
Yunfeng Capital has led a $100 million Series C round of funding for VIPKID, an English-language learning platform that connects North American teachers with students in China. Existing investor Sequoia Capital also took part.
Shenzhen Fortune commits $15m to insurance platform
Shenzhen Fortune Venture Capital has committed RMB100 million ($15 million) in an extended Series B round of funding for Huize.com, a Chinese third-party insurance services platform.
Ex-SBCVC partner Joe Chang joins Eight Roads China team
Eight Roads Ventures has appointed former SBCVC investment partner Joe Chang as a partner on its China team.
New Zealand's Powerhouse Ventures files for $15m IPO
New Zealand-based start-up incubator and investor Powerhouse Ventures has filed to raise as much as A$20 million ($15.2 million) through an Australian IPO.
Sequoia leads $12m round for India's Healthkart
Sequoia Capital India has led an INR800 million ($12 million) Series E round of funding for Indian online health products vendor Healthkart.