Venture
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.
Singapore's Carousell gets $35m Series B round
Rakuten Ventures, a corporate VC arm of Japanese e-commerce giant Rakuten, has led a $35 million Series B round of funding for Singaporean online flea market shopping app operator Carousell.
MPM Capital forms VC fund with Japan's Astellas Pharma
MPM Capital, a US venture firm focused on early-stage life science companies, has launched a new investment vehicle in partnership with Japanese pharmaceutical company Astellas Pharma.
Siam Commercial Bank unveils fintech strategy
Thailand's Siam Commercial Bank (SCB) has formally announced a financial technology investment strategy aimed at improving customer experience while encouraging domestic start-ups to keep up with changes in the global market.
IFC to invest $15m in India-based Byju's
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $15 million investment in Indian education start-up Byju’s.
Hong Kong's Quantifeed gets $4.5m Series A round
China’s PGA Venture Partners has led a $4.5 million Series A round of funding for Hong Kong-based financial services software provider Quantifeed.
Vickers Venture Partners raises $63m
Singapore’s Vickers Venture Partners has reached an S$86 million ($63.3 million) first close for its fifth fund, which is targeting early and expansion stage Asian companies.
500 Startups raises $8.3m for enlarged Thai fund
US-based 500 Startups has received $8.3 million in LP commitments for its Thailand-focused early-stage fund 500 TukTuks after expanding its targeted scope on the back of increased investor interest.