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US digital payment firm raises $28m for Asia expansion
US-based online payment system developer Ripple Labs is looking to expand in Asia on the back of a $28 million Series A round provided by investors including IDG Capital Partners and AME Cloud Ventures.
Sequoia leads $16m Series B round for India's Akosha
Indian customer feedback platform Akosha has raised $16 million in a Series B round led by existing investor Sequoia Capital.
Australia's PE Gateway Group backs messaging service
Australia-based Private Equity Gateway Group (PEGG) has invested in U&Me Communication, a subsidiary of Malaysia’s OM Technology that has developed a mobile messaging platform.
GGV closes $457m China top-up fund
GGV Capital has raised a $457 million top-up fund for follow-on investments in existing portfolio companies.
Tiantu leads $29m round for online grocery platform FreshMart
China consumer-focused GP Tiantu Capital has led a RMB180 million ($29 million) funding round for Chinese online grocery service FreshMarket.
Future Consumer to exit salon chain, acquire MNS Foods
Indian venture capital firm Future Consumer Enterprise (FCEL) will exit its salon subsidiary Star & Sitara, and to acquire a controlling stake in confectioner MNS Foods.
China Renaissance unit Huaxing Capital targets $150m fundraise
Huaxing Capital, the principal investment division of boutique investment bank China Renaissance, has launched its latest fund with a target of $150 million.
Trustbridge, Foxconn, JD.com back Chinese tablet maker
Trustbridge Partners has led a RMB100 million ($16 million) Series A round of funding for Jide Technology, a Chinese manufacturer of tablets running the Android operating system (OS).
Japan Industrial Solutions backs beleaguered Sharp
Turnaround specialist Japan Industrial Solutions (JIS) has invested JPY25 billion ($208 million) in ailing electronics group Sharp as part of JPY225 billion bailout.
Ex-Macquarie Asia PE head Hugh Dyus joins Navis
Navis Capital Partners has appointed Hugh Dyus, who until last year was head of Asia private equity at Macquarie Funds Management, as a partner based in Hong Kong.
Macquarie consortium to buy Australia telecom tower business
A consortium led by Macquarie Infrastructure & Real Assets (MIRA) has agreed to buy Crown Castle International’s Australia telecom towers business for A$2 billion ($1.6 billion) in cash.
Venture to benefit from Australia investor visa reforms
The Australian government has finalized changes to its significant investor visa (SIV) program, which will see more capital funneled into domestic venture capital.
PAG targets $3b for second Asia fund
PAG Asia Capital has launched its second pan-regional fund and is looking to raise $3 billion. The GP, which is led by Weijian Shan, formerly of TPG Capital, closed its maiden fund at $2.5 billion in 2012.
ICG invests in Korean tutoring business
Intermediate Capital Group (ICG) has invested an undisclosed sum in Time Education, a privately-owned education company in Korea that provides tutoring services from kindergarten through high school.
SIDBI, Maharashtra government form $31m start-up fund
The government of the Indian state of Maharashtra has paired with the Small Industries Development Bank of India (SIDBI) to set up a INR2 billion ($31.1 million) venture fund for micro, small and medium enterprises (MSMEs).
Korea’s Posco, Green Cross lead round for US-based Juventas
South Korea-based Posco Capital and biopharmaceutical player Green Cross have led a $7.5 million round for Juventas Therapeutics, a clinical-stage biotech development company based in the US.
Primavera leads $50m round for China online advertising platform
Primavera Capital has led a $50 million Series D round of funding for Miaozhen Systems, a Chinese third-party big data company that specializes in advertising services.
Thailand’s aCommerce raises $5m from existing backers
Existing investors including Ardent Capital, Indonesian conglomerate Sinarmas and Inspire Ventures have committed $5 million to aCommerce, a Thailand-based e-commerce services provider.
Australia's Tank Stream raises $15.8m to back start-ups
Australia's Tank Stream Ventures has raised a A$20 million ($15.8 million) fund to invest in local tech start-ups.
SIMI's Arora appointed COO of SoftBank Group
SoftBank Corp. has named Nikesh Arora - CEO of SoftBank investment unit SoftBank Internet & Media Inc.(SIMI) - as the Japanese telecom and internet conglomerate's new president and COO.
Babson closes Asia mezzanine fund at $177m
Babson Capital Management has reached a final close of $177.2 million on its latest Asia-focused mezzanine fund.
Lightspeed to raise dedicated India venture fund
US-based Lightspeed Venture Partners is looking to raise $115 million for its first India-focused fund.
Crescent leads $50m round for China parenting site
Crescent HydePark - a unit of Crescent Group - has led a $50 million Series B round of funding for Guo.com, a Chinese online retail platform for maternity and baby products.
VC-backed 58.com acquires ChinaHR.com
Chinese online marketplace 58.com has acquired local recruitment site ChinaHR.com from its parent company Sangroup, an Irish recruitment firm.