News
China online truck logistics platform secures $35m
Huochebang, a China-based online logistics platform that allows truck shipment tracking, has raised a $35 million round of funding led by Genesis Capital.
India's Religare sells stake in Northgate Capital
Religare Enterprises has sold its majority stake in Northgate Capital, a fund-of-funds and direct investment group, to US-based asset manager The Capital Partnership.
Abraaj leads $30m round for SE Asia last-mile delivery start-up
The Abraaj Group has led a $30 million Series B round of funding for Ninja Van, a last-mile logistics provider with operations in Singapore, Malaysia and Indonesia.
Tiger, IDG lead $30m Series C for India's NestAway
Tiger Global and IDG Ventures, along with Russian entrepreneur Yuri Milner, have led a $30 million Series C round for Indian online home rental start-up NestAway.
The Growth Fund set for part-exit in Motorcycle Holdings IPO
Archer Growth – which is now known as The Growth Fund – is on course to make a partial exit from MotorCycle Holdings, with the Australian motorcycle dealership operator targeting a A$46.3 million ($36 million) IPO.
UOB to launch Sino-Singapore fund in Chongqing
UOB Venture Management (UOBVM) will launch a Chongqing-based private equity fund of up to RMB100 billion ($15.4 billion) that will invest in companies addressing the China and Singapore markets.
Australia's CEFC, Palisade target $766m in renewables projects
Palisade Investment Partners and Australia’s Clean Energy Finance Corporation (CEFC) will partner on investments in domestic renewable energy projects valued at A$1 billion ($766 million).
India's Varthana raises $14m Series B
Indian education-focused non-banking finance company (NBFC) Varthana has raised INR930 million ($14 million) in Series B funding, led by new investors Kaizen Private Equity and Zephyr Peacock India.
PE consortium battles Ping An for China's Autohome
Boyu Capital, Hillhouse Capital and Sequoia Capital have submitted a take-private offer for Chinese auto listings and information service Autohome. This follows Telstra agreeing to sell its majority stake in the business to Ping An Insurance Group.
VC-backed Dada Nexus merges with JD’s O2O business
Dada Nexus, a China-based crowdsourcing delivery platform backed by several VC investors, has agreed to merge with JD Daojia, the online-to-offline (O2O) business unit of e-commerce giant JD.com.
T. Rowe Price marks down Flipkart valuation
Mutual fund T. Rowe Price has marked down its valuation of Indian e-commerce giant Flipkart, along with a number of its other technology portfolio companies.
Fosun Kinzon leads $23m round for China’s Huivo
Fosun Kinzon Capital, a VC arm of Fosun Group, has led a RMB150 million ($23 million) extended Series B round of funding for Huivo, a Chinese online education solutions provider for kindergartens.
GIC partners with Indonesia's MMP for logistics JV
Singapore’s GIC Private has entered into a joint venture with Indonesian industrial properties provider Mega Manunggal Property (MMP) to develop an extended warehouse portfolio.
XIO Group to buy JD Power for $1.1b
XIO Group, which targets assets in North America and Europe with a view to unlocking growth potential in emerging markets such as Asia, has agreed to acquire market research business J.D. Power for $1.1 billion.
China online finance site Licaifan completes $51m round
Licaifan, a Chinese online finance platform, has raised a RMB330 million ($51 million) Series C round of funding from domestic investor Yingda Investment.
China discounted e-commerce site Juanpi raises $93m
Juanpi.com, a Chinese online platform selling discounted consumer products, has raised a RMB600 million ($93 million) Series C round of funding co-led by Tiantu Capital and China Merchant Bank International.
IFC commits $41m to Multiples' latest India fund
India-based GP Multiples Alternate Asset Management has received a commitment of up to $40.6 million from the International Finance Corporation (IFC), the investment arm of the World Bank, for its latest fund.
Walden leads $2.6m round for Singapore's TabSquare
Walden International has led a S$3.5 million ($2.6 million) Series A round for TabSquare, a company offering a cloud-based restaurant management platform.
LPs see potential despite shallow Indonesia GP field - AVCJ Forum
Investors are still waiting to see if Indonesian private equity managers can deliver due to the relative youth of the market and the local GPs participating in it, LPs told the AVCJ Indonesia Forum.
Chinese online grocer FreshMarket raises $38m round
Addor Capital has led a RMB249 million ($38 million) Series C round of funding for FreshMarket, an online grocery service based in China.
China’s Ucar raises $569m, files for NEEQ listing
Chinese chauffeured car service provider Ucar has raised RMB3.68 billion ($569 million) from domestic investors including Yunfeng Capital ahead of a proposed listing on the National Equities Exchange and Quotation (NEEQ).
Japan's Gree raises $12m fund for VR start-ups
Japan's Gree has launched a $12 million fund to support virtual reality (VR) start-ups focusing on both gaming and non-gaming software and content.
Alibaba invests $1.25b in food delivery platform Ele.me
Chinese e-commerce giant Alibaba Group and its online finance affiliate Ant Financial Services Group have invested $1.25 billion in Ele.me, a VC-backed online food-ordering platform.
Goldman, Blue Sky buy Australia student accommodation group
Goldman Sachs and Blue Sky Alternative Investments have taken a controlling stake in The Pad, an Australian student accommodation group, as part a $1 billion joint venture.