News
China logistics provider Tian Tian Express raises $92m
Tian Tian Express, a Chinese courier service firm, has raised a RMB600 million ($92 million) Series A round of funding led by domestic private equity vehicle CICC Qianhai Development Fund.
Accel leads $5.8m round for India's Juspay
Accel Partners has led a INR400 million ($5.8 million) Series A round for Indian mobile payments start-up Juspay.
Ex-Khosla partner raises $200m for cross-border tech fund
Andrew Chung, formerly a partner at US-based Khosla Ventures, has launched his own VC firm - 1955 Capital - and reached a first close of $200 million on a cross-border technology fund.
GIC to invest $387m in Indonesian retailer
Singapore’s GIC Private has agreed to invest IDR5.2 trillion ($387.4 million) in Trans Retail, a hypermarket operator controlled by Indonesian conglomerate CT Corp.
Tsinghua Unigroup abandons plan to invest in Western Digital
China’s Tsinghua Unigroup has scrapped its plan to invest in US-based disk drive manufacturer Western Digital after the US regulators decided to investigate the deal.
VCs commit $15m to Indonesia's Orami
MoxyBilna, an Indonesia-based mother and baby-focused e-commerce group, has received a $15 million funding round led by Sinar Mas Digital Ventures (SMDV), and also announced a rebranding as Orami.
IDG targets $200m for third India fund
IDG Ventures has launched its third India-focused fund, with a target of $200 million.
Japan's Mitsui Fudosan launches VC fund with Global Brain
31 Ventures, a venture capital firm sponsored by Japanese property developer Mitsui Fudosan, has launched a JPY5 billion ($44 million) fund with Global Brain Corporation that will invest in start-ups globally.
Warburg Pincus joins $220m Series B round for D&J China
D&J Industrial Property, a Chinese business park developer co-founded by Warburg Pincus, has raised $220 million in a Series B round of funding.
China salvage car auction platform Fairlubo raises $45m
Beijing Fairlubo Vehicle Auction, a Chinese online salvage car auction platform, has raised a $45 million round of funding led by PE-backed used car trading platform Uxin.
Asian pension funds to boost alternatives exposure - survey
Pension funds in Asia Pacific expect to increase their allocations to alternative assets over the next three years as part of efforts to boost returns and cover their liabilities, according to a new survey.
Brookfield, Qube consider joint Asciano bid
A Brookfield Asset Management-led consortium and a group led by Qube Holdings that includes Canada Pension Plan Investment Board (CPPIB) and China Investment Corporation (CIC) are considering a joint A$9 billion ($6.5 billion) bid for Australian rail...
IDFC buys India toll road from Blackstone-backed NCC
IDFC Alternatives will buy a controlling stake in a Bangalore toll road from NCC Infrastructure Holdings - which is backed by The Blackstone Group - and Soma Enterprise at an enterprise value of INR7.5 billion ($109 million).
TCL, Tsinghua Unigroup launch $1.5b China M&A fund
Chinese electronics manufacturer TCL Group has partnered with Tsinghua Unigroup, an investment arm of Tsinghua University, to launch an industry M&A fund with a target of RMB10 billion ($1.53 billion).
China's Impact Therapeutics get $10m Series B round
Existing backer Lilly Asia Ventures has been joined by new investors, including China Summit Capital, in a $10 million Series B round of funding for Impact Therapeutics, a China-based cancer drug developer.
IFC commits $25m to India's VC-backed Lenskart
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $25 million to Indian online eyewear retailer Lenskart.
PE-backed SF Express targets A-share IPO
China's largest express delivery services provider SF Express, which is backed by several PE investors including CITIC Capital, has confirmed that it is targeting an A-share IPO.
IvyCap leads $4.5m round for India's Taskbob
IvyCap Ventures has led a INR280 million ($4.5 million) Series A round for Indian home services start-up Taskbob.
Asia Climate Partners backs India's ColdEX Logistics
Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Orix Corp, and Robeco Institutional Asset Management, has invested in India-based cold chain provider ColdEX Logistics.
Bohai Industrial backs $950m debt deal for Yancoal Australia
Bohai Industrial Investment Fund, a private equity firm controlled by Bank of China, has participated in a $950 million debt funding round for Yancoal Australia, a publicly-traded subsidiary of sate-owned Yanzhou Coal.
Anacacia backs MBO of Australian timber player
Anacacia Capital has supported a management buyout of Big River Group, an Australia-based manufacturer of construction materials. The deal comes as the GP is said to be readying its third fundraise, targeting A$250-300 million ($179-215 million).
Global Brain in $13.1m round for US, Israel-based YouAppi
YouAppi, a mobile advertising analytics start-up based in Israel and the US, has raised a $13.1 million Series B round from a consortium of investors including Global Brain to support its Asia expansion.
Frees Fund, Qihoo 360 lead $100m round for China’s Mobi Magic
Frees Fund, a China-focused VC group that spun out from IDG Capital Partners, and Qihoo 360 Technology have co-led a $100 million round for Mobi Magic, a Beijing-based mobile app developer.
India's VC-backed Tracxn launches start-up exit platform
Tracxn, an India-based start-up data analytics platform backed by SAIF Partners, has launched an online platform to help angel investors find exit opportunities from start-ups.