News
Goldman Sachs invests $150m in India's Piramal Realty
Goldman Sachs has invested $150 million in the Piramal Group's real estate development arm, Piramal Realty, less than a month after Warburg Pincus committed INR18 billion ($284 million) to the company.
Religare reaches final close of $78m on first debt fund
Religare Credit Advisors has announced a final close of the domestic vehicle of its first debt fund, Religare Credit Opportunities Fund, at INR5.1 billion ($78 million).
Kalaari leads funding round for YourStory
Indian tech business news website YourStory has raised a Series A round led by Kalaari Capital, with participation from Qualcomm Ventures, Ratan Tata and T.V. Mohandas Pai.
Warburg's Chang Sun targets $1b China agribusiness fund
Black Soil Capital Partners, a private equity firm newly formed by Chang Sun, formerly Asia managing director at Warburg Pincus, is looking to raise $1 billion for its debut China agriculture-focused fund.
China cancer diagnostics firm Burning Rock raises $23m
Burning Rock Biotech, a Chinese cancer diagnostic start-up, has raised RMB150 million ($23 million) in an extended Series A round of funding from Ji Feng Capital, Sequoia Capital and Legend Star.
India's VC-backed Mobikon buys Singapore's Trii.be
Indian customer engagement and marketing platform Mobikon, which is backed by Jungle Ventures, has bought Singapore's feedback management start-up Trii.be.
Global Environment Fund commits $11m to India's Concord
Global Environment Fund (GEF), the US-based cleantech-focused private equity firm, has invested $11 million in Indian wastewater treatment firm Concord Enviro Systems.
Carlyle invests in India's DEE Piping Systems
The Carlyle Group has made an investment of an undisclosed amount in Indian pipe manufacturing firm DEE Piping Systems.
Alibaba, Tencent in $313m round for CMC's smart TV start-up
Whaley Technology, a smart TV maker founded by Chinese media mogul Ruigang Li, has raised RMB2 billion ($313 million) in funding from Li’s media-focused fund CMC Capital Partners, Alibaba Group and Tencent Holdings.
Guangdong Alpha buys VC-backed China comics site U17
Guangdong Alpha Animation and Culture, a Chinese animation and entertainment firm, has agreed to acquire online comics platform U17.com for RMB904 million ($141 million), paving an exit for several VC backers including Northern Light Venture Capital (NLVC)....
Samurai Incubate launches Israel accelerator
Tokyo-headquartered start-up accelerator Samurai Incubate is recruiting Japanese companies to participate in its three-month Israel accelerator program.
Japan bitcoin exchange raises $4m
Tokyo-based bitcoin exchange platform bitFlyer has raised a JPY510 million ($4 million) round of funding from a group of Japanese investors.
LeapFrog takes part in $25m round for India's IFMR Holdings
LeapFrog Investments and Lok Capital have taken part in a $25 million funding round, led by global microfinance-oriented nonprofit Accion, for Indian non-banking finance company (NBFC) IFMR Holdings.
India's AgroStar raises $3.6m from IDG Ventures, Aavishkaar
IDG Ventures has led a $3.6 million funding round for Indian agriculture-focused mobile commerce firm AgroStar, with participation by existing investor Aavishkaar Venture Management Services.
Carlyle to exit Taiwan's Ta Chong Bank to Yuanta Financial
Taiwan's Yuanta Financial Holdings is to acquire Ta Chong Bank, a local mid-size commercial bank backed by The Carlyle Group, in a deal worth NT$56.55 billion ($1.7 billion).
Bessemer leads $50m round for Indian online grocer
Indian online grocer BigBasket has raised a $50 million funding round led by existing investor Bessemer Venture Partners.
Indian payments security start-up raises $7.5m Series B round
Indian online payment security system developer OneAssist has raised a $7.5 million Series B round led by US insurance firm Assurant, with participation by existing investors Sequoia Capital and Lightspeed Venture Partners.
CITIC Goldstone leads $31m round in China's Zhubaijia
Zhubaijia, a Chinese short-term vacation rentals platform, has raised RMB200 million ($31 million) in a Series B round of funding led by CITIC Securities’ direct investment arm Goldstone Investment.
CVC appoints Steve Lim as South Korea chairman
CVC Capital Partners has hired Steve Lim, former CEO and managing director of JP Morgan in South Korea, as its chairman in the country.
Quvat's Tom Lembong made Indonesia trade minister
Tom Lembong, former CEO and managing partner of Quvat Capital, has been made Indonesia's trade minister as part of a broader cabinet reshuffle by President Joko Widodo.
China's cancer drug developer Ascentage secures $15m
Ascentage Pharma Group, a Shanghai-based cancer drug developer, has raised a RMB95 million ($15 million) Series A round of funding led by Oriza Seed and YuanMing Capital.
CITIC, Crestview to sell Stackpole for $659m
CITIC Capital Partners and Crestview Partners have agreed to sell Canada-based auto parts maker Stackpole to Johnson Electric Holdings for C$867 million ($659 million).
Zodius leads $20m round for India's Allygrow
Zodius Technology Fund has led a $20 million funding round for Indian engineering services start-up Allygrow Technologies.
Ant Financial leads $200m round for China's Qufenqi
Ant Financial Service Group, Alibaba Group's online financial services affiliate, has led a $200 million round of funding for Qufenqi, a Chinese electronics retailer that allows buyers to pay in installments.