News
Lightspeed reaches $135m final close on India fund
US-based Lightspeed Venture Partners has reached a final close on its first India-focused fund at the hard-cap of $135 million.
China's Banyan Capital closes second RMB fund at $89m
Chinese venture capital firm Banyan Capital has raised RMB560 million ($89 million) for its second renminbi-denominated fund.
GIC supports Carlyle's $8b Veritas acquisition
Singapore's GIC Private has joined The Carlyle Group in its $8 billion acquisition of Silicon Valley-based Veritas, the information management unit of US tech giant Symantec.
ChrysCapital invests $63m in US IT consulting firm Infogain
ChrysCapital has invested $63 million in Infogain, an Silicon Valley-based IT consulting firm, in exchange for a majority stake in the business.
CDH to raise $600m China mid-market fund
CDH Investments is looking to raise $600 million for a China mid-market fund, with half of the corpus in US dollars and the other half in renminbi.
Blume, Tiger Global invest $30m in warehouse robotics start-up
Tiger Global Management and Blume Ventures have led a $30 million Series B round of funding for Indian warehouse robotics developer GreyOrange Robotics.
Chinese second-hand car trading site Mychebao raises $50m
JD Capital and Addor Capital have led a RMB300 million ($50 million) Series B round of funding for Mychebao.com, a Chinese online trading platform for second-hand cars.
Alibaba acquires 20% stake in Hony-backed Suning
Alibaba Group has agreed to invest RMB28.3 billion ($4.63 billion) in Suning Commerce, a leading Chinese consumer electronics retail chain backed by Hony Capital, in exchange for a 19.99% stake.
Malaysia's Axiata Group buys VC-backed Komli's SE Asia unit
Malaysian telecommunications giant Axiata Group has acquired the Southeast Asian business of Komli Media, the Mumbai-based digital media firm backed by a slew of venture capital investors, for $11.25 million.
IDG, Carlyle invest $1b in China's SouFun Holdings
IDG Capital Partners and the Carlyle Group are investing $1 billion in Beijing-based online real estate portal SouFun Holdings alongside the company's management.
Chinese investors acquire Japan's SNK Playmore for $63.5m
Shenzhen-listed gaming firm Wuhu Shunrong Sanqi Interactive Entertainment and brokerage Orient Securities have acquired Japanese video game publisher SNK Playmore for $63.5 million.
China's CASH Capital targets $193m for Fund II
CASH Capital, the venture capital arm of the state-owned Chinese Academy of Sciences Holdings (CASH Holdings), is seeking to raise RMB1.2 billion ($193 million) for its second renminbi-denominated venture fund.
India payments firm raises $23m from Helion, Social+Capital
Helion Advisors and Social+Capital have participated in a $23 million Series C round for mobile payment solutions provider Ezetap.
INCJ, AXA invest $5m in Japan's Smartdrive
The state-backed Innovation Network Corporation of Japan has joined Axa Direct Japan - the Japanese unit of the French insurer AXA - to invest JPY660 million ($5.3 million) in Smart Drive, a Tokyo-based start-up providing automobile data analytics.
Japan sportswear firm buys PE-backed UK brand
Japanese sportswear company Descente has bought an 80% stake in UK sports brand Inov-8, providing an exit for the firm's private equity backer Livingbridge. The financial details were not disclosed.
Nanjing Xinjiekou to buy KKR-backed China Cord Blood
Shanghai-listed Nanjing Xinjiekou Department Store has made a bid to acquire China Cord Blood Corporation (CCBC), a US-listed blood bank operator backed by KKR, for about RMB6 billion ($966 million).
Carlyle, Huo's Group buy Shell stake in Chinese lubricant firm
The Carlyle Group, together with Chinese conglomerate Huo's Group, has bought Shell Oil's 75% stake in Tongyi Lubricants. The financial details were not disclosed.
EQT exits Singapore's Classic Fine Foods to German retail group
EQT Partners has exited Singapore-based food service company Classic Fine Foods (CFF) to the listed German retailing company Metro Group in a deal valuing the company at $290 million.
Tencent leads $90m round for India's Practo
Tencent has led a $90 million Series C round for Indian clinic management developer and doctor search portal Practo, with participation from Sofina, Google Capital, and others.
Shenzhen Cowin leads $16m round for private chef app
Shenzhen Cowin Capital has led a RMB100 million ($16 million) Series B round for Hao Chushi, a Chinese mobile app for booking private chef services, with participation from Lightspeed China Partners.
Japan's Dentsu backs US social robot start-up Jibo
Dentsu Ventures, the corporate VC arm of the eponymous Japanese advertising giant, has invested $3 million in US social robot start-up Jibo.
Ex-IDG partners seek $160m for debut China TMT fund
Feng Li and Ben Lin, formerly partners at IDG Capital Partners, are looking to raise RMB1 billion ($160 million) for their debut China venture fund.
MIRA invests $122m in India's Ind-Barath Energy
Macquarie Infrastructure & Real Assets (MIRA) has invested INR7.8 billion ($122 million) in India power producer Ind Barath Power Infra (IBPIL), providing an exit for 3i and PTC Financial Services.
Helion invests $3m in India mobile services player Doormint
Helion Venture Partners has committed $3 million in a Series A round of investment to Blackcotton Solutions, the start-up behind Indian mobile home services platform Doormint. Kalaari Capital also took part in the round.