News
Singapore payment platform Fastacash raises Series B round
Asia-focused investment firm Rising Dragon Singapore has led a $15 million Series B round of funding for Fastacash, a Singapore-based social payments platform.
FountainVest leads $32m round for China healthcare app
FountainVest Partners has led a RMB200 million ($32 million) round of funding for Xingren.com, a Chinese mobile app for doctors to communicate with patients. Existing investors Sequoia Capital and Lightspeed China Partners also participated.
India call center software provider raises $5m Series A round
Indian call center software developer Ameyo has raised $5 million in Series A funding from PE firm Forum Synergies.
Goldman Sachs commits $10m to India's Azure
Goldman Sachs has invested INR650 million ($10 million) in Indian restaurant chain operator Azure Hospitality.
China's mobile advertising platform Mobvista raises $32m
Mobvista, a Chinese mobile content distribution platform, has raised RMB200 million ($32 million) in a Series B round of funding led by two industry funds managed by Haitong Kaiyuan Investment, the private equity arm of Haitong Securities.
KIC invests $100m in US pet supplies firm
South Korea's sovereign wealth fund KIC has invested $100 million in US-based pet supplies and services retail chain PetSmart as part of a takeover led by US private equity firm BC Partners.
Sovereign's Capital leads Series A for Indonesia's BerryKitchen
Indonesian online catering start-up BerryKitchen has raised a $1.25 million Series A round led by Sovereign's Capital, with participation by existing investor East Ventures.
LVMH acquires Singapore VC-backed beauty e-commerce start-up
Luxury goods conglomerate LVMH has acquired Luxola, a VC-backed beauty e-commerce start-up based in Singapore, for an undisclosed sum.
VC-backed PropertyGuru acquires eProperty Track
Singapore-based online real estate portal PropertyGuru, which recently raised funds from TPG Capital, Emtek Group and Square Peg Capital, has bought sales and marketing platform ePropertyTrack.
Taiwan's Foxconn plans VC fund for Indian start-ups
Taiwanese electronics manufacturer Foxconn Technologies plans to set up an India dedicated venture capital fund and an incubator to support local start-ups.
Shunwei raises $1b for third China VC fund
Shunwei Captial Partners, a Chinese VC firm set up by Lei Jun, the founder of mobile phone brand Xiaomi, has closed its third US dollar-denominated VC fund at $1 billion.
Accel, Dragoneer, IvyCap lead $16m round for online jeweler BlueStone
Indian online jewelry retailer BlueStone has raised INR100 million ($16 million) from a group of investors led by Accel Partners, IvyCap Ventures and Dragoneer Investments.
Tiger Global invests $20m in Indian news app News in Shorts
Tiger Global has committed $20 million in Series B funding to Indian news curating and redistribution platform News in Shorts.
Indian doctor search app Lybrate secures $10m
Tiger Global has led a $10.2 million Series B round investment in Indian doctor search app Lybrate.
Japan's Genesis Healthcare raises $5.1m from Founders Fund, Mitsui
US early stage investor Founders Fund and Japanese conglomerate Mitsui & Co have together invested JPY620 million ($5.1 million) in Genesis Healthcare, a Tokyo-based start-up that develops genetic testing kits, in exchange for a 6% stake.
China GPs not worried by public markets volatility - AVCJ Forum
China-focused GPs played down the recent slide in the domestic stock markets, urging investors to concentrate on the long-term opportunities presented by continued growth and economic reforms.
Lei Jun, CEO offer to take China's YY private
YY, a VC-backed social networking platform in China, has received a take-private offer from its chairman Lei Jun and CEO David Li.
Sequoia exits Chinese luxury goods retailer Sparkle Roll
Sequoia Capital has sold its remaining stake in Sparkle Roll Group, a Hong Kong-listed Chinese retailer which sells branded luxury products such as cars, jewelry and wine, raising HK$120 million ($15 million).
Cathay Capital invests in European pharma firm Cenexi
Cathay Capital Private Equity has invested an undisclosed sum in Cenexi Group, a French pharmaceutical contract manufacturer.
Australia's PE-backed Nintex acquires US-based Drawloop
Nintex Group, an Australian software provider backed by TA Associates, has agreed to acquire Drawloop Technologies, a US-based software platform that offers automated document services.
Sequoia, others commit $11m to India's Zoomcar
Indian car rental company Zoomcar has raised $11 million in funding from existing investors Sequoia Capital and Empire Angels, with participation from newcomer Nokia Growth Partners.
Helion leads $30m round for big data start-up Axtria
Helion Venture Partners has led a $30 million investment in US-based big data analytics firm Axtria. Silicon Valley venture capitalist Gururaj Deshpande also participated in the round alongside existing angel investors Amar Sawhney, Rick Braddock and...
KKR raises $3.1b for second global infrastructure fund
KKR has announced the final close of its KKR Global Infrastructure Investors II fund at $3.1 billion. The fund will invest in infrastructure opportunities, with an emphasis on OECD member countries.
Hosen targets $400m for China food and agri fund
China-focused food and agriculture specialist Hosen Capital is looking to raise $400 million for its second US dollar-denominated fund.