News
VCs pump another $13m into PubMatic
Nokia Growth Partners (NGP) has led a $13 million round of funding for PubMatic, an advertising platform based in India and US. Existing investors August Capital, Draper Fisher Jurvetson, Helion Ventures and Nexus Venture Partners also took part in the...
Infinity-backed WLCSP raises $118m in Shanghai IPO
China Wafer Level Chip Scale Package (WLCSP) - a chip-maker backed by Israel's Infinity Group and China-Singapore Suzhou Industrial Park Ventures (CSVC) - has raised RMB715 million ($118 million) after listing on the Shanghai Stock Exchange.
WestBridge raises further $325m for India fund
WestBridge Capital has raised an additional $325 million from investors for its 2011 vintage WestBridge Crossover Fund, taking the corpus size to $850 million. The vehicle, which targets PIPE deals, is described as an evergreen fund without a specific...
Japan's Mitsui, RDIF invest in Russia-based Cotton Way
Japan's Mitsui & Co has teamed up with the Russian Direct Investment Fund (RDIF) to invest in Cotton Way, a commercial laundry and textile management company based in Moscow. The financial details of the transaction were not disclosed.
PE-backed Thomas Cook India, Sterling Holiday to merge
Thomas Cook India, which was bought by Fairbridge Capital in 2012, has agreed to merge with Sterling Holding Resorts India, another private equity-backed enterprise, in a part-equity, part-cash deal worth INR8.7 billion ($140 million).
Sequoia India leads $18.8m Series B round for Truecaller
Sequoia Capital India has led a $18.8 million Series B round of funding for Truecaller, a Swiss mobile application that helps users identify spam callers. Existing investor Open Ocean, company chairman Stefan Lennhammer, and an undisclosed Silicon Valley-based...
PE-backed Luye, Rundong target HK IPOs – report
Two private equity-backed Chinese companies – Rundong Automobile Group and Luye Pharma Group – are reportedly planning to raise a total of $1.5 billion through Hong Kong listings.
KKR eyes Asia opportunities as valuations fall
KKR sees increasing opportunities in Asia for private equity and special situations as valuations fall amid growing investor uncertainty about the prospects for emerging markets globally.
Japan photo sharing app developer raises $1.5m
CyberAgent Ventures, TBS Innovation Partners, Incubate Fund, and Golden Gate Ventures have together invested JPY150 million ($1.47 million) in Cinnamon, the start-up behind the photo sharing app Seconds.
Cerberus completes Kokusai Kogyo exit - report
Cerberus Capital Management has reportedly completed the sale of its stake in Japanese property operator Kokusai Kogyo for about JPY140 million ($1.37 billion).
Premji Invest leads $50m round for India fashion site Myntra
Bangalore-based fashion portal Myntra Designs has raised $50 million from investors led by Premji Invest, an investment arm owned by Indian tycoon Azim Premji.
China-focused Infinity Group invests in US oil assets
Infinity Group, the Israel-based PE firm created by China Development Bank and local conglomerate IDB Group, has teamed up with oil technology firm Glori Energy to acquire oil-producing assets in Texas from Petro-Hunt for $40 million.
Sony agrees to sell Vaio PC unit to JIP
Sony has confirmed that it plans to sell its loss-making Vaio PC division to Tokyo-based mid-market buyout shop Japan Industrial Partners (JIP). Financial details have not been disclosed but previous estimates valued the deal at around JPY40-50 billion...
VCs commit $14.3m to Japan online printing start-up
A consortium of Japanese venture capital investors including Global Brain, World Innovation Lab (WiL), Itochu Technology Ventures and GMO Ventures have invested JPY1.45 billion ($14.3 million) in Raksul, a Tokyo-based start-up providing online printing...
Globis, Gree invest in Japan crowd-sourced editing platform
Globis Capital Partners and Gree Ventures have together invested JPY300 million ($2.9 million) in Viibar, the Japanese start-up behind the video production-focused crowd sourcing platform of the same name.
KKR provides $100m in structured finance to India’s Avantha
KKR has agreed to provide $100 million in long-term financing to Avantha Group in order to help the Indian conglomerate pay down debt and continue investing in its businesses. The capital will come from KKR India Financial Services, the private equity...
Navis raises $1.3b for seventh Asia fund
Navis Capital Partners will complete fundraising for its seventh Asia vehicle next week with up to $1.3 billion in commitments from LPs. Work will then begin on a shariah-compliant parallel fund, which is expected to close in June, taking the final total...
Fortisure leads Series C for Indian ad tech player
Jivox, an advertising technology company with operations in India and the US, has raised $5.8 million in Series C funding led by existing investor Fortisure Ventures. Shah Capital also participated, as did existing investors Opus Capital and Helion Venture...
BVCF invests in US-based Jaguar Animal Health
China-focused BVCF has committed $2 million in a Series A round of funding for Jaguar Animal Health, a veterinary drugs developer, with another $3 million to come by the end of the month.
Halifax-backed Envision Pharma acquires Australia's ProScribe
Envision Pharma Group, a scientific communication company backed by US-based private equity firm The Halifax Group, has acquired Australian medical writing firm ProSribe in a move to expand its Asian footprint.
CDC supports funding round for Indian e-commerce platform
CDC Group will contribute approximately $27.5 million to the latest round of funding for Jabong, a fashion and apparel-focused Indian e-commerce platform.
Rocket Internet’s Foodpanda secures $20m in funding
Foodpanda, an online meal delivery marketplace incubated by Rocket Internet, has received $20 million in funding from several venture capital firms, including existing investor Phenomen Ventures.
Jungle Ventures backs Singapore's Klinify
Klinify, a Singapore-based electronic medical records management service provider, has received S$770,000 ($604,000) in seed funding round led by Jungle Ventures.
Ex-Standard Chartered director joins BanyanTree Finance
Anshuman Goenka, formerly a director at Standard Chartered Private Equity (SCPE), has joined Mumbai-based private equity firm BanyanTree Finance as managing director.