Shanghai-based Tiantian Company, which operates the B2C e-commerce cake company Le Cake, has secured US$10 million in Series A financing from Chinese early-stage and venture capital investors GSR Ventures and HGI Capital. The proceeds will be used to build the company’s brand and optimize its website and hardware system. Read More
Indian venture capital funds IDG Ventures India and Accel Partners have invested US$5 million in Series A funding for local medical technology and solutions company Forus Health. The company plans to use the financing to drive manufacturing and sales of its flagship product 3nethra (a portable, low-cost, non-invasive pre-screening… Read More
The Newsweek/DailyBeast Company LLC and TStone Corp, a Seoul-based private equity firm that focuses on media, education and financial services companies, are entering into a joint venture in Asia. The JV will create a pan-Asian media group with a focus on expanding the current Asian edition of Newsweek magazine… Read More
Online language tutoring company TutorGroup (the parent company of VIPABC.com and TutorABC.com) has raised US$15 million in growth financing from Chinese venture capital firm Qiming Venture Partners. The investment will be used to fund the expansion and delivery capacity of TutorGroup services throughout China. Read More
India-focused private equity firm ChrysCapital has reportedly invested INR3 billion (approximately US$56.2 million) in pharmaceutical company Intas Pharmaceuticals, increasing its existing stake of 11.2 percent to over 15 percent. With the recent investment in place, Intas has deferred its plans to file an initial public offering and intends to… Read More
TalentSprint, an India-based skills development and training company, has raised INR200 million (roughly US$3.7 million) in Series A equity funding from Indian venture capital firm Nexus Venture Partners. TalentSprint offers employability programs to young professionals using experiential learning and iPEARL, its proprietary technology platform. With learning facilities in Hyderabad… Read More
CDB Capital, the fund management arm of China Development Bank, has reportedly raised RMB9 billion (approximately US$1.4 billion) for a private equity fund of funds. The CDB Guochuang Kaiyuan Private Equity Fund of Funds is targeting RMB10 billion in total commitments. The fund is part of the Guochuang Fund… Read More
Private equity and venture capital firms SAIF Partners and Accel Partners have jointly invested in PropTiger Realty Private Limited, which runs PropTiger.com, an Indian technology-enabled real estate marketing services platform. The deal is valued at INR250 million (approximately US$5 million). The company plans to use the new funding to… Read More
TVS Logistics Services, an Indian provider of logistics solutions across multiple verticals including automotive, distribution, electronics and discrete component manufacturing, has reached an agreement with an affiliate of Kohlberg Kravis Roberts & Co. and Goldman Sachs. The deal is valued at approximately US$53 million, of which KKR will invest… Read More
Global private equity firm General Atlantic has completed its third partial exit from Chinese automobile dealership group Zhongsheng Group, reducing the firm’s stake in the company to an approximate 5 percent. The value of the transaction is estimated at US$129 million. General Atlantic reportedly sold 65 million shares of… Read More
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