India Editor. I head the editorial team for coverage of venture capital and private equity deals in the world's third-largest startup ecosystem.
UOB Venture Management, the investment arm of Singapore’s United Overseas Bank Group, has led a $30 million Series C funding round in HunterOn, a China-based online recruitment startup. IDG Capital Partners, an existing investor, also participated in the round. HunterOn, founded in 2012, brings recruiters and headhunters together on its… Read more »
The first close of the TMT-focussed, early-stage ‘New Industry Investment Fund’ will be at RMB2 billion.
Plix allows people to share entire albums with friends with the added feature of auto-suggesting names of people in the pic based on face recognition software. It also lets users know which of their friends have pictures or videos which were never shared, with a link to request the same.
The privatization group included Yan Tang, the company’s co-founder, chairman and chief executive officer and Alibaba Investment, a subsidiary of internet giant Alibaba Group. They were joined by Matrix Partners China II Hong Kong, Sequoia Capital China Investment Management, Rich Moon and Huatai Ruilian.
Quadrant is also about to take full ownership of furniture retailer Super Amart this week. It had made an offer for the 25 per cent shareholding that is currently held by Ironbridge Funds, and talks have been going on since last month.
Hosen III will focus on agriculture and food industry, as well as adjacent consumer sectors. It will look to fund companies that support Chinese consumption.
The fund will invest about 75 per cent of its capital in healthcare services, at a time when the Chinese government is trying to improve the reach of healthcare to more remote parts of China.
UpGuard, which runs enterprise cybersecurity company CSTAR, has raised $17 million in Series B funding from Pelion Venture Partners and existing investor Square Peg Capital. Existing investors also participated, along with a strategic investment from Australia’s largest general insurer IAG. Just as credit scores aggregate financial risk factors into one easy-to-understand number,… Read more »
Shenma Jinrong, a provider of small consumer loans to farmers, has raised $15 million in a Series B round led by Shunwei Capital and Northern Light Venture Capital. China Growth Capital and FreesFund also participated in the round. Farmers generally use loans from Shenma Jinrong to buy two-wheeler vehicles like bicycles… Read more »
Deals with corporate VC participation to Indian startups reached an all-time high in Q2 ’16. California-based Qualcomm Ventures was the most active investor.