India-based gaming company Octro has received a US$15 million Series A financing round from venture capital firm Sequoia Capital. Octro, which takes existing games and makes them available on a mobile platform, has a portfolio that includes games such as Rummy and Tambola. Read More
Technology-focused venture capital firm IDG Capital Partners has reached a final close on IDG China Venture Capital Fund IV with US$586 million in capital commitments. The fund, which was oversubscribed, will make investments in the early-stage technology, media and telecom (TMT) sector. Investors included existing limited partners as well… Read More
Papua New Guinea-based mining company Marengo Mining has signed a loan conversion and debenture purchase agreement with existing investor Sentient Group, a global natural resources fund manager. The transaction will be structured through Sentient Global Resources Fund IV. Post-transaction, Sentient’s holding will increase from a 22 percent stake to… Read More
Shoreline Capital Management, a credit investor focused on China, has reached a first close on its latest distressed debt fund, Shoreline China Value III, with US$150 million in capital commitments. The fund has a target of US$500 million, and a final close is anticipated later this year. Shoreline’s predecessor… Read More
Venture capital firm Sequoia Capital has reached a final close on its fourth India-focused fund with US$530 million in capital commitments. The fund will focus on early stage companies, and will deploy capital in India as well as in Southeast Asia. Nearly 98 percent of the capital raised came… Read More
Hong Kong-based provider of app store analytics App Annie has raised a US$17 million financing round from existing investors venture capital firms IDG Capital Partners, Greycroft Partners and Sequoia Capital. The financing will be used in part to fund App Annie’s recent acquisition of United States-based Distimo, a mobile… Read More
China-focused private equity firm Hony Capital has partially exited its investment in China-based generic drugs manufacturer CSPC Pharmaceutical Group. Hony’s affiliate Joyful Horizon sold 600 million shares in CSPC to third parties and 105.9 million shares to an entity owned by the company’s chairman at HKD6.25 (approximately US$0.81) a… Read More
Clearwater Capital Partners, an investment firm focused on credit and special situations in Asia, has partially exited its stake in India-based Diamond Power Infrastructure, selling a 5.5 percent stake for INR271 million (approximately US$4.6 million) on the open market. Clearwater, which holds a 5.7 percent stake in the company… Read More
Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has completed a mezzanine investment in India-based business conglomerate Archean Group. Archean Group, which has interests in salt manufacturing, coal, phosphatic fertilizers and chemicals, intends to use the funding for company expansion. Financial details of the transaction were not disclosed. Read More
Bertelsmann India Investments, the investment arm of international media company Bertelsmann in India, has led an INR950 million (approximately US$16 million) financing round in India-based TrendSutra Platform Services, which runs online home products marketplace Pepperfry.com. Existing investor venture capital firm Norwest Venture Partners (NVP) also participated in the round. Read More
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