Newspaper reports are estimating the latest series B round to be in the region of at least Y100m ($1m).
Author: Katherine Steiner-Dicks
Fuji books first deal with Smarteducation
The target company is Smarteducation, a Japan start-up that develops bi-lingual mobile apps for childhood education including apps such as Oyako de Sumahon in Japanese and Kids’n Books in English.
SAP dials in landmark India IPO
SAP Ventures, the corporate venturing unit of global software group SAP, will soon realize its investment in Mumbai-based Just Dial, an India-based local business listings site, when the company opens its initial public offering on May 20 to raise between Rs 822 crore ($150m) and Rs 950 crore ($170m). Depending on the final price band… Continue reading SAP dials in landmark India IPO
Alibaba steers $294m into AutoNavi
News of the proposed acquisition have boosted shares in Nasdaq-listed AutoNavi by more than 30% since the start of May and stand at about $14.77 per share.
Kakao leaves bright message with $27m fund
Kakao, a South Korea mobile technology company that owns mobile messaging service Kakao Talk and social network Kakao Story, will start to invest in start-ups in its domestic market with a government-supported $27m investment fund.
LG Life Sciences hires for $356m fund
LG Life Sciences hires managers for fund, which will see it and the National Pension Service of Korea invest KRW 200bn ($180m) each in the fund.
Wesfarmers to diversify through venture unit
Wesfarmers, the Western Australian farmers’ cooperative cum conglomerate, is looking to diversify even further its sector footprint with the formation of a venture unit.
CyberAgent widens net with $16m China fund
Japan-based CyberAgent Ventures is spreading its wings by earmarking a new $16m Chinese-focused mobile internet start-up fund.
Naspers, Tencent bundle India e-trader sites
South Africa media group, Naspers, and its shares in ‘money spinner’ China online gaming company Tencent Holdings, are paying off as are the two companies’ investment synergies. The two corporate investors have merged two investments, BuyThePrice.com and Tradus.com, to create a dominate player in the India buyer-seller e-commerce sector.
PresenceLearning apple of Allen & Co eye
Allen & Co helps PresenceLearning raise $8m.
Juniper-backed Cyan raises $88m
Juniper Networks-backed software support company Cyan floats in New York valuing the company at about $490m.
IDG, Redpoint secure Bangcle deal
IDG Ventures is joining other corporate venturing units with an investment remit in Asia to secure high-growth investment opportunities in the mobile and internet application software sector. However, IDG’s latest re-investment in China-based mobile app security service provider, Bangcle, is onto something bigger: safeguarding application developers and their customers.
Tata’s $600m fund beckons LP co-investments
Tata Capital, the private equity investment unit of India conglomerate Tata, is opening its recently closed $600m fund to LP co-investments.
Summit to motor Segway’s future
Summit Strategic Investments, a $120m private equity fund controlled by China-based automotive parts manufacturer Wanxiang Group, has acquired Segway, a Bedford, New Hampshire-based provider of personal electric transportation, for an undisclosed sum. The company’s network currently includes more than 250 distributors, dealers and experience centers in 80 countries. The deal marks the company’s second take-over… Continue reading Summit to motor Segway’s future