United Mobile Apps Pvt. Ltd. is pleased to announce that it completed its Series A round of funding, of one million USD led by Mumbai Angels.
Asia/Pacific
Forus Health Raises $5 Million From Accel Partners & IDG Ventures India (April '12)
Forus Health Pvt. Ltd. has successfully raised Series A funding of $5 million from two leading venture capital funds, Accel Partners and IDG Ventures India.
Russia, China to announce progress on fund during Li visit
Russia and China will announce progress on a joint investment fund during a visit by the man expected to be China's next premier.
India's IDFC to raise $1bln-$1.5bln for infra fund-sources
India's Infrastructure Development and Finance Co is in the early stages of raising $1 billion-$1.5 billion for a new fund to invest in infrastructure in the country.
BlackRock, China's CIC to launch investment fund: FT
BlackRock Inc and China Investment Corp will jointly launch an investment fund likely to be worth several billion U.S. dollars, the Financial Times said.
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The Newsweek/DailyBeast Company LLC and TStone Corp. are entering into a joint venture in Asia. The Newsweek/DailyBeast Company LLC and TStone Corp. , a leading Asian private equity firm which focuses on media, education and financial services are entering into a joint venture in Asia.
assets under management (AUM) in Asia ex-Japan & Australia, are expected to nearly double to US$4 trillion by 2015.
Perry Ellis International, Inc. today announced that it has entered into a joint venture agreement with China Outfitters Holdings Limited.
Thorough changes are taking place in China’s PE industry following an explosive growth in 2011, as evidenced in the slowing pace of capital deployments by PE funds amid weakening secondary markets and fewer IPOs in the first two months of 2012.
Japanese private equity firm Advantage Partners told an investors' meeting on Wednesday that it has no immediate plans to launch a new fund despite the imminent end-June expiry of the investment period for its existing 220 billion yen ($2.7 billion) fund, three people who attended the meeting said.
* In talks with institutional investors for pre-IPO placement* To invest in technology and back-end infrastructure* CEO says open to listing but can't give any timeframe
Mitsui & Co. Global Investment Ltd. established MGI Group India Private Limited in a joint capital investment with Mitsui & Co., Ltd.
Indian drugmaker Intas Pharmaceuticals said it was raising 3 billion rupees ($57 million) from private equity firm ChrysCapital ahead of its initial public offering.
Global private equity firm HarbourVest Partners said on Tuesday it has hired ex-J.P. Morgan banker Sally Shan as a managing director to head its new office in Beijing.
