Startintx Index: APAC Venture Capital
Top Trends of Q1 2015 powered by startintx April 6, 2015 Arnaud Bonzom

Outline 1 startintx Startintx Index:
APAC Venture Capital - Top Trends of Q1 2015 Methodology Part 1 - Deals Volume Startup Funding in Numbers Part 2 - Venture Capital Disclosure Executive summary The Asia Funding & M&A Newsletter

Executive Summary 2 startintx Startintx
Index: APAC Venture Capital - Top Trends of Q1 2015 In this report, we will reveal a variety of trends to help you to have a better overview of the startup funding landscape in Asia-Pacific. During Q1 2015, we captured 436 investments for a total amount of US $9.4 Billion in Asia-Pacific. For Q1 2015, some of the findings include: • E-Commerce & Marketplace captured 53% of the investments in value. • Out of the 11 biggest funds launched, 4 have been set-up by a corporation. • 9 out of the 10 biggest deals have been done in China. • 67% more deals have been done in India than in China. • The 10 most active VCs have closed 29% of the deals. Thank you for reading the Startintx Index: APAC Venture Capital Q1 2015. Arnaud Bonzom arnaud@startintx.com

Methodology 3 startintx Funding Rounds
- “Late” stage rounds include Series D and beyond, except on slide 14 (China versus India), where “Late” stage rounds include Series E and beyond. - All the amount are in USD. Time Period For this report, we collected startup fundings from January 1st to March 31st, 2015. Data Source The presentation relies on data and insights collected by Startintx from a wide range of sources, including public and privates companies, media and government agencies. The presentation is also informed by non-public information and insights. Startintx Index: APAC Venture Capital - Top Trends of Q1 2015

Startup Funding in numbers 4
startintx 436 Startups funded $9,430,169,000 Invested in startups $850M Biggest deal VentureCapitalStartup $910M Biggest new fund 30 Funds closed $4,439,800,000 Capital Raised by Venture Capital Source: startintx Startintx Index: APAC Venture Capital - Top Trends of Q1 2015

Part 1 Deals Volume powered
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9 out of the 10
biggest deals have been done in China. Alibaba has invested in the Indian one. 5 startintx Dianping.com One97 Communications Enlight Media $850M $700MMeituan Meizu $590M $575M $383M Kuaidi Dache $600M Ele.me $350M To8to $200M Youxinpai $200M Imgo.tv $200M Source: startintx Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Deals volume

Capital invested per stage in
Billions of USD startintx Source: startintx Seed Series A Series B Series C Late 0.79 4.03 Others 2.24 1.27 1.07 0.06 Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 5Deals volume

Capital invested per stage in
percentage startintx Source: startintx 1% 11% 8% 13% 43% 24% Seed Series A Series B Series C Late Others Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 5Deals volume

Startups funded per stage number
of companies startintx Source: startintx Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Seed Series A Series B Series C Late 45 17 Others 146 23 96 109 5Deals volume

Startups funded per stage in
percentage startintx Source: startintx 25% 22% 10% 5% 4% 34% Seed Series A Series B Series C Late Others Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 5Deals volume

Investment per stage and countries
Top 5 countries - in percentage startintx China(1) India Japan Singapore South Korea Source: startintx Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Seed Series A Series B Series C Late Others 10% 39% 16% 12% 11% 13% 37% 13% 8% 4% 2% 35% 16% 3% 11% 8% 62% 38% 25% 38% 6% 6% 25% 63% (1) with Hong Kong 5Deals volume

67% more deals in India
than in China in volume. In value, China is 3.9 times bigger than India. startintx Source: startintx To open with Tableau Software: here Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 5Deals volume

China(1) versus India Capital invested
per stage in Billions of USD startintx Seed Series A Series B Series C Series D Others 0.46 1.99 1.80 0.70 Late(2) 0.950.90 0.01 Source: startintx IndiaChina (1) with Hong Kong Seed Series A Series B Series C Series D Others 0.17 0.19 0.02 1.05 0.220.110.03 Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Late(2) (2) doesn’t included Series D 5Deals volume

E-Commerce & Marketplace captured 53%
of the investments in value startintx Source: startintx Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 To open with Tableau Software: here 5Deals volume

Country Spotlight - Japan 37
investments in 90 days startintx Source: startintx Deals size min: max: mean: $91.6M $0.2M $9.3M sum: $269.3M Top 3 investors Top 3 industries Media Enterprise 9 7 6 B Dash Ventures Gree Ventures SMBC Venture Capital 6 5 5 1 Top 15 investments: 14 13 12 11 10 9 8 7 6 5 4 3 2 - - - - - - - - - - - - - - - - - - - - - - - - - - - - $91.6M $2.0M $36.0M $33.7M $21.0M $20.0M $11.8M $10.0M $8.2M $6.2M $3.9M $3.5M $3.4M $2.9M 14 - - $2.0M Wakawaku Metaps Wizpra IACC Raksul Megakaryion Quantum Biosystems Cyfuse SmartNews Retty MyNet Cinemacraft Fringe81 Lenet Schoo E-Commerce & Marketplace Location headquarter Tokyo 32 Osaka 2 Fukuoka 1 Kyoto 1 Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Chiba 1 5Deals volume

Part 2 Venture Capital powered
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Out of the 11 biggest
funds launched, 4 have been set-up by a corporation 6 startintx IDG Capital & SMBA Alibaba Accel Partners $910M $500MInfosys SAIF Partners $350M $316M $305M Banyan Capital $362M MediaTek $300M N5 Capital $200M IDA $200M Alibaba & SAIC Motor $160M $160M Shunwei Capital Source: startintx Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Venture Capital

The 10 most active VCs
have closed 29% of the deals 6 startintx Sequoia Capital Mumbai Angels 500 Startups 32 15East Ventures Tiger Global Management 11 9 8 Matrix Partners 13 IDG Ventures 20 Gree Ventures 7 SAIF Partners 7 Helion Venture Partners 6 1 2 3 4 5 6 7 8 8 10 Source: startintx - - - - - - - - - - Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Venture Capital

8 out 10 most active
VCs invested in India and most of them invested in China 6 startintx Sequoia Capital Mumbai Angels 500 Startups East Ventures Tiger Global Matrix Partners IDG Ventures Gree Ventures SAIF Partners Helion Venture Partners Source: startintx THIDHK MLJP PHSGCNIN Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Venture Capital

Venture Capital Spotlight - East
Ventures 15 investments in 90 days 6 startintx Top 3 co-investors Round size Top 3 industries Location ID 3 JP 3 SG 3 ML 2 TH 2 HK 1 IN 1 min: max: mean: E-Commerce & Marketplace Enterprise Finance 5 5 2 Beenos Partners 500 Startups Cyber Agent Ventures 3 2 2 $1,450k $135k $698k Source: startintx - AgIC Last 15 investments: - StockRadars - Siamsquared - Shoppr - Shopline - ShopBack - Polyglots - Oddle - MoolahSense - Leading Mark - Kaodim - Jurnal - Gympik - Bridestory - Bornevia Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 Venture Capital

Disclosure 7 startintx This presentation
has been compiled by Startintx for informational purposes only and should not be construed as investment advice or a recommendation regarding any particular security or course of action. The presentation relies on data and insights collected by Startintx from a wide range of sources, including public and privates companies, media and government agencies. The presentation is also informed by non-public information and insights. We publish Startintx Index© on a quarter basis, but on occasion will highlight new insights. We will publish any updates, or clarifications on our newsletter: The Asia Funding & M&A Newsletter. Startintx is the first weekly newsletter in APAC to cover funding and M&A news. For the most current weekly updates, check out our newsletter: The Asia Funding & M&A Newsletter. Source: startintx Startintx Index: APAC Venture Capital - Top Trends of Q1 2015

startintx Venture capital - 1337
Ventures - 500 Startups - DFJ - DFJ Global Network - DMP - Gree Ventures - HAXLR8R - Infocomm Investments - Iris Capital - Jungle Ventures - Monk’s Hill - SPH Ventures Corporate - Accenture - Amazon Web Services - Bloomberg - Google - INSEAD - Lazada - Lazard - MasterCard - McKinsey&Company - Microsoft - Uber - UBS Media - e27 - BeSUCCESS - Techcrunch - Techinasia - The Wall Street Journal Source: startintx Leading Companies rely on our Newsletter One email per week Startintx Index: APAC Venture Capital - Top Trends of Q1 2015 8

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questions at: arnaud@startintx.com