Qraved, an Indonesia-based online restaurant booking platform, has secured an $8 million Series B round of funding co-led by US-based Richmond Global Ventures and China-based Gobi Partners.
Ruigang Li forged a career with Shanghai Media Group and then left to start media-focused private equity firm CMC Capital Partners. He explains why capital is entering the sector and where he sees it heading
From taxi journeys to pedicures, online-to-offline services are changing consumption channels in Asia’s emerging markets. Some leaders have emerged, but much of the sector is still up for grabs
GrabTaxi started out as an entry in business plan contest at Harvard Business School in 2011, where it placed second. Co-founder and CEO Anthony Tan explains how it has become Southeast Asia’s leading ride-hailing company
China-based travel services companies Ctrip and Baidu-controlled Qunar have agreed an all-share merger that will create a single dominant player in the domestic hotel and air ticket booking market.
PremjiInvest, the private investment firm for Wipro Enterprises Chairman Azim Premji, has invested INR2.16 billion ($33 million) in cosmetics developer Hygienic Research Institute (HRI).
SSIPL Retail, a footwear manufacturer and retailer based in India, has filed for an IPO, providing an exit for PE investor Tano Capital.
Indian coffee shop and restaurant chain Cafe Coffee Day has fixed a price for its upcoming IPO that will put the offering on course to meet its target of INR11.5 billion ($177 million).
The Carlyle Group has exited its position in Natural Beauty Bio-Technology though a management buyback, prompting a group led by the founder and chairwoman to submit a takeover bid for the Hong Kong-listed business.
GGV Capital is planning to raise up to $1.1 billion across three vehicles – a core venture fund, a top-up vehicle and an early-stage fund – that will target start-up and growth-stage technology deals in China and the US.
US venture capital firm Formation 8 has led a $15 million Series A round for Singapore-based on-demand grocery delivery start-up Honestbee.
Opinio, a hyperlocal delivery start-up based in India, has raised $7 million in a Series A round led by Indian logistics firm Delhivery. Sands Capital Ventures and existing investor Accel Partners also participated.
CITIC Capital Partners has acquired Japanese footwear company Akakura for an undisclosed sum.
KKR joins Alibaba Group and Ping An Group in backing 58 Daojia, an online-to-offline local services platform that is tipped to match Didi Kuaidi and Dianping-Meituan for size
Matrix Partners has led a $5 million Series A round of funding for Klook, a Hong Kong-based online travel start-up.
Alibaba Group is looking to take full ownership of Chinese online video platform Youku Tudou in a deal that values the US-listed company at approximately $4.2 billion.
Jiuxianwang E-commerce, a PE-backed Chinese e-commerce site that sells wines and spirits, has won regulatory approval to list on China’s over-the-counter (OTC) board.
Singapore Post (SingPost) has bought US-based online commerce provider TradeGlobal from its private equity backer Bregal Sagemount for $169 million.
IndEU Capital, a France-based private equity firm, will close its debut India-focused fund at $70 million before the end of the year.
Qulv.com, a Chinese outbound travel-focused platform, has raised a $20 million Series A round of funding from domestic GP Yuantai Changqing Fund.
Cassia Investments has led a $5.5 million Series A round for KAfé Group, a Vietnamese café chain operator, with participation by existing investor New Asia Partners (NAP).
Shanghai-based VC firm Gobi Partners has led a $2 million Series A round of funding for Hermo, a Malaysian cross-border cosmetics e-commerce platform.
The International Finance Corporation (IFC), the investment arm of the World Bank, will commit $25 million to Indian online grocer BigBasket.
Following the announced merger of Dianping and Meituan, further consolidation is expected in China's online-to-offline (O2O) services market