Temasek Holdings has led a EUR200 million ($249 million) round of funding for Lazada, a Southeast Asia-focused online retailer set up by Germany’s Rocket Internet.
Several existing investors also participated in the round, including Kinnevik and Verlinvest, as well as Rocket Internet itself. Lazada has now raised more than $700 million from investors. Last December,...
Exits remain challenging in Southeast Asian private equity, but LPs see a growing willingness among the region’s GPs to take this difficulty into account when planning their investments.
Alibaba Group has led a $150 million Series D round of funding for Knowbox, a Chinese education start-up that develops a range of mobile apps aimed at students and teachers.
EBay has acquired a 5.5% stake in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
Switzerland-based private equity firm Vaalon Capital and Netherlands investor IFSD BV have provided a combined $15 million to Indian financial and enterprise services provider MyMoneyMantra (MMM).