From delightfully indulgent pizza toppings to delivery world records, Domino’s Japan has added a splash of color to the food and beverage space. It also served up robust private equity returns
Vietnamese e-commerce company Sendo has received $61 million in Series C funding from a group of investors including SBI Group and SoftBank Ventures Asia.
Allegro Funds has agreed to acquire a portfolio of Australian and New Zealand furniture and household goods brands – including Best & Less, Harris Scarfe, Postie, and Debenhams Australia – from South Africa-based retail holding company Steinhoff International.
A group of Chinese investors including Gaorong Capital and Sequoia Capital China have joined a $120 million Series B round for Nigerian logistics and payments technology company Opay.
Lumi United, a Chinese smart home appliances and internet-of-things (IoT) solutions provider backed by smart phone maker Xiaomi, has raised $100 million in the third tranche of a Series B funding round.
MBK Partners and Mirae Asset Daewoo Private Equity have agreed to pay KRW333.6 billion ($286 million) for a minority position in the China and Southeast Asia assets of Korean cinema chain operator CJ CGV.
The Blackstone Group has agreed to invest INR17.5 billion ($244 million) in India-listed clothing retailer Future Lifestyle Fashions (FLF).
Pavilion Capital and Gobi Partners had co-led an $18 million Series B round for Indonesia’s Travelio, an Airbnb-style home rentals start-up.
One Store, a Korean mobile app market controlled by SK Telecom, has raised a KRW100 billion ($86 million) round led by local VC firm Kiwoom Investment.
Alibaba Group has enlarged a controlling stake in its PE-backed shipping affiliate Cainiao Smart Logistics Network with a $3.3 billion investment.
With ubiquitous delivery services, ordering apps that learn user preferences, and intelligent inventory management, technology is changing China’s restaurant industry. Operators are in a race to stay relevant
Korean investors Mirae Asset Capital, EastBridge Partners, and Naver have provided $30 million in growth capital to Vietnamese online entertainment broadcaster Pops.
Philippines consumer technology developer Xurpas has agreed to acquire the US operations of venture capital firm Wavemaker Partners.
Localization was the key for Everstone Group when rolling out Burger King in an India market that is both price-sensitive and not known for its appreciation of beef
Investcorp has teamed up with China Resources and Fung Investments, the private investment arm of the founding family of Hong Kong consumer goods and supply chain conglomerate Fung Group, to raise a $500 million Asia food fund.
Many private equity investors think they can make a fast buck from fast dining, but rolling out a Western-style brand in Asia requires discipline on valuation and competence in execution
Everstone Capital, which set up the Indian franchise of US fast food giant Burger King in 2013, has filed to list the company on the domestic markets.
Pakistan’s Airlift, a bus-hailing app, has raised a $12 million Series A round led by US-based First Round Capital. It is being called the largest ever Series A in Pakistan.
Maison Capital has invested RMB100 million ($14 million) in Sungiven Foods, a Chinese fresh produce retailer looking to replicate the model of US-based Trader Joe's.
Indian e-commerce company ShopClues has agreed a merger with Singaporean counterpart Qoo10 at a valuation reportedly 99% lower than its peak level of $1.1 billion.
Meili Auto, a Chinese car financing platform, has filed for US IPO. Its backers include Gaorong Capital, China International Capital Corporation (CICC), and Lingfeng Capital.
The Blackstone Group has invested an undisclosed sum in New Delhi-based Aakash Educational Services with a view to building India’s largest digital omnichannel test preparation company.
Lizhi, a Guangzhou-based audio streaming and social networking platform backed by Matrix Partners China and Morningside Venture Capital, has filed for a US IPO.
TDM Growth Partners, an Australian GP that invests across public and private companies, has led a $48 million Series C round for local marketing technology supplier Rokt.