Consumer
PE-backed Shenzhen Scholar files for Hong Kong IPO
Shenzhen Scholar Education, a Chinese after-school tutoring business backed by CRE Alliance, has filed for an IPO in Hong Kong.
Verlinvest leads $25m Series C for India's Drums Food
Verlinvest has led a INR1.8 billion ($25 million) Series C investment in India’s Drums Food International, best known for the Epigamia yogurt brand.
American Express buys Japan's Pocket Concierge
American Express has acquired Pocket Concierge, a Japanese digital services provider for the restaurant industry backed by several domestic venture capital firms.
Australia's BGH wins board approval for Navitas deal
BGH Capital is close to announcing its first deal after a revised offer of A$2.1 billion ($1.5 billion) for Australian education services provider Navitas won backing from the company’s board.
Tencent-backed Weimob surges 14% on Hong Kong debut
Weimob, a Shanghai-based provider of marketing and cloud services to online merchants that is backed by Tencent Holdings and several private equity firms, has surged 14% on its first day of trading on the Hong Kong Stock Exchange.
Belt Road leads $7m round for Vietnam's LeFlair
Belt Road Capital Management, a Cambodia-based private equity firm focused on Southeast Asia, has led a $7 million investment in Vietnamese e-commerce player LeFlair.
Sequoia leads $40m round for Indian edtech company
Sequoia Capital India has led a $40 million Series C funding round for Eruditus Executive Education, a developer of education technology based in India, with participation by existing investor Bertelsmann India Investments.
China wearables player Nreal confirms $15m Series A
Nreal, a China-based company that makes advanced virtual reality glasses that resemble normal sunglasses, has raised $15 million in Series A funding from investors including Shunwei Capital.
India's Zolo secures $30m Series B
Indian managed accommodation platform operator Zolo has raised $30 million in Series B funding from a group of investors including IDFC Alternatives.
Sequoia, Blackbird join Series A for Australia's Baraja
Baraja, an Australia-based start-up developing guidance technology for autonomous vehicles, has raised a $32 million Series A round from investors including Sequoia China and Blackbird Ventures.
India's CarDekho secures $110m Series C
Indian online automobile marketplace CarDekho has raised $110 million in Series C funding from investors including Sequoia Capital India, Hillhouse Capital, CapitalG – an investment arm of Alphabet, parent of Google – and Axis Bank.
AVCJ Awards 2018: Operational Value Add: Qingdao Haier
KKR backed in Qingdao Haier at a time when the Chinese white goods giant wanted to expand overseas and address competitive pressure at home. The GP helped it deliver on both fronts
Chinese online education start-up Yuanfudao raises $300m
Tencent Holdings has led a $300 million round of funding for Chinese online education start-up Yuanfudao, propelling the company to a valuation in excess of $3 billion.
Naspers leads $1b Series H for India's Swiggy
Naspers has re-upped in Indian online food ordering and delivering platform Swiggy, leading a $1 billion Series H round of funding for the company.
AVCJ Awards 2018: Responsible Investment: Manuka Health
The transformation of Manuka Health from loosely run family affair into professional segment leader helped organize a cottage industry into big business
FountainVest closes debut renminbi fund at $246.5m
FountainVest Partners, which has raised three US dollar-denominated China-focused funds, has closed its first renminbi vehicle at RMB1.7 billion ($246.5 million).
Deal focus: India’s Licious cuts in a heavyweight
Indian online fresh meat and seafood delivery company Licious felt compelled to raise its Series D round within three months of its Series C after a segment leader from Japan made an irrefutable offer
Southeast Asia's Grab raises $150m from Yamaha
Japan’s Yamaha Motor has invested $150 million in Southeast Asia-based ride-hailing app Grab as part of a strategic partnership aimed at developing the company’s motorcycle hailing services in the region.
Deal focus: Bonchon flies the coop
VIG Partners acquires Bonchon, a Korean-headquartered fried chicken restaurant chain with a global presence, with an eye to growing the business worldwide
Chinese smart retail services provider raises $100m
Xianlife, a Beijing-based smart retail service provider, has received $100 million in funding together with its subsidiary Good Neighbors Convenience Stores.
SoftBank, Alibaba lead $1.1b round for Indonesia's Tokopedia
SoftBank Vision Fund and Alibaba Group have joined a $1.1 billion round for Indonesian e-commerce and related online services provider Tokopedia.
Chinese social e-commerce player raises $100m Series B
Fresh Buddy, a Chinese social e-commerce app that focuses on fresh produce, has raised a $100 million Series B round led by Genesis Capital.
Chinese coffee shop chain Luckin gets $200m Series B
Luckin Coffee, a Chinese coffee shop chain established last year, has raised $200 million in Series B round from existing investors GIC Private, Centurium Capital, and Joy Capital.
India's PE-backed Byju's raises $400m
Indian online education start-up Byju’s has raised a $400 million funding round led by Naspers Ventures, an investment arm of South African media conglomerate Naspers.
