Consumer
Sequoia, Venturra, SIG lead $8m Series A for Thailand's Zilingo
Sequoia Capital India, Venturra Capital and Susquehanna International Group (SIG) have led an $8 million Series A round for Thailand-based online fashion retailer Zilingo.
China online tourism operator Joyu Culture raises $150m
Shanghai Joyu Culture Communication, which operates Chinese VC-backed tourism booking site Lvmama.com, has raised RMB1 billion ($150 million) through a private placement on the National Equities Exchange and Quotations (NEEQ), also known as the New Third...
Premji invests in India's Lenskart
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has invested in Indian online eyewear retailer Lenskart.
Primavera, Ant Financial to invest $460m in Yum China spin-out
Primavera Capital and Ant Financial Service Group have agreed to invest a combined $460 million in Yum China, a spin-out from US-listed Yum Brands which owns fast-food giants KFC, Pizza Hut and Taco Bell.
IDG-Everbright fund buys Shanghai Film Art Academy
China Everbright (CEL) and IDG Capital Partners have acquired a controlling stake in the Shanghai Film Art Academy for an undisclosed sum.
KKR's acquisition of Korea-based Kim's Club falls through
South Korean retail conglomerate E-Land Group has dropped plans to sell its luxury grocery chain Kim’s Club to KKR after agreeing a separate strategic divestment.
Deal focus: Mr Vitamins gets deal-by-deal treatment
Executives from Ironbridge Capital and Catalyst Investment Managers team up with retail veteran Brett Blundy to take Australia's Mr Vitamins into its next stage of growth
China overseas car rental platform raises $22m
Yitu8.net, an overseas car rental platform for Chinese outbound travelers, has raised a RMB150 million ($22 million) Series B round led by Sanhua Holdings, a Chinese refrigeration and air-conditioning components manufacturer.
Deal focus: Goldman, EastBridge cook up expansion plan
After attempts to grow cross-border struggled, the founder of Korean cookware manufacturer Happycall opted to bring in EastBridge Partners and Goldman Sachs' capital and expertise
Deal focus: Navis leaves its mark on auto services
Navis Capital Partners has completed the second part of its exit from Australia's WorldMark Group, generating proceeds of $300 million across both transactions. For one executive, it marks the end of near 20-year journey
Southeast Asia’s HappyFresh gets Series B
HappyFresh, a Southeast Asian online grocery delivery platform, has raised a Series B funding round led by Dubai-based private equity firm Samena Capital.
Bessemer leads $15m round for India's LivSpace
Bessemer Venture Partners has led a INR1 billion ($14.9 million) funding round for Indian online home design portal LivSpace.
General Atlantic, Ctrip back tourism-focused China PE firm
Ocean Link, which claims to be the first PE firm dedicated to investing in China’s travel and tourism sector, has received backing from General Atlantic and domestic online travel agency Ctrip.
Monk's Hill, Kickstart invest in Philippines-based ZipMatch
Monk's Hill Ventures and Kickstart Ventures, a unit of Philippines telecommunications company Globe Telecom, have invested in Manila-based real estate marketplace ZipMatch.
Navis exits Australia's Worldmark to Quadrant
Navis Capital Partners will complete its exit from WorldMark Group after agreeing to sell the Australia-based after-market car services provider to Quadrant Private Equity. Following the earlier sale of WorldMark’s consulting business, total proceeds...
CDH raises $1.2b via sell down of China-based WH Group
CDH Investments, the largest PE shareholder in WH Group, will raise HK$9.25 billion ($1.19 billion) by exiting a 10.6% stake in the Chinese pork processor.
China’s Suning invests in VC-backed VR camera maker
Insta360, a Shenzhen-based virtual reality (VR) camera maker backed by several VC investors, has received an undisclosed sum of funding from Chinese electronics retailer Suning Commerce Group.
Cross-border consumer: The Korean wave
Driven by the popularity of music, TV dramas and beauty products, Korea’s cultural cachet has never been stronger. PE and strategic investors want to monetize the phenomenon, for as long as it lasts
Korea VC: Leaps of faith
Korean e-commerce start-ups have seen breakthroughs in fundraising over the last few years, but investors are already concerned about the future of the industry
VC-backed app developer Meitu files for Hong Kong IPO
Chinese mobile internet company and photo app provider Meitu has filed for a Hong Kong IPO, offering potential exits to investors including IDG Capital Partners and Qiming Venture Partners.
Malaysia's Ekuinas sells 20% stake in Alliance Cosmetics to Navis
Navis Capital Partners has paid MYR61.8 million ($15.3 million) to Malaysian government-backed PE firm Ekuinas for a 20% stake in local cosmetics brand Alliance Cosmetics Group.
Australia's Quadrant buys Goodlife Health Clubs for $198m
Quadrant Private Equity, which recently closed its eighth Australia mid-market fund at $980 million ($754 million), has agreed to buy Ardent Leisure’s Goodlife Health Clubs business for A$260 million.
WestBridge invests $11m in India's La Opala
WestBridge Capital Partners has invested INR77 million ($11 million) in Indian tableware retailer La Opala.
Brand Capital commits $19m to India's Quikr
Brand Capital, an investment arm of The Times Group, has invested INR1.3 billion ($19 million) in Indian online classifieds services provider Quikr.