Consumer
Japan marketplace Mercari gets $74m Series D round
Japan’s Mitsui & Co has co-led a JPY8.4 billion ($74 million) Series D round of funding for smart phone peer-to-peer marketplace Mercari.
AID Partners to sell stake in HMV to Japan's World Innovation Lab
AID Partners is set for a partial exit from HMV’s Asia business after agreeing to sell an 18.37% stake in the music and movie retailer to Japan-based World Innovation Lab for $9 million.
Malaysia car sale platform raises $2m Series A round
Malaysian PE fund IdeaRiverRun has led a $2 million Series A round of funding for Carsome, a local car purchasing platform.
Indian e-commerce site Hopscotch secures $13m
Facebook co-founder Eduardo Saverin has led a $13 million Series C round of funding for a technological expansion of Hopscotch, an online retailer of baby and children’s products targeting Indian mothers.
China cross-border shopping platform gets $15m
California-based Chinese cross-border shopping platform 55Haitao has raised $15 million in Series A funding from JJ Capital, a VC arm of Chinese game developer JJ.
Eight Roads leads $8m round for Japan's Port
Eight Roads Ventures Japan has led a JPY900 million ($7.9 million) round of funding for Tokyo-based online content developer Port.
GIC to invest $387m in Indonesian retailer
Singapore’s GIC Private has agreed to invest IDR5.2 trillion ($387.4 million) in Trans Retail, a hypermarket operator controlled by Indonesian conglomerate CT Corp.
VCs commit $15m to Indonesia's Orami
MoxyBilna, an Indonesia-based mother and baby-focused e-commerce group, has received a $15 million funding round led by Sinar Mas Digital Ventures (SMDV), and also announced a rebranding as Orami.
Australia services: Roll-up rapport
As Australia rebalances its economy in the wake of the commodities downturn, services are coming to the fore. Private equity investors continue to see consolidation opportunities
Australian PE: Under the spotlight
The rapid descent of Dick Smith Electronics from a $500 million valuation to bankruptcy has led to sharp criticism of private equity. Once again, the industry must explain why it isn’t the bad guy
IvyCap leads $4.5m round for India's Taskbob
IvyCap Ventures has led a INR280 million ($4.5 million) Series A round for Indian home services start-up Taskbob.
KV Asia acquires Malaysia's TF Value-Mart
KV Asia Capital has acquired a controlling stake in TF Value-Mart, a leading hypermarket chain in Malaysia.
VIG set for 2.5x return as Affinity agrees to buy Burger King Korea
VIG Partners – formerly known as Vogo Investment – has agreed to sell the Burger King master franchise for Korea to Affinity Equity Partners, securing an approximately 2.5x return on its investment.
Sequoia-backs $1b take-private bid for China's Jumei
Sequoia Capital is supporting a take-private Chinese online beauty products retailer Jumei International that has been launched by the company’s founders. It values the US-listed business at approximately $1 billion.
PE to exit food platform Baicaowei to Chinese strategic
Haitong-Fortis Private Equity, a joint venture between Haitong Securities and BNP Paribas Investment Partners, is set to exit Chinese snack food platform Baicaowei to Shenzhen-listed jujube product maker Haoxiangni.
South Korea's Yello Mobile raises $30m from SBI
Japanese internet finance group SBI Holdings has committed $30 million to Korean mobile internet platform Yello Mobile.
China’s 58 Daojia merges with VC-backed beauty app
58 Daojia, a PE-backed Chinese online-to-offline (O2O) local services platform, has merged with Dudumeijia.com, a manicure-booking app that counts Sequoia Capital and Source Code Capital among its investors.
Deal focus: Partners Group brings global expertise to Australian childcare
Partners Group lost out to Navis Capital Partners when Guardian Early Learning was put up for sale three years ago. The firm wasn't going to let the opportunity slip from its grasp a second time
Sequoia backs China second-hand car pricing platform
Sequoia Capital has led a new funding round for Che300.com, a China-based online platform that values second-hand cars.
TPG, Carlyle acquire stake in Greencross, see buyout offer rejected
TPG Capital and The Carlyle Group have jointly acquired a 15.42% voting interest in Australia’s Greencross, although a buyout offer for the listed pet services business was rejected over the weekend.
India's VC-backed Oyo Rooms acquires rival Zo Rooms
Oyo Rooms, an India-based budget hotel booking app backed by SoftBank Corp. and other VCs, has acquired industry rival Zo Rooms, which counts Tiger Global Management as an investor.
China travel site agrees Tencent-backed take-private
Chinese online hotel booking site eLong has agreed to buyout led by a consortium of existing shareholders, including Tencent Holdings and Ctrip. The deal values the company at approximately $647 million.
VIDEO: Black Soil's Chang Sun
Having spent 20 years at Warburg Pincus, during which he helped set up the firm’s China business, Chang Sun chose agriculture for his next challenge. His start-up, Black Soil, aims to bring consolidation, automation and improved productivity to a sector...
Chinese container maker buys Switzerland’s SIGG from Riverside
Zhejiang Haers Vacuum Containers, a Chinese stainless vacuum container manufacturer, has agreed to pay The Riverside Company CHF16.1 million ($16.6 million) in cash for Swiss bottle maker SIGG.