Consumer
Bertelsmann leads round for Indian e-commerce platform
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
China online retailer raises $1b for finance unit
Sequoia Capital and China Taiping Insurance have led a RMB6.65 billion ($1 billion) funding round for JD Finance, the financial subsidiary of online retailer JD.com.
Anchorage speaks out on Dick Smith investment
Anchorage Capital Partners has spoken out for the first time about the demise of its former portfolio company, Dick Smith Electronics, for which the Australian GP has attracted much criticism.
Temasek leads $145m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
India's ShopClues raises GIC-led round at $1.1b valuation
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
Uber China raises new funds at $7b valuation
Uber's China unit has raised a new funding round that values the ride-hailing company at $7 billion.
VC-backed Mogujie to acquire rival Meilishuo
VC-backed Chinese online shopping and social networking platform Mogujie has agreed to take control of rival Meilishuo.com in a stock-swap deal. It is thought the combined entity would be worth approximately $3 billion.
Lightbox commits $5m to Indian online jeweler Melorra
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
Deal focus: IMM initiates unlikely media merger
Korean VC player IMM Investment convinces magazine publisher Design House and e-commerce business Oheim that together they can be stronger
China's Ctrip invests $180m in India's MakeMyTrip
Ctrip, a listed travel services firm based in China, has agreed to invest $180 million in MakeMyTrip, India's largest online travel agency.
India classifieds business Quikr buys CommonFloor
Indian classifieds site Quikr has bought property search website CommonFloor for an undisclosed amount. Both companies have received VC funding.
Uber expects China to be bigger than US in 2016
Sam Gellman, general manager of Uber Hong Kong, says the ride-hailing company expects China to be an even bigger market for it than the US in the next year.
VC-backed SE Asia e-commerce sites to merge
Moxy and Bilna, two VC-backed Southeast Asia e-commerce sites focused on female customers, have agreed to merge.
SIG Asia joins $57m round for China online travel guide service
SIG Asia has participated in a $57 million Series D round of funding for Qyer.com, a Chinese outbound travel service provider.
Deal focus: Investors back Benlai’s cold chain solution
Chinese online grocery supplier Benlai.com raises $100 million in Series C funding to support expansion of its cold chain logistics network
Deal focus: Macpac aims to scale new heights
CHAMP Ventures acquires New Zealand outdoor apparel and equipment supplier Macpac with a view to replicating the success it has enjoyed with Lorna Jane
China's iDreamSky agrees PE-backed take-private
Chinese mobile game publisher iDreamSky Technology has agreed to be taken private by its chairman and a string of venture capital investors. The company listed on NASDAQ in August 2014.
Sequoia leads $6m round for Indian brewer
Sequoia Capital has led a INR400 million ($6 million) round for Indian brewer B9 Beverages, the makers of the craft beer brand Bira 91.
China online food retailer Benlai raises $100m
Benlai.com, a Chinese B2C-focused online grocer, has raised approximately $100 million in a Series C round of funding.
Creador buys minority stake in 7-Eleven Malaysia
Creador has acquired a 6.56% stake in 7-Eleven Malaysia Holdings, the country’s largest convenience store chain with more than 1,900 stores, for around MYR108.8 million ($25.3 million).
Black River backs India's Future Consumer Enterprise
Black River Asset Management, an independently managed alternative investment unit of agribusiness giant Cargill, will invest $45 million in India's Future Consumer Enterprise (FCEL).
CHAMP Ventures to buy New Zealand's Macpac
CHAMP Ventures has agreed to take a significant majority stake in Macpac Group, a New Zealand-based outdoor apparel and equipment supplier.
CVC commits growth capital to Indonesia's Softex
CVC Capital Partners has made its fourth investment in Indonesia, taking a minority stake in Softex Indonesia. The size of the investment was not disclosed.
SIG Asia backs Country Style Cooking take-private
Chinese restaurant chain Country Style Cooking (CSC) has agreed to a take-private led my management and supported by SIG Asia. The deal values the business at approximately $140 million.