Consumer
Eight Roads commits $15m to India's CredR
Indian used motorbike marketplace CredR has raised a $15 million Series A round from Eight Roads Venture, formerly called Fidelity Growth Partners.
China’s Meituan leads $35m round for online campus store
Zhai.me, a Shanghai-based online convenience store aimed at students, has raised $35 million in a Series B round of funding led by Meituan.com, a group-buying site backed by Alibaba Group and several VC firms.
PEP buys New Zealand's Manuka Health, Waterman exits
Pacific Equity Partners (PEP) has acquired health foods business Manuka Health New Zealand for an undisclosed sum. The deal facilitates an exit for New Zealand-based GP Waterman Capital.
Source Code leads $31m round for China B2B liquor platform
China-based B2B liquor-trading platform Yijiupi has received RMB200 million ($31.3 million) in a Series B funding round led by Source Code, a VC firm created last year by Yi Cao, formerly of Ceyuan Ventures and Sequoia Capital.
Oaktree supports bankrupt Australian surfwear brand Quiksilver
Oaktree Capital Management will contribute to a $175 million restructuring package for Australian surfwear brand Quiksilver, which has voluntarily taken its US business into bankruptcy.
Australia's Blue Sky buys stake in Origo Education
Australia-based Blue Sky Private Equity has acquired a significant minority stake in Origo Education, a mathematics tuition provider for primary school students.
CHAMP PE to make partial exit from Accolade Wines
Australia-based CHAMP Private Equity is set for a partial exit from Accolade Wines after agreeing to sell its 50% stake in UK-based drinks wholesaler Matthew Clark to Conviviality Retail, owner of a franchised off-license chain in the UK.
Everstone buys Hindustan Unilever's bakery business
Everstone Capital has agreed to buy India-based Hindustan Unilever’s bread and bakery business for an undisclosed sum.
Deal focus: Qiming targets last-mile delivery
As e-commerce continues to grow in China, demand for last-mile delivery services that get the goods to the consumer on time and in good shape has yet to be fully addressed. While leading online food-ordering platforms, such as Ele.me and Baidu’s Waimai,...
US tech firms in China: Out of the comfort zone
The likes of Uber and Airbnb are looking for strategic partners to help them enter the China market. Can they do better than eBay and Amazon a decade ago, both of which were swamped by local competition
Temasek, Vy Capital lead $60m round for India's Zomato
Temasek Holdings and existing investor Vy Capital have committed $60 million in funding to Indian online restaurant and event guide Zomato.
Paine & Partners' Indonesian Icicle exit falls through
Paine & Partners’ proposed exit from North America-based seafood business Icicle Holdings to a company owned by Indonesia’s Soetantyo family has been terminated.
MBK consortium to buy Tesco's Homeplus in $6.4b deal
A consortium led by MBK Partners has agreed to buy Homeplus – Tesco’s South Korea unit – at an enterprise valuation of GBP4.2 billion ($6.4 billion). Canada Pension Plan Investment Board (CPPIB) will contribute $534 million to the deal. Other co-investors...
GGV leads $19m round for China AR toy maker
GGV Capital has led a RMB120 million ($19 million) round of funding for Neobear, a China-based company that develops interactive learning tools for children.
Sequoia, Legend back Baidu’s education spin-out
Sequoia Capital and Legend Capital have invested an undisclosed sum in a Series A round of funding for Zuoyebang, a K-12 learning and teaching mobile app that spun-out from Chinese online search giant Baidu.
MBK named preferred bidder for Tesco's Korea business - report
A consortium led by MBK Partners is said to have been named the preferred bidder for Tesco’s South Korea-based Homeplus business in a deal that could be worth around $6 billion.
Warburg Pincus leads round for India's Capillary Technologies
Warburg Pincus has led a $45 million Series C round of funding for Capillary Technologies, an Indian cloud-based software provider that focuses on customer relationship management (CRM) solutions.
Zodius, Khazanah back India online lingerie retailer
Zodius Capital and Malaysian state-controlled investor Khazanah Nasional have committed $40 million in Series C funding to Zivame, an India-focused online lingerie retailer.
Wanda Cinemas buys stake in VC-backed online ticketing site
China’s largest cinema operator Wanda Cinemas has acquired a 20% stake in Mtime Holdings, a Chinese online movie ticketing platform backed by several VC investors.
China second-hand car trading platform Chemao raises $188m
Chemao.com, a Chinese second-hand car trading platform, has raised RMB1.2 billion ($188 million) in a Series B round of funding led by Shenzhen-listed hydropower equipment maker Zhefu Holding Group.
Korean start-ups: Pursuing critical mass
A handful of Korean start-ups have achieved valuations in excess of $1 billion as investors look to leverage a mobile-centric consumer base. But how many unicorns can this market accommodate?
Baring Asia buys 40% stake in Bright Food-controlled Weetabix
Baring Private Equity Asia has acquired a 40% stake in UK-based cereals producer Weetabix and will work alongside Bright Food Group – which holds the remaining 60% – to expand the business in China.
Qiming leads Series B for China goods delivery app
Qiming Venture Partners has led a Series B round of funding for Linjia.me, a Chinese mobile app that offers last mile delivery services.
JD Capital backs China’s Gaosi Education
China-focused GP JD Capital has invested in Gaosi Education, an educational and training service provider that focuses on primary and middle school students.