Consumer
Goldman, Mitsui invest in India's Global Beverages & Foods
Goldman Sachs, Mitsui Global Investment (MGI) and a number of other unnamed investors are paying INR3.15billion ($50.4 million) for a undisclosed stake in Global Beverages and Foods (GBF).
Baring Asia-owned Nord Anglia files for $300m IPO
Nord Anglia Education, a Hong Kong-based school operator with a presence in Asia, the Middle East, Europe and North America, has filed to raise up to $300 million through a US IPO. The company has been majority-owned by Baring Private Equity Asia since...
Horizon Ventures leads $23m round for Hampton Creek Food
Hong Kong billionaire Li Ka-Shing’s Horizon Ventures has led a $23 million Series B financing round for Hampton Creek, a US-based food technology firm.
Superangel swoops in to support Vancl
Chinese smart phone maker Xiaomi is a smash hit, valued at $10 billion in its most recent round of funding. Lei Jun, the company’s founder, is riding high. In contrast, Chen Nian (pictured), who set up online clothing retailer Vancl six years ago, is...
Jack Ma returns to school
Jack Ma was an English teacher at Hangzhou Dianzi University before he went on to found Alibaba Group. Now he has returned to the education sector to support the next generation.
ClearVue Partners closes $262m China consumer fund
ClearVue Partners has closed its first fund, ClearVue Partners Fund I, at $262 million. It has exceeded the original target of $200 million.
Fosun invests $35m in Malaysian restaurant chain
Fosun Group, China’s largest privately-owned conglomerate, has committed RMB210.5 million ($35 million) to Malaysia’s Secret Recipe, becoming the second-largest shareholder in the restaurant chain.
Sequoia leads Series B for China home renovation site to8to
Sequoia Capital has led a Series B round of funding for to8to, a Chinese online renovation site, with participation from existing investor Matrix Partners.
Alibaba, Temasek, Qiming pump $100m into China's TutorGroup
Alibaba Group, Temasek Holdings and existing backer Qiming Venture Partners have invested $100 million in a Series B round of funding for TutorGroup, a China-based online education service provider.
China travel site 17u raises $82m from Tencent, Boyu, Oriza
Chinese online travel agency 17u.cn has received a RMB500 million ($82 million) round of investment from Tencent Holdings, Boyu Capital and Oriza Holdings.
Sequoia leads $50m round for second-hand car platform Cheyipai
Sequoia Capital has led a $50 million round of funding for Cheyipai, a Chinese second-hand car trading platform. Existing backers Morningside Ventures, Matrix Partners and CITIC Capital also participated.
Vipshop buys majority stake in VC-backed China cosmetics site
Chinese online retailer Vipshop Holdings, a DCM and Sequoia Capital portfolio company that went public in the US in 2012, has agreed to buy a 75% stake in cosmetics and fashion products site Lefeng.com for approximately $132.5 million.
RRJ to invest $250m in Shanghai Bright Dairy JV
RRJ Capital plans to invest RMB1.5 billion ($250 million) for a 45% stake a dairy farming joint venture with Shanghai-listed Bright Dairy & Food, a subsidiary of Chinese conglomerate Bright Food Group.
Tiantu Capital commits $8m to Qinghai dairy firm
China’s Tiantu Capital has committed RMB50 million ($8 million) to Qinghai Xiaoxiniu Biological Dairy Industry, a dairy products manufacturer, for an undisclosed stake.
TMall’s Inman Apparel receives funding from IDG, Alibaba – report
IDG Capital Partners and Alibaba Group have reportedly invested in Inman Apparel, a Guangzhou-based clothing brand that sells its products through Alibaba’s TMall and Taobao platforms.
Premji tries Myntra on for size
The growth of Indian e-commerce is well documented and recent estimates by online marketplace and industry poster child Flipkart illustrate just how much farther it has to go. According to Sachin Bansal, Flipkart’s co-founder and CEO, e-commerce grew...
Temasek, Ceyuan, IDG, SAIF invest $100m in China’s Vancl
Vancl, China’s largest online clothing retailer, has raised more than $100 million in funding from existing investors Temasek Holdings, IDG Capital Partners, Ceyuan Ventures and SAIF Partners.
Sunsuper acquires remaining holiday parks stake, PE exits
Sunsuper, the Australian superannuation fund, has acquired control of Discovery Holiday Parks, paving an exit for Next Capital, Allegro Funds and Macquarie Funds. The deal, which values the asset at A$240 million ($215 million), will see Sunsuper raise...
CDH Ventures invests in online travel site Lailaihui
CDH Venture has led a new funding round for Lailaihui, a Chinese backpacker travel service start-up, alongside existing investor Unity Ventures. Transaction details were not disclosed but the investment was said to be about $1 million.
PE-backed Thomas Cook India, Sterling Holiday to merge
Thomas Cook India, which was bought by Fairbridge Capital in 2012, has agreed to merge with Sterling Holding Resorts India, another private equity-backed enterprise, in a part-equity, part-cash deal worth INR8.7 billion ($140 million).
Premji Invest leads $50m round for India fashion site Myntra
Bangalore-based fashion portal Myntra Designs has raised $50 million from investors led by Premji Invest, an investment arm owned by Indian tycoon Azim Premji.
CDC supports funding round for Indian e-commerce platform
CDC Group will contribute approximately $27.5 million to the latest round of funding for Jabong, a fashion and apparel-focused Indian e-commerce platform.
Rocket Internet’s Foodpanda secures $20m in funding
Foodpanda, an online meal delivery marketplace incubated by Rocket Internet, has received $20 million in funding from several venture capital firms, including existing investor Phenomen Ventures.
WestBridge takes minority stake in Indian snack foods producer
WestBridge Capital Partners has acquired 24.9% of DFM Foods, a leading Indian snack foods manufacturer best known for Crax Corn Rings.