Consumer
Japanese strategic to buy Australia's Allied Pinnacle from PEP
Pacific Equity Partners (PEP) has exited Allied Pinnacle, an Australia-based roll-up of multiple bakery supply investments, to Japanese strategic Nisshin Foods.
China’s Tiantu Capital closes first angel fund at $75m
Tiantu Capital has closed its debut angel investment fund at RMB500 million ($75 million), complementing the GP’s coverage for companies from early to late stages in China.
Chinese community group purchasing business receives $31m
Songshupinpin, a Chinese group purchasing platform that connects consumers in different residential districts with suppliers of daily necessities, has raised $31 million in the first tranche of a series B round led by Hillhouse Capital Group and MSA Capital.
Google joins $7m round for Vietnam's Elsa
Gradient Ventures, a VC arm of Google focused on artificial intelligence (AI), has led a $7 million Series A round for Vietnam-based English language education technology provider Elsa.
Deal focus: Zilingo builds full-service fashion platform
Zilingo has secured $226 million in Series D funding to take its end-to-end online retail service to more small-scale fashion merchants across Southeast Asia
Chinese pet supplies company raises $20m
Petkit, a Chinese manufacturer of smart devices for pets such as water and food dispensers, has raised $20 million in a Series C round of funding led by Qiming Venture Partners.
Ardian buys Australia's Study Group from Providence
Study Group, an Australia-headquartered group that prepares international students for university degree programs, will have its third consecutive private equity owner after Ardian agreed to buy the business from Providence Equity Partners.
China coffee shops: Out of Luckin?
Luckin Coffee has won substantial private equity funding for an expansion strategy that involves taking the fight to Starbucks. But is the Chinese coffee shop chain’s business model sustainable?
MBK to buy Asia retail assets from chocolate maker Godiva
MBK Partners has agreed to buy Belgian chocolate maker Godiva’s distribution operations in Japan, South Korea, Australia and New Zealand in a deal reportedly worth more than $1 billion.
Flipkart co-founder invests $91m in India’s Ola
Sachin Bansal, a co-founder of Indian e-commerce giant Flipkart, has invested INR6.5 billion ($91 million) in ride-hailing platform Ola.
TPG-SoftBank fund backs Chinese restaurant services platform
Shiheng Technology, a Chinese company that helps restaurants manage their online food delivery businesses, has completed the second tranche of a Series B round led by a TPG Capital and SoftBank Ventures Korea fund.
Singapore AI start-up raises $20m
ViSenze, a Singaporean artificial intelligence (AI) provider focused on e-commerce has received a $20 million Series C round led by China’s Gobi Ventures and the VC arm of Portuguese retail and technology group Sonae.
Chinese online K12 education provider raises $350m
Zhangmen, a Chinese online tutoring platform aimed at elementary through high school students, has raised $350 million in the first tranche of a Series E funding round.
Advantage buys Vietnam's Elise Fashion
Advantage Partners has made its first acquisition in Vietnam, buying women’s fashion brand Elise Fashion for an undisclosed amount.
Didi invests $100m in India's Oyo to close Series E round
Chinese ride-hailing app operator Didi Chuxing has invested $100 million in India-based online hospitality platform Oyo to close its $1 billion Series E round announced last year.
EQT buys stake in Chinese payment services provider VBill
EQT has agreed to acquire a minority stake in VBill, a third-party payment services provider in China that focuses on small and medium-sized enterprises (SME) for RMB378 million ($55.8 million).
Deal focus: From space food to sustainable food
Sustainable Bioproducts left stealth mode to raise a $33 million Series A round as it targets commercialization for an edible protein technology that won early backing from NASA
Indonesia’s BeliMobilGue raises $10m Series A
Indonesia’s BeliMobilGue, a used car trading platform backed by a number of VCs, has raised $10 million in a Series A round led by parent company Frontier Car Group with participation from Toyota Tunas Indonesia.
Warburg Pincus backs $200m investment in Indonesia's NWP
Warburg Pincus has backed a $200 million funding round for Indonesian shopping mall developer NWP Retail.
Sequoia leads $226m Series D for Singapore’s Zilingo
Sequoia Capital India has led a $226 million Series D round for Singapore-based Zilingo, a fashion e-commerce platform and provider of ancillary services.
1955 Capital leads Series A for sustainable foods specialist
1955 Capital, a cross-border PE firm that invests in US and European technologies with application potential in Asia, has led a $33 million Series A round for edible protein developer Sustainable Bioproducts.
Indonesia's Go-Jek completes first phase of Series F
Google, JD.com and Tencent Holdings are among the returning investors in the first phase of the Series F round for Indonesia-based ride-hailing and delivery platform Go-Jek, which amounts to around $1 billion.
Thailand's Central Group invests $200m in Grab
Thai retail conglomerate Central Group has agreed to invest $200 million in ride-hailing and online-to-offline (O2O) services platform Grab, adding to the list of strategic players that have backed the Southeast Asia company in the past year.
Korea's Orchestra buys electronic darts machine maker
Korean middle market investor Orchestra Private Equity has completed the KRW122 billion ($109 million) acquisition of Hong International, the largest global manufacturer of electronic darts machines.