Consumer
Shanda leads $5.6m round for Indonesia's Nida
Indonesian hotel reservation services provider Nida Rooms has raised a $5.6 million Series A round of funding led by China’s Shanda Group.
China’s Meituan-Dianping launches $436m consumer fund
Meituan-Dianping, a China-based online-to-offline (O2O) services platform created through the merger of two rival groups, has launched a RMB3 billion ($436 million) fund that will make early-stage consumer sector investments.
Japan's Mercari buys VC-backed e-commerce player
Japanese e-commerce company Mercari has agreed to acquire domestic competitor Zawatt, setting up an exit for a number of venture capital backers.
Kalaari leads $15m round for India's Urban Ladder
Kalaari Capital has led a INR1 billion ($15 million) funding round for Indian online furniture retailer Urban Ladder.
Fund focus: VIG steps up for Fund III
South Korea VIG Partners closed its third fund at the hard cap of $600 million, having won over LPs with its past history and future prospects in buying and building middle-market consumer businesses
China’s Shunwei makes debut India investment
China’s Shunwei Capital Partners has made its first investment in India, contributing $3 million to the second tranche of a Series A round for used car trading platform Truebil.
Bain credit unit buys Australia aged care business
Bain Capital Credit has agreed to buy Craigcare, a residential care provider and retirement village operator in Western Australia.
SAIF completes exit of India's MakeMyTrip
SAIF Partners has exited its remaining stake in US-listed Indian online travel agent MakeMyTrip.
NLVC leads $18m round for China clothing rental site
Northern Light Venture Capital (NLVC) has led an $18 million Series A round of funding for Ms. Paris, a Chinese online fashion rental company.
China’s CMC Capital invests in Formula E
A consortium led by Chinese media-focused private equity firm CMC Capital Partners has acquired a stake in Formula E Holdings, the official promoter of the electric cars racing series FIA Formula E Championship.
China VC-backed parenting site gets Series D from Suning
Lamabang, a Chinese parent-focused social platform backed by several VC investors, has raised a Series D round of funding from local home appliance retailer Suning Commerce.
Peepul Capital invests in Unibic India
Peepul Capital has cemented its control of snack food maker Unibic India by acquiring the entire stake of minority investor Lighthouse Funds.
China O2O player buys VC-backed last-mile delivery app
Huimin, a Chinese B2B e-commerce platform that focuses on small-scale supermarkets, has acquired a controlling stake at Beequick, a snack food delivery app backed by several VC investors.
India's Wooplr raises $8m Series B
Sistema Asia Fund (SAF) has led an $8 million Series B round for Indian social network and online fashion marketplace Wooplr.
Temasek leads $55m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings has led a INR3.7 billion ($55.2 million) funding round for Indian online auto sales portal CarTrade.
PAG buys Australian cake retailer The Cheesecake Shop
PAG Asia Capital has acquired The Cheesecake Shop, an Australia-based specialist cake retailer with a franchise network of more than 200 stores across Australia, New Zealand and the UK.
PAG, Meridian invest $225m in Food Union Group
PAG Asia Capital and Meridian Capital have invested a combined $225 million in Europe-based dairy and ice cream producer Food Union Group, with a view to expanding the business in China.
RB Investments leads $10m Series B for India's TravelTriangle
Singapore-based VC firm RB Investments has led a $10 million Series B round for Holiday Triangle Travel, operator of Indian online travel planning marketplace TravelTriangle.
Investec leads $19.5m round for Singapore image recognition player
Investec Bank has led a $19.5 million funding round for Trax Image Recognition, a Singapore-based company that uses visual technology to support manufacturers and retailers.
Japan fintech start-up Folio gets $16m Series A
Jafco and several other Japanese venture capital firms have joined a JPY1.8 billion ($18.7 million) Series A round for Japanese stock-trading app developer Folio.
Vanguard marks down India's Ola
A mutual fund managed by US-based Vanguard Group has cut the value of its shares in Indian ride-hailing app Ola by 41%, joining several other US mutual funds in marking down Indian tech unicorns.
South African GP acquires Australia's Decor
South African private equity investor Coast2Coast Capital has acquired Australia’s Decor, a company that designs and manufactures household lifestyle products.
Singapore's Jubilee Capital in $3m round for NZ fintech start-up
Latitude Technologies (Latipay), a New Zealand-based financial technology company that helps e-commerce players target Chinese consumers, has raised NZ$4.1 million ($3 million) from a group of investors including Singapore’s Jubilee Capital.
iSigma exits Japan's Sweet Style
ISigma, a mid-size buyout firm controlled by trading and investment conglomerate Marubeni, has exited its 100% stake in Japanese food and beverage company Sweet Style to Mitsuuroko Group.