Consumer
SingPost buys US e-commerce player from PE backer
Singapore Post (SingPost) has bought US-based online commerce provider TradeGlobal from its private equity backer Bregal Sagemount for $169 million.
IndEU to close debut India fund at $70m
IndEU Capital, a France-based private equity firm, will close its debut India-focused fund at $70 million before the end of the year.
China outbound travel site Qulv.com raises $20m
Qulv.com, a Chinese outbound travel-focused platform, has raised a $20 million Series A round of funding from domestic GP Yuantai Changqing Fund.
Cassia leads $5.5m Series A round for Vietnam's KAfé Group
Cassia Investments has led a $5.5 million Series A round for KAfé Group, a Vietnamese café chain operator, with participation by existing investor New Asia Partners (NAP).
Malaysia's Hermo raises $2m Series A led by Gobi
Shanghai-based VC firm Gobi Partners has led a $2 million Series A round of funding for Hermo, a Malaysian cross-border cosmetics e-commerce platform.
IFC to invest $25m in India's BigBasket
The International Finance Corporation (IFC), the investment arm of the World Bank, will commit $25 million to Indian online grocer BigBasket.
Deal focus: Dianping-Meituan war reaches logical conclusion
Following the announced merger of Dianping and Meituan, further consolidation is expected in China's online-to-offline (O2O) services market
KKR, Alibaba, Ping An commit $300m to 58.com's O2O unit
KKR, Alibaba Group and Ping An Group have agreed to provide $300 million in Series A funding to 58 Daojia, the online-to-offline (O2O) local services platform of US-listed Chinese classifieds site 58.com.
Fund focus: Lighthouse bets on consumer sophistication
India-focused Lighthouse Funds is looking to capitalize on consumers' concern for practical needs and their desire to build better lives for their families
Aion invests $90m in India's Varun Beverages
Aion Capital has invested INR6 billion ($90 million) in India's Varun Beverages (VBL), a major drinks manufacturer and bottler for PepsiCo in South Asia.
PE-backed Giant to re-list in Shenzhen via reverse merger
Chinese online game developer Giant Interactive Group, which was taken private last year by a consortium of PE investors in conjunction with the company’s CEO, is seeking to re-list in Shenzhen through a reverse merger.
Sequoia, Kalaari commit $10m to India's Grabhouse
Sequoia Capital and Kalaari Capital have committed $10 million in Series B funding to Indian start-up Cryptopy Technologies, the developer of rental property listing platform Grabhouse.
China internet players Dianping, Meituan agree merger
Rival Chinese online-to-offline (O2O) services platforms Dianping and Meituan – both of which have received substantial private equity and strategic funding – have agreed to merge. It is thought the combined entity would be worth at least $15 billion.
India’s Lighthouse reaches $138m final close on Fund II
Lighthouse Funds has reached a final close on its second Indian mid-market focused fund at $138 million, well above the $125 million target.
Motilal Oswal commits $13.8m to India's Kurlon
Motilal Oswal Private Equity (MOPE) has invested INR900 million ($13.8 million) in Indian mattress maker Kurlon Enterprise.
Convergence, Golden Gate in Series A for Singapore's MoneySmart
Singapore-based personal finance portal MoneySmart has raised S$2.8 million ($2 million) in a Series A round led by Singapore Press Holdings (SPH) Media Fund, with participation by Convergence Ventures, OPT SEA and Golden Gate Ventures.
Deal focus: Monde Nissin develops a taste for Quorn
Monde Nissin's acquisition of Quorn Foods from Exponent Private Equity reflects the growing interest among Philippines conglomerates for overseas assets
Philippines private equity: Please be patient
Investors are flocking to the Philippines, but PE firms should invest time in building relationships with family-owned businesses and the government must deliver reforms if the country is to fulfil its potential
Peepul Capital commits $15m to Indian online jeweler Voylla
Peepul Capital has committed $15 million to Indian online jewelry and accessory retailer Voylla.
Gaja Capital invests $10m in India's SportzVillage
Gaja Capital has committed INR650 million ($10 million) to Indian fitness education start-up Junior Sports and Services, which manages the SportzVillage brand.
Philippines' Monde Nissin to buy Quorn Foods from PE owners
Philippines food conglomerate Monde Nissin has agreed to buy Quorn Foods from UK-focused GP Exponent Private Equity and Intermediate Capital Group (IGC) at an enterprise valuation of GBP550 million ($835 million).
India's Quick Heal, Parag Milk Foods file for IPOs
Indian security software developer Quick Heal Technologies and dairy firm Parag Milk Foods have filed for IPOs, seeking INR2.5 billion ($38 million) and INR3.25 billion, respectively. Parag has also raised an additional INR600 million from existing backer...
Singapore's MediaCorp in media-for-equity deal with VC-backed skincare brand
Singapore media conglomerate MediaCorp will take an equity stake in VC-backed French skincare brand Crème Simon in return for providing the company with advertising services.
Deal focus: CDC backs frontier e-commerce strategy
Daraz gets $55 million to build out its online retail marketplace in Pakistan, Bangladesh and Myanmar