Consumer
Indonesia VC: Lucrative clicks
E-commerce has emerged as the star of Indonesia’s expanding start-up space. Early-stage investors are scrambling to fill their shopping carts, but you have to pick the right spots and deploy the right resources
TPG eyes quick return from Inghams property sale
TPG Capital is planning to sell a portfolio of real estate assets held by Inghams Enterprises that could more than cover the equity commitment it made when buying the Australian poultry producer last year.
Tencent to buy 15% stake in JD.com ahead of IPO
Tencent Holdings has agreed to take a 15% stake in JD.com, China’s second-largest B2C e-commerce platform - which is backed by several venture capital and private equity firms - for $214.7 million.
Carlyle to invest $40.9m in India clothing brand Mufti - report
The Carlyle Group is to invest INR2.5 billion ($40.9 million) in Credo Brands Marketing, the company behind Indian casual wear brand Mufit.
VCs keep the faith in Snapdeal
Saama Capital was one of a group of VCs that backed Indian online jewelry store Bluestone.com in early 2012. It is a vertical play in the country's e-commerce industry - targeting a particular market segment - and this might ordinarily have been a turn...
CVC completes $215m sell down of Indonesia's Matahari
CVC Capital Partners has raised IDR2.49 trillion ($215 million) by trimming its stake in Indonesian retailer Matahari Department Store. This follows a $1.3 billion share sale last year by the PE firm and its local partner, the Riady family’s Lippo Group.
Fosun invests $325m in Beijing Sanyuan Foods
Chinese conglomerate Fosun International has acquired a 20.45% stake in Beijing Sanyuan Foods, a dairy products producer, for RMB$2 billion ($325 million).
China’s online pet store Boqii raises $25m Series B round
Boqii.com, a Chinese social network and e-commerce platform for pet owners, has secured $25 million in Series B funding from an undisclosed US-based investment firm, with participation from existing backer Goldman Sachs.
Nissay Capital invests $1.9m in Japan home renovation site
Nissay Capital has invested JPY200 million ($1.9 million) in Sekaie, the Japanese e-commerce start-up behind home renovation services website Rinoko.
ASK Pravi takes minority stake in Indian kidswear brand
India mid-market private equity firm ASK Pravi Capital Advisors has invested INR500 million ($8 million) in children's clothing manufacturer Indian Clothing League.
SCPE-backed Sunfonda Group launches Hong Kong public offering
Sunfonda Group Holdings, the second largest luxury auto dealer in China - and a Standard Chartered Private Equity (SCPE) portfolio company - plans to raise up to HK$683 million ($88 million) through a Hong Kong IPO.
VC-backed Food Runner buys Philippines' City Delivery
Food Runner, a Singapore-based food delivery company backed by Digital Media Partners, has acquired Philippines counterpart City Delivery.
Hony, Orix-backed theme park operator targets $345m HK IPO
Haichang Holdings, a Chinese theme park and property developer backed by Hony Capital and Orix Corp, is seeking to raise up to HK$2.68 billion ($345 million) through a Hong Kong IPO.
EBay leads $134m round for Indian online marketplace Snapdeal
Indian online marketplace Snapdeal has raised a new round of funding worth $133.8 million led by eBay. It comes less than a year after the US e-commerce giant led a $50 million Series C round for the company.
Tencent buys 20% stake in VC-backed Dianping
Tencent Holdings has paid an undisclosed sum for a 20% stake in Dianping, a VC-backed online listings provider best known as one of China’s most popular sites for restaurant reviews. The deal comes as China’s internet giants continue to broaden their...
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).
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...
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.
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.