Consumer
Permira reaches $6.9b first close on latest global fund
Permira has achieved a first close for its sixth global buyout fund, with about EUR6.3 billion ($6.9 billion) in commitments.
Beenext, Digital Garage lead Series B for India’s Droom
Droom, an Indian used automobiles trading marketplace, has raised about INR2 billion ($30 million) in a Series B round of funding led by Singapore-based early stage investor Beenext and Japanese incubator Digital Garage.
Chengwei backs China electronics recycling platform
China-focused Chengwei Capital has led a Series A round of funding worth about RMB100 million ($15 million) for Huishoubao, a Chinese electronic devices recycling platform.
China online grocer Benlai raises extended Series C round
Benlai.com, a Chinese B2C-focused online grocery supplier, has raised an extended Series C round of funding worth $17 million.
Vision Knight leads $153m round for China’s Weidai
Vision Knight Capital has led a $1 billion ($153 million) Series C round of funding for Weidai, a Chinese peer-to-peer (P2P) lending platform that specializes on providing auto loans.
ClearVue commits $30m to Shanghai juice maker
China consumer-focused GP ClearVue Partners has invested $30 million in CHIC Fresh, a Shanghai-based high pressure processing (HPP) juice maker.
China TCM clinic chain Gu Sheng Tang raises $70m
Gu Sheng Tang, a traditional Chinese medicine (TCM) clinic chain, has raised $70 million in a Series C round led by US-based insurance firm Starr Companies, followed by China Ping An Insurance.
Warburg Pincus backs Chinese private hospital chain UIB
Warburg Pincus has invested an undisclosed sum in UIB, a Shanghai-based hospital chain that focuses on obstetrics, gynecology and pediatrics.
SBCVC, New Horizon lead $119m round for China fashion site
SBCVC and New Horizon Capital have led a RMB1 billion ($119 million) Series C round for Chuchujie, a Chinese mobile e-commerce platform.
Online retailer Farfetch raises $110m for Asia expansion
Farfetch, a UK-based high-end online fashion retailer, has raised a $110 million Series F round led by new investors Temasek Holdings, China-based IDG Capital Partners and French investment firm Eurazeo.
China online flower seller Roseonly raises $31m
Roseonly, a Chinese start-up that specializes in selling rose bouquets online, has raised RMB190 million ($31 million) in a Series C round of funding led by Genesis Capital.
China discounted e-commerce site Juanpi raises $93m
Juanpi.com, a Chinese online platform selling discounted consumer products, has raised a RMB600 million ($93 million) Series C round of funding co-led by Tiantu Capital and China Merchant Bank International.
China’s Ucar raises $569m, files for NEEQ listing
Chinese chauffeured car service provider Ucar has raised RMB3.68 billion ($569 million) from domestic investors including Yunfeng Capital ahead of a proposed listing on the National Equities Exchange and Quotation (NEEQ).
Alibaba invests $1.25b in food delivery platform Ele.me
Chinese e-commerce giant Alibaba Group and its online finance affiliate Ant Financial Services Group have invested $1.25 billion in Ele.me, a VC-backed online food-ordering platform.
Orchid Asia, Eastern Bell in Series B for China’s Weimeizi
Orchid Asia Group and Eastern Bell Ventures have provided a Series B round of funding for Weimeizi, a Chinese personal care products manufacturer.
JD Finance invests in VC-backed Meili Jinrong
JD Finance, the financial subsidiary of Chinese online retailer JD.com, has invested an undisclosed sum in Meili Jinrong, a peer-to-peer (P2P) online lending platform with a focus on consumer finance. Both companies are backed by several VC investors.
KKR to sell majority stake in SMCP to China’s Shandong Ruyi
Chinese textiles producer Shandong Ruyi Technology Group has agreed to acquire a controlling stake in SMCP Group, a French apparel retailer backed by KKR.
China used car trading platform Guazi.com raises $205m
Guazi.com, a Chinese C2C second-hand car trading platform, has completed a $205 million round of funding from several international investors.
Ameba leads $46m round for China rural e-commerce site
Ameba Capital has led a RMB300 million ($46 million) Series A round of funding for Taoshihui, a Chinese rural e-commerce platform that helps farmers make purchases online.
China’s Travelzen raises $93m, plans for onshore exit
Travelzen.com, a Chinese B2B online travel platform, has raised a RMB600 million ($93 billion) Series C round from a group of domestic GPs, having removed its variable interest entity (VIE) structures in preparation for an onshore exit.
China B2B online liquor retailer Yi Jiu Pi raises $30m
Yi Jiu Pi, a Chinese B2B online liquor retailer, has raised an extended Series B round worth RMB200 million ($30 million) co-led by domestic GPs Yuan Sheng Ventures and Eastern Bell Venture Capital.
Gaja targets mix of majority, minority India deals
One of the first two investments from Gaja Capital's recently closed third fund is a control transaction and Gopal Jain, the firm's managing partner, expects more of the same as the Indian economy matures.
PE investors to exit China's Happigo Home Shopping
Hony Capital, CITIC Private Equity and Sequoia Capital are set to exit Happigo Home Shopping, a Shenzhen-listed online and TV shopping subsidiary of Hunan TV.
CDH exits Beijing Digital Telecom
CDH Investments has made a full exit from Hong Kong-listed Beijing Digital Telecom (BDT), one of China’s largest mobile retail chains, raising HK$366.93 million ($47 million).