e-commerce
General Atlantic leads Series C for Philippines-based Kumu
General Atlantic has led a Series C round of undisclosed size for Philippines-based social media start-up Kumu, bringing total funding to date to $100 million.
China MRO player Ruigu gets $250m Series D
Ruigu, a China-based industrial supplies platform that serves small and medium-sized enterprises (SMEs), has raised $250 million in Series D funding led by Primavera Capital Group.
Norwest invests $60m in India mattress brand
Silicon Valley-based Norwest Venture Partners has invested $60 million in Indian mattress brand Duroflex.
Q&A: Glow Capital Partners' Justin Ryan
Having teamed up with the founder of Adore Beauty to launch Glow Capital Partners, Justin Ryan discusses life after Quadrant Private Equity, growth-stage investment in Australia, and gender balance
Indonesian e-commerce marketplace Ula raises $87m
Ula, a leading B2B e-commerce marketplace in Indonesia, has raised $87 million in a Series B round co-led by Prosus Ventures, Tencent Holdings and B Capital Group.
India's Meesho sees valuation double in five months
Indian social e-commerce start-up Meesho has raised a $570 million Series F round, doubling its valuation in less than five months to $4.9 billion.
Ex-Quadrant executive launches consumer-tech PE firm
Justin Ryan, who previously led Quadrant Private Equity’s growth capital strategy, has established a private equity firm that will back e-commerce platforms and consumer brands in Australia and New Zealand.
Lee Fixel's Addition backs India-based Delhivery
Addition, a private equity firm established by Lee Fixel, who was previously involved in many of Tiger Global Management’s early India deals, has invested $125 million in local e-commerce logistics provider Delhivery.
Singapore's Ninja Van raises $578m Series E
Singapore-based last-mile delivery start-up Ninja Van has raised a $578 million Series E round featuring Alibaba Group.
India's Cars24 closes Series F, sees valuation double
Indian used car platform Cars24 has closed a $450 million Series F round and received $110 million in debt funding. It nearly doubles the company’s valuation to $1.84 billion.
STIC leads $100m round for Carousell at $1.1b valuation
Korea’s STIC Investments has led a $100 million round for Carousell, a Singapore-based mobile classifieds marketplace for secondhand goods, at a valuation of $1.1 billion.
Deal focus: ShopUp champions the iron triangle
As a first mover in Bangladesh’s B2B e-commerce space, ShopUp moved quickly into services, logistics, and finance. This inadvertent super app now has $75 million in Series B funding to show for its efforts
East, Saratoga back Indonesia e-commerce player Sirclo
Sirclo, an Indonesia-based e-commerce enabler that acquired mother-and-baby-focused online retailer Orami earlier this year, has received $36 million in funding led by East Ventures and Saratoga Investama Sedaya (SIS), a listed vehicle with ties to Saratoga...
DST leads Series B for China cross-border brand Cider
Guangzhou-based cross-border fashion brand Cider has raised a $130 million Series B round led by DST Global with support from Greenoaks Capital and Andreessen Horowitz.
Bazaar secures Pakistan's largest-ever Series A round
Online B2B marketplace Bazaar has completed what it claims is Pakistan’s largest-ever Series A round with a $30 million commitment led by Wavemaker Partners and US-based Defy Partners.
Korea's Danggeun Market raises $162m at $2.7b valuation
DST Global has led a $162 million Series D round for Danggeun Market, operator of Korean flea market app Karrot, at a valuation of $2.7 billion.
Quadrant buys Australia sleepwear brand
Quadrant Private Equity has acquired Australian women’s sleepwear brand Papinelle for an undisclosed sum with plans for international expansion.
China's PatPat gets $160m in Series D extension
PatPat, a Chinese-founded children’s wear brand, has raised $160 million from Softbank Vision Fund in a Series D round extension.
NFTs: Spirits in an invisible world
The use of blockchain to create digital assets has evolved from the mass circulation of ethereal, volatile, and interchangeable tokens into something that feels much more real
Affinity backs Singapore financial SaaS platform
Affinity Equity Partners has taken a joint controlling stake alongside management in Singapore-based technology-enabled financial services provider M-Daq, following an investment of approximately S$200 million ($148 million).
PE-backed Policybazaar, Nykaa file for India IPOs
Insurance portal PolicyBazaar and online-offline cosmetics retailer Nykaa are the latest PE-backed businesses to file for India IPOs in a groundswell domestic public market support for tech start-ups.
Japan sneaker marketplace raises $56m
SoftBank Ventures Asia has led a JPY6.2 billion ($56.4 million) Series C round for Japanese sneaker marketplace and e-commerce start-up Soda.
Indonesia grocery platform HappyFresh closes $65m Series D
Indonesia-based grocery platform HappyFresh has closed a $65 million Series D round led by Korean internet giant Naver and Netherlands-based investor Gafina.
Carlyle leads $100m Series D for Chinese lingerie brand
Chinese lingerie brand Neiwai has raised a $100 million Series D round led by The Carlyle Group. Vertex Ventures China and Qiming Venture Partners re-upped.