e-commerce
Hong Kong e-commerce tracking start-up secures $66m
AfterShip, a Hong Kong-based e-commerce tracking service provider, has raised a $66 million Series B led by Tiger Global Management. GL Ventures also took part.
China e-commerce enabler Xingyun raises $600m - update
China’s Xingyun Group, a digital supply chain provider for cross-border e-commerce, has raised $600 million in the second tranche of Series C round led by Yunfeng Capital, HI Transformational Fund, and Crescent Point.
Indonesia's Shipper gets $63m Series B
Indonesian logistics start-up Shipper has raised a $63 million Series B round led by DST Global and Sequoia Capital India.
Indonesia e-commerce platform Orami sold to local strategic
Orami, an Indonesian mother-and-baby-focused e-commerce platform backed by numerous venture capital investors, has been acquired by Sirclo, a local e-commerce enabler. Financial details were not disclosed.
China grocery platform Dingdong Maicai raises $700m
DST Global and Coatue Management have led a $700 million Series D for China-based online fresh produce delivery business Dingdong Maicai. Existing investors including CMC Group re-upped.
Vision Fund leads $300m round for India's Meesho
SoftBank Vision Fund 2 has led a $300 million round for Meesho, India’s leading social e-commerce start-up, at a valuation of $2.1 billion.
Alibaba, DST lead Series D for China's Nice Tuan
Alibaba Group and DST Global have led a $750 million Series D round for Shihuituan, a China-based community group buying platform also known as Nice Tuan.
Deal focus: IvyCap’s timely 22x windfall
With the launch of its third fund a few weeks away, IvyCap Ventures leveraged strong investor interest in beauty e-commerce player Purplle to secure one of India’s largest rupee VC exits
CDC doubles down on India's Ecom Express
UK development finance institution CDC Group has invested $20 million in Indian e-commerce player Ecom Express. It follows a $36 million investment from CDC last year.
Indonesia's Sicepat secures $170m Series B
Indonesian logistics start-up Sicepat has raised a $170 million Series B round from investors including Temasek Holdings’ growth-stage PE unit Pavilion Capital.
Hillhouse launches China sports retail JV with US-based Fanatics
Hillhouse Capital has established a China joint venture with Fanatics, a US-based sports retailer that specializes in licensed sports apparel.
Blackbird, King River lead Series B for Australia's Lexer
Blackbird Ventures and King River Capital have led a A$33.5 million ($26 million) Series B investment in Australian retail industry data services provider Lexer.
CDH leads $108m Series B for China baby care brand
Babycare, a Chinese baby products brand, has raised RMB700 million ($108 million) in Series B funding led by CDH Investments. Sequoia Capital China and Huaxing Growth Capital also participated.
Longreach sells Japanese jeweler to Integral
The Longreach Group has exited Primo Japan to Integral Corporation for an undisclosed sum. This makes Integral the jewelry retailer’s fourth consecutive private equity owner.
SoftBank Ventures backs Japanese sneaker marketplace
SoftBank Ventures Asia has led a JPY2.2 billion ($21.2 million) Series B round for Japan’s Soda, operator of the online sneaker marketplace Snrk Dunk.
Hidden Hill leads $110m round for China's Baibu
Chinese B2B fabrics trading platform Baibu has raised $110 million in an extended Series D round led by Hidden Hill Capital, the private equity platform of logistics giant GLP.
India B2B marketplace Udaan raises $280m
Udaan, an India-based B2B marketplace, has raised $280 million from an investor group that includes existing backers Lightspeed Venture Partners, Tencent Holdings, DST Global, GGV Capital, and Altimeter Capital.
Partners Group invests $250m in India's Ecom Express
Partners Group has committed at least $250 million to Indian door-to-door delivery specialist Ecom Express, facilitating a partial exit for controlling shareholder Warburg Pincus.
China's Yonghui gets $153m for fresh produce spin-out
Tencent Holdings and CICC Capital have led a RMB1 billion ($153 million) round for Caishixian, a B2B supply chain platform incubated by Yonghui Superstores, a leading Chinese supermarket chain.
Government funds back Chinese online grocer Miss Fresh
Chinese online grocer Miss Fresh has raised RMB2 billion ($305 million) from three Qingdao government-related funds to support expansion in the city on China's eastern seaboard.
China retail SaaS provider Huice secures $100m Series C
Huice, a China-based provider of software for retailers, has raised nearly $100 million in Series C funding led by Singapore’s GIC. GL Ventures, Legend Capital and SoftBank Ventures Asia also participated in the round.
Anacacia makes another Australia e-commerce play
Australia’s Anacacia Capital has made its second foray into e-commerce in a fortnight with the acquisition of a majority interest in Mwave, an online video gaming and PC hardware retailer.
Deal focus: Cashfree targets merchants in India’s payments boom
Apis Partners' support of India-based Cashfree is driven by a recognition that the democratization of digital payments is as much about empowering traditional merchants as unbanked consumers
China's Suning raises $912m for e-commerce services arm
Yunwang Wandian, the e-commerce services arm of Suning.com, one of China’s largest retailers, has raised a RMB6 billion ($912 million) Series A round led by Shenzhen Capital Group.