Logistics
China logistics player Yimidida raises $140m
Yimidida, a Chinese logistics platform has raised RMB1 billion ($140 million) in an extended tranche of Series D funding. The round took place in parallel with the firm’s acquisition of Shanghai-based UC Express.
Next Capital buys stake in Australian supply chain specialist
Australia’s Next Capital has acquired a stake in local supply chain services provider TM Insight as the company executes an Asian expansion.
Tiger Global, Steadview lead Series B for LogiNext
India-focused route optimisation software firm LogiNext raised $39 million in a Series B round led by Tiger Global Management and Steadview Capital.
Navegar backs Philippines e-commerce enabler
Philippines private equity firm Navegar has invested $12 million in local online retail industry services provider Great Deals E-commerce.
India EV: On a roll
India’s electric vehicle space is nascent but growing rapidly on the back of a concerted policy push. Investors see enormous potential, especially in the world’s largest two-wheeler segment
Centurium backs China logistics player
Centurium Capital has invested $300 million in ANE Logistics, one of the largest LTL (Less-than-truckload) operators in China.
Indonesia's Waresix lifts Series A to $25.5m
Indonesia trucking and warehousing platform operator Waresix has closed an extended Series A round at $25.5 million following new contributions from EV Growth and Jungle Ventures.
Goldman Sachs, SK back Korea cold chain play
Goldman Sachs and SK Group have committed a combined KRW50 billion ($43 million) to a Korean expansion by cold chain logistics operator Belstar Superfreeze.
GIC, ESR team up on $500m China venture
ESR, an Asia Pacific-focused logistics real estate platform, has formed a joint venture with Singapore’s GIC Private with a view to investing $500 million in high-quality facilities in China.
Anacacia takes stake in Australia logistics business
Anacacia Capital has made an investment of unspecified size in Direct Couriers, a courier and logistics services provider that operates in Australia and New Zealand.
AIIB backs two energy, infrastructure funds
China-headquartered Asian Infrastructure Investment Bank (AIIB) is set to anchor two private equity funds, including an energy-focused vehicle, with a total commitment of $125 million.
Chinese digital logistics player secures $14m Series A
Kalihulian - a China-based digital logistics platform that offers an Uber-style service for cargo freight - has raised RMB100 million ($14 million) in Series A funding led by Sino-Ocean Capital, an investment arm of property developer Sino-Ocean Group.
India's Shadowfax receives $60m Series D
Indian last-mile delivery and logistics start-up Shadowfax has raised $60 million in Series D funding from a group including Eight Roads Ventures and Qualcomm Ventures.
CPPIB commits $600m to state-backed Indian infrastructure fund
Canada Pension Plan Investment Board (CPPIB) has agreed to invest up to $600 million in NIIF Master Fund, a rupee-denominated infrastructure vehicle anchored by the Indian government.
Portfolio: Warburg Pincus and ESR
ESR, an Asia-focused warehousing platform seeded by Warburg Pincus, stole a march on its rivals by tapping into the rise of e-commerce in China. It is now looking to stay ahead of the curve
Prologis launches $1.7b China logistics fund
US-based logistics and supply chain investor Prologis has established a $1.7 billion China fund as part of a broader country expansion.
GLP launches $2.1b China logistics fund
GLP, a private equity-owned warehouse operator based in Singapore, has set up a China logistics fund at RMB15 billion ($2.1 billion).
Maritime start-up accelerator launched in Singapore
US-based accelerator business Techstars and Singaporean logistics giant Eastern Pacific Shipping have teamed up for a maritime start-up accelerator in Singapore.
Chinese GPs back $120m Series B for OPay
A group of Chinese investors including Gaorong Capital and Sequoia Capital China have joined a $120 million Series B round for Nigerian logistics and payments technology company Opay.
Alibaba invests $3.3b in logistics affiliate Cainiao
Alibaba Group has enlarged a controlling stake in its PE-backed shipping affiliate Cainiao Smart Logistics Network with a $3.3 billion investment.
Hillhouse, Crystal Stream invest African logistics start-up
Lori Systems, one of Africa’s largest logistics coordination platforms, has raised almost $30 million in a Series A round led by Hillhouse Capital and Crystal Stream Capital.
Eastern Bell closes first US dollar fund at $365m
China’s Eastern Bell Capital has closed its first US dollar-denominated fund at $365 million, exceeding the target of $350 million.
ESR raises $1.6b in up-sized HK IPO, gains on debut
Pan-Asian logistics and fund management platform ESR gained 5.4% on its first day of trading in Hong Kong after completing Asia's second-largest IPO of the year.
Naspers VC unit backs India's ElasticRun
Prosus Ventures, a VC unit of South African internet conglomerate Naspers, has led a $40 million investment in Indian logistics technology developer ElasticRun.