Logistics
Invesco leads $700m round for India’s Swiggy
Invesco has led a USD 700m round for India-based on-demand delivery platform Swiggy at a reported valuation of USD 10.5bn.
GLP launches $1.1bn Vietnam logistics fund
GLP, a regional logistics platform that makes private equity investments in ancillary businesses and technologies, has launched its debut Vietnam fund with USD 1.1bn in commitments.
China's Dishangtie Car Rental raises $200m
Dishangtie Car Rental, a Shenzhen-based electric vehicle (EV) rental service, has raised a USD 200m Series D round across two tranches featuring CICC Capital.
Fund focus: Eastern Bell targets digitalisation
As a supply chain specialist, Eastern Bell Capital claims to have a differentiated take on China industrial digitalisation. It has USD 800m in dry powder to prove this thesis
India delivery business Dunzo raises $240m
Reliance Retail Ventures has contributed USD 200m to a USD 240m round for Indian last-mile delivery start-up Dunzo, taking a 25.8% stake.
Eastern Bell raises $2b across US dollar, renminbi funds
Eastern Bell Capital has closed its second US dollar-denominated fund and its sixth renminbi-denominated fund with aggregate commitments of more than CNY 13bn (USD 2bn).
Flipkart, Walmart invest $145m in India's Ninjacart
Walmart and Flipkart, its Indian e-commerce platform, have doubled down on local fresh produce delivery company Ninjacart with a 145 million investment.
India's Shiprocket gets $185m Series E
Indian logistics aggregator Shiprocket has raised $185 million in Series E funding led by Lightrock India, Temasek Holdings, and Zomato.
Jardine Matheson leads $37m round for Hong Kong's Pickupp
Jardine Matheson has led a $37 million Series B round for Hong Kong-based package delivery start-up Pickupp.
Portfolio: Dymon Asia and AMES
For all the hubbub about digital businesses taking flight during the pandemic, few categories saw as much upside as traditional medical waste disposal. Dymon Asia Private Equity is enjoying the ride
Centurium invests $100m in China caterer Meican
Centurium Capital has provided a $100 million Series E round for Meican, a Chinese corporate food services company.
East backs Singapore food surplus marketplace
East Ventures and Amasia have jointly led an $11 million Series A round for Singapore’s TreeDots, a company that describes itself as Asia’s first food surplus marketplace.
Singapore's Quest Ventures launches maritime tech fund
Singapore’s Quest Ventures and ShipsFocus, a specialized start-up services studio, have achieved a first close of S$10 million ($7.5 million) on a maritime technology fund.
PE-backed Delhivery files for India IPO
India-based e-commerce logistics provider Delhivery is looking to raise up to INR74.6 billion ($1 billion) through a domestic IPO that would facilitate partial exits for The Carlyle Group, Fosun Group, SoftBank Vision Fund 1, and Times Internet.
Logistics: Machinery machinations
As private equity goes deeper downstream in the e-commerce supply chain, technology has emerged as a prerequisite and stumbling block
India grocery delivery player Zepto raises $60m
Zepto, an Indian grocery app that claims to deliver food in 10 minutes, has raised $60 million in its first institutional funding round with US-based Glade Brook Capital taking the lead.
India logistics provider Porter gets $100m Series E
Porter, which claims to operate India’s largest marketplace for intracity logistics, has raised an INR7.5 billion ($100 million) Series E round featuring Tiger Global Management.
Sofina, Lightrock lead $115m round for India's DeHaat
Sofina and Lightrock India have led a $115 million Series D round for Indian agricultural technology provider DeHaat. It is described as the country's largest-ever agtech round.
China flying vehicle developer HT Aero raises $500m
HT Aero, an urban air mobility (UAM) company affiliated with Chinese electric vehicle manufacturer Xpeng, has raised a $500 million Series A round led by Xpeng, IDG Capital, and 5Y Capital.
Singapore drone services player gets $26m Series B
H3 Dynamics, a Singapore-based autonomous drone data services and hydrogen air logistics start-up, has raised a $26 million Series B round led by Japan’s Sparx Asset Management.
India's Licious secures $52m Series G
Licious, an India-based online retailer specializing in fresh meat and seafood, claims to have become the country’s first direct-to-consumer (D2C) unicorn following a $52 million Series G round.
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.