Logistics
CDIB, Firstred, Huatai buy China cosmetics packaging business
CDIB Capital has teamed up with Firstred Capital and Huatai International Private Equity Fund to acquire 100% of Chinese cosmetics packaging company Yuga Holdings for an undisclosed sum.
PE-backed JD Logistics raises $3.2b in Hong Kong IPO
JD Logistics, a supply chain solutions and logistics provider that spun out from Chinese online retailer JD.com, gained 3.3% on its Hong Kong trading debut following a HK$24.6 billion ($3.2 billion) IPO.
China shipping tech platform Yunquna raises $100m
Yunquna, a China-based online logistics platform for the shipping industry, has raised $100 million in the first tranche of a Series D round. Its valuation now surpasses $1 billion.
India's FarEye raises $100m Series E
US-based VCs TCV and Dragoneer Investment Group have led a $100 million Series E round for FarEye, an Indian logistics software-as-a-service platform focused on Western markets.
Deal focus: New angle on logistics flourishes in China
China’s DST Car Rental has achieved a level of vertical integration unique among start-ups in electrified logistics. With the model proving itself at home, an overseas expansion awaits
China trucking player secures $200m Series E
For-U Smart Freight, a Chinese road freight logistics company, has raised a $200 million Series E round led by China Structural Reform Fund, China life Investment, and Greater Bay Area Homeland Investments.
Indonesia’s TaniHub secures $65.5m Series B
TaniHub, a platform that connects farmers with customers and other agriculture industry suppliers, has closed a $65.5 million Series B round led by MDI Ventures.
India's Moglix raises $120m Series E at $1b valuation
Indian B2B services player Moglix has raised a $120 million Series E round led by Falcon Edge Capital and Harvard Management Company at a valuation of $1 billion.
Asia Partners leads round for SE Asia e-commerce enabler
Asia Partners has led an approximately S$50 million ($37.4 million) round for Southeast Asia-focused cross-border e-commerce enabler SCI Ecommerce.
India MSME services provider ElasticRun raises $75m
Prosus Ventures and Avataar Ventures have led a $75 million Series D round for ElasticRun, an Indian retail services provider for the micro, small and medium-sized enterprise (MSME) segment.
Deal focus: Xingyun’s trade flow proposition
Having built its business on imports into China, e-commerce enabler Xingyun now wants to take Chinese brands global as well. For HI Transformational Fund, it represents a compelling inflection point
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.
Allegro to acquire Australia express delivery business
Australia-based turnaround investor Allegro Funds has agreed to buy Toll Global Express (TGS), the express delivery division of domestic logistics giant Toll Group.
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.
China's ZJS Express raises $153m
China-based logistics provider ZJS Express has raised a RMB1 billion ($153 million) Series B round led by Sino-Ocean Capital. Gaolin Capital and state-backed HighRun Capital also participated.
Falcon Edge backs India B2B platform OfBusiness
Falcon Edge Capital has led a $110 million growth round for India’s OfBusiness, a B2B platform for industrial sector services, at a post-money valuation of $800 million.
Prosus, TPG lead $350m round for India pharmacy player
Prosus Ventures and TPG Growth have co-led a $350 million Series E round for India’s API Holdings, best known as the parent of pharmacy portal PharmEasy.
Warburg Pincus, Hillhouse back China's JD Property
JD Property, the infrastructure property asset management arm of Chinese e-commerce giant JD.com, has raised a $700 million Series A round led by Warburg Pincus and Hillhouse Capital.
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.
Deal focus: ANE Logistics targets attractive middle
China’s less-than-truckload logistics market, which sits in between express couriers and big truck operators, is ripe for consolidation. GPs have identified their favored players
Tiger leads $100m Series C for India's Infra.Market
Tiger Global Management has led a $100 million Series C round for India’s Infra.Market, valuing the construction materials marketplace at $1 billion.
FountainVest buys China logistics business
FountainVest Partners has agreed to acquire a majority stake in China-based CJ Rokin Logistics from Korea’s CJ Logistics for KRW733.8 billion ($661.3 million).