The weekend readings of the sea people

Editor’s note: The weekly report of the venture capital is a fixed column of the sea (ID: wow36krchuhai), which is a hot spot for the readers of the venture. We have compiled the Top 5 news, boutique articles and investment and financing events that are most noteworthy this week.

This week’s sea news Top 5

Cross-border e-commerce platform Club Factory completed $100 million in Series D financing. It was learned that Club Factory, a cross-border e-commerce platform, officially announced that the team completed a $100 million D-round financing in early 2019. The current round of financing includes several companies such as Qiming Venture Capital. Internal and external funds, the old shareholder BAI (Betasman Asia Investment Fund) and Fengrui Capital oversubscribed. Founder Li Jialun said that the biggest change in Club Factory this year was the launch of the local e-commerce platform business, which has achieved more than 10 times growth in its local Indian seller business in the past six months.

Tencent and Naspers plan to pay for India’s unicorn Pine Labs to acquire its shares. According to DealStreetAsia, Pine Labs will have a valuation of $1.5 billion if the deal is completed. It is reported that the company was founded in 1998 and is a cloud technology-based POS solution provider. In addition, there is news that existing investors in the company may also participate in current financing. It is reported that existing investors in Pine Labs include Temasek, PayPal, Sequoia India, Altimeter Capital, Actis and Madison India.

Softbank led the Brazilian intercity bus online booking platform Buser’s new round of financing, the specific amount was not disclosed. According to Reuters, in addition to Softbank, Brazilian media group Grupo Globo and existing investors Canary, Valor Capital and Monashees also participated in this round of financing from Buser. According to the report, Softbank is paying more and more attention to enterprises in the field of mobile travel. It is reported that Softbank now holds shares in companies such as Uber, Didi Travel, Grab and Rappi.

Redwood India supports the “Singapore version freely” Hmlet enters Japan and works with Mitsubishi Estate Co.) Cooperation. According to e27, Mitsubishi Estate is one of the largest real estate developers in Japan and an investor in Hmlet B round financing. It is reported that Hmlet and Mitsubishi Estate will jointly invest US$25 million for business expansion in the Japanese market in the next three years.

Indonesia e-commerce unicorn Bukalapak works with Google to promote the development of kiosk (kiosk) registered on the former platform. According to the English station KrASIA, Bukalapak announced a partnership with Google My Business. The collaboration will enable 95,000 kiosks registered on the Bukalapak platform to appear in Google search results, including Google Maps. This partnership not only enables Internet users to find the location of the nearest kiosk, but also increases the volume of kiosk transactions.

Exhibition of high-quality articles

New Love? Old love? What startups have Softbank hitting in Brazil in 2019?

Softbank’s appetite for Latin America’s technology is no longer a miracle. As early as March of this year, Softbank launched a $5 billion innovation fund that promises to invest in startups in Latin America. The Brazilian unicorn company has occupied half of the Latin American market. Let’s take a look at which startups Softbank has shocked in Brazil?

Sniper Latin America next unicorn!

Since 2018, unicorn companies in Latin America have emerged, and the “Unicorn Club” has begun to take shape. Private equity funds are constantly moving, and the amount of financing has repeatedly broken records. Who is the next star player?

The following are investment and financing events worthy of attention this week

Southeast Asia

Singapore sovereign wealth fund GIC’s joint venture spent $249 million to acquire four hotels in the United States. According to DealStreetAsia, GIC and NYSE-listed real estate investment trust Summit Hotel Properties set up a joint venture for the acquisition of US hotelsenterprise. It is reported that the acquisition of four hotels in the United States is the first group of transactions of the joint venture. In addition, the joint venture is expected to invest approximately $23 million in the four hotels mentioned above in the fourth quarter of 2019.

Temasek plans to invest in “Aspiring Unicorns” in financial technology, B2B and health care in Southeast Asia. According to DealStreetAsia, Temasek said that Aspiring Unicorns is often defined as a startup with a valuation between $100 million and $1 billion. It is reported that Temasek has invested in three Aspiring Unicorns: Sociolla, ONE Championship and Zilingo in the past year.

Vietnamese venture capital VinaCapital led the country’s plastic packaging and container manufacturer Ngoc Nghia with $21.4 million in financing. According to DealStreetAsia, VinaCapital said it will invest $17 million in Ngoc Nghia. It is reported that Ngoc Nghia was established in 1993 and has been providing catering services to food and beverage brands and manufacturers of home and personal care products such as Unilever, Coca-Cola, Pepsi and Vinamilk.


India hotel startup OYO plans to raise $1.5 billion and value it at $10 billion. According to Tencent Technology, foreign media said that Indian hotel chain OYO Hotels & Homes is raising $1.5 billion from its founders, Softbank Group and other investors, while expanding to foreign markets such as the US and Europe. .

Microsoft or acquires up to 15% of the shares of private banks in India. According to Tencent Technology, foreign media said that Indian private bank Yes Bank is negotiating with Microsoft and two other technology companies, hoping to introduce a strategic shareholder for raising new capital. The bank’s share price rose 9% after the opening bell and rose 4% in early trading. The report quoted two people familiar with the matter. The negotiations began three weeks ago and may sell up to 15% of the shares by issuing new shares.

WeWork negotiated a break with the Bank of India and renewed $200 million in financing. According to Sina Technology Report, foreign media said that Jitu Virwani, the shareholder of WeWork India, a shared office space company, said today that after the cancellation of the IPO plan, WeWork and local banks in IndiaICICI Bank’s $100 million financing negotiations have broken down. To this end, WeWork is seeking to raise $200 million from other investors.

Inventus Capital Partners, an early venture capital firm in India, announced that its third fund had completed fundraising and raised a total of $51.98 million. According to Inc42, the fund raised a total of $39 million when it ended its fundraising in July 2018. It is reported that the third fund will make a total of about 15 investments.

Social E-Commerce Startup DealShare announced the completion of a $11 million Series A round of financing. According to YourStory, this round of financing was jointly led by Jingwei Ventures India and Falcon Edge Capital, including DST Global, Omidyar Network India and other angel investors. The company announced that the financing will be used to expand the business, develop AI solutions and develop local logistics networks.


On-demand domestic service company SweepSouth completed $3.95 million in financing. According to DisruptAfrica, SweepSouth, which went live in 2014, now covers seven cities in South Africa. In June, the company received a $2.1 million investment from Naspers Foundry and a $1 million investment from Michael & Susan Dell Foudation.

Latin America

Brazil light food delivery platform Liv Up completed $22 million in financing. According to Contxto, this round of financing was led by ThornTree Capital Parnters and was attended by KaszeK Ventures, Spectra and Endeavor Catalyst. In 2017, Liv Up also received an investment from Patrick Sigrist, founder of the Brazilian version of iFood, and Guilerme Bonifacio, CEO of the on-demand distribution platform Rapiddo.

Middle East

Duling online education platform Almentor raised $4.5 million in Series A financing.


Shiseido spent $845 million to acquire the American skincare brand Drunk Elephant. According to DealStreetAsia, Shiseido’s acquisition of the US “Net Red” skin care brand is aimed at attracting young American consumers. Last year, Shiseido repackaged the make-up series of the same name to appeal to the younger generation. The drunk icon was founded in 2012 and its products are known for their use of natural ingredients. According to Shiseido, the company is expected to achieve sales of more than $100 million by 2019.

XTransfer, a Chinese cross-border payment company, completed a $15 million B1 round of financing. It was learned that this round of financing was led by the eco-fund eWTP invested by Ali and Ant Financial, China Merchants Venture Capital, Zero Venture Capital, Yunqi Capital and Gaochun Capital Co., Ltd., and Shallow Capital as the exclusive financial advisor. . It is reported that XTransfer raised $10 million in the A round of financing in 2018.

Going to the sea

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编 | Zhao Xiaochun@出海

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Sports Weekly Report | Tencent and Naspers invest in India to pay for Unicorn Pine Labs; China's cross-border e-commerce Club Factory has completed $100 million in financing

Sports Weekly Report | Tencent and Naspers invest in India to pay for Unicorn Pine Labs; China's cross-border e-commerce Club Factory has completed $100 million in financing