Tag Archives: India

Flipkart raises $1.4 billion in a bid to go head-to-head with Amazon

Commentary

India’s largest ecommerce site Flipkart has recently closed a massive funding round of $1.4 billion from Microsoft, eBay, and Tencent. It has also acquired eBay India. According to sources, the new funds will be used to strengthen Flipkart’s firepower to tackle major players like Amazon and Alibaba. Talks are also rife that Flipkart is planning to merge with local rival Snapdeal, which is backed by Japan’s Softbank. If the merger between Flipkart and Snapdeal finally occurs, it will soon become a three-way fight between Amazon, Flipkart, and Paytm, which has Alibaba as its biggest stakeholder. India’s ecommerce market is the second largest in the world next to China, and projected to be worth $47 billion by 2020.

India’s FreeCharge Raises $33M Series B

Commentary

Consumers love getting free items and FreeCharge, India’s number one online recharge app, knows this all too well. What makes FreeCharge tick is their clever business model, rewarding users post purchase. The website allows prepaid mobile phone users to recharge their phones and pay utility bills online. The amount paid by the user is given back in the form of freebies and special offers from merchants like McDonalds, CCD, Costa Coffee and others. The site has become so popular in India that investors have now come to the party. In 2011, the company received seed funding from Sequoia Capital, followed by a Series A in 2012.

Today, FreeCharge raised $33M Series B funding again from Sequoia Capital, as well as Sofine and RuNet. Read about the story here.

Top Asia & Pacific Deals for August 2013

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $1,900,000,000 91 Wireless Baidu Mobile & Apps Acquisition
2 $865,000,000 AXIS Axiata Hardware & Infrastructure Acquisition
3 $810,000,000 Beidou China Hardware & Infrastructure Investment
4 $700,000,000 360Buy Ontario Teachers’ Retirement Fund, Kingdom Holdings Ecommerce Investment
5 $586,000,000 Sina Weibo Alibaba Media Investment
6 $448,000,000 Sogou Tencent Software and Services Investment
7 $370,000,000 PPS Baidu Software & Services Acquisition
8 $294,000,000 Autonavi Alibaba Hardware & Infrastructure Public Acquisition
9 $215,000,000 iSelect Undisclosed Media Public
10 $200,000,000 Flipkart Consortium Ecommerce Investment
11 $198,630,000 ISP Dodo M2 Telecommunications Hardware & Infrastructure Acquisition
12 $160,000,000 Nuomi Baidu Transactions Investment
13 $110,000,000 Directi Endurance International Ecommerce Acquisition
14 $100,000,000 Lazada Consortium Ecommerce Investment
15 $100,000,000 Zalora Consortium Ecommerce Investment
16 $79,000,000 LightInTheBox Undisclosed Ecommerce Public
17 $71,000,000 Montage Technology Undisclosed Hardware & Infrastructure Public
18 $60,000,000 Tuniu Temasek, DCM Transactions Investment
19 $57,000,000 Qunar Consortium Media Investment
20 $56,058,000 Adam Internet iiNet Hardware & Infrastructure Acquisition

More information

  1. Baidu Agrees To Buy Chinese Android App Distributor 91 Wireless For $1.9B (Techcrunch)
  2. Malaysia’s Axiata boosts Indonesia business with $865 million acquisition of AXIS (Tech In Asia)
  3. China Is Investing $810M In Beidou, A Navigation System It Hopes Will Eventually Rival GPS (Techcrunch)
  4. China’s 360Buy Unwraps Massive New Funding Round of $700 Million (Tech In Asia)
  5. Sina Weibo, China’s Equivalent of Facebook and Twitter, Gets $586M Investment From Alibaba (Techcrunch)
  6. Sogou Secured $448 million Investment from Tencent, will Merge Soso (Technode)
  7. Baidu Confirms $370M Purchase Of PPS, Underscoring Online Video’s Importance For Internet Companies Around The World (Techcrunch)
  8. Alibaba Explores Online Mapping, Takes Stake in Autonavi For $294 Million (Tech in Asia)
  9. iSelect raises A$215m in its ASX IPO at 24.5*CY13 NPAT, but drops 15.7% on Day 1 (Australian Technology Transactions)
  10. India E-Commerce Giant Flipkart Raises Another $200M From Existing Investors (Techcrunch)
  11. M2 Telecommunications acquires ISP Dodo for A$203.9m and junior telco Eftel for A$44.1m, 5*FY14 EBITDA (Australian Technology Transactions)
  12. Confirmed: Baidu acquires majority stake in Renren’s daily deals site for $160 million (Tech in Asia)
  13. Directi Acquired for $ 110 mn by Endurance International (NextBigWhat.com)
  14. Rocket Internet’s Lazada Lands $100M As It Seeks To Become The “Amazon Of Southeast Asia” (Techcrunch)
  15. Zalora, Rocket Internet’s SE Asian Zappos Clone, Raises $100M More From Summit, Kinnevik And More (Techcrunch)
  16. LightInTheBox’s Shares Surge 22% To $11.61 As E-tailer Launches 2013′s First Chinese IPO In U.S. (Techcrunch)
  17. Montage Technology prices IPO at $10, below the range (NASDAQ)
  18. Travel Service Tuniu Raised $60 million in Series D (TechNode)
  19. Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott (Techcrunch)
  20. iiNet happy with net benefits of Adam Internet acquisition (The Australian)

Top 20 Asia & Pacific Deals for August 2013

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $1,900,000,000 91 Wireless Baidu Mobile & Apps Acquisition
2 $810,000,000 Beidou China Hardware & Infrastructure Investment
3 $700,000,000 360Buy Ontario Teachers’ Retirement Fund, Kingdom Holdings Ecommerce Investment
4 $586,000,000 Sina Weibo Alibaba Media Investment
5 $370,000,000 PPS Baidu Software & Services Acquisition
6 $200,000,000 Flipkart Consortium Ecommerce Investment
7 $160,000,000 Nuomi Baidu Transactions Investment
8 $136,000,000 BankLink MYOB Finance NZ Software & Services Acquisition
9 $100,000,000 Zalora Consortium Ecommerce Investment
10 $100,000,000 Lazada Consortium Ecommerce Investment
11 $78,201,000 Revera Telecom Corp of New Zealand Hardware & Infrastructure Acquisition
12 $57,000,000 Qunar Consortium Media Investment
13 $50,000,000 Snapdeal EBay Ecommerce Investment
14 $48,000,000 SgCarMart Singapore Press Holdings Transactions Acquisition
15 $40,000,000 Reebonz MediaCorp Ecommerce Investment
16 $36,000,000 eBaoTech FTV Capital, Cathay Capital Private Equity Software & Services Investment
17 $30,000,000 ChinaHR IrishJobs Transactions Acquisition
18 $30,000,000 HomeShop18 Consortium Ecommerce Investment
19 $26,000,000 Zalora Tengelmann Group Ecommerce Investment
20 $21,200,000 MagaSeek NTT Docomo Ecommerce Acquisition

More information

  1. Baidu Agrees To Buy Chinese Android App Distributor 91 Wireless For $1.9B (Techcrunch)
  2. China Is Investing $810M In Beidou, A Navigation System It Hopes Will Eventually Rival GPS (Techcrunch)
  3. China’s 360Buy Unwraps Massive New Funding Round of $700 Million (Tech In Asia)
  4. Sina Weibo, China’s Equivalent of Facebook and Twitter, Gets $586M Investment From Alibaba (Techcrunch)
  5. Baidu Confirms $370M Purchase Of PPS, Underscoring Online Video’s Importance For Internet Companies Around The World (Techcrunch)
  6. India E-Commerce Giant Flipkart Raises Another $200M From Existing Investors (Techcrunch)
  7. Confirmed: Baidu acquires majority stake in Renren’s daily deals site for $160 million (Tech in Asia)
  8. MYOB acquires NZ firm for $136m (The Channel)
  9. Zalora, Rocket Internet’s SE Asian Zappos Clone, Raises $100M More From Summit, Kinnevik And More (Techcrunch)
  10. Rocket Internet’s Lazada Lands $100M As It Seeks To Become The “Amazon Of Southeast Asia” (Techcrunch)
  11. Telecom NZ acquires NZ cloud data centre and infrastructure services firm Revera for NZ$96.5m, est 6.43*2013 EBITDA (Australian Technology Transactions)
  12. Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott (Techcrunch)
  13. EBay Beats Out Amazon To Lead $50M Round In India’s E-Commerce Giant Snapdeal To Build Up Its BRIC Business (Techcrunch)
  14. SPH Acquires SgCarMart for $48 Million (Tech in Asia)
  15. Singapore’s MediaCorp Invests $40M In Luxury Online Retailer Reebonz (Techcrunch)
  16. eBaoTech Closes $36M Equity Financing (FinSMEs)
  17. Monster’s China Dream Shattered, Its $240 Million Site Sold Off for $30 Million (Tech in Asia)
  18. Read more: http://www.nasdaq.com/article/update-saps-hybris-deal-valued-at-1-billion-or-more—sources-20130605-01235#ixzz2Z4xObiQM (Deal Curry)
  19. Rocket Internet-Backed Singaporean Fashion Site Zalora Gets $26M From Tengelmann, Announces Software Development Center (TechCrunch)
  20. Docomo Confirms Acquisition of MagaSeek for $21 Million to Boost E-Commerce Efforts (Tech in Asia)