Tag Archives: Netccentric

Top 20 Asia & Pacific Deals for December 2015

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$2,000,000,000Didi KuaidiConsortiumTransactionsInvestment
2$1,250,000,000Ele.meAlibaba Group HoldingTransactionsInvestment
3$1,000,000,000Coupang SoftBankEcommerceInvestment
4$1,000,000,000Didi KuaidiUndisclosedTransactionsInvestment
5$810,000,000PrimeAgainConsortiumMobile & AppsInvestment
6$700,000,000FlipkartTiger Global Management, Steadview CapitalEcommerceInvestment
7$700,000,000Yidao YongcheLe TVTransactionsInvestment
8$687,000,000Menulog GroupJust EatTransactionsAcquisition
10$630,000,000Ele.me ConsortiumTransactionsInvestment
11$600,000,000Kuaidi DacheConsortiumMobile & AppsInvestment
12$590,000,000Meizu Alibaba Group Holding LimitedHardware & InfrastructureInvestment
13$534,000,000iPropertyREA GroupTransactionsAcquisition
14$500,000,000Tuniu JDTransactionsInvestment
15$500,000,000Qunar Silver LakeTransactionsInvestment
16$500,000,000Snapdeal ConsortiumEcommerceInvestment
17$400,000,000GrabTaxiChina Sovereign-Wealth FundTransactionsInvestment
18$360,000,000Ticket MonsterKKR ConsortiumEcommerceAcquisition
19$350,000,000Ele.meTencent, Sequoia CapitalTransactionsInvestment
20$315,000,000OlaConsortiumMobile & AppsInvestment

More information

  1. Didi Kuaidi, Uber’s Arch Rival In China, Confirms It Raised $2B In Fresh Funding (TechCrunch)
  2. Alibaba to pump US$1.25 billion in Chinese online food delivery service Ele.me (e27)
  3. Coupang Receives $1BN in Funding (FinSMEs)
  4. Didi Kuaidi raises extra $1B to battle Uber in China (Tech In Asia)
  5. Japan’s PrimeAgain raises $810,000 to further develop ephemeral video sharing app (The Bridge)
  6. Flipkart Raises $700M In 10th Funding Round At $15B Valuation (Trak.in)
  7. Uber may have a new rival in China, as Yidao Yongche to raise $700M (VentureBeat)
  8. Just Eat Snaps Up Menulog For $687M To Enter Australia And New Zealand (TechCrunch)
  9. Expedia gives up on China partner, sells off $671M majority stake in eLong (Tech In Asia)
  10. Ele.me Raises US$630M in Series F Funding (FinSMEs)
  11. KuaiDi Dache Raises US$600M in Funding (FinSMEs)
  12. Meizu Receives US$590M Minority Investment from Alibaba (FinSMEs)
  13. iProperty to be sold for $534M in one of largest ever buyouts of Southeast Asian web firm (Tech in Asia)
  14. Chinese travel site Tuniu gets $500M injection, JD now biggest shareholder (Tech In Asia)
  15. Chinese Travel Platform Qunar Raises $500M, Turns Down Ctrip Acquisition Offer (TechCrunch)
  16. Snapdeal Receives $500m Growth Investment (FinSMEs)
  17. GrabTaxi snags US$400 million in funding from China Investment Corp and others (e27)
  18. Groupon Sells 46% Of Korea’s Ticket Monster To KKR Consortium For $360M (TechCrunch)
  19. Food Delivery Service Ele.me Raises $350M From Tencent, Sequoia Capital (TechCrunch)
  20. Ola raises blockbuster $315M funding to stay ahead of Uber in India (Tech In Asia)

Netccentric delivers successful IPO


Netccentric enjoyed a successful debut on the Australian Securities Exchange (ASX) yesterday. The shares in the Singapore-based digital media company gained 15% in value on the first day of trading and closed at 23 cents or three cents higher than their issue price. From an initial minimum target of A$7.5 million, the company raised A$12.5 million. Founded in 2006 by Timothy Tiah and Cheo Ming Shen, Netccentric is the company behind blogging pioneer Nuffnang, as well as ChurpChurp, Reelity.tv, Ripplewerkz and Dayre. In 2014, the company hit over A$11 million in revenue and enjoyed a 400% rise in profits compared to 2013. The money raised from the IPO is actually the company’s first external capital and will be used to expand the business specifically in Asia and invest in new product development.

Right Click Capital acted as the corporate advisor on the Netccentric (ASX:NCL) IPO.