HONG KONG > Klook raises nearly $60 million from Sequoia China, Goldman Sachs, Matrix Partners and OurCrowd

Klook logo In Series C funding, Klook has raised nearly $60 million funding representing the largest in- destination service booking platform investment that by Sequoia China, Goldman Sachs, Matrix Partners and OurCrowd. Klook is set to use the funding for global expansion and accelerate product growth and innovation. Launched in 2014, Klook has 30,000 travel activities and has over 120 destinations worldwide More …

SOUTH KOREA > UK based Unilever has agreed to acquire Carver Korea for €2.27 billion ($2.67 billion) from Bain Capital Private Equity and Goldman Sachs

unilever logo Unilever has agreed for a €2.27 billion ($2.67 billion) acquisition of Carver Korea from Bain Capital Private Equity and Goldman Sachs. Carver Korea, originally an aesthetics company that supplies professional products to beauty salons, has had exponential growth in the last five years and high success rate through the sale of its brand, AHC. Carver’s recent sales revenue was €321m More …

SINGAPORE > Alibaba to invest $1 billion in Singapore based Lazada Group

library_logos_alibabaev_large China based Alibaba Group Holding Ltd. to invest $1bn for control of Lazada Group. Alibaba will pay $500m for new shares and purchase an equal amount from existing investors. Investors selling their share include Germany’s Rocket Internet, British supermarket chain Tesco and Swedish investment company Kinnevik. With the investment, Alibaba will add operations in 6 Southeast Asian markets – Indonesia, Malaysia, Philippines, Singapore, Thailand More …

INDIA > Telecom Company Tikona to Receive FDI Worth US$ 40 Million

Tikona_logo_2_0 Based on the recommendations of Foreign Investment Promotion Board, the government of India has approved telecom company Tikona Digital’s issuance of CCDs worth ₹267 crore (US$ 40 Million) increasing its foreign equity to 76.73%. CCDs are Compulsory Convertible Debenture – a form of financial instrument issued as either preference shares or debentures and convertible into equity shares of the Indian company at More …