Alibaba’s success in developing the market for Chinese e-commerce is unprecedented, but there are a number of startup founders and investors alike who are convinced it can be replicated. Last year alone, $11.5 billion was spread across 367 equity separate financing rounds for Asian e-commerce companies. Below are the 10 biggest of these venture capital deals, according to data from CB Insights.
1. Flipkart
Company description: Bangalore-based e-commerce platform for the sale of electronics, books, movies, and music
Amount raised: $1 billion (Series G)
Select investors: Accel Partners, Tiger Global Management, Morgan Stanley, Digital Sky Technology
2. Meituan
Company description: “China’s Groupon”
Amount raised: $700 million (Series D)
Select investors: Alibaba, Sequoia Capital, General Atlantic
3. Snapdeal
Company description: Marketplace run out of New Delhi promising deals on clothes, accessories, mobile phones, and other consumer electronics
Amount raised: $627 million (Private Equity)
Select investors: SoftBank, BlackRock, eBay
4. Kuaidi Dache
Company description: Chinese car hailing service compliant with local regulations
Amount raised: $600 million (Series D)
Select investors: SoftBank, Tiger Fund, Alibaba
5. Koudai Gouwu
Company description: Curated personal shopping platform based in Beijing
Amount raised: $350 million
Select investors: DST Global, Tiger Fund, Tencent
6. Coupang
Company description: Clothes, home products, and tickets are among the many items sold through this Seoul-based marketplace
Amount raised: $300 million (Private Equity)
Select investors: Illuminate Ventures, Wellington Management, BlackRock
7. Youxinpai
Company description: Secondhand online car auction based in Beijing
Amount raised: $260 million
Select investors: DCM, Wellington Capital Management, Warburg Pincus, Tencent
T-8. Lazada
Company description: E-commerce platform for various branded goods aimed at markets in Southeast Asia, especially Indonesia, Malaysia, Philippines, Thailand, and Vietnam
Amount raised: $250 million
Select investors: Rocket Internet, Investment AB Kinnivek, Verlinvest
T-8. GrabTaxi
Company description: Ride-hailing application for South East Asian markets
Amount raised: $250 million
Select investors: SoftBank, Tiger Global Management, GGV Capital
10. Jumei International Holdings
Company description: Shopping social network for females in China
Amount raised: $200 million (Series D)
Select investors: Zhixin Capital, QiMing Venture Partners, IDG Capital Partners