1. Deals Analysis
August 30, 2021

Consumer industry venture financing deals total $1.2bn in Asia-Pacific in July 2021

Total consumer industry venture financing deals worth $1.2bn were announced in Asia-Pacific in July 2021, led by $500m venture financing of Shenzhen Meixixi Catering Management, according to GlobalData’s deals database.

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The value marked an increase of 231.1% over the previous month of $371.5m and a rise of 132% when compared with the last 12-month average of $530.17m.

Asia-Pacific held a 39.81% share of the global consumer industry venture financing deal value that totalled $3.09bn in July 2021. With a 29.97% share and deals worth $925.99m, China was the top country in Asia-Pacific’s venture financing deal value across consumer industry.

In terms of venture financing deal activity, Asia-Pacific recorded 83 deals during July 2021, marking an increase of 33.87% over the previous month and a rise of 56.60% over the 12-month average. China recorded 47 deals during the month.

Asia-Pacific consumer industry venture financing deals in July 2021: Top deals

The top five consumer industry venture financing deals accounted for 66.4% of the overall value during July 2021.

The combined value of the top five consumer venture financing deals stood at $818.98m, against the overall value of $1.2bn recorded for the month.

The top five consumer industry venture financing deals of July 2021 tracked by GlobalData were:

1) Shenzhen Meixixi Catering Management $500m venture financing deal with BA Capital Partners,Coatue Management,He Boquan,Hillhouse Capital Group,IDG Capital,Longzhu Capital ,Sequoia China Investment Management and Tencent Industry Fund

2) The $100m venture financing of Neiwai by Qiming Venture Capital,The Carlyle Group and Vertex Ventures China

3) TurtleTree Labs $80m venture financing deal with Verso Capital Partners

4) M Stand $77.3m venture financing deal with Black Ant Capital,Challenjers Capital,CMC Capital Group,Gaorong Capital and GenBridge Capital

5) The $61.68m venture financing of NYSCPS by Asia Commercial Capital,ByteDance,Cornerstone Capital.,Huaxing New Economic Fund,Innovation Workshop and Jinding Capital

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.