Total consumer industry venture financing deals worth $385.7m were announced in Asia-Pacific in May 2021, led by $92.96m venture financing of Bloks Group (formerly Putao Education), according to GlobalData’s deals database.

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The value marked a decrease of 80.3% over the previous month of $1.96bn and a drop of 32.05% when compared with the last 12-month average of $567.63m.

Asia-Pacific held a 40.09% share of the global consumer industry venture financing deal value that totalled $962.24m in May 2021. With a 30.65% share and deals worth $294.96m, 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 43 deals during May 2021, marking a decrease of 24.56% over the previous month and a drop of 15.69% over the 12-month average. China recorded 22 deals during the month.

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

The top five consumer industry venture financing deals accounted for 64.1% of the overall value during May 2021.

The combined value of the top five consumer venture financing deals stood at $247.1m, against the overall value of $385.7m recorded for the month.

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

1) Gaorong Capital , Legend Capital , Source Code Capital and Yunfeng Fund L.P’s $92.96m venture financing of Bloks Group (formerly Putao Education)

2) The $62.66m venture financing of Chongxing Pet Products by Cathay Capital and Tencent Investment

3) Amarjit Singh Batra, Everblue Bangladesh , Konark Trust , MMPL Trust , Motherson Lease Solutions , Nexus Partners , Pawan Munjal , QED Innovation Labs and Westbridge Capital ’s $43.34m venture financing of Roppen Transportation Services

4) The $31.05m venture financing of SZhong Xuegao Foods (Shanghai) by H Capital – US , Tiantu Investments , Wanwu Capital and Yuansheng Capital

5) CDH Baifu’ venture financing of Chunmi Electronics Technology for $17.1m.