1. Deals Analysis
April 22, 2022

Consumer industry venture financing deals total $658.5m in Asia-Pacific in March 2022

By Nikitha Ladda

Total consumer industry venture financing deals worth $658.5m were announced in Asia-Pacific in March 2022, led by $194.5m venture financing of TIMS China , according to GlobalData’s deals database.

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The value marked an increase of 139.1% over the previous month of $275.34m and a drop of 31.9% when compared with the last 12-month average of $966.75m.

Asia-Pacific held a 50.65% share of the global consumer industry venture financing deal value that totalled $1.3bn in March 2022. With a 28.00% share and deals worth $364.05m, 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 63 deals during March 2022, marking an increase of 28.57% over the previous month and a drop of 12.50% over the 12-month average. China recorded 25 deals during the month.

Asia-Pacific consumer industry venture financing deals in March 2022: Top deals

The top five consumer industry venture financing deals accounted for 77.6% of the overall value during March 2022.

The combined value of the top five consumer venture financing deals stood at $511.2m, against the overall value of $658.5m recorded for the month.

The top five consumer industry venture financing deals of March 2022 tracked by GlobalData were:

1) Descartes Capital Group,Restaurant Brands International and Silvercrest Asset Management Group $194.5m venture financing deal with TIMS China

2) The $150m venture financing of Delightful Gourmet by Aman Gupta,Amansa Capital,Axis Growth Avenues AIF- I,Haresh Chawla,Kotak Private Equity Group,Nikhil Kamath and Nithin Kamath

3) IDG Capital and Sequoia Capital China $100m venture financing deal with Miracle Miles Technology

4) The $35m venture financing of Pureplay Skin Sciences India by A91 Partners,Faering Capital and Unilever Ventures

5) Amicus Capital Partners,Paragon Partners Growth Fund,RPSG Capital Ventures,Sharrp Ventures and Singularity Growth Opportunities Fund $31.7m venture financing deal with PEP Technologies Pvt.

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.

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