1. Deals Analysis
July 18, 2019

Retail industry venture financing deals in Q2 2019 total $1.77bn globally

Total retail industry venture financing deals in Q2 2019 worth $1.77bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 22.9% over the previous quarter and a rise of 32.3% when compared with the last four-quarter average, which stood at $1.37bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.19bn. At the country level, China topped the list in terms of deal value at $673.12m.

In terms of volumes, Asia-Pacific emerged as the top region for retail industry venture financing deals globally, followed by North America and then Europe.

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The top country in terms of venture financing deals activity in Q2 2019 was the US with 43 deals, followed by China with 31 and India with 17.

In 2019, as of the end of Q2 2019, retail venture financing deals worth $3.21bn were announced globally, marking an increase of 9.7% year on year.

Retail industry venture financing deals in Q2 2019: Top deals

The top five retail industry venture financing deals accounted for 39.5% of the overall value during Q2 2019.

The combined value of the top five retail industry venture financing deals stood at $700m, against the overall value of $1.77bn recorded for the quarter. The top announced retail industry venture financing deal tracked by GlobalData in Q2 2019 was KTB Ventures, Sequoia Capital India, SoftBank Vision Fund and Tiger Global Management’s $200m venture financing of Grofers India.

In second place was the $160m venture financing of Qingdao Zhenkun Trading by Eastern Bell Venture Capital, Genesis Capital China, Legend Capital, Matrix Partners China and Tencent Holdings and in third place was Capital Today, Gaorong Capital, Hillhouse Capital Group, IDG Capital, Sequoia Capital China, Sinovation Ventures and Xiang He Capital’s $126m venture financing of Hangzhou Beiyou Technology.

The $125m venture financing of Colibri- ManoMano by Aglae Ventures, BPI France, CM-CIC Capital Prive, Eurazeo, General Atlantic, Partech Partners and Piton Capital and Tiger Global Management’s venture financing of 63 Ideas Infolabs for $89m held fourth and fifth positions, respectively.

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.