1. News
November 17, 2017

Deals this week: Huashenghaoche, Universal SportsBiz, Pet Circle

Chinese online car retailer Huashenghaoche has secured $150m in funding from Minsheng Financial & Leasing Co. Ltd in a private placement.

Chinese online car retailer Huashenghaoche has secured $150m in funding from Minsheng Financial & Leasing in a private placement.

Also based in China, the latter is a financial leasing service provider.

India-based sports product company Universal SportsBiz has raised Rs1bn ($15.28m) from Accel Partners Management in a venture funding round.

Based in the US, Accel Partners is a venture capital firm, which will acquire a 15% stake in Universal SportsBiz following the transaction.

The funding is intended to be used for product development and geographical expansion to smaller cities in India.

Pet Circle has received growth equity investment from private equity firms Francisco Partners Management and AirTree Ventures, which are respectively based in the US and Australia.

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Pet Circle is an online pet products retailer based in Australia.

“The funds are intended to be used to expand Green Rush Group’s recreational and medical marijuana services in the US.”

US-based online marketplace for cannabis products Green Rush Group has completed a Series A funding round to raise $3.6m.

The funds are intended to be used to expand Green Rush Group’s recreational and medical marijuana services in the US.

Indian start-up Square 1 has secured seed funding from India Accelerator (IA), as part of the latter’s $0.15m investment in six start-ups.

IA is an accelerator that provides funding for start-up companies.

Square 1 is a next-generation comprehensive platform that provides merchants with a flexible shopping cart system.

The platform also allows for control over the look, content and functionality of the customer’s online store.