1. News
December 15, 2017

Deals this week: Shopholix Marketing Services, Asia Brands Berhad, Vahdam Teas

Shopholix Marketing Services has raised Rs15m ($0.23m) in a pre-Series A funding round led by Munesh Khanna.

Shopholix Marketing Services has raised Rs15m ($0.23m) in a pre-Series A funding round led by Munesh Khanna.

The Indian online retail company plans to use the funds towards product development and geographical expansion.

Asia Brands Berhad plans to raise MYR27.57m ($6.76m) through the private placement of 37.21 million shares, priced at MYR0.74 ($0.18) a share, to investment holding company Trackland Sdn Bhd.

The Malaysian clothing manufacturer plans to use the funds towards the repayment of Islamic medium-term notes.

“Italian food products retailer Eataly plans to list its shares on Borsa Italiana through an initial public offering next year.”

Vahdam Teas has raised Rs90m ($1.4m) in a second round of funding led by Fireside Ventures.

The Indian online tea selling platform plans to use the funds for the development of new products and expansion of its warehousing in the US.

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Italian food products retailer Eataly plans to list its shares on Borsa Italiana through an initial public offering next year.

Chinese online cake booking and selling platform provider Bliss Mall has raised $14.5m in a Series A funding round led by Longzhu Capital and Bright Capital.

Russian department store chain operator PJSC Detsky mir has raised RUR4185m ($70.77m) through the private placement of 46.5 million shares priced at RUR90 ($1.52) a share.

The placement is made on behalf of diversified holding company Sistema PJSFC and Russia-China Investment Fund (RCIF), who have respectively sold 6.3% and 1.7% of shares in the company.

Sistema will hold 47.1% of share capital in the company, while RCIF will hold 12.7%, following the transaction.