Alibaba injects another USD 230 million into Lazada
Southeast Asian e-commerce platform Lazada has received USD 230 million in capital from its parent company Alibaba, according to regulatory filings accessed by Alternatives.pe. This marks Alibaba’s first capital injection into Lazada this year, having invested over USD 1.8 billion in the subsidiary last year.
Alibaba has invested approximately USD 7.7 billion in Lazada since 2016, when it acquired a controlling stake in the company.
Sitara secures funding from Arpwood Partners and other investors
SEWA Grih Rin (Sitara), an Indian housing finance company, has secured INR 6.8 billion (USD 81.5 million) from private equity firm Arpwood Partners, according to VCCircle. Arpwood has acquired a majority stake in Sitara through this transaction.
Sitara also raised another INR 250 million (USD 3 million) from its existing investors, including Abler Nordic, Oikocredit, RNT Associates, HDFC Bank, HDFC Life Insurance, Women’s World Banking Asset Management, and Omidyar Network.
Recent deals completed in China:
- Feiniu Chuxing, a provider of vehicle transportation services, has secured an eight-figure USD sum in funding, solely funded by Cinda Holdings. The capital will primarily support the company’s overseas operations, development, and market expansion. —36Kr
- Zhihe Biotechnology, a synthetic biology company specializing in oleochemicals, has completed its pre-Series A funding round, raising an eight-figure RMB sum. Investors include a talent investment fund under Changzhou National Hi-tech District, Star Capital, Yinxinggu Capital, Sunz Fund, Dingxin Capital, and Unifortune. Existing investor Shunwei Capital also increased its stake. —36Kr
- Mesolight, a quantum dot manufacturer based in the Suzhou Industrial Park, has received a RMB 10 million investment from a Shaanxi-based fund. The investment will support technology R&D, market expansion, and the establishment of a wholly-owned subsidiary in Yulin. —36Kr
- Elephant Robotics, a provider of robotics products and solutions for various industries such as manufacturing, healthcare, and more, has completed its pre-Series B funding round, led by Dalton Qinghui Investment Management, with participation from Yunzhuo Capital. The funds will be used to upgrade its humanoid robot production line and advance R&D. —36Kr
- LimX Dynamics, a general-purpose robotics company based in Shenzhen, has completed a new round of strategic funding, raising an undisclosed sum from Hangzhou Haoyue. With this funding, the two entities will partner to jointly advance embodied intelligence, focusing on commercial applications for general-purpose humanoid robots. —36Kr
Humble Sustainability, Aevice Health, RecycleSmart, and more led yesterday’s headlines:
- Humble Sustainability, a Manila-based e-waste management startup, raised an undisclosed amount in a new funding round led by Gobi Partners. The Startup Venture Fund of the Philippine government’s National Development Company (NDC) participated in this fundraise, alongside Double River Impact, Equitrust Holdings, and various angel investors.
- Aevice Health, a Singapore-headquartered medtech firm specializing in remote respiratory monitoring solutions, secured a USD 1 million investment from Japanese medtech manufacturer A&D.
- RecycleSmart, a Sydney-based recycling startup that collects waste from customers’ doorsteps, raised USD 1.15 million through a crowdfunding campaign on Birchal.
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