Total retail industry venture financing deals in Q4 2020 worth $3.38 bn were announced globally, according to GlobalData’s deals database.
The value marked an increase of 80.6% over the previous quarter and a rise of 68.1% when compared with the last four-quarter average, which stood at $2.09 bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.77 bn. At the country level, China topped the list in terms of deal value at $1.37 bn.
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.
The top country in terms of venture financing deals activity in Q4 2020 was the US with 28 deals, followed by China with 26 and India with 19.
In 2020, as of the end of Q4 2020, retail venture financing deals worth $9.25 bn were announced globally, marking an increase of 7.9% year on year.
The top five retail industry venture financing deals accounted for 47.8% of the overall value during Q4 2020.
The combined value of the top five retail venture financing deals stood at $1.62 bn, against the overall value of $3.38 bn recorded for the quarter.
The top five retail industry deals of Q4 2020 tracked by GlobalData were:
- Chengtong Fund Management, Futian Capital, Hengan International Group, Industrial Bank, and Lenovo Ventures Group’s $412.78M venture financing of Beijing DMall E-commerce
- The $380M venture financing of GoBrands by Accel, D1 Capital Partners, Luxor Capital Group, and SoftBank Vision Fund
- C&D Xinxing Investment, China State-owned Enterprise Structural Adjustment Fund, GLP Fund, Jingwei China, Legend Capital, Tencent Holdings, Tiger Fund, Tongchuang Weiye, Yuansheng Capital, Yunfeng Fund L.P and Zhong Ding Capital’s $315M venture financing of Qingdao Zhenkun Trading
- The $309.63M venture financing of Cazoo by BlackRock, D1 Capital Partners, DMG ventures, Durable Capital Partners, Fidelity Management & Research, General Catalyst Partners, L Catterton, Mubadala Capital, Novator Partners, and The Spruce House Partnership
- DST Global, Exor Seeds, Moore Strategic Ventures, and Unbound’s venture financing of Cars24 Service for $200M
Somany Impresa Group has announced the appointment of Shashvat Somany as the Head of Strategy. This strategic move signifies a significant step in the Group's expansive plans across its various companies, including AGI Greenpac, Hindware Home Innovation Limited, and Hindware Limited. Shashvat will play a crucial role in shaping the long-term strategic direction, collaborating closely with business leaders for the Group's ambitious growth and diversification.
In his new role, Shashvat will take charge of steering the Group's innovation and business expansion initiatives. His primary focus will be on leading AGI's global expansion initiatives, formulating a strategic roadmap to establish a strong international presence. Shashvat will also be tasked with exploring strategic partnerships, fostering innovative collaborations, and evaluating potential ventures to further enhance the Group's presence in the building products and packaging products sector.
Beyond these strategic initiatives, Shashvat will concentrate on enhancing the capabilities of the data and analytics teams, contributing to the Group's digitalization efforts. His primary objective is to ensure a comprehensive and forward-looking integration of technology across the businesses, positioning Somany Impresa Group for success in the digital age.
"I am thrilled to embark on this new chapter with Somany Impresa Group. The Group's commitment to innovation and forward-thinking approach is truly inspiring. I am confident that my experience and collaborative spirit will contribute to our ambitious expansion and diversification goals,” said Shashvat Somany, Head of Strategy, Somany Impresa Group.
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