Deal Digest: Benlai Life raises $117m; PapayaMobile IPO; HighLight Capital's $229m Fund II

Deal Digest: Benlai Life raises $117m; PapayaMobile IPO; HighLight Capital's $229m Fund II

Image from PapayaMobile.

China’s fresh produce e-commerce Benlai Life has raised $117 million in series C and series C+ financing round, partly joined by Joyoung Co Ltd. Woman-led ad tech startup PapayaMobile goes public on China’s National Equities Exchange and Quotations (NEEQ) today. Healthcare-focussed venture capital and private equity firm Highlight Capital is about to complete raising $229 million for its second vehicle.

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