Asia Digest: Sequoia leads $48m round in China’s PatPat, Japan hiking app Yamap raises $11.1m

Chinese maternal and infant products e-commerce site PatPat has secured $48 million in Series C round led by Sequoia Capital China while Japanese mountaineering app Yamap has raised $11.2 million in Series B.

Sequoia leads e-commerce firm PatPat’s $48m Series C

Venture capital firm Sequoia Capital China has led the $48-million Series C funding round in PatPat, a Chinese maternal and infant products e-commerce platform, according to a China Money Network report.

The funding round for the startup established in 2014 also saw the participation of IDG Capital, Frees Fund, and SIG. The platform offers Chinese maternal and infant products to foreign customers.

According to reports, China’s baby products market has grown by more than 250 per cent, with sales of more than $75 billion.

Japan mountaineering app Yamap raises $11.2m in Series B

Japanese mountaineering platform Yamap said it has raised ¥1.2 billion ($11.2 million) in a Series B round backed by 14 companies and funds, including Advantage Partners-owned outdoor sports equipment retailer ICI Ishii Sports, according to a report by The Bridge.

The latest funding round follows a Series A round in March 2016 that raised ¥170 million ($1.5 million) and the seed round that saw ¥5 million ($47,000). The report said the proceeds will be used by Yamap to support the revitalization of regional tourism.

Established in 2013 by mountaineering enthusiast Yoshi Haruyana, Yamap has developed a map app that allows mountaineers to know their current location using the GPS radio waves of satellites. The startup claims its app has been download 820,000 times with nearly 100 million monthly page views.

On its Google Play page, Yamap said the app does not require a mobile signal to track and log a user’s outdoor activity. It also provides detailed outdoor maps and provides information about elevation, parking, and trailhead locations.

Also Read:

Social commerce platform Meesho in funding talks with Sequoia, SAIF Partners

Japan’s new home-sharing rules may stifle Airbnb, others

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.