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Trustar Capital Acquires China’s Beijing Salion Foods
Trustar Capital acquired Beijing Salion Foods, a China-based compound condiment and basic food ingredients company, via its fourth China buyout fund for an undisclosed amount. Read More
Global Ventures and Egyptian Banks Launch Fintech Innovation Fund
Global Ventures has reached a first close for Nclude, a fund targeting investments in fintech startups operating in the Middle East and Africa region, with USD85m in commitments from Banque Misr, National Bank of Egypt and Banque du Caire. Read More
Northstar and Alpha JWC Lead USD120m Series C for Indonesia’s Sayurbox
Northstar and Alpha JWC Ventures led a USD120m Series C for Sayurbox, an Indonesia-based B2C and B2B e-grocery startup, with participation from IFC and follow-on from Astra, Syngenta Group Ventures and Global Brain. Read More
Global Ventures Leads USD25m Series A for Egypt’s Lucky
Global Ventures led a USD25m Series A for Egypt-based fintech app Lucky, with participation from PayU, Endeavor Catalyst, Venture Souq, OTF, Arzan Capital and Disruptech, and follow-on from existing investors and Lorax Capital Partners. Read More
E-Vision and ADQ To Acquire Saudi Arabia’s Starzplay
E-Vision and ADQ agreed to acquire a 57% stake in Starzplay Arabia, a Saudi Arabia-based video streaming platform backed by Ruya Partners, for an undisclosed amount. Read More
B Capital Group and Insight Partners Lead USD100m Series A for India’s FanCraze
B Capital Group and Insight Partners led a USD100m Series A for FanCraze, an India-based cricket NFT marketplace, with participation from Mirae Asset and Cristiano Ronaldo. Read More
LeapFrog and Prudential Financial to Acquire Minority Stake in South Africa’s Alexander Forbes Group
LeapFrog Investments and Prudential Financial agreed to acquire a minority stake in Alexander Forbes Group Holdings, a South Africa-based provider of financial advice, retirement, investment and wealth management services. Read More
Spark+ Africa Fund Reaches USD40m First Close
The Spark+ Africa Fund, an impact investment vehicle launched by Spark+, a joint venture between Enabling Qapital and Stichting Modern Cooking, reached a USD40m first close. The vehicle will finance clean and modern cooking solutions in developing markets. Read More
VEF Leads ~USD38m Series B for Brazil’s Gringo
VEF led a ~USD38m Series B for Gringo, a Brazil-based car documentation management platform, with participation from Piton Capital and follow-on from KASZEK, ONEVC and GFC. Read More
Mubadala Investment Company Leads USD768m Series E for Turkey’s Getir
Mubadala Investment Company led a USD768m Series E for Turkey-based grocery delivery startup Getir at a reported USD11.8b valuation, with participation from Abu Dhabi Growth Fund, Alpha Wave Global, Sequoia Capital and Tiger Global. Read More
Lightrock Leads USD18.5m Series C for Kenya’s 4G Capital
Lightrock invested a USD18.5m Series C for Kenya-based digital lender 4G Capital. Read More
Accel Leads USD95m Round for India’s Amagi
Accel led a USD95m round for Amagi, a cloud-based SaaS technology company headquartered in India, with participation from Norwest Venture Partners and Avataar Ventures at a reported USD1b valuation. Read More