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Hashed Leads USD42m Series A for India’s Loco
Hashed led a USD42m Series A for India-based gaming startup Loco, with participation from Makers Fund, Catamaran Ventures and Korea Investment Partners, and follow-on from Krafton Inc., Lumikai and Hiro Capital. Read More
Battery Ventures and Whale Rock Lead USD100m Round for HRtech Flash
Battery Ventures and Whale Rock led a USD100m round for Flash, a Brazil-based, on-demand corporate benefits provider for executives, with follow-on from monashees, Tiger Global, GFC and Citius. Read More
Tiger Global, Coatue, Cathay Innovation, Others Invest USD50m Series B in Singapore’s AI Rudder
AI Rudder, a Singapore-based developer of AI-powered voice solutions for B2C communications, raised a USD50m Series B from Tiger Global, Coatue, Cathay Innovation, First Plus and VenturesLab, with follow-on from Sequoia Capital India and Huashan Capital. Read More
Warburg Acquires Indonesia’s ABDA and ABDA Assistance for ~USD63m
Warburg Pincus acquired 62.33% and 51% stakes in Indonesia-based insurance businesses ABDA and ABDA Assistance, respectively, from Spain-headquartered multinational insurance company Mapfre for EUR56.6m (~USD63m). Read More
Tiger Global, Winter Capital, Evolvence India and Accel Lead USD75m Series D for India’s Money View
Tiger Global, Winter Capital, Evolvence India and Accel led a USD75m Series D for Money View, an India-based online financial services provider, at a reported USD625m valuation, with participation from South Park Commons, Trusted Insight and Dream Incubator. Read More
Macquarie To Acquire Reden Solar
A Macquarie Asset Management-led consortium agreed to acquire Reden Solar, a France-based solar energy company with operations in Latin America and Europe, from InfraVia Capital Partners and Eurazeo for an enterprise value of EUR2.5b (~USD2.7b). Read More
DPI and CDC To Invest USD200m in KELIX Bio to Support the Acquisition of Morocco’s Pharmaceutical Institute
DPI and CDC Group agreed to invest USD200m in KELIX Bio to fund the acquisition of Pharmaceutical Institute, a producer and distributor of generic and therapeutic pharmaceuticals headquartered in Morocco. Read More
DFC Approves USD245m in Commitments to Adenia Capital, Monk’s Hill Ventures, ADM Capital & Meridiam Group
DFC approved USD245m in investments in Africa, the Middle East, Latin America and the Indo-Pacific. Commitments include a USD40m investment in Adenia Capital V; a USD25m investment in Monk’s Hill Ventures Fund III; a USD100m partial credit guarantee to ADM Capital Asia Climate-Smart Landscape Fund; and a USD80m direct loan to The Urban Resilience Fund, a blended finance investment fund… Read More
Nexus Group Acquires 29.83% Stake in Colombia’s Apropet
Nexus Group acquired a 29.83% stake in Colombia-based recycling company Apropet. Read More
Warburg Pincus Acquires Majority Stake in India’s Imperial Auto
Stone Plant Investments, an affiliate of Warburg Pincus, acquired a majority stake in Imperial Auto Industries, an India-based manufacturer of fluid transmission products, for an undisclosed amount. Read More
Wavemaker Partners Reaches USD136m Final Close for Fourth Southeast Asia Fund
Wavemaker Partners reached a USD136m final close for its fourth fund targeting investments in early-stage enterprise, deep tech and sustainability startups in Southeast Asia. Read More
Cerberus To Acquire Philippines’ Subic Bay for USD300m
Cerberus Capital Management agreed to acquire Subic Bay, a shipyard located at a former US navy base in the Philippines, for USD300m. Read More