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Sequoia Capital and STV Lead USD54m Series B+ for UAE’s Tabby
Sequoia Capital India and STV led a USD54m Series B+ for UAE-based BNPL platform Tabby, with follow-on from Arbor Ventures, Mubadala and Global Founders Capital. Read More
Actis, Westbrook and Others To Sell South Africa’s Tapestry Home Brands to The Foschini Group for ~USD150m
Actis, Westbrook Investments and other shareholders agreed to sell their entire interest in Tapestry Home Brands, a South Africa-based D2C home furnishings company, to Johannesburg-listed The Foschini Group for ZAR2.35b (~USD150m). Read More
Insight Venture Partners Leads USD32.8m Round for Ghana’s Dash
Insight Venture Partners led a USD32.8m round for Ghana-based payments app Dash, with participation from GFC, 4DX Ventures, ASK Capital, Techstars and Zinal Growth Partners. Read More
Westbridge Capital Leads USD32m Series B for India’s Otipy
Westbridge Capital led a USD32m Series B for India-based agtech Otipy, with follow-on from SIG and Omidyar Network India. Read More
Prosus Ventures and Tiger Global Lead USD50m Series C for India’s Captain Fresh
Prosus Ventures and Tiger Global led a USD50m Series C for India-based B2B animal protein marketplace Captain Fresh, with participation from Accel India, Matrix Partners India, Ankur Capital and Incubate Fund. Read More
Norwest Venture Partners Leads USD75m Series C for India’s CityMall
Norwest Venture Partners led a USD75m Series C for India-based social commerce platform CityMall, with participation from Citius Fund and follow-on from WestBridge Ventures, Jungle Ventures, General Catalysts, Accel India and Elevation Capital. Read More
Vinci Partners Leads ~USD128m Investment in Brazil’s Evino
Vinci Partners, through Vinci Capital Partners III, led a BRL650m (~USD128m) investment in Brazil-based wine e-commerce Evino, with participation from JCR and XP. Evino acquired Grand Cru, a Brazil-based importer and distributor of premium wines, from Aqua Capital in October 2021. Read More
Green for Growth Fund and SANAD Invest USD75m in Egypt’s Banque Misr
Green for Growth Fund and SANAD invested USD40m and USD35m, respectively, in Egypt-based Banque Misr. The bank aims to use the fresh capital to support MSMEs in Egypt and to provide green loans to corporates, SMEs and Egyptian households to finance renewable energy projects and energy efficiency measures. Read More
Insight Partners, B Capital Group and Dragoneer Lead USD137m Series B for India’s CredAvenue
Insight Partners, B Capital Group and Dragoneer Investment Group led a USD137m Series B for India-based debt platform CredAvenue at a reported USD1.3b valuation. Read More
HarbourVest Reaches USD1.6b Final Close for Europe & Asia Fund
HarbourVest Partners reached a USD1.6b final close for HIPEP IX Fund, surpassing its initial target of USD1.2b. The fund will make primary investments in private equity funds in Europe and Asia Pacific, in addition to secondary and direct co-investments. Read More
Gramercy Provides USD100m Credit Line to Colombia’s OmniLatAm
Gramercy provided a USD100m credit line to Colombia-based fintech OmniLatam. Read More
500 Global, Noemis Venture, Others Invest USD4m Seed Round for Emtech
Emtech, an emerging markets digital infrastructure provider for central banks, raised a USD4m seed round from 500 Global, Noemis Venture, Octerra Capital, Consonance Invest, XFactor ventures, Canaan Partners and Andrew Lundsten (Stripe). The firm concluded a test pilot in Ghana last year. Read More