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Tiger Global Leads USD45m Series B for Avataar
Tiger Global led a USD45m Series B for Avataar, a US- and India-based AR/VR services provider for consumer brands, with follow-on from Sequoia India. Read More
Reliance Retail Ventures Leads USD240m Round for India’s Dunzo
Reliance Retail Ventures led a USD240m round for India-based hyperlocal delivery startup Dunzo, with follow-on from Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested USD200m for a 25.8% stake. Read More
Grupo Stefanini Acquires Cobiscorp
Topaz, the financial solutions arm of Grupo Stefanini, acquired a majority stake in Cobiscorp, a US-based, Ecuador-founded banking software company with a substantial customer base in Latin America, for an undisclosed amount. Read More
Prosus Ventures Leads USD60m Series B for Colombia’s Platzi
Prosus Ventures led a USD60m Series B for Colombia-based edtech Platzi, with follow-on from Foundation Capital, Y Combinator, 500 Global, FJ Labs, FundersClub, and Hans Tung (GGV) and Darian Shirazi (Gradient). Read More
YC, Afore, FJ Labs, Others Invest USD3.2m Seed Round for Namibia’s JABU
JABU, a Namibia-based, last-mile e-commerce distribution startup, raised a USD3.2m seed round from YC, Afore Capital, FJ Labs, Quiet Capital, Kli Capital and Pareto Capital. Read More
Tiger Global and Bessemer Lead USD25m Round for India’s Rupifi
Tiger Global and Bessemer Venture Partners led a USD25m round for Rupifi, an India-based provider of BNPL services for marketplaces, with follow-on from Quona Capital and Ankur Capital. Read More
Vinci Acquires Brazil’s Porto Pontal
Vinci Partners acquired Brazil-based port terminal Porto Pontal from JCR Group for an undisclosed amount. The fund plans to invest BRL3b (~USD526m) in the project. Read More
Sequoia China, Morningside and Others Invest USD100m Series B for China’s Virtue Diagnostics
Virtue Diagnostics, a China-based in-vitro diagnostics company focused on cancer, infectious diseases and chronic diseases, raised a USD100m Series B from Sequoia China, Morningside Ventures and ORIZA Holdings, with follow-on from Lilly Asia Ventures and PerkinElmer Ventures. Read More
ICONIQ Growth, Accel, Dragoneer, Others Invest USD400m Series C for Russia-Founded Miro
Miro, a US-based online visual collaboration platform founded in Russia, raised a USD400m Series C from ICONIQ Growth, Accel, Atlassian, Dragoneer Investment Group, GIC, Salesforce Ventures and TCV at a reported USD17.5b valuation. Read More
Carlyle Acquires 10% Stake in South Korea’s Hyundai Clovis for ~USD510m
The Carlyle Group acquired a 10% stake in South Korea-based Hyundai Glovis, the logistics arm of Hyundai Motor Group, for ~USD510m. Read More
IGM Financial To Acquire 13.9% Stake in China Asset Management for ~USD900m
IGM Financial subsidiary Mackenzie Financial Corporation agreed to acquire a 13.9% stake in China Asset Management from Power Corporation of Canada for ~USD900m. Read More
Impact46-Backed Jahez Lists on Nomu
Jahez, a Saudi Arabia-based online food delivery platform backed by Impact46, listed on the Saudi Exchange’s Parallel Market (Nomu) with a market capitalization of USD2.4b. Read More