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Prosus and Warburg Pincus Lead USD150m Series D for India’s The Good Glamm Group
Prosus and Warburg Pincus led a USD150m Series D for The Good Glamm Group, an India-based fashion e-commerce platform, at a USD1.2b reported valuation, with participation from L’Occitane, Bessemer Venture Partners, Amazon, Ascent Capital and the Mankekar Family Office. Read More
STANLIB Invests ~USD156m in New GX to Establish Digital Infrastructure Platform in South Africa
STANLIB Asset Management invested ~ZAR2.4b (~USD156m) in New GX Investments, a South Africa-based investment holding company active in the digital telecommunications infrastructure sector. The partnership aims to create a long-term capital digital infrastructure platform that will invest in fiber, towers and data center infrastructure in South Africa. Read More
Alpha JWC Reaches USD433m Final Close for Southeast Asia Early-Stage Fund
Alpha JWC Ventures reached a USD433m final close for its third early-stage fund focused on Southeast Asia. Investors include IFC and Morgan Stanley Alternative Investment Partners. Read More
FountainVest Partners Acquires China’s Beijing Zhendong Langdi Pharma for USD900m
FountainVest Partners acquired Beijing Zhendong Langdi Pharmaceutical, a China-based pharmaceutical company active in the production and supply of calcium supplements, for USD900m. Read More
BECO Capital, Kenetic, Others Invest USD9.5m Seed Round for Bahrain’s CoinMENA
Bahrain-based crypto exchange CoinMENA raised a USD9.5m seed round from BECO Capital, Kenetic Capital, Arab Bank Switzerland, Bunat Ventures, FTX investment arm Alameda Research and Girnas Capital. Read More
Actis to Acquire Radisson Blu Nairobi
Actis, through its Actis Africa Real Estate Fund 3, has agreed to acquire the company that operates the Radisson Blu, a 271-room hotel in Kenya, for an undisclosed amount. Read More
Patria Investimentos Leads ~USD15m Series A for Brazil’s StartSe
Patria Investimentos led a ~USD15m Series A for StartSe, a Brazil-based open innovation platform with operations in Brazil, China, Israel, Portugal and the US. Read More
Premji Invest Leads USD51m Round for India’s BrightChamps
Premji Invest led a USD51m round for India-based edtech BrightChamps, with participation from GSV Capital, Beenext and 021 Capital, at a reported USD500m valuation. Read More
CDPQ Leads USD70m Series B for Kenya’s Sama
CDPQ led a USD70m Series B for Kenya-based AI company Sama, with participation from First Ascent Ventures, Salesforce Ventures and Vistara Growth, and follow-on from existing investors. Read More
Fidelity Leads USD120m Round for South Africa’s JUMO
Fidelity Management & Research Company led a USD120m round for JUMO, a South African platform for building fintech products, with participation from Visa and Kingsway Capital. Read More
Mubadala Acquires Brazil’s Metrô Rio and Metrô Barra
Mubadala acquired Rio de Janeiro subway operators Metrô Rio and Metrô Barra in a deal valued at BRL1.8b (~USD335m). Read More
Temasek, Tencent, Alibaba, Genesis Capital and Tiantu Capital Invest USD500m in China’s Xiaohongshu
Temasek, Tencent, Alibaba, Genesis Capital and Tiantu Capital invested a USD500m round for China-based social e-commerce Xiaohongshu at a reported USD20b valuation. Read More