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Rocketship.vc and Vulcan Capital Lead USD78m Series B for India’s Teachmint
Rocketship.vc and Vulcan Capital led a USD78m Series B for Teachmint, an India-based edtech infrastructure provider, with participation from Goodwater Capital and Epiq Capital and follow-on from Learn Capital, CM Ventures, Lightspeed India and Better Capital. Read More
Tiger Global and Vitruvian Partners Lead ~USD100m Series E for India’s Porter
Tiger Global and Vitruvian Partners led a ~USD100m Series E for India-based intracity logistics startup Porter, with follow-on from Sequoia Capital and Lightrock India. Read More
Sequoia, Lightspeed, OTPP, Others Invest USD420m in FTX
FTX, a crypto exchange formerly based in Hong Kong, raised ~USD420m at a USD25b reported valuation from a group of investors including Sequoia Capital, Lightspeed Venture Partners, Tiger Global, Ribbit Capital, Sea Capital, Institutional Venture Partners, Iconiq Growth, BlackRock, Temasek and Ontario Teachers’ Pension Plan Board. Read More
CVC Capital Partners Acquires Ahmedabad IPL Franchise for ~USD745m
CVC Capital Partners acquired the Ahmedabad Indian Premier League franchise, a cricket franchise based in India, for INR56b (~USD745m). Read More
Tiger Global and Falcon Edge Lead USD251m Series E for India’s CRED
Tiger Global and Falcon Edge Capital led a USD251m Series E for India-based fintech CRED at a reported ~USD4b valuation, with participation from Marshall Wace and Steadfast, and follow-on from DST Global, Insight Partners, Coatue, Sofina, RTP and Dragoneer Investment Group. Read More
Duquesne Family Office and Vitol Lead USD50m Series B for Turkey’s VavaCars
Duquesne Family Office and Vitol led a USD50m Series B for VavaCars, a Turkey-based auto resale marketplace. Read More
Kora Capital Leads USD75m Series C for India’s Clear
Kora Capital led a USD75m Series C for India-based fintech SaaS Clear, the maker of tax software ClearTax, with participation from Stripe, Alua Capital, Think Investments and others. Read More
Alkeon, Lone Pine, Steadfast, Others Invest USD251m Series E for India’s Groww
India-based investing platform Groww raised a USD251m Series E at a USD3b reported valuation from Alkeon, Lone Pine Capital, Steadfast and existing investors Sequoia Capital India, Ribbit Capital, YC Continuity, Tiger Global and Propel Venture Partners. Read More
Huaxing, CPE and Country Garden VC Lead ~USD563m Series C for China’s Dreame
Huaxing Growth Capital, CPE and Country Garden Venture Capital led a ~USD563m Series C for China-based vacuum cleaner maker Dreame, with follow-on from Xiaomi, Shunwei Capital and IDG Capital. Read More
CDC Sells Stake in GEMS Africa Back to Company
CDC Group divested its minority stake in GEMS Africa, a subsidiary of Dubai-based GEMS Education focused on the development of educational services across sub-Saharan Africa, via a sale to GEMS Education. Read More
CDC Commits USD70m to EverSource’s Green Growth Equity Fund
CDC Group committed USD70m to Green Growth Equity Fund, an India-focused climate change fund managed by EverSource Capital. Read More
Monk’s Hill Leads USD2.8m Series A for Singapore’s Doyobi
Monk’s Hill Ventures led a USD2.8m Series A for Doyobi, a Singapore-based provider of STEM teaching resources, with participation from Tresmonos Capital, Novus Paradigm Capital, XA Network and angel investors Quek Siu Rui (Carousell), Oswald Yeo and Seah Ying Cong (Glints), and Reuben Lai (Grab Financial). Read More