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Temasek Leads USD100m Series C for India’s Open
Temasek led a USD100m Series C for India-based neobanking platform Open at a reported USD500m valuation, with participation from Google and SBI Investment, and follow-on from Tiger Global and 3one4 Capital. Read More
Yunqi Partners Reaches USD300m Final Close for Fund III
Yunqi Partners reached a USD300m final close for Yunqi Partners Fund III. The vehicle targets early-stage investments in the enterprise and productivity solutions space in China. Read More
TPG Rise Climate and ADQ to Invest ~USD1b in Tata Motors EV Unit
TPG’s Rise Climate Fund and Abu Dhabi’s ADQ agreed to invest ~USD1b for an 11-15% stake in the EV unit of India-based Tata Motors. The investment will reportedly value TML EVco at USD9.1b. Read More
DP World and CDC Group to Invest USD1.72b in Africa Port Infrastructure
DP World and CDC Group formed a partnership to invest USD1.72b to develop port infrastructure in Africa, with a primary focus on Senegal, Egypt and Somaliland. Read More
Source Code Reaches ~USD1.1b Final Close for Fund V
Source Code Capital reached a CNY7b (~USD1.1b) final close for its fifth CNY-denominated fund targeting early-stage investments in China. Read More
Affirma Reaches ~USD473m Final Close for Ascenta V
Affirma Capital reached a KRW543b (~USD473m) final close for Ascenta V, its fifth South Korea-focused fund. The vehicle will focus on midcap buyouts and growth capital investments in South Korea as well as co-investments in the wider Asia-Pacific region. Read More
My.Games VC Invests USD3m in Voxter, Tworogue Games & Wideview
My.Games Venture Capital invested USD3m in three Eastern European game studios: Voxter, Tworogue Games and WideView Games. Read More
AfricInvest Invests in Burkina Faso’s RAYNAL Assurances
AfricInvest, through AfricInvest FIVE, invested an undisclosed amount in Burkina Faso-based insurance company RAYNAL Assurances IARD Burkina Faso, facilitating an exit for pan-African financial group SUNU. Read More
Rocket Internet, Global Founders and P1 Ventures Lead USD5m Seed Round for Morocco’s Chari.ma
Rocket Internet, Global Founders and P1 Ventures led a USD5m seed round for Morocco-based fintech and B2B e-commerce Chari.ma, with participation from Plug and Play, Y Combinator, Village Capital, Orange Ventures, Air Angels, SPE Capital, Pincus Capital Management, Reflect Ventures, the Chandaria family and others. Read More
Blackstone to Acquire UAE’s VFS Global from EQT
Blackstone agreed to acquire a majority stake in Switzerland- and UAE-based visa services company VFS Global from EQT Private Equity and Kuoni and Hugentobler Foundation for an undisclosed amount. Read More
Summit Africa Reaches ~USD106m Final Close for PE Fund
Summit Africa reached a ZAR1.6b (~USD106m) final close for Summit Private Equity Fund I. The vehicle will target investments in the healthcare, education, financial services and ICT services sectors in South Africa, Namibia, Lesotho and Eswatini. Read More
QIA Leads USD175m Series F for India’s Rebel Foods
Qatar Investment Authority led a USD175m Series F for Rebel Foods, an India-based dark kitchen operator, at a reported USD1.4b valuation, with follow-on from Coatue and Evolvence. Read More