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ARCH EM Partners Provides USD2.5m in Financing to South Africa’s Sun Exchange
ARCH Emerging Market Partners, through its Africa Renewable Power Fund, provided USD2.5m in financing to South Africa-based solar leasing platform Sun Exchange in the form of a convertible note. ARCH EM Partners led the company’s Series A in 2020. Read More
Global Ventures Leads USD4.5m Pre-Series A for Egypt’s Cartona
Global Ventures led a USD4.5m pre-Series A for Cartona, an Egypt-based e-commerce platform connecting retailers and manufacturers, with participation from Kepple Africa, T5 Capital and angel investors. Read More
CDC Invests in Fatima Gobi Ventures’ Pakistan Tech Fund
CDC Group made an undisclosed anchor investment in Techxila Fund I, a fund managed by Fatima Gobi Ventures targeting investments in early-stage tech companies across Pakistan. Read More
Quona Leads USD10m Series A for Cross-Border Payments Startup Verto
Quona Capital led a USD10m Series A for Verto, a global B2B payments platform that allows SMEs to make payments to their suppliers, with participation from Treasury, Middle East Venture Partners, TMT Investments, Unicorn Growth Capital, Zrosk Investment Management and P1 Ventures. Read More
DPI Partially Exits Nigeria’s Food Concepts via Sale to ACA
DPI sold a 31% stake in Nigeria-based QSR group Food Concepts to African Capital Alliance for an undisclosed amount. DPI will retain a majority stake in the company. Read More
Falcon Edge Leads USD200m+ Round for India’s Ola Electric
Falcon Edge Capital led a USD200m+ round for Ola Electric, the EV unit of India-based rideshare Ola, with participation from SoftBank and others at a reported USD3b valuation. TechCrunch reports that the round has not yet closed. Read More
Tiger Global Leads USD207m Series F for India’s OfBusiness
Tiger Global led a USD207m Series F for India-based B2B marketplace OfBusiness, with participation from SoftBank and Alpha Wave Incubation, at a reported USD3b valuation. Read More
Fidelity and B Capital Lead USD570m Round for India’s Meesho
Fidelity Management and B Capital led a USD570m round for India-based social commerce platform Meesho at a reported USD4.9b valuation, with participation from Footpath Ventures, Trifecta Capital and Good Capital, and follow-on from Prosus Ventures, SoftBank Vision Fund 2 and Facebook. Read M Read More
MSA Capital Leads USD15m Pre-Seed & Seed Round for Pakistan’s QisstPay
MSA Capital led a USD15m combined pre-seed and seed round with a mix of equity and debt for Pakistan-based BNPL platform QisstPay. Global Founders, Fox Ventures, First Check Ventures and angel investors including Simone Mancini and Johnny Mitrevski (Scalapay) participated in the round. Read More
Tarsadia and QED Investors Lead USD110m Series E+ for Mexican Fintech Konfio
Tarsadia Capital and QED Investors led a USD110m Series E+ for Konfio, a Mexican lending platform for SMEs, with follow-on from SoftBank, KASZEK, VEF, IFC and Lightrock. Read More
01 Advisors and The Spruce House Partnership Lead USD20m Series A for UAE’s Nomad Homes
01 Advisors and The Spruce House Partnership led a USD20m Series A for UAE-based proptech Nomad Homes, with participation from investors including Goodwater Capital, HighSage Ventures, Abstract Ventures, Partech, Class 5 Global, Precursor Ventures, Alta Park Capital and angel investors. Read More
Sequoia Capital Leads USD90m Series A for India’s CredAvenue
Sequoia Capital led a USD90m Series A for India-based debt platform CredAvenue, with participation from Lightspeed,TVS Capital Funds, Lightrock and Stride Ventures, at a reported USD410m valuation. Read More