GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Tiger Global and Zomato to Invest USD120m in Indian E-Grocer Grofers
Tiger Global Management and Indian food delivery giant Zomato agreed to invest USD120m in India-based online grocery delivery platform Grofers at a reported valuation of USD1b+. Read More
I&P Leads USD7.9m Series A for Ghanaian Fintech Zeepay
Investisseurs & Partenaires (I&P) led a USD7.9m Series A for Ghana-based fintech Zeepay, with participation from ARK Holdings and follow-on from GOODsoil VC. Read More
Insitor Partners Leads Seed Round for Pakistani Fintech CreditFix
Insitor Partners led an undisclosed seed round for Pakistan-based fintech CreditFix. This is Insitor Partners’ first investment in Pakistan. Read More
Actis Invests USD20m in JV with Vietnam’s An Phat Holdings
Actis signed a joint venture agreement with Vietnam-based environmentally friendly plastic producer An Phat Holdings. As part of the agreement, Actis will invest USD20m in An Phat Complex, a subsidiary of An Phat Holdings, to support the development of An Phat 1 Industrial Park. Read More
Tencent Invests USD40m Debt in Indian Music Streaming Platform Gaana
Tencent made a ~USD40m debt investment in Gaana, an India-based music streaming platform. Tencent first invested in 2018. Read More
Quadria-Led Consortium Invests in India’s Encube Ethicals, Multiples Exits
A consortium of investors led by Quadria Capital and including Gulf Islamic Investments reportedly invested up to USD120m in Encube Ethicals, an India-based contract development and manufacturing firm for topical drugs. The transaction facilitated a full exit for Multiples Alternate Asset Management. Read More
AIIM, Adenia and IFC Acquire West Africa-Focused Telecom Tower Infrastructure Company Eastcastle for USD130m
African Infrastructure Investment Managers (AIIM), Adenia Partners and IFC acquired Eastcastle, a telecom tower infrastructure company focused on West Africa, for USD130m. Read More
Youshan Capital and China Merchants Capital Lead ~USD61m Series B for China’s Han’s Robot
Youshan Capital and China Merchants Capital led a CNY395m (~USD61m) Series B for Han’s Robot, a China-based manufacturer of industrial robots, with participation from CNPC Capital, TopoScend Capital and Founder Securities Capital. Read More
Fireside Ventures Leads USD40m Seed Round for Indian E-Commerce Aggregator 10club
Fireside Ventures and an undisclosed international investor led a USD40m seed round for India-based e-commerce aggregator 10club, with participation from HeyDay, PDS international, Class 5 Global, Secocha Ventures and boAt founders Aman Gupta and Sameer Mehta. Read More
Venrock, CoinFund and 01 Advisors Invest USD14.2m Series A for Russian NFT Marketplace Rarible
Venrock, CoinFund and 01 Advisors invested USD14.2m Series A for Rarible, a Russia-based non-fungible token (NFT) marketplace. Read More
NewQuest Acquires Majority Stake in Cosmos-Maya from KKR
NewQuest Capital Partners acquired a majority stake in India-based animation company Cosmos-Maya from Emerald Media, a vehicle set up by KKR. Details of the transaction were not disclosed. Read More
Etsy Acquires Brazil’s Elo7 for USD217m; monashees, Accel and Insight Partners Exit
US-based e-commerce platform Etsy acquired Elo7, a Brazil-based handmade products marketplace, for USD217m, providing an exit for monashees, Accel Partners and Insight Partners. Read More