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Multiples Leads USD65m Series F for Indian Meat and Seafood Brand Licious
Multiples Alternate Asset Management led a USD65m Series F for India-based meat and seafood brand Licious, with participation from Brunei Investment Agency, Vertex Ventures and others. Multiples contributed USD32m to the round, while Brunei Investment Agency and Vertex Ventures contributed USD15m and USD10m, respectively. Bertelsmann Netherland, 3one4 Capital and angel investors invested the remaining amount. Read More
General Atlantic Leads USD100m Series C for UAE’s Fresha; MEVP Exits
General Atlantic led a USD100m Series C for UAE-founded beauty and wellness software platform Fresha, with follow-on from Partech, Target Global and FJ Labs. Middle East Venture Partners exited through a secondary sale. Source(s): Read More
Takatso Consortium to Acquire 51% Stake in South African Airways for ~USD221m
The Takatso consortium, which includes Harith General Partners and Global Airways, has agreed to acquire a 51% stake in South African Airways from the South African government for up to ZAR3b (~USD221m). Read More
Lightrock Leads ~USD138.6m Series C for Brazilian Bus Ticketing Platform Buser
Lightrock led a BRL700m (~USD138.6m) Series C for Buser, a Brazil-based bus ticketing platform, with participation from Iporanga Ventures and follow-on from SoftBank, monashees, Valor Capital Group, Globo Ventures and Canary. Read More
SIG and Openspace Lead Series B for Philippine Live Streaming App Kumu
SIG and Openspace Ventures led an undisclosed Series B for Kumu, a live streaming app based in the Philippines, with participation from Gentree Fund and Endeavor Catalyst Fund, and follow-on from Summit Media, Kickstart Ventures, Foxmont Capital Partners and Gobi-Core Philippine Fund. Read More
DFC Commits USD30m to Openspace Ventures Plus
DFC has committed up to USD30m to Openspace Ventures Plus, a vehicle managed by Openspace Ventures. The fund has an initial target of USD200m and will focus on mid- and later-stage venture investments in the technology sector across Southeast Asia. Read More
Carlyle and TPG Lead ~USD126m Investment in South Korea’s Kakao Mobility
A consortium of investors led by the Carlyle Group and TPG led a KRW140b (~USD126m) investment in South Korea-based transportation firm Kakao Mobility. Read More
H Capital Leads USD300m Round for Chinese Car Trading Platform Chehaoduo
H Capital led a USD300m round for China-based car trading platform Chehaoduo, with follow-on from Sequoia Capital China and IDG Capital. Read More
PAG-Backed Youran Dairy Raises USD643m in HKEX IPO
China Youran Dairy Group, a China-based upstream dairy company backed by PAG, has raised USD643m in its HKEX IPO. Read More
PIF Anchors Aberdeen & Investcorp’s ~USD800m Gulf Infrastructure Fund
Saudi Arabia’s PIF has made an anchor investment in Aberdeen Standard Investcorp Infrastructure Partners. The vehicle was set up by Investcorp and Aberdeen Standard Investments and plans to invest in core infrastructure projects in the GCC and the wider MENA region. PIF has committed up to 20% of the total fund size, which is reported to be ~USD800m. Read More
Valar Ventures and Goodwater Capital Lead USD60m Series A for Indonesian Fintech BukuWarung
Valar Ventures and Goodwater Capital led a USD60m Series A for BukuWarung, an Indonesia-based fintech for MSMEs. Read More
TPG Leads USD80m Series D+ for Indian SaaS Startup Zenoti
TPG led a USD80m Series D+ for Zenoti, an India-based software provider for the spa and wellness industry, at a reported USD1.5b valuation. Advent International led the company’s USD160m Series D in December 2020. Read More