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Tiger Global Leads USD83m Series D for Indian Investment App Groww
Tiger Global Management led a USD83m Series D for India-based investment app Groww at a reported USD1b valuation, with follow-on from Sequoia Capital India, Ribbit Capital, YC Continuity and Proptel Venture Partners. Read More
I&P Invests Seed Rounds for Cote d’Ivoire’s Keiwa and Legafrik
Investisseurs & Partenaires (I&P), through its Acceleration Technologies program, has provided seed funding to Keiwa and Legafrik, two Cote d’Ivoire-based tech startups. Read More
D1 Capital, Founders Fund, Ribbit and BOND Lead USD485m Series D for Mexican Car Resale Marketplace Kavak
D1 Capital Partners, Founders Fund, Ribbit Capital and BOND led a USD485m Series D for Mexico-based car resale marketplace Kavak, at a reported USD4b valuation. SoftBank, DST Global and Greenoaks Capital led an undisclosed round in October 2020. Read More
QED Investors Leads USD12m Series A for Mexican Logistics Startup Nuvocargo
QED Investors led a USD12m Series A for Nuvocargo, a Mexico-based digital logistics platform for cross-border trade, with participation from David Velez (Nubank), Michael Ronen (SoftBank), FJ Labs, Clocktower, Karim Atiyeh (Ramp), Raymond Tonsing (Caffeinated Capital), Satya Patel (Homebrew) and Sebastian Castro (Kushki). Existing investors NFX, ALLVP, Magma Partners, MAYA Capital, One Way Ventures and Ride Ventures followed on. Read… Read More
TPG Growth and Prosus Ventures Lead USD350m Series E for Indian Online Pharmacy PharmEasy
TPG Growth and Prosus Ventures led a USD350m Series E for India-based online pharmacy PharmEasy, with follow-on from Temasek, CDPQ, LGT Lightrock, Eight Roads and Think Investments. Read More
Aqua Capital’s AgroGalaxy Acquires Brazil’s Sementes Campeã and Boa Vista for ~USD9.5m
Aqua Capital’s AgroGalaxy, a holding company bringing together Aqua Capital’s agribusinesses, has acquired the remaining 30% stake in Brazil-based Sementes Campeã for BRL12.3m (~USD2.2m), after acquiring a 70% stake in 2019. AgroGalaxy also acquired Brazil-based Boa Vista for BRL41.3m (~USD7.3m). Read More
Lakeshore Capital Reaches USD150m Final Close for Thai Fund
Lakeshore Capital has reached a USD150m final close for its second fund targeting investments in SMEs in Thailand. Read More
Source Code Capital Reaches Combined USD1b Final Close for USD Funds
Source Code Capital has reached a combined USD1b final close for its latest USD-denominated funds, Source Code Venture Fund V and Source Code Growth Fund II, with total commitments of USD420m and USD580m, respectively. Read More
PERSOL Leads USD22.5m Series C for Singaporean Career Platform Glints
Japan-based HR management firm PERSOL Holdings led a USD22.5m Series C for Singapore-based career platform Glints, with follow-on from Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures and Wavemaker Partners. Read More
ChrysCapital Acquires 27% Stake in Indian Pharma Corona Remedies, Creador Exits
ChrysCapital has acquired a 27% stake for an undisclosed amount in India-based pharmaceuticals company Corona Remedies, facilitating a full exit for Creador. Read More
Falcon Edge and Coatue Lead USD215m Series D for Indian Bill Payment and Rewards Platform CRED
Falcon Edge Capital and Coatue Management led a USD215m Series D for India-based bill payment and rewards platform CRED, with participation from Insight Partners and follow-on from DST Global, RTP Global, Tiger Global Management, Greenoaks Capital, Dragoneer Investment Group and Sofina. The latest round brings the company’s valuation to USD2.2b. Read More
KKR Reaches USD15b for Asian Fund IV
KKR has reached a USD15b final close for its KKR Asian Fund IV. The vehicle will make private equity investments in the Asia Pacific region. KKR will be investing approximately USD1.3b in capital alongside fund investors through the firm and its employees’ commitments. Read More