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Recharge Capital Leads USD7.2m Seed Round for Pakistani Fintech SadaPay
Recharge Capital led a USD7.2m seed round for Pakistan-based fintech SadaPay, with follow-on from Kingsway Capital, Raptor Group and angel investors. Read More
Mid Europa Acquires Lithuanian E-Commerce Platform Pigu
Mid Europa Partners has agreed to acquire Lithuania-based e-commerce platform UAB Pigu (Pigu) from MCI.Techventures and minority shareholders for an undisclosed amount. Mid Europa has also agreed with MCI.Euroventures and the founding shareholders of Pigu and Finland-based e-commerce platform Hobby Hall Group OÜ (HHG) to combine Pigu and HHG. Read More
Finch Capital Acquires Wirecard Turkey
Finch Capital, through Nomu Pay, has agreed to acquire Wirecard Turkey, a subsidiary of Wirecard, for an undisclosed amount. The acquisition is subject to regulatory approval. Read More
Alibaba and DST Lead USD750m Round for Chinese Community Buying App Nice Tuan
Alibaba and DST Global led a USD750m round for China-based grocery community buying app Nice Tuan, with participation from Dragoneer Investment Group, CDH Investments, GGV, Kulun Capital, DE Shaw, Anatole Investment, Jeration Capital and others. Read More
Digital Colony Acquires 4,200+ Telco Towers From Indonesia’s PT Indosat for USD750m
Digital Colony has acquired more than 4,200 telecom towers from Indonesia-based digital telecommunications company PT Indosat, a unit of Qatar-based Ooredo Group, for USD750m. Read More
Kotak Special Situations Fund Invests ~USD48m in Indian Payment Solutions Provider AGS Transact
Kotak Investment Advisors, through its Kotak Special Situations Fund, has invested INR3.5b (~USD47.6m) in India-based payment solutions provider AGS Transact Technologies in the form of non-convertible debentures. Read More
Matrix Partners Leads USD90m Series E2 for Chinese Online Corporate Training Provider Yunxuetang
Matrix Partners China led a USD90m Series E2 for China-based online corporate training services provider Yunxuetang, with participation from Sequoia Capital China and Hundreds Capital. Tencent Holdings led the USD100m first tranche of the Series E in January 2021. Read More
Vinci Partners Reaches USD173m Final Close for Vinci Impacto e Retorno IV
Vinci Partners has reached a BRL1b (~USD173m) final close for Vinci Impacto e Retorno IV. The vehicle will invest in medium-sized companies operating in the healthcare, education, retail, IT and food sectors in Brazil. Read More
TCV Leads USD130m Series C for Brazilian Content Distribution Platform Hotmart
TCV led a BRL735m (~USD130m) Series C for Brazil-based content distribution platform Hotmart, with participation from Alkeon Capital. Read More
Criterion Africa Partners Exits Eswatini’s Peak Timbers to Shiselweni Forestry Company
Criterion Africa Partners has sold the forestry and sawmilling business of its portfolio company Peak Timbers to Shiselweni Forestry Company, a subsidiary of ZARX-listed TWK Investments, for an undisclosed amount. Read More
Riyada Managers-Backed Taaleem Raises ~USD131m via EGX IPO
Taaleem Management Services, an Egypt-based higher education platform backed by Riyada Managers, has raised EGP2.057b (~USD131m) in an IPO on the EGX. The listing consisted of a secondary sale of a 49% stake in the company held by Riyada Managers, which retains a 20% stake. Read More
Anthemis Exponential Leads USD7m Round for UAE’s Fintech NOW Money
Anthemis Exponential Ventures led a USD7m round for NOW Money, a Dubai-based fintech that provides digital accounts, low-cost remittances and other financial services to migrant workers, with participation from Knuru Capital, Wamda, Commercial Bank of Dubai, DIFC FinTech Fund, Accion Venture Lab, Greenhouse Capital and Hambro Perks’ Oryx Fund. Read More