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Meridiam Invests USD48m in Africa-Focused Data Center Developer Raxio Group
Meridiam has agreed to invest USD48m in pan-African data center developer Raxio Group as part of a partnership that will help develop a network of data centers in Africa. Raxio’s founding equity partner Roha Group invested alongside Meridiam. Read More
KKR and Sequoia Capital Lead USD234m Investment in Indian NBFC Five Star Business Finance
KKR and Sequoia Capital India led a USD234m investment in India-based non-banking financial company Five Star Business Finance, with participation from Norwest Venture Partners and TVS Capital, at a reported USD1.4b valuation. The deal facilitated an exit for Morgan Stanley Private Equity Asia. Read More
MC Global Edtech Investment Leads USD460m Series F for Indian Edtech Byju’s
MC Global Edtech Investment Holdings led a USD460m tranche as part of the ongoing Series F for Indian edtech Byju’s, with participation from B Capital, Baron Global Advantage Fund, Arison Holdings, TCDS India and TIGA India. MC Global Edtech Investment Holdings invested USD224m. Read More
DFC Commits USD35m to Root Capital
DFC has committed USD35m to Root Capital, a US-based impact investor that provides financing to farmers and small agricultural businesses in Latin America, sub-Saharan Africa and Southeast Asia. Read More
KKR, GL Ventures and Vision Plus Capital Lead USD200m Series C for Chinese Edtech Hetao101
KKR, GL Ventures and Vision Plus Capital led a USD200m Series C for Hetao101, a China-based edtech that provides computer programming courses for children, with follow-on from Source Code Capital and Huaxing Growth Capital. Read More
Naghi Group, AlTour Group, Derayah Ventures, Others Invest USD20m Series A for UAE’s Cloud Kitchen Platform iKcon
Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group and Nazer Group invested a USD20m Series A for Dubai-based cloud kitchen operator iKcon (Innovative Kitchen Concepts). Read More
Gulf Capital Invests USD30m in UAE’s ART Fertility Clinics
Gulf Capital has invested an additional USD30m in portfolio company ART Fertility Clinics, a UAE-based provider of fertility treatment services, to expand its operations to India. Gulf Capital acquired 100% of ART Fertility Clinics for over USD100m in January 2020. Read More
Ribbit Capital Leads USD65m Series A+ for Indonesian Investment App Ajaib
Ribbit Capital led a USD65m Series A extension for Indonesia-based investment app Ajaib, with participation from Y Combinator Continuity, ICONIQ Capital and Bangkok Bank PLC and follow-on from Horizons Ventures, SoftBank Ventures Asia, Alpha JWC and Insignia Ventures. David Velez (Nubank) and SG Lee (Toss) also participated in the round. Ajaib raised a USD25m Series A in January 2021. Read… Read More
Sequoia and Tiger Global Lead USD300m Series C for Turkish Grocery Delivery Startup Getir
Sequoia Capital and existing investor Tiger Global Management led a USD300m Series C for Turkey-based grocery delivery platform Getir at a reported USD2.6b valuation. Crankstart Investments and Base Partners led the company’s USD128m Series B in January 2021. Read More
Matrix China, BA Capital, CITIC and Maison Capital Invest USD122m Series B for Chinese Yogurt Brand Simple Love
Existing investors Matrix China, BA Capital, CITIC Agricultural Fund and Maison Capital have invested a CNY800m (~USD122m) Series B for China-based yogurt brand Simple Love (also known as Jian’Ai), with participation from Sequoia Capital China, Yunfeng Capital, Proterra Investment Partners and DCP Investments. Read More
TCV, D1 Capital and Falcon Edge Lead USD400m Investment in India’s Dream Sports; Kalaari and Multiples Exit
Technology Crossover Ventures (TCV), D1 Capital Partners and Falcon Edge Capital led a USD400m investment in Dream Sports, the India-based owner of online fantasy sports app Dream11, at a reported USD5b valuation. The round facilitated an exit for Kalaari Capital and Multiples Alternate Asset Management and saw participation from existing investors Tiger Global Management, ChrysCapital, TPG Growth, Steadview Capital and… Read More
Wise Road Capital in USD1.4b Take Private of South Korea’s Magnachip Semiconductor
Wise Road Capital has agreed to acquire South Korea-based chip maker Magnachip Semiconductor Corporation through a take-private deal valued at USD1.4b. Read More