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Falcon Edge, Goldman, Think Investments, Others Invest USD800m in Indian Food Delivery Platform Swiggy
Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital and Carmignac have invested USD800m in India-based food delivery platform Swiggy, with follow-on from Prosus Ventures and Accel, at a reported USD5b valuation. Read More
EverSource Acquires Solar Rooftop Assets from Azure Power Global for ~USD73m
EverSource Capital, through its subsidiary Radiance Renewables, has acquired solar rooftop assets with a 152MW capacity in India from Azure Power Global for INR5.36b (~USD73m). Read More
SoftBank Vision Fund 2 Leads USD300m Series E for Indian Social E-Commerce Company Meesho
SoftBank Vision Fund 2 led a USD300m Series E for India-based social e-commerce company Meesho, with participation from Facebook, Prosus Ventures, Shunwei Capital, Venture Highway and Knollwood Investment, at a reported USD2.1b valuation. Read More
Ribbit Capital Leads USD26.7m Series A for Brazilian Fintech Cora
Ribbit Capital led a USD26.7m Series A for Cora, a Brazil-based digital lender for SMEs, with participation from KASZEK, QED Investors and Greenoaks Capital. Read More
Vinci Acquires Brazilian Wind Farms from Petrobras & Wobben
Vinci Partners’ V2I Energia has acquired Brazilian wind farms Eólica Mangue Seco 3 and Mangue Seco 4 from Petrobras and Wobben. Read More
Sawari Ventures Reaches USD69m Final Close for Egypt Tech Fund
Sawari Ventures has reached a USD69m final close for its Egypt-focused fund. The vehicle will invest in early-stage and growth-stage tech companies in Egypt. Read More
B Capital Reaches USD415m Final Close for Follow-On Fund
B Capital has reached a USD415m final close for Elevate, a fund that will provide follow-on capital to later-stage companies within B Capital’s portfolio. Read More
Aqua Capital Acquires Brazilian Machinery Platform Rech Tratores for ~USD17.5m
Aqua Capital has acquired Brazil-based agricultural machinery reseller Rech Tratores for ~BRL100m (~USD17.5m). Read More
Infra Impact Reaches ~USD17m First Close for Mid-Market Infrastructure Fund
Infra Impact Investment Managers has reached a ZAR250m (~USD17m) first close for its Infra Impact Mid-Market Infrastructure Fund I. The vehicle, which has an initial target of ZAR1.5b (~USD102m), will provide growth capital to mid-market infrastructure businesses operating in the water, waste, energy and telecommunications sectors in South Africa. Read More
FMO Commits USD137m to EverSource’s GGEF
FMO has agreed to invest USD137m in Green Growth Equity Fund (GGEF), a vehicle managed by EverSource Capital. The fund will invest in clean energy, transportation, resource efficiency and energy services in India. Read More
Alkeon Capital Leads USD150m Round for Uruguayan Cross-Border Payment Processor dLocal
Alkeon Capital led a USD150m round for Uruguay-based payment processor dLocal, with participation from BOND, D1 Capital Partners and Tiger Global Management, at a USD5b valuation. Read More
Qingsong Reaches ~USD153m Final Close for China VC Fund
China-based VC Qingsong Fund has reached a CNY1b (~USD153m) final close for its fourth fund, a CNY-denominated vehicle targeting early- and growth-stage investments in technology and new consumer businesses in China. Read More