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Better Tomorrow, 1982 Ventures, Others Invest Seed Round for Indonesian Fintech Brick
Better Tomorrow, PT Prasetia Dwidharma, 1982 Ventures, Antler and Rally Cap Ventures have invested an undisclosed seed round for Indonesia-based financial API provider Brick. The round also saw participation from angel investors including Shefali Roy (TrueLayer), Kunal Shah (Cred), Reynold Wijaya (Modalku), Quek Siu Rui (Carousell) and the founders of Nium, Xfers, Aspire, BukuWarung, ZenRooms and CareemPay. Read More
CMB International and Tiantu Capital Lead USD300m Series D for Chinese Ingredients Supplier Guoquan
CMB International and Tiantu Capital led a USD300m Series C for China-based hot pot ingredients supplier Guoquan Shihui. Read More
Eximius Ventures Reaches USD10m Final Close for Debut India VC Fund
Eximius Ventures has reached a USD10m final close for its maiden fund, a micro VC vehicle targeting early-stage investments in the edtech, healthtech, fintech, gaming, B2B, SaaS and online media sectors in India. Read More
ADB Ventures Makes Debut Investments in India’s Euler Motors and Smart Joules
ADB Ventures, the impact venture arm of the Asian Development Bank, has participated in a USD9.4m Series A for India-based EV manufacturer and fleet operator Euler Motors along with Blume Ventures and Inventus Venture Partners; it also joined a USD4.1m Series A for India-based energy efficiency-as-a-service company Smart Joules along with Sangam Ventures, Max I. Limited and angel investors. Read… Read More
Valar Ventures Leads USD25m Series A for Nigerian Fintech Kuda
Valar Ventures led a USD25m Series A for Nigeria-based fintech Kuda, with follow-on from Target Global. Kuda raised a USD10m seed round led by Target Global in November 2020. Read More
TPG Rise Fund to Invest USD200m in Airtel Africa’s Airtel Mobile Commerce
TPG’s The Rise Fund has agreed to invest USD200m in Airtel Mobile Commerce BV (AMC BV), an Airtel Africa subsidiary and the holding company for several of Airtel Africa’s mobile money operations across 14 African countries. The investment will bring AMC BV’s valuation to USD2.65b. Read More
Adobe Capital Invests in Chilean Refurbished Phone Company Rephone
Adobe Capital, through its Adobe Mezzanine Fund II, has invested an undisclosed amount in Rephone, a Chile-based company that recovers, refurbishes and resells previously used smartphones. Read More
Cinven, Permira and Mid Europa Sell Stakes in Polish E-Commerce Group Allegro for USD1.2b
Cinven, Permira and Mid Europa Partners have sold 76.5m shares in Warsaw-listed e-commerce group Allegro for USD1.2b. Allegro listed on the Warsaw Stock Exchange in September 2020. Read More
Propeller Reaches First Close for MENA VC Fund
Jordan-based VC Propeller has reached an undisclosed first close for Propeller Ventures II. The vehicle has a target size of USD15m and plans to invest in pre-seed and seed-stage startups in Jordan and the wider MENA region. Read More
Creandum Leads USD12m Series A for Hungarian Fraud Prevention Platform Seon
Creandum led a USD12m Series A for Hungary-based fraud prevention platform Seon, with participation from PortfoLion. Read More
Kotak Invests USD5.6m Debt in Indian Specialty Chemicals Company DCW
Kotak Investment Advisors, through its Kotak Special Situations Fund, has invested INR410m (~USD5.6m) in India-based specialty chemicals company DCW in the form of non-convertible debentures and optionally convertible debentures. Read More
Falcon Edge Leads USD75m Round for Indian Online Insurance Aggregator PolicyBazaar
Falcon Edge Capital led a USD75m round for India-based online insurance aggregator PolicyBazaar. The company, which is backed by SoftBank, Temasek, Tiger Global Management, True North and others, will use the fresh capital to expand its presence in the UAE and the Middle East. Read More