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Carlyle Partially Exits India’s SBI Cards for ~USD540m
The Carlyle Group has partially exited its stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR39b (~USD540m) through open market transactions. Carlyle previously pared down its stake via the company’s IPO in February 2020. Read More
Sequoia and IMM Make USD115m Follow-On Investment in South Korean Online Fashion Platform Musinsa
Existing investors Sequoia Capital and IMM Investment have made a KRW130b (~USD115m) follow-on investment in South Korea-based online fashion platform Musinsa at a reported KRW2.5t (~USD2.2b) valuation. Read More
SoftBank and Tencent Lead USD300m Series E for Singaporean Innovation Intelligence Platform PatSnap
SoftBank Vision Fund II and Tencent led a USD300m Series E for Singapore-based innovation intelligence platform PatSnap, with follow-on from CITIC Industrial Fund, Sequoia Capital China, ShunWei Capital and Vertex Ventures. Read More
Portag3 and Gradient Ventures Lead USD14m Series A+ for Mexican Fintech Fondeadora
Portag3 and existing investor Gradient Ventures led a USD14m Series A extension for Mexico-based challenger bank Fondeadora, with participation from angel investors. Gradient Ventures led the USD14m first tranche of the company’s Series A in August 2020. Read More
SHUAA Capital Leads USD50m Venture Debt Investment for UAE’s Agtech Pure Harvest Smart Farms
SHUAA Capital led a USD50m venture debt investment for UAE-based agtech Pure Harvest Smart Farms. Sancta Capital led a USD10m equity round in January 2021. Read More
Ninety One’s EAIF Provides USD34.6m in Financing to Urbasolar Project in Burkina Faso
Ninety One’s EAIF has agreed to provide EUR29m (approximately USD34.6m) in financing to Urbasolar, the developer of a 30MW solar plant in Burkina Faso. The new solar energy plant will supply all the electricity it produces to Burkina Faso’s national power utility. Read More
Derayah Ventures Leads USD7.2m Series A for Saudi Fintech Lendo
Derayah Ventures led a USD7.2m Series A for Saudi Arabia-based fintech Lendo, with participation from Seedra Ventures, Shorooq Partners, 500 Startups and Impact46. Read More
Warburg and Hillhouse Lead USD700m Series A for China’s JD Property
Warburg Pincus and Hillhouse Capital led a USD700m Series A for JD Property, the infrastructure asset management arm of China-based online retailer JD.com. Read More
Boa Vista Acquires Crescera-Backed Konduto for USD30.6m
Boa Vista has acquired 100% of Konduto, a Brazilian anti-fraud startup backed by Crescera Capital, for BRL172m (approximately USD30.6m). Read More
Openspace Reaches USD200m Final Close for Southeast Asia VC Fund
Openspace Ventures has reached a USD200m final close for its third Southeast Asia VC fund targeting Series A and B rounds for companies in the B2C and B2B technology sectors. Read More
Tencent, Centurium Capital and ZWC Partners Invest USD139m Series D for Chinese E-Signature Specialist Fadada
Tencent Holdings, Centurium Capital and ZWC Partners have invested a CNY900m (approximately USD139m) Series D for Fadada, a China-based e-signature and cloud contract service provider. Read More
Ares SSG Acquires Altico Capital India for USD380m
Hong Kong-based stressed asset specialist Ares SSG has acquired real estate lending firm Altico Capital India for INR28b (~USD380m). Read More