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Invesco Leads USD155m Series C for China’s Brii Biosciences

Invesco Developing Markets Fund led a USD155m Series C for Brii Biosciences, a China-focused drug developer with operations in China and the US, with participation from GIC and Lake Bleu Capital. Read More

PAG Increases Stake in Edelweiss Wealth Management to 61.5%

Pacific Alliance Group (PAG) has agreed to acquire an additional 10% stake in India-based Edelweiss Wealth Management, which includes the wealth management, investment banking and capital market businesses of Edelweiss Global Investment Advisors, from existing investors Kora Management and Sanaka Capital, bringing its overall investment in the company to INR23.6b (~USD325m).  PAG originally acquired a 51% stake in the company… Read More

D1 Capital Leads USD425m Series D for Brazilian Proptech Loft

D1 Capital led a USD425m Series D for Brazilian proptech Loft at a USD2.2b valuation, with participation from Advent International, Altimeter Capital Management, Canada Pension Plan Investment Board, DST Global, GIC, Silver Lake, Soros Fund Management, Tarsadia and Tiger Global Management. Existing investors Andreessen Horowitz, Caffeinated Capital, Fifth Wall, monashees, QED Investors and Vulcan Capital followed on. Read More

Sequoia Capital Leads USD45m Series D for Indian Beauty E-Commerce Platform Purplle

Sequoia Capital India led a USD45m Series D for Purplle, an India-based e-commerce platform for beauty products, with follow-on from Verlinvest, Blume Ventures and JSW Ventures. Read More

EBRD and Goldman Sachs Invest in Turkish Fintech DgPays

EBRD and Goldman Sachs have made an undisclosed investment in Turkey-based digital payment system provider DgPays. Read More

M Capital Management Reaches ~USD31m Final Close for Debut Southeast Asia VC Fund

M Capital Management has reached a USD30.85m final close for M Venture Partners, its debut fund focused on early-stage investments in Southeast Asia. Read More

Bain Capital Invests USD200m in China’s Newlink Group

Bain Capital has invested USD200m in Newlink Group, a China-based startup that helps drivers find gas stations and vehicle charging points through its online platform. Read More

Openspace Ventures Leads USD20m Pre-Series B for Indonesian Fintech Pluang

Openspace Ventures led a USD20m pre-Series B for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from Gojek’s Go Ventures and other returning investors. Read More

Warburg Partially Exits India’s Kalyan Jewellers via IPO

Warburg Pincus has partially exited its stake in India-based jewellery company Kalyan Jewellers via the company’s INR11.75b (~USD161m) IPO on the NSE and BSE. Warburg sold shares worth INR2.5b (~USD34m). Read More

Accel Leads USD90m Series D for Brazilian E-Commerce Platform Nuvemshop

Accel led a USD90m Series D for Nuvemshop, a Brazil-based e-commerce platform for SMEs with operations in Mexico, Brazil and Argentina, with participation from ThornTree Capital and follow-on from KaszeK Ventures, Qualcomm Ventures and others. KaszeK and Qualcomm led the company’s USD30m Series C in October 2020. Read More

Amethis Acquires Moroccan Micro-Irrigation Specialist Magriser Group

Amethis, through its Amethis MENA Fund II, has acquired a majority stake in Magriser Group, a Morocco-based company specialized in the distribution and installation of turnkey micro-irrigation and solar pumping systems. Read More

CPP Investments to Invest USD214.5m in Brazilian Water and Sewage Service Holding Company Igua Saneamento

Canada Pension Plan Investment Board (CPP Investments) has agreed to invest BRL1.178b (~USD214.5m) for a 45% stake in Brazil-based water and sewage service holding company Igua Saneamento, partnering with existing investors including IG4 Capital and AIMCo. Read More