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Sequoia China Leads USD2b Round for Chinese Grocery Shopping App Xingsheng Youxuan
Sequoia Capital China led a USD2b funding round for China-based community grocery shopping app Xingsheng Youxuan, with participation from FountainVest Partners, Primavera Capital Group, KKR, Tencent Holdings, Temasek, and China Evergrande Group. Read More
MGM Innova Capital Invests USD4m in Mexican Clean Energy Financing Platform Wirewatt
MGM Innova Capital has invested USD4m in Wirewatt, a Mexico-based clean energy financing platform providing loans to homeowners and SMEs to finance solar, battery, and other energy-efficiency improvement projects. Read More
Arlon Group and FitPart Invest USD18.5m in Brazilian Logistics Solutions Company Sotran
Arlon Group and FitPart have invested BRL100m (approximately USD18.5m) in Sotran, a Brazil-based logistics solutions company serving the agribusiness sector. Read More
Turkven Sells 33% Stake in London-Listed DP Eurasia for USD34.8m
Turkven has sold its 32.81% stake London-listed DP Eurasia, the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Georgia, and Azerbaijan, to Jubilant Foodworks, which already runs the Indian unit of Domino’s Pizza, for GBP25m (approximately USD34.8m). Read More
Invus Opportunities and SoftBank Lead USD84.5m Round for Brazilian Edtech Descomplica
Invus Opportunities and SoftBank led a USD84.5m round for Brazil-based edtech Descomplica, with participation from Valor Capital Group, Península Participações, Chan Zuckerberg Initiative, and Amadeus Capital Partners. The Edge, guitar player of Irish rock band U2, also joined the round. Read More
Share Capital Leads USD93m Series C for China’s Binhui Biotech
Share Capital led a CNY600m (approximately USD93m) Series C for Binhui Biotech, a China-based biotechnology company focused on the development of oncology immunotherapies, with participation from CICC Capital, Vertex Ventures China, and Shenzhen Capital Group, and follow-on from Lapam Capital. Read More
Carlyle Invests USD200m in South Korean MaaS Platform Kakao Mobility
The Carlyle Group, through its Carlyle Asia Partners V, has agreed to invest USD200m in South Korea-based mobility-as-a-service (MaaS) platform Kakao Mobility. Read More
Avataar Ventures Reaches USD100m Final Close for Opportunity Fund
Avataar Ventures has reached a USD100m final close for its opportunity fund. The vehicle will target investments in B2B and SaaS companies and will invest follow-on rounds for existing portfolio companies. Read More
Warburg to Exit Stake in DTH Unit of Indian Telecom Services Provider Bharti Airtel via Buyback for USD429.5m
Warburg Pincus has agreed to exit its stake in Bharti Telemedia, the direct-to-home (DTH) satellite television services arm of Indian telecom services provider Bharti Airtel, via a share buyback worth USD429.5m in cash and shares. Read More
Metier Invests in Africa-Focused Energy Solutions Provider Energy Vision
Metier, through its Sustainable Capital Fund, has made an undisclosed investment in Energy Vision, a provider of clean and cost-effective energy solutions for telecom towers across Africa. Read More
DFC Invests USD1m in Rwandan Women Health Products Marketplace Kasha Global
DFC has made a USD1m equity investment in Kasha Global, a Rwanda-based e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya. Swedfund and Finnfund previously invested in the company. Read More
Accel and Lightspeed Invest USD15m Seed Round for Indian Fintech Zolve
Accel Partners and Lightspeed Venture Partners have invested a USD15m seed round for Zolve Innovations, a cross-border neobanking platform based in India, with participation from Blume Ventures, Founder Collective, and angel investors including former Helion Managing Director Dr. Ashish Gupta, Greg Kidd, Cred Founder Kunal Shah, DST Global Managing Partner Rahul Mehta, and Coatue Capital Senior Managing Director Rahul Kishore.… Read More