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PremjiInvest Leads USD110m Series D for India’s Minfinit
Premji Invest led a USD110m Series D for Mintifi, an India-based supply chain financing platform, with follow-on from International Finance Corporation (IFC), Norwest Venture Partners, Elevation Capital and others. Read More
Accion Venture Lab and Sturgeon Capital Lead USD6.4m Seed Round in Pakistan’s Trukkr
Accion Venture Lab and Sturgeon Capital led a USD6.4m seed round for Trukkr, a Pakistan-based trucking logistics platform, with participation from Peter Findley (Anchorless Bangladesh), Haitou Global and Al Zayani Venture Capital. Read More
CPP Investments Acquires Controlling Stake in India’s ReNew Energy Global for USD268m
CPP Investments acquired an additional 14% stake in India-based independent power producer ReNew Energy Global from Goldman Sachs for USD268m, to become the majority shareholder. Read More
Mediterrania Capital To Lead USD71.9m Investment in Morocco’s Laprophan
Mediterrania Capital agreed to lead a USD71.9m investment in Laprophan, a Morocco-based pharmaceuticals company, with participation from Proparco, FMO, and DEG. The investment is pending approval from the Moroccan Competition Council. Read More
Norfund and Ethos Mezzanine Partners Invest USD25m in Kenya’s Balaji Group
Norfund and Ethos Mezzanine Partners invested USD25m in Balaji Group, a Kenya-based clothing manufacturer. Read More
Kotak Mahindra Advisors Invests INR10.7b (~USD129.4) in India’s Biocon
Kotak Mahindra Advisors, the alternative assets arm of Kotak Mahindra Group, invested INR10.7bn (~USD129.4m) in Biocon, an India-based pharmaceuticals manufacturer. Read More
Kenya’s Workpay Raises USD2.7m Pre-Series A
Workpay, a Kenya-based HR payroll platform backed by YC, raised a USD2.7m pre-Series A from Launch Africa, Saviu Ventures, Acadian Ventures, Axian, P1 Ventures, Norrsken and others. Read More
Kotak Reaches USD590m First Close for Data Center Fund
Kotak reached a USD590m first close for its data center fund, focused on expanding data center capacity in India. The vehicle has a target corpus of USD800m. Read More
DOB Equity Leads USD3m Seed Round for Kenya’s Power Financial Wellness
DOB Equity led a USD3m seed round for Power Financial Wellness, a Kenya-based holistic financial services platform, with participation from Bolt by QED Investors, Quona Capital, Zephyr Acorn and Norrsken Accelerator. Read More
L Catterton Invests in China’s Partner Pet
L Catterton invested in Partner Pet, a China-based premium freeze-dried pet food company. This is L Catterton’s second pet food investment in China after investing in Shanghai Enova Pet Products, the owner of Pure & Natural, in 2022. Read More
Connecting Fund Managers with Impact Investors’ Tax Principles
The purpose of this article is to initiate communication between multilateral and bilateral development finance institutions (‘’DFIs”) and private equity fund managers (“FMs”) that seek to attract DFI funding for investments in countries within the mandate of DFIs. This is with the intention of equipping FMs with an upfront understanding of responsible tax standards typically imposed by DFIs when investing… Read More
Costanoa Ventures and Norrsken22 Lead USD20m Series B for Nigeria’s Smile Identity
Costanoa Ventures and Norrsken22 led a USD20m Series B for Smile Identity, a Nigeria-based KYC compliance and identity verification provider, with participation from Commerce Ventures, Courtside Ventures and Two Culture Capital, and follow-on from 500 Fintech, Latitude and others. Read More