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Capria Ventures Reaches USD100 First Close for Global South Fund II
Capria Ventures reached a first close for its second global south fund, which aims to back 20-25 tech startups in Africa, India, Southeast Asia, Latin America and the Middle East. The fund has a target of USD100m. Read More
Asian Development Bank To Provide USD174m of Loans to Saudi Arabia’s ACWA Power
The Asian Development Bank agreed to provide USD174m of loans to Saudi Arabia-based energy company ACWA Power to develop two wind power plants in Uzbekistan. Read More
Logos Ventures Leads USD2.5m Seed Round for Senegal’s Chargel
Logos Ventures led a USD2.5m seed round for Chargel, a Senegal-based trucking logistics platform, with participation from Ventures Platform, Foundation Botnar, DFS Labs and Seedstars. Read More
DPI-led Consortium Acquires Cote d’Ivoire’s Solevo
A consortium of investors led by DPI acquired Solevo, a Cote d’Ivoire-based distribution platform for specialty chemicals, from Helios Investment Partners. South Suez and DEG co-invested in the buyout. Read More
Monk’s Hill Ventures Reaches USD200m Final Close for Fund III
Monk’s Hill Ventures reached a USD200m final close for its third early-stage fund focused on tech investments in Southeast Asia. The vehicle had a target of USD150m. Read More
General Atlantic Invests Additional USD100m in India’s PhonePe
General Atlantic invested an additional USD100m in PhonePe, an India-based mobile payments app. General Atlantic first invested USD350m in January 2023. Read More
Saudi Arabia’s Hakbah Raises USD2m Pre-Series A
Hakbah, a Saudi Arabia-based financial savings platform, raised a USD2m pre-Series A from Global Ventures and Aditum Investment Management. Read More
Amethis and Diot-Siaci To Acquire Stake in Morocco’s ASK Gras Savoye Group
Amethis and Diot-Siaci agreed to acquire a stake in ASK Gras Savoye Group, a Morocco-based insurance broker and risk advisory company. Read More
Temasek and Steadview Capital To Lead USD90m Investment in India’s Atomberg
Temasek and Steadview Capital agreed to lead a USD90m investment in Atomberg, an India-based energy efficient fan manufacturer. Read More
Mizuho Financial Group Leads USD270m Series D for Indonesia’s Kredivo Holdings
Mizuho Financial Group led a USD270m Series D for Kredivo Holdings, an Indonesia-based credit services platform, with follow-on from Openspace Ventures, Square Peg Capital, Jungle Ventures, Naver Financial Corporation and GMO Venture Partners. Read More
Temasek To Acquire Controlling Stake in India’s Manipal Health for ~USD2b
Temasek agreed to acquire an additional 41% stake in Manipal Health, an India-based chain of multi-specialty hospitals for INR165b (~USD2b), to become the majority shareholder. Read More
DPI and Amethis Acquire Stake in Egypt’s Marcyrl
DPI and Amethis acquired a stake in Marcyrl, an Egypt-based pharmaceuticals manufacturer focused on specialty generic drugs. Read More