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India’s Magenta Mobility Raises USD22m Equity Round
Magenta Mobility, an India-based EV charging station provider, raised a USD22m equity round from Morgan Stanley and BP Ventures. Read More
Kotak Reaches USD1.25b First Close for Special Situations Fund II
Kotak reached a USD1.25b first close for its second special situations fund, focused on opportunities in India. The vehicle has a USD1.6b target. Read More
FMO To Invest USD74m in India’s Fourth Partner Energy
FMO agreed to invest USD74m in debt financing Fourth Partner Energy, an India-based solar energy provider for corporate and industrial companies. Read More
Mubadala and 42X Fund Lead USD300m Series B for China’s JD Industrials
Mubadala and 42X Fund led a USD300m Series B for JD Industrials, the industrial supply chain subsidiary of China-based JD.com, with participation from M&G and BPEA EQT and follow-on from Sequoia China. Read More
IFC To Invest ~USD72.6m in India’s Mahindra & Mahindra
IFC agreed to invest INR6b (~USD72.6m) in Mahindra & Mahindra, an India-based automaker manufacturing electric three-wheelers and small commercial vehicles. Read More
DEG Leads Investment for Indonesia’s Etana
DEG led an investment in Indonesia-based biopharmaceutical company Etana with USD8m in equity and participation from Yunfeng Capital, HighLight Capital and East Ventures. Read More
BlackRock-backed Climate Finance Partnership Acquires Kenya’s Turkana Wind Power Limited
Climate Finance Partnership, a vehicle managed by BlackRock Alternatives, agreed to acquire Turkana Wind Power Limited, a Kenya-based wind farm. The deal will facilitate an exit for Finnfund. Read More
Openspace Ventures Leads USD10m pre-Series A in Indonesia’s Broom
Openspace Ventures led a USD10m pre-Series A for Broom, an Indonesia-based auto financing platform, with participation from Quona Capital, MUFG Innovation Partners, BRI Ventures and AC Ventures. Read More
Malaysia’s Viewpoint Software Raises USD40m
Viewpoint Software, a Malaysia-based business entity engagement software provider, raised USD40m from BPEA EQT and CPP Investments. Read More
INCE Capital and Qiming Venture Partners Lead USD50m Series B for China’s Allorion Therapeutics
INCE Capital and Qiming Venture Partners led a USD50m Series B for Allorion Therapeutics, a China-based drug developer that focuses on treating oncology and autoimmune diseases, with participation from TF Capital, Long River Investment, 3SBio, Octagon Capital and Elikon Venture. Read More
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