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Prosus Ventures and Leeds Illuminate Lead USD113m Series D for Indian Edtech Eruditus
Prosus Ventures and Leeds Illuminate led a USD113m Series D for Eruditus Learning, an India-based edtech focused on providing executive-level courses. Chan Zuckerberg Initiative and existing investors Sequoia India and Ved Capital also participated in the round. Read More
PAG to Acquire 51% Stake in India’s Edelweiss Wealth Management for ~USD300m
Pacific Alliance Group (PAG) has agreed to acquire a 51% stake in India-based Edelweiss Wealth Management, which includes the wealth management, investment banking, and capital market businesses of Edelweiss Global Investment Advisors, for INR22b (approximately USD300m). Read More
Tiga Investments, OTB Ventures, and TDJ Pitango Lead USD15m Series A for Poland- and China-Based Data Analytics Platform Cosmose AI
Tiga Investments, OTB Ventures, and TDJ Pitango led a USD15m Series A for Cosmose AI, a Poland- and China-based data analytics platform focused on predicting consumers’ offline shopping behavior. Read More
STANLIB Asset Management Acquires 10% Stake in South African Renewable Energy Developer Mulilo Energy for USD10m
STANLIB Asset Management has acquired a 10% stake in South Africa-based local renewable energy developer Mulilo Energy Holdings for USD10m. Read More
Delivery Hero Acquires UAE’s E-Grocery Startup InstaShop for USD360m, Jabbar Internet and VentureFriends Exit
Delivery Hero has acquired Dubai-based grocery delivery marketplace InstaShop for USD360m, facilitating an exit for early backers Jabbar Internet Group and VentureFriends. Read More
Aleyo Capital Invests USD5.3m for 29.1% Stake in Zimbabwe’s Financial Services Company First Mutual
Aleyo Capital has agreed to invest USD5.3m for a 29.1% stake in Zimbabwe-based financial services company First Mutual Reinsurance Holdings. Under the agreement, First Mutual will establish a subsidiary, First Mutual Reinsurance Holdings Limited (FMRHL), in Botswana, which will house its two re-insurance businesses. The deal is subject to shareholder approval. Read More
CDC Makes USD12m Follow-On Investment in Ghana’s Sustainable Forestry and Timber Business Miro Forestry
CDC Group has made a USD12m follow-on investment in Miro Forestry, a sustainable forestry and timber business with operations in Ghana and Sierra Leone. The investment is part of the company’s USD48m funding round. Read More
GIC and Brookfield Acquire India’s Telecom Tower Company Reliance Jio Infratel for USD3.4b
GIC and Brookfield Asset Management have received government approval to acquire India-based telecom tower company Reliance Jio Infratel from a unit of Reliance Industries for INR252b (approximately USD3.4b). Read More
PAG Exits South Korean Toymaker Young Toys for USD127m
PAG has sold its 100% stake in South Korea-based toymaker Young Toys to a consortium including Nvestor, Corstone Asia, and Mirae-N, for USD127m. Read More
Chinese Smart EV Company Xpeng Motors Raises USD1.5b in NYSE IPO
China-based smart EV company Xpeng Motors has raised USD1.5b in its IPO on the New York Stock Exchange in an offering of 99.7m shares at USD15 apiece. Existing shareholders Alibaba, Coatue, Qatar Investment Authority, and Xiaomi have subscribed for and been allocated an additional 6.65m, 2m, 1m, and 1.6m shares, respectively. Read More
Jive Reaches USD373m First Close for Third Brazil Distressed Fund
Jive Gestão de Recursos reached a BRL2.2b (approximately USD373m) first close for its third fund, CSHG JIVE Distressed III FIC-FIM CP, which focuses on distressed assets in Brazil. Read More
Gradient Ventures Leads USD14m Series A for Mexican Challenger Bank Fondeadora
Google’s AI-focused venture fund Gradient Ventures led a USD14m Series A for Mexico-based challenger bank Fondeadora, with participation from Y Combinator, Scott Belsky, Sound Ventures, Fintech Collective, and Ignia Partners. Read More