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Google to Invest USD4.5b in India’s Jio Platforms for 7.7% Stake
Google has agreed to invest USD4.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 7.7% stake. Read More
SFERS Commits USD75m to SSG Secured Lending Opportunities III
San Francisco Employees’ Retirement System has committed USD75m to SSG Secured Lending Opportunities III, a fund managed by Asia-focused credit and special situations investor SSG Capital Management. The vehicle will focus on lending opportunities in the Asia Pacific region. Read More
SVB Closes USD30m Latin America Debt Fund
SVB Financial Group has announced the close of its growth debt fund (Latin America Growth Lending Fund) at USD30m. The vehicle, which was established in partnership with Partners for Growth and IDB Invest, will provide structured debt to late-stage companies in sectors such as software, technology, life sciences, health care, and fintech across Latin America and the Caribbean. Read More
Hillhouse Capital to Invest USD310m in Chinese Drug Maker Joincare via Private Placement
Hillhouse Capital has agreed to invest USD310m in Shanghai-listed drug maker Joincare Pharmaceutical Group Industry through a private placement for an 8% stake. Read More
Walmart Leads USD1.2b Investment in Indian E-Commerce Company Flipkart
Walmart led a USD1.2b investment in India-based e-commerce company Flipkart, with participation from existing shareholders. Walmart first invested in Flipkart in 2018, when it acquired a 77% stake for USD16b. Read More
Google to Launch USD10b India Digitization Fund
Google has announced the launch of a INR750b (approximately USD10b) fund to make equity, operational, infrastructure, and ecosystem investments that accelerate the pace of digitization in India. Read More
ASMA Invest Commits Undisclosed Amount to SEAF Morocco Growth Fund
ASMA Invest has committed an undisclosed amount in SEAF Morocco Growth Fund. The vehicle, which was created as part of the InnovInvest Fund program managed by the Caisse Centrale de Garantie, invests in innovative startups and SMEs with high growth potential in Morocco. Read More
Novastar Ventures, AXA Impact Fund, FMO, and Mirova Lead USD28m Series B for Kenyan Tech-Enabled Sustainable Forestry Company Komaza
Novastar Ventures, AXA Impact Fund, FMO, and Mirova’s Land Degradation Neutrality Fund led a USD28m Series B for Kenya-based tech-enabled sustainable forestry company Komaza. Read More
Partech, IFC, We-Fi, and MSA Capital Lead USD10m Pre-Series B for Nigerian E-Commerce Startup TradeDepot
Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi), and MSA Capital led a USD10m pre-Series B for Nigeria-based B2B e-commerce startup TradeDepot. Read More
Qualcomm Invests USD97m in India’s Jio Platforms for 0.15% Stake
Qualcomm Ventures has agreed to invest INR7.3b (approximately USD97m) in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 0.15% stake. Read More
IFC to Commit USD60m to Mekong Capital’s MEF IV
International Finance Corporation has approved a USD60m commitment to Mekong Capital’s Mekong Enterprise Fund IV. Of the USD60m, USD30m has been allocated to co-investment opportunities. The vehicle, which targets USD250m, will invest in consumer-related sectors in Vietnam. Read More
IFC Provides Combined USD319m in Loans to Four African Businesses
International Finance Corporation (IFC) has agreed to provide up to USD319m in loans to four businesses in Africa. Specifically, IFC will provide loans of USD185m to The Standard Bank of South Africa, USD100m to Egypt’s Commercial International Bank, USD28.2m to NSIA Banque Côte d’Ivoire, and USD5.2m to Ghanaian health care business Nyhao Medical Centre. Read more on the investments in… Read More