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Sequoia India and Alpha JWC Lead USD25.4m Series A for Indonesian B2B e-Commerce Platform GudangAda
Sequoia India and Alpha JWC Ventures led a USD25.4m Series A for Indonesia-based B2B e-commerce platform GudangAda, with participation from existing investor Wavemaker Partners. GudangAda previously secured USD10.5m in a seed round in February 2020. Read More
Monachil Capital Partners Provides USD30m Line of Credit to Colombian Fintech Zinobe
Global investment management firm Monachil Capital Partners has provided a USD30m line of credit to Colombia-based fintech Zinobe. Read More
Vickers Venture Partners, Flint Hills Resources, CPV/CAP Pensionskasse Coop, and International SA Lead USD133m Series B for Biotech RWDC
Vickers Venture Partners, Flint Hills Resources, Swiss pension fund CPV/CAP Pensionskasse Coop, and International (a fund linked to Interogo Holding) co-led a USD133m Series B for RWDC Industries, a Singapore-based biotech company specialized in the production of biodegradable plastic, with participation from existing investors Eversource Retirement Plan Master Trust and WI Harper Group. Read More
AIIM’s AIIF2 Exits South African Renewable Energy Projects Cookhouse and REISA to AIIM’s IDEAS Fund
African Infrastructure Investment Managers (AIIM) has successfully divested AIIF2’s 14% stake in Cookhouse, a 139MW wind farm, and 34% stake in REISA, a 75MW solar PV facility, via sales to via sales to the firm’s IDEAS Fund. Read More
Beenext Leads USD13m Series B for Indian Logistics Startup LoadShare. CDC Group, Matrix Partners, Stellaris VP, and Alteria Join
Singapore-based VC Beenext led a INR1b (approximately USD13m) Series B for India-based logistics startup LoadShare, with participation from new investor CDC Group and existing investors Matrix Partners, Stellaris Venture Partners, and Alteria Capital. Read More
Warburg Pincus to Invest USD26.5m in Indian Lending Platform IDFC First Bank
Warburg Pincus has agreed to invest an additional INR2b (approximately USD26.5m) in India-based lending platform IDFC First Bank as part of the bank’s INR20b (approximately USD265m) capital raise. Warburg affiliate Dayside Investment has agreed to purchase 86.24m shares at approximately 30 cents (USD) apiece in the bank via a preferential allotment, bringing its share from 9.92% to 9.93%. Read More
Silver Lake to Invest USD750m for 1% stake in Indian Telecom Company Jio Platforms
US-based private equity firm Silver Lake has agreed to invest USD750m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1% stake. Facebook recently invested USD5.7b in Jio Platforms for a 9.99% stake in the company. Read More
DFC Provides USD15m Loan to Indian School Financier Varthana
US development finance institution DFC has provided a USD15m loan to Varthana, an India-based non-banking finance company focused on providing financing to schools. Read More
Geopost, Grab, Monk’s Hill, B Capital, and Others Invest USD279m Series D for Singaporean Logistics Platform Ninja Van
Geopost, the logistics division of French postal services provider La Poste, Singapore-based ride-hailing company Grab, Monk’s Hill Ventures, B Capital Group, Intouch Holdings, Carmenta Capital, Bangkok Bank, Brunei’s Zamrud Sovereign Wealth Fund, and Golden Gate Ventures Growth Fund invested a USD279m Series D for Singapore-based logistics platform Ninja Van. Read More
EBRD Makes USD4m Follow-On Investment in Egyptian Online Marketplace Developer BasharSoft
EBRD has made a USD4m follow-on investment in Egypt-based online platform and marketplace developer BasharSoft. EBRD previously led the company’s USD6m Series B in 2018. Read More
BPEA Invests USD480m in Chinese Logistics Platform Forest Logistics
BPEA Real Estate, the property arm of Baring Private Equity Asia, has invested USD480m in Chinese logistics platform Forest Logistics. A portion of the commitment was from BPEA Real Estate Fund II, which closed in 2018. Read More
Mangwana Capital to Invest in Australian Oil & Gas Company Invictus Energy to Develop Muzarabani Project in Zimbabwe
Zimbabwe-based private equity firm Mangwana Capital has agreed to invest in Australian oil & gas exploration company Invictus Energy to develop the Muzarabani Project, an oil & gas exploration project in Zimbabwe. The deal, awaiting approval by the Reserve Bank of Zimbabwe Exchange Control, will see the Mangwana Opportunities Fund acquire ~12.5m shares at ~USD288k. Read More