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Tiger Global Sells 3.57% Stake in India’s PolicyBazaar for ~USD75m
Tiger Global sold a 3.57% stake in India-based, NSE- and BSE-listed insurance aggregator PolicyBazaar’s parent firm PB Fintech for INR6b (~USD75m). Read More
Helios To Invest USD50m in Kenya’s IXAfrica
Helios Investment Partners agreed to invest USD50m in IXAfrica, a Kenya-based data center developer and operator. Read More
Brazil’s Turbi Secures ~USD21m Loan Facility from ARC Capital, Jive Investments and Others
Turbi, a Brazil-based car rental platform, secured a BRL106m (~USD21m) loan from ARC Capital, Jive Investments, Augme, Capitânia, EXT, Fator and Western. Read More
Aquiline-Backed Everfield To Acquire Latvia’s Blue Bridge Technologies; BaltCap to Exit
Everfield, a software buy-and-build platform established by Aquiline, agreed to acquire a 100% stake in Blue Bridge Technologies, a Latvia-based developer of medical practice management software. The deal will facilitate an exit for BaltCap’s Latvia Venture Capital Fund. Read More
DXA Invest and Arien Lead ~USD6m Series A+ for Brazil’s Aviation Platform Flapper
DXA Invest and Arien led a ~USD6m Series A+ for Flapper, a Brazil-based on-demand private aviation service. Read More
TPG and Lighthouse Sell Shares in India’s Nykaa for Combined ~USD234m
TPG and Lighthouse each sold shares in Nykaa, an India-listed online fashion retailer, for INR12b (~USD148m) and INR7b (~USD86m), respectively. Read more here and h Read More
Mubadala Capital and Korelya Capital Lead USD70m Series B for Poland’s Ramp
Mubadala Capital and Korelya Capital led a USD70m Series B for Ramp, a Poland-based cryptocurrency payment platform, with participation from Cogito Capital and follow-on from Balderton Capital. Read More
L Catterton Acquires ~USD116m Minority Stake in Brazil’s CantuStore
L Catterton acquired a BRL600m (~USD116m) minority stake in CantuStore, a Brazil-based omnichannel aftermarket tire retailer and distributor. Read more here and h Read More
TPG Reaches USD3.4b First Close for Eighth Flagship Asia Fund
TPG reached a USD3.4b first close for its eighth flagship Asia fund, which was launched earlier this year with a USD6b target. Read More
Elevar Equity Leads ~USD6m Series A for India’s CureBay
Elevar Equity led a INR500m (~USD6m) Series A for India-based remote healthcare provider CureBay. Read More
Brazil’s Liti Raises ~USD4.2m from monashees, Canary, Norte Ventures, Newtopia VC and others
Liti, a Brazil-based health monitoring platform focused on weight control, raised a ~USD4.2m round from monashees, Canary, Grão, Norte Ventures, Eclipseon, Newtopia and The Fund. Read More
Enlight Growth Partners and Fore Bright Capital Lead ~USD14m Pre-Series B for China’s Bailian.AI
Enlight Growth Partners and Fore Bright Capital led a CNY100m (~USD14m) pre-Series B for Bailian.AI, a China-based B2B marketing firm, with participation from DeTong Capital and follow-on from Orient Jiafu Asset Management and Yunqi Partners. Read More