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Everstone Group To Exit Majority Stake in India’s Sahyadri Hospitals to OTPP
Ontario Teachers’ Pension Plan Board (OTPP) agreed to acquire a majority stake in Sahyadri Hospitals, an India-based hospital chain, from the Everstone Group for an undisclosed amount. The deal is expected to close by the end of 2022, and Everstone will retain a minority stake in the company. Read More
SoftBank and Sequoia China Lead USD110m Series D for China’s Dianxiaomi
SoftBank Vision Fund 2 and Sequoia China led a USD110m Series D for Dianxiaomi, a China-based e-commerce platform, with follow-on from Tiger Global Management, GGV Capital and Huaxing Growth Capital. Read More
KKR Sells 27% Stake in India’s Max Healthcare for ~USD1.2b
KKR sold its entire 27% stake in India-listed hospital chain Max Healthcare Institute for ~INR91.9b (~USD1.2b) via open market share sales. Read More
TLcom Leads USD5.5m Seed Round for Nigeria’s Pastel
TLcom Capital led a USD5.5m seed round for Pastel, a Nigeria-based business management platform for SMEs, with participation from Global Founders Capital, DFS Labs, Ulu Ventures, Plug and Play, Golden Palm Investments and Soma Capital. Read More
BECO Capital Leads USD10m Pre-series A for UAE’s Dukkantek
BECO Capital led a USD10m pre-Series A for Dukkantek, a UAE-based store management platform, with participation from Rocketship.vc and Chaos Ventures and follow-on from Colle Capital Partners, Comma Capital, AMK Investment Office, and Wamda. Read More
Loyal Valley Capital Leads ~USD148m Series B+ Round for China’s Jayson New Energy
Loyal Valley Capital led a more than CNY1b (~USD148m) Series B extension for Jayson New Energy, a China-based lithium ion battery manufacturer, with participation from CPE, Gaolin Capital, Estar Capital and Panorama Capital. Read more here and h Read More
Iporanga and Parallax Lead USD15m Series A for Brazil’s Klavi
Iporanga Ventures and Parallax Ventures led a USD15m Series A for Brazil-based open finance platform Klavi, with participation from GSR Ventures, CIP SA and Vivo Ventures. Read more here and h Read More
Alpha JWC Leads USD20m Series A for Philippines’ edamama
Alpha JWC Ventures led a USD20m Series A for edamama, a Philippines-based e-commerce platform for parents, with follow-on from Gentree Fund, Robinsons Retail Holdings, Kickstart Ventures, Temasek affiliate Innoven Capital and Foxmont Capital. Read More
QED Leads USD50m Funding Round for Nigeria’s TeamApt
QED Investors and Novastar Ventures led a ~USD50m round for Nigeria-based fintech TeamApt, with follow-on from Lightrock and BII. Read more here and h Read More
Evan Norton Group Leads USD26m Series C for Chile’s Levita Magnetics
Levita Magnetics, a Chilean magnetical robotic surgery platform, raised a USD26m Series C from a healthtech investment group managed by investor Evan Norton, with participation from MedTex Ventures, and follow-on from Invermaster and Carao Ventures. Invermaster led a USD1m round in July 2019. Read More
Balderton Capital Leads USD7m Seed Round for Turkey’s Agave Games
Balderton Capital led a USD7m seed round for Agave Games, a Turkey-based casual games developer, with participation from Felix Capital and 500 Global. Read More
Ghana-based Zeepay raises USD10m in debt financing from Verdant Capital
Zeepay, a Ghana-based cross-border payments company, raised USD10m in debt financing from Verdant Capital. Read more here, here and h Read More