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India’s Shiprocket Acquires Pickrr for USD200m
India-based e-commerce shipping platform Shiprocket acquired Pickrr, an e-commerce platform for D2C brands and small retailers, for USD200m. Pickrr is backed by IIFL, Amicus Capital, Ananta Capital, Omidyar and Guild Capital. Read More
GGV Capital, Asia Investment Capital and Goldman Sachs Lead USD300m Series C for China’s MegaRobo
GGV Capital, Asia Investment Capital and Goldman Sachs led a USD300m Series C for MegaRobo, a China-based developer of life sciences robots, with follow-on from Sinovation Ventures, Pavilion Capital and Starr Capital. Read More
Multiply Ventures Reaches ~USD33.3m Final Close for Early-stage India VC Fund
Multiply Ventures reached a INR2.6b (~USD33.3m) final close for its first fund, which will make early-stage investments in fintech, edtech, retail and health in India. Read More
Launch Africa Ventures Reaches USD36.3m Final Close for Early-stage VC Fund
Launch Africa Ventures reached a USD36.3m final close for its first fund. The vehicle will invest in early-stage B2B and B2B2C startups across Africa. Read More
India’s UpGrad Raises USD225m From Educational Testing Service and Lupa Systems
UpGrad, an India-based edtech for higher education, raised a USD225m round at a USD2.25 reported valuation from investors including Educational Testing Service and James Murdoch’s Lupa Systems. Read More
BNDES To Invest ~USD495m in Funds Managed by Vinci, BTG Pactual, Kinea and Patria
BNDES will invest a combined ~USD495m (BRL2.5b) in Brazil-based infrastructure funds managed by Vinci Partners, BTG Pactual, Kinea and Patria. Read More
Alpha Wave Leads USD45m in Series C for India’s Chaayos
Alpha Wave Ventures led a USD45m Series C for India-based tea-focused café chain Chaayos at a reported USD225-250m valuation, with follow-on from Tiger Global, Elevation Capital and Think Investments. Read More
DFC To Invest USD30m in Omnivore’s Agritech & Climate Sustainability Fund
DFC has agreed to invest up to USD30m in Omnivore Agritech & Climate Sustainability Fund 3, a fund targeting investments in early-stage startups focused on agriculture, food, climate and the rural economy in India. The vehicle is managed by Omnivore and has a USD130m target. Read More
DFC Commits USD40m to Africa Funds
DFC has agreed to invest a combined USD40m to two Africa-focused funds, including USD25m to West Africa-focused PE fund Uhuru Growth Fund I and USD15m to women-led tech-focused vehicle Norrsken22 Africa Fund. Read More
Sequoia Reaches Combined USD2.85b Final Close for India and Southeast Asia Funds
Sequoia Capital reached a USD2b final close for its early-to-growth stage India fund and a USD850m final close for its debut Southeast Asia fund. Read More
Red Med Reaches ~USD30m First Close for Morocco PE Fund
Red Med Capital reached a MAD300m (~USD30m) first close for Columbus I. The PE fund, which has a MAD1.1b (~USD110m) target, will invest in Moroccan businesses whose capitalization has been affected by the pandemic. Read More
500 Istanbul Leads USD1m Seed Round for Turkey’s Refine
500 Istanbul led a USD1m seed round for Refine, a React-based web application development platform based in Turkey, with participation from Emre Baran (Cerbos) and Emre Burak Kabakcı (Rakam/Liveramp). Read More