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Insight Partners leads USD46m Series B for Egypt’s Instabug
Insight Partners led a USD46m Series B for Instabug, an Egypt-founded bug reporting platform for mobile developers, with participation from Forgepoint Capital and Endeavor, and follow-on from Accel. Read More
Multiples-led Consortium Invests USD88m in India’s BDR Pharma
A consortium of investors led by Multiples Alternate Asset Management and including Times Group and QRG Invest acquired a 9.3% stake in India-based active pharmaceuticals ingredients company BDR Pharmaceuticals International for ~USD88m. Read More
Prosus Ventures and WestBridge Invest USD100m in India’s Fashinza
Fashinza, an India-based supply chain marketplace for fashion brands and retailers, raised USD100m in equity and debt from Prosus Ventures and Westbridge Capital, with follow-on from Accel, Elevation Capital, ADQ and angels. Read More
Jungle Ventures Reaches USD600m Final Close for Fourth Fund
Jungle Ventures reached a USD600m final close for its fourth fund targeting investments in Southeast Asia and India. Read More
Jadwa III Sells Saudi Arabia’s Al Meswak to Gulf Islamic Investments and Jadwa Fund V
Jadwa Investment’s Jadwa Healthcare Opportunities Fund 3 sold its majority stake in Saudi Arabia-based dental and dermatology services provider Al Meswak Dental Clinic to Gulf Islamic Investments and Jadwa Healthcare Opportunities Fund 5, a newly formed fund managed by Jadwa. Read More
BPEA Acquires India’s IGT Solutions for USD810m
Baring Private Equity Asia acquired a 85% stake in India-based specialist backend services firm IGT Solutions from AION Capital Partners, an affiliate of Apollo Global Management, for USD810m. Read More
Stripes Leads USD32m Series A+ for Brazil’s Nomad
US-based growth equity firm Stripes led a USD32m Series A+ for Nomad, a Brazil-based fintech offering US checking accounts for Brazilian residents, with participation from monashees, Spark Capital, Proporel Ventures, Globo Ventures and Abstract, at a reported USD200m valuation. Read More
Phatisa Exits Côte d’Ivoire’s Continental Beverage Company Via Sale to Teyliom
Phatisa sold its minority stake in Côte d’Ivoire-based bottled water producer Continental Beverage Company to majority shareholder Teyliom International Group for an undisclosed amount. Read More
GIP To Acquire Actis-backed Atlas Renewable Energy
Global Infrastructure Partners agreed to acquire Atlas Renewable Energy, a clean energy platform focused on developing, building and operating solar and wind projects in Latin America, from Actis in a deal reportedly valued at USD2b. Read More
PeakSpan Capital Leads USD25m Series B for Poland’s Tidio
PeakSpan Capital led a USD25m Series B for Tidio, a Poland-based live chat and customer solutions platform for MSMEs, with participation from Rafał Brzoska (InPost) and follow-on from Inovo Venture Partners. Read More
UAE’s Kitopi Raises USD300m Series C+
UAE-based cloud kitchen startup Kitopi raised a USD300m Series C extension, bringing total capital raised in the round to USD715m. SoftBank Vision Fund 2 led the company’s USD415m Series C in July 2021, with participation from Chimera, DisruptAD, B Riley, Dogus Group, Next Play Capital and Nordstar. Read More
NIIF and Hero MotoCorp Invest USD128m Series E for India’s Aether Energy
National Investment and Infrastructure Fund, through its Strategic Opportunities Fund, and Hero MotoCorp invested a USD128m Series E in India-based electric scooter manufacturer Aether Energy. Read More