FountainVest Partners Acquires China F&B Group from EQT
FountainVest Partners acquired China F&B Group, the franchise operator for Papa John’s and Dairy Queen in mainland China, from EQT for an undisclosed amount. Read more… Read More
Temasek, SoftBank and Sequoia Capital Lead USD90m Series C for Indonesia’s eFishery
Temasek, SoftBank Vision Fund 2 and Sequoia Capital India led a USD90m Series C for Indonesia-based aquaculture tech startup eFishery, with follow-on from the Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners. Read more… Read More
Foodics Acquire Jordan’s POSRocket
Foodics, a Saudi Arabia-based restaurant management platform backed by STV and Sanabil Investments, acquired POSRocket, a Jordan-based POS service provider, for an undisclosed amount. Read more… Read More
Sunshine Insurance Leads ~USD96m Series B for China’s Xuanzhu Biopharm
Sunshine Insurance led a CNY600m (~USD96m) Series B for China-based biopharma Xuanzhu Biopharm, with participation from Efung Capital, Zhongji Investment, TJ Capital, SDIC Taikang, Haichuang FOF, Bank of China Capital, Jinjiang Xuanhong, Shanxi Financial Holdings, Wanxin Capital, DNV Capital and HY Capital. Read more… Read More
INCE Capital Closes on USD700m Across Two Funds
INCE Capital reached final closes for INCE Capital Partners II and INCE Opportunity Fund, raising USD478m and USD222m, respectively. INCE’s second fund will focus on early-stage opportunities at the nexus of consumer and internet, while the opportunity vehicle will target later-stage investments. Read more… Read More
Tiger Global Leads USD45m Series B for Avataar
Tiger Global led a USD45m Series B for Avataar, a US- and India-based AR/VR services provider for consumer brands, with follow-on from Sequoia India. Read more… Read More
Reliance Retail Ventures Leads USD240m Round for India’s Dunzo
Reliance Retail Ventures led a USD240m round for India-based hyperlocal delivery startup Dunzo, with follow-on from Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested USD200m for a 25.8% stake. Read more… Read More
Grupo Stefanini Acquires Cobiscorp
Topaz, the financial solutions arm of Grupo Stefanini, acquired a majority stake in Cobiscorp, a US-based, Ecuador-founded banking software company with a substantial customer base in Latin America, for an undisclosed amount. Read more… Read More
Prosus Ventures Leads USD60m Series B for Colombia’s Platzi
Prosus Ventures led a USD60m Series B for Colombia-based edtech Platzi, with follow-on from Foundation Capital, Y Combinator, 500 Global, FJ Labs, FundersClub, and Hans Tung (GGV) and Darian Shirazi (Gradient). Read more… Read More
YC, Afore, FJ Labs, Others Invest USD3.2m Seed Round for Namibia’s JABU
JABU, a Namibia-based, last-mile e-commerce distribution startup, raised a USD3.2m seed round from YC, Afore Capital, FJ Labs, Quiet Capital, Kli Capital and Pareto Capital. Read more… Read More
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