VestedWorld led a USD1.6m seed round for Shuttlers, a Nigeria-based, tech-enabled scheduled bus sharing company, with participation from EchoVC, Interswitch, Rising Tide Africa, Launch Africa, CMC 21 & Alsa, ShEquity, Five35, Consonance Investment, CcHub Syndicate, Sakore and Nikky Taurus. Read more… Read More
MassMutual Ventures led a USD4m pre-Series A for India-based healthtech Clinikk, with participation from Kunal Shah (Cred), Rohit M.A. (Cloudnine Hospitals), Anjali Bansal (Avaana Capital) and Stanford Angels.Existing investors Times Internet Group, EMVC, 500 Global and WEH Ventures followed on. Read more… Read More
Amethis, through its Amethis MENA Fund II, acquired a minority stake in Jordan-based language technology and services provider Tarjama for an undisclosed amount. Read more… Read More
TPG Capital’s Rise Fund, the Qatar Investment Authority (QIA) and Mastercard invested an additional USD125m in Airtel Mobile Commerce, an Airtel Africa subsidiary and the holding company for several of Airtel Africa’s mobile money operations across 14 African countries. TPG and QIA each invested USD50m and Mastercard invested USD25m. Read More
Falcon Edge Capital’s Alpha Wave Ventures led a USD135m Series B for Mensa Brands, an India-based e-commerce brand aggregator, with participation from Prosus Ventures and follow-on from Accel Partners, Norwest Venture Partners and Tiger Global, at a reported USD1b valuation. Read more… Read More
DX Ventures and Delivery Hero led a USD250m Series D for Facily, a Brazil-based social commerce marketplace, with participation from Citius, at a reported USD850m valuation. Read more… Read More
SoftBank Vision Fund 2 acquired a 20% stake in Bangladesh-based payments app bKash at a reported USD2b valuation. Read more… Read More
Africa HealthCare Master Fund led a USD4.4m Series A for Nigeria-based drug procurement platform DrugStoc, with participation from DEG and Vested World. Read more… Read More
BECO Capital led a USD20m Series A for Jordan-based edtech Abwaab, with participation from 4DX Ventures, GSV Ventures, Watar Partners and others. Read more… Read More
TVM Capital Healthcare exited Bourn Hall International MENA, the holding company for the Bourn Hall Fertility Centre in the UAE, via a sale to private hospital group Mediclinic Middle East for an undisclosed amount. Read more… Read More
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