Vinci Partners Acquires Brazil’s Farmax
Vinci Partners, through its Vinci Capital Partners III, agreed to acquire Brazil-based cosmetics platform Farmax for an undisclosed amount. Read more… Read More
TotalEnergies Ventures Leads USD45m Round for Africa-Focused Zola Electric
Zola Electric, a renewable energy provider founded in Tanzania and headquartered in the Netherlands, raised USD45m in equity led by TotalEnergies Ventures, with participation from DBL Partners, Helios Investment Partners, Vulcan Capital and Electron Capital Partners. FMO and SunFunder provided an additional USD45m in debt. Read more… Read More
Carlyle Sells 3.4% Stake in India’s SBI Cards for USD442m
The Carlyle Group sold a 3.4% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR32.7b (~USD442m) in a bulk deal. Carlyle previously sold a 5.1% stake for ~INR48.1b (~USD650m) in June 2021 and a 4% stake for ~INR39b (~USD540m) in March 2021. Read more… Read More
Alfa Collab To Invest Up to ~USD120m in Brazil’s E-ctare
Alfa Collab, the CVC arm of Brazilian insurance holding Conglomerado Alfa, announced an investment of up to ~USD120m over three years in E-ctare, a credit platform and digital wallet for rural producers in Brazil. Read more… Read More
Softbank Vision Fund 2 and Warburg Pincus Lead USD400m+ Series D for Singapore’s Advance Intelligence Group
Warburg Pincus and SoftBank Vision Fund 2 led a USD400m+ Series D for Advance Intelligence Group, a Singapore-headquartered, AI-driven tech startup, with participation from Northstar, Vision Plus Capital, Gaorong Capital and EDBI, at a reported USD2b+ valuation. Read more… Read More
General Catalyst Leads USD700m Series E for Mexican Car Resale Marketplace Kavak
Mexican car resale marketplace Kavak raised a USD700m Series E led by General Catalyst, with participation from Tiger Global, SoftBank, Ribbit Capital, Spruce House, D1 Capital, SEA and Founders Fund at a reported USD8.7b valuation. Read more… Read More
Hai Robotics Raises USD200m Combined Series C & D from 5Y Capital, Capital Today, Others
China-based warehouse robotics maker Hai Robotics raised a USD200m combined Series C and D. 5Y Capital led the Series C with participation from Sequoia China, Source Code Capital, VMS, Walden International and Scheme Capital. Capital Today led the Series D, with follow-on from Sequoia China, 5Y, Source Code Capital, Legend… Read More
Monk’s Hill Leads USD11.5m Series A for Indonesia’s Dagangan
Monk’s Hill Ventures led a USD11.5m Series A for Dagangan, a social e-commerce platform for underserved rural communities in Indonesia, with participation from MMS Group, K3 Ventures, Spiral Ventures and Plug and Play Indonesia. Read more… Read More
Re-Pie Leads USD30m Series A for Turkish Fintech Colendi
Re-Pie Asset Management led a USD30m Series A for Colendi, a Turkey-based payment solution and micro-crediting platform. Re-Pie invested USD12m through its Colendi Private Equity Investment Fund. Read more… Read More
Helios Exits 49% Stake in GBFoods Africa via Sale to GBFoods
Helios Investment Partners sold its 49% stake in GBFoods Africa, a joint venture created by Helios and GBfoods, to GBFoods. Read more… Read More
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