CDC Group committed USD40m to Convergence Partners Digital Infrastructure Fund, a fund managed by Convergence Partners, contributing to its USD120m first close; CDC also committed USD10.9m to a consortium led by Metier which invested USD36m in Africa Mobile Networks, a developer and operator of mobile network base stations in Sub-Saharan… Read More
Platinum Equity sold PCI, a Singapore-based electronics manufacturing services provider, to Canada-based Celestica for USD306m. Read more… Read More
FloBiz, an India-based mobile billing app for distributors, wholesalers, traders and retailers, raised a USD31m Series B led by Sequoia Capital India, Think Investments and existing investors Elevation Capital and Beenext. Read more… Read More
Lighthouse Ventures led a EUR855k (~USD1m) pre-seed round for Lithuanian fintech Kernolab, with follow-on from Startup Wise Guys. Read more… Read More
India-based auto resale marketplace Cars24 raised USD450m in equity and debt funding from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubation and others. The first tranche, a USD259m round at a reported USD1.75b valuation from DST Asia, Alpha Wave, Tencent, Moore Strategic Partners, Exor Seeds and others, was announced… Read More
Shunwei Capital and Xiaomi led a USD35m Series C for New Core Tech, a China-based ERP provider for the manufacturing industry, with participation from Northern Light Venture Capital and Cowin Capital. Read more… Read More
D1 Capital Partners led a USD138m Series D for XTransfer, a China-based cross-border payment services provider, with follow-on from existing investors. Read more… Read More
Lone Pine Capital led a USD200m Series E for Australia- and China-headquartered fintech Airwallex, with participation from G Squared and Vetamer Capital Management, and follow-on from 1835i Ventures, DST Global, Salesforce Ventures and Sequoia Capital China, at a reported USD4b valuation. Read more… Read More
Advent International agreed to acquire a controlling stake in India-based consumer electronics company Eureka Forbes for USD597m. Read more… Read More
DFC approved more than USD1.4b in new investments for COVID-19 response, global health, gender equity, technology and renewable energy. Read more… Read More
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