SoftBank Latin America and Viking Global Investors led a USD250m round for Clip, a Mexico-based digital payments platform, at a reported USD2b valuation. General Atlantic and SoftBank invested in 2019 at a reported USD400m valuation. Other investors include Ribbit Capital, Goldman Sachs, Dalus Capital, Banort and Amex Ventures. Read… Read More
SoftBank Vision Fund 2 led a USD90m Series D for India-based enterprise software platform WhatFix, with participation from Eight Roads Ventures, Sequoia India, Dragoneer Investment Group, F-Prime Capital and Cisco Investments. Read more… Read More
General Atlantic led an undisclosed Series B for Singapore-based medical device company Genesis MedTech Group, with participation from CITIC Capital and Lilly Asia Ventures, and follow-on from the majority of shareholders from the company’s Series A. Read more… Read More
QED Investors led a USD30m Series B for Solfacil, a Brazil-based solar energy financing platform, with follow-on from Valor Capital Group. Read more… Read More
Maersk Growth and Raed Ventures led a USD42m Series A for Trella, an Egypt-based digital freight platform with a presence in Saudi Arabia and Pakistan, with participation from Algebra Ventures, Vision Ventures, Next Billion Ventures, VentureSouq, Foundation Ventures and Flexport. The round comprised USD30m in equity and USD12m in debt… Read More
Adenia Partners has acquired a majority stake in Herholdt’s, a distributor of low-voltage electrical and solar products in South Africa, for an undisclosed amount. Read more… Read More
KKR agreed to acquire a controlling stake in India-based personal care and beauty products company Vini Cosmetics from Sequoia Capital and the company’s founder group for USD625m. Read more… Read More
ALLVP has exited Chile-based grocery delivery platform Cornershop via a sale to Uber at a reported ~USD3b+ valuation. Read more… Read More
China Renaissance led a USD100m Series B for Amber Group, a Hong Kong-based crypto asset manager, with participation from Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures and Gobi Partners, and follow-on from Pantera Capital, Coinbase Ventures and Blockchain.com. Read more… Read More
The Carlyle Group sold a 5.1% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR48.1b (~USD650m) in a bulk deal. In March 2021, Carlyle sold an additional 4% stake for ~INR39b (~USD540m). Read more… Read More
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