African Infrastructure Investment Managers (AIIM) along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA agreed to acquire a 25.8% interest in MetroFibre Networx, a South Africa-based open access fiber network operator, from Sanlam Private Equity, African Rainbow Capital and a minority shareholder. The transaction follows… Read More
India-based edtech Byju’s raised USD350m from investors including UBS, Blackstone, ADQ, Eric Yuan (Zoom) and others at a reported USD16.5b valuation. MC Global Edtech Investment Holdings recently led a USD460m tranche of the company’s ongoing Series F. Read more… Read More
Multiples Alternate Asset Management led a USD65m Series F for India-based meat and seafood brand Licious, with participation from Brunei Investment Agency, Vertex Ventures and others. Multiples contributed USD32m to the round, while Brunei Investment Agency and Vertex Ventures contributed USD15m and USD10m, respectively. Bertelsmann Netherland, 3one4 Capital and angel… Read More
General Atlantic led a USD100m Series C for UAE-founded beauty and wellness software platform Fresha, with follow-on from Partech, Target Global and FJ Labs. Middle East Venture Partners exited through a secondary sale. Source(s): Read more… Read More
The Takatso consortium, which includes Harith General Partners and Global Airways, has agreed to acquire a 51% stake in South African Airways from the South African government for up to ZAR3b (~USD221m). Read more… Read More
Lightrock led a BRL700m (~USD138.6m) Series C for Buser, a Brazil-based bus ticketing platform, with participation from Iporanga Ventures and follow-on from SoftBank, monashees, Valor Capital Group, Globo Ventures and Canary. Read more… Read More
SIG and Openspace Ventures led an undisclosed Series B for Kumu, a live streaming app based in the Philippines, with participation from Gentree Fund and Endeavor Catalyst Fund, and follow-on from Summit Media, Kickstart Ventures, Foxmont Capital Partners and Gobi-Core Philippine Fund. Read more… Read More
DFC has committed up to USD30m to Openspace Ventures Plus, a vehicle managed by Openspace Ventures. The fund has an initial target of USD200m and will focus on mid- and later-stage venture investments in the technology sector across Southeast Asia. Read more… Read More
A consortium of investors led by the Carlyle Group and TPG led a KRW140b (~USD126m) investment in South Korea-based transportation firm Kakao Mobility. Read more… Read More
H Capital led a USD300m round for China-based car trading platform Chehaoduo, with follow-on from Sequoia Capital China and IDG Capital. Read more… Read More
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