TPG’s The Rise Fund has agreed to invest USD200m in Airtel Mobile Commerce BV (AMC BV), an Airtel Africa subsidiary and the holding company for several of Airtel Africa’s mobile money operations across 14 African countries. The investment will bring AMC BV’s valuation to USD2.65b. Read more… Read More
Adobe Capital, through its Adobe Mezzanine Fund II, has invested an undisclosed amount in Rephone, a Chile-based company that recovers, refurbishes and resells previously used smartphones. Read more… Read More
Cinven, Permira and Mid Europa Partners have sold 76.5m shares in Warsaw-listed e-commerce group Allegro for USD1.2b. Allegro listed on the Warsaw Stock Exchange in September 2020. Read more… Read More
Jordan-based VC Propeller has reached an undisclosed first close for Propeller Ventures II. The vehicle has a target size of USD15m and plans to invest in pre-seed and seed-stage startups in Jordan and the wider MENA region. Read more… Read More
Creandum led a USD12m Series A for Hungary-based fraud prevention platform Seon, with participation from PortfoLion. Read more… Read More
Kotak Investment Advisors, through its Kotak Special Situations Fund, has invested INR410m (~USD5.6m) in India-based specialty chemicals company DCW in the form of non-convertible debentures and optionally convertible debentures. Read more… Read More
Falcon Edge Capital led a USD75m round for India-based online insurance aggregator PolicyBazaar. The company, which is backed by SoftBank, Temasek, Tiger Global Management, True North and others, will use the fresh capital to expand its presence in the UAE and the Middle East. Read more… Read More
The Carlyle Group has partially exited its stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR39b (~USD540m) through open market transactions. Carlyle previously pared down its stake via the company’s IPO in February 2020. Read more… Read More
Existing investors Sequoia Capital and IMM Investment have made a KRW130b (~USD115m) follow-on investment in South Korea-based online fashion platform Musinsa at a reported KRW2.5t (~USD2.2b) valuation. Read more… Read More
SoftBank Vision Fund II and Tencent led a USD300m Series E for Singapore-based innovation intelligence platform PatSnap, with follow-on from CITIC Industrial Fund, Sequoia Capital China, ShunWei Capital and Vertex Ventures. Read more… Read More
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