Upper90, FJ Labs, Angel Ventures, Presight Capital, and angel investors have invested a USD50m seed round for VALOREO, a Mexico-based company specialized in acquiring, operating, and scaling e-commerce businesses. Read more… Read More
Tata Group has agreed to acquire a 68% stake in India-based grocery delivery startup BigBasket for USD1.3b, facilitating an exit for existing shareholders including Alibaba. Read more here and here… Read More
The I&P Acceleration in Sahel, a program launched in July 2020 by Investisseurs & Partenaires (I&P) and the European Union, has provided seed funding to 11 companies in West Africa. Read more… Read More
LeapFrog Investments has fully exited its stake in Kenya-based medical insurance provider Resolution Insurance via a sale to Linkham Group for an undisclosed amount. The transaction is subject to regulatory approvals and is expected to close by the end of Q1 2021. Read more… Read More
Astella Investimentos has agreed to invest BRL8m (approximately USD1.5m) in bornlogic, a Brazil-based omnitech solutions startup. Read more… Read More
Qatar Investment Authority and Glade Brook Capital Partners led a USD100m investment in India-based news aggregator DailyHunt, with participation from Sofina and Canaan Valley Capital. The investment appears to be an extension of the previous USD102m Series H in which Sofina, Google, Falcon Edge Capital, and Microsoft took… Read More
Resource Partners has filed to acquire a majority stake in Nesperta, a Poland-based UV hybrid nail polish company, from the company’s founders. The transaction is pending approval from the Polish Office of Competition and Consumer Protection. Read more… Read More
H.I.G. Capital has partially exited its stake in Brazil-based outdoor advertising company Eletromidia via the company’s BRL871.6m (approximately USD162m) IPO on the B3. According to regulatory filings, H.I.G. Capital’s Vesuvius FIP Fund sold shares worth BRL91.97m (approximately USD17m), reducing its stake from 80.48% to 53.33%. Read more… Read More
ThronTree Capital Partners led a BRL180m (approximately USD33.3m) Series B for Brazilian healthtech Alice, with participation from Endeavor Catalyst and follow-on from KaszeK Ventures, Canary, and Maya Capital. Read more… Read More
H.I.G. Capital has acquired Brazil-based pet food manufacturer FVO – Brasília Indústria e Comércio de Alimentos (FVO) for an undisclosed amount. Read more… Read More
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