Indian edtech Byju’s has agreed to acquire Aakash Educational Services, an India-based brick and mortar test prep company backed by Blackstone, for USD1b. The acquisition will see Aakash’s founders exit the company, while Blackstone, which picked up a 37.5% stake in Aakash in October 2019, will swap a… Read More
South Korea’s Hanwha Asset Management led a USD300m investment in Southeast Asian ride-hailing and food delivery giant Grab’s fintech business. Flourish Ventures and Arbor Ventures, as well as existing investors GGV Capital and K3 Ventures, participated in the round. Read more… Read More
Astella Investimentos led a BRL11m (approximately USD2m) funding round for Brazil-based omnichannel learning platform Skore, with participation from Alexia Ventures. Read more… Read More
GapMinder led a USD2.5m Series A for DRUID, a Romania-based company specialized in developing intelligent virtual assistants (chatbots) for businesses, with participation from Early Game Ventures and unnamed private investors. Read more… Read More
New investor CDC Group and existing investors Accel Partners, IFC, IDG Ventures, Chiratae Ventures, and Schroeder Adveq have invested a USD9.3m growth funding round in India-based packaging materials marketplace Smartpaddle Technology. Read more… Read More
LAUNCHub Ventures has reached a EUR44m (approximately USD53.5m) first close for its latest fund. The vehicle, which has an initial target of EUR70m, will focus on early-stage investments in Central, Eastern, and Southeastern Europe (SEE). Read more… Read More
Denmark’s Investment Fund for Developing Countries (IFU) led a USD38m Series B for Nigeria-based hybrid solar power solutions provider Daystar Power, with participation from French impact infrastructure fund STOA, Proparco, and Morgan Stanley Investment Management. Read more… Read More
The Facility for Energy Inclusion (FEI), managed by Lion’s Head Global Partners, reached a final close of USD145m, with a total potential fund size of up to USD400m. KFW contributed an additional USD24m toward the final close. The African Development Bank is the anchor sponsor of FEI. Additional… Read More
China’s CICC Capital reached a CNY4.2b (approximately USD648m) second close of its Qide Innovation Biopharmaceutical Equity Investment Fund, backed by China’s state-owned enterprises, corporations, and high-net-worth individuals. Read more… Read More
CITIC Capital has invested an undisclosed amount in Max-Inf, a China-based provider of baby travel safety systems. Read more… Read More
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