Target Global led a USD10m seed round for Kuda, a Nigeria-based fintech that operates a mobile-first challenger bank for consumers, with participation from Entrée Capital and SBI Investment, as well as fintech founders and angel investors. Read more… Read More
Apollo Global Management has agreed to invest EUR500m (approximately USD591m) in Czech Republic-based lottery company Sazka Entertainment. The transaction reportedly brings the company’s valuation to EUR4.2b (approximately USD5b). Read more… Read More
A consortium of investors led by Elbrus Capital and Winter Capital has acquired a 60% stake in Russia-based bank and insurance marketplace Banki.ru from the company’s founders. Read more… Read More
Ontario Teachers’ Pension Plan Board led a USD267m Series C for China-based autonomous driving startup Pony.ai at a post-money valuation of USD5.3b. Fidelity China Special Situations, ClearVue Partners, Eight Roads, 5Y Capital (formerly Morningside Venture Capital), and FAW Group also participated in the round. Read more… Read More
Mirae Asset-Naver Asia Growth Fund, Steadview Capital, Luxor Capital Group, Lugard Road Capital, and ASP India Fund have invested INR10.85b (approximately USD146m) in the ongoing Series J for India-based food delivery startup Zomato. The company already raised USD250m+ for its Series J, which targets USD600m, from investors including… Read More
Investcorp, Norwest Venture Partners, and Gaja Capital have invested USD110m in Indian e-commerce logistics startup XpressBees for a collective 31% stake, facilitating an exit for Paytm, Vertex Ventures, and NEA. Read more… Read More
AfricInvest has agreed to sell its 30% stake in Tunisia-based geotechnical and foundation engineering company Hydrosol Foundations to Groupe Ginger for an undisclosed amount. Read more… Read More
Goldman Sachs has agreed to invest INR11.25b (approximately USD150m) in India-based biopharmaceuticals company Biocon Biologics. True North and Tata Capital Growth Fund invested in the company earlier this year. The transaction is subject to approvals. Read more… Read More
Nexus Venture Partners led a USD2.15m seed round for Singapore-based sales productivity platform Nektar.ai, with participation from Insignia Venture Partners, Arka Venture Labs, Better Capital, and Vietnam Investments Group. Read more… Read More
Innova Capital has invested an undisclosed amount in Poland-based cosmetics company Bielenda Kosmetyki. Innova Capital will also support the company in the acquisition of the Dermika and Soraya brands from Orkla Group. The transaction is pending approval from the Polish Office of Competition and Consumer Protection. Read… Read More
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