Delta Capital Myanmar and Daiwa PI Partners have jointly invested USD12.6m in Commercial Plastics Company, a Myanmar-based plastic bottle recycler. Delta invested through its Myanmar Opportunities II and Daiwa invested through its Myanmar Growth Fund. Read more… Read More
Tencent led a USD100m Series E2 for China-based edtech Huohua Siwei, with participation from the Carlyle Group and Chinese edtech Yuanfudao. KKR led the company’s USD150m Series E1 in August 2020. Read more… Read More
Actis has agreed to acquire a controlling stake in South Africa-based fiber network operator Octotel at an enterprise valuation of ZAR2.3b (approximately USD140m). At the same time, Actis has also agreed to acquire a minority stake in South Africa-based internet service provider RSAWEB. The two investments, both pending… Read More
Gaorong Capital has reached a USD1.15b final close for its fifth USD-denominated fund. Gaorong Partners Fund V, the main fund, received USD1b and Gaorong Partners Fund V-A, a side fund, received USD150m. Gaorong Capital focuses on early- and growth-stage investments in technology, enterprise services, fintech, and retail. Read More
A consortium of investors led by PAG and including CX Partners and Samara Capital has acquired a majority stake in Anjan Drug, an India-based manufacturer of active pharmaceutical ingredients, for an undisclosed amount. Read more… Read More
Shorooq Partners led a USD2.3m pre-seed round for Saudi Arabia-based B2B e-commerce marketplace Retailo, with participation for 500 Startups and 92 Ventures. Read more… Read More
Sharif El-Badawi and Hasan Haider, former managing partners of 500 Startups’ Falcons Fund, have founded Plus Venture Capital (+VC) and launched its debut fund with a reported initial target of USD60m to be invested in early-stage tech startups in the Middle East and North Africa. Read more… Read More
China Creation Ventures has reached a USD300m final close for CCV Fund II, its second USD-denominated fund. The vehicle will target early-stage investments in the TMT sector in China. Read more… Read More
GIC and Sequoia Capital India led a USD100m Series D for India-based fintech Razorpay, with participation from existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners. The investment reportedly brings the company’s valuation to over USD1b, granting Razorpay unicorn status. Read more… Read More
AC Ventures has reached a USD56m first close for ACV Capital III. The fund, which targets USD80m, will invest in early-stage companies in Indonesia. Read more… Read More
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