Iron Pillar led a USD23m Series C for India-based device lifecycle management platform Servify, with participation from new investors Sparkle Fund, 57 Stars, SF Roofdesk Capital, Go Ventures, and MadhuKela Family Office, and follow-on from existing investors Tetrao SPF, Trifecta Capital, Blume Ventures, and Beenext. Read more… Read More
Valor Capital Group led a BRL25m (approximately USD4.6m) Series A for Brazilian SME-focused fintech Quasar Flash. Read more… Read More
KKR has agreed to invest INR55.5b (approximately USD755m) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 1.28% stake. The investment reportedly brings Reliance Retail Ventures’ pre-money valuation to INR4.21t (approximately USD57b). In May 2020, KKR also invested USD1.5b in Reliance Industries’ Jio… Read More
A consortium of investors including ARCH Emerging Markets Partners, CDC Group, FMO, Norfund, ResponsAbility, SIMA Funds, Symbiotics, and Global Partnerships have invested USD90m debt and equity in Greenlight Planet, a solar-powered home energy products provider active in sub-Saharan Africa and South Asia. Read more… Read More
Valar Ventures led a USD18.6m Series A for Singapore-based wealth management startup Syfe, with participation from Presight Capital and existing investor Unbound. Read more… Read More
Movile led a BRL60m (approximately USD11m) investment for Brazil-based B2B fintech Zoop. This is Movile’s third investment in the company since 2018. Read more… Read More
Wamda, Class 5 Global, Outliers VC, Plug and Play, and angel investors have made a USD1.35m seed investment in Penny Software, a Saudi Arabia-based software company for procurement management and B2B marketplace. Read more… Read More
Quona Capital, Elevator Ventures, Syngenta Ventures, and the Collective Spark Fund led a USD5m Series A for Turkey-based fintech Tarfin, with participation from Wamda. Read more… Read More
GSV Ventures has invested USD7m in South Africa-based edtech Valenture Institute. Read more… Read More
Investcorp has agreed to partially exit its stake in Saudi Arabia-based grocery retail operator BinDawood via the company’s upcoming IPO on the Saudi Stock Exchange Tadawul. Shareholders including Akasiya Star Trading Company, Abdullah BinDawood Sons Company, and Investcorp-subsidiary Commercial Growth Development Company will sell 22.86m ordinary shares, representing… Read More
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