Saudi Arabia-based Wa’ed Ventures, the venture capital arm of Saudi Aramco Entrepreneurship Center, and technology-focused VC BECO Capital led a USD25m investment in Sharia-compliant robo-advisory platform Wahed, with participation from Cue Ball Capital, Dubai Cultiv8, and family offices in the GCC. Read more… Read More
CVC Capital has acquired a 29.16% stake in India-based cancer care center operator HealthCare Global Enterprises (HCG) for INR6.5b (approximately USD86.5m). In a bid to obtain majority control, CVC has also made an open offer to acquire up to 26% of the company held by public shareholders for… Read More
Africa Frontier Capital and d.light have established Brighter Life Kenya 1 (BLK1), a USD65m financing facility. BLK1 has been structured to provide d.light Kenya with local currency financing over a two year commitment period. Part of BLK1 is financed by a USD20m senior debt commitment from US International… Read More
Baring Private Equity Asia has offered to invest up to INR31.9b (approximately USD423m) to take India-based IT service provider Hexaware Technologies private. Baring PE Asia already holds a majority stake in the company and is willing to acquire the remaining 37.6% through the purchase of 112,000,000 shares at… Read More
Elevator Ventures, Speedinvest, and Raiffeisen Bank International’s corporate venture fund have made a USD1.5m seed investment in Russia-based agtech Agro.Club. Read more… Read More
ZWC Partners and Golden Gate Ventures led an undisclosed funding round for GoPlay, the streaming video platform of Indonesia-based ride-hailing company Gojek, with participation from Openspace Ventures, Ideosource Entertainment, and Redbadge Pacific. Read more… Read More
ARCH Emerging Market Partners has invested USD3m in South Africa-based solar startup Sun Exchange through its Africa Renewable Power Fund. The investment marks the close of the company’s Series A at USD4m. Read more… Read More
India-focused private equity fund manager InvAscent has invested INR700 (approximately USD9.7m) in India-based eye care chain Sharp Sight Group of Eye Hospitals through India Lifesciences Fund III. Read more… Read More
Ninety One, in partnership with Ethos Private Equity, has launched a ZAR10B (approximately USD600m) recovery fund aimed at mitigating the impact of COVID-19 on South African businesses. Read more… Read More
Mubadala Investment Company, ADIA, and Silver Lake have invested a combined USD2.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, joining existing investors Facebook, KKR, General Atlantic, and Vista Equity Partners. Mubadala Investment Company has invested USD1.2b for a 1.85% stake;… Read More
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