Asia- and North America-focused venture capital firm GGV Capital led a USD230m Series A for JD MRO, a subsidiary of China-based JD.com that delivers industrial maintenance, repair and operations (MRO) products and services, with participation from Sequoia Capital China and CPE. Read more… Read More
Ethiopia-focused fund manager Cepheus Growth Capital Partners has made an undisclosed investment in Ethiopia-based fast-moving consumer goods manufacturer East African Lion Brands Manufacturing Share Company. Read more… Read More
Emerging Capital Partners-backed money transfer operator Mukura has acquired the Malawian assets of South Africa-based fintech Zoona. The details of the transaction are undisclosed. Read more… Read More
General Atlantic has invested USD870m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1.34% stake. Facebook, Silver Lake, and Vista Equity Partners recently invested in the company and hold 9.99%, 1%, and 2.3%, respectively. Read more… Read More
Brazilian private equity manager Oria Capital has invested BRL40m (approximately USD6.8m) in Brazil-based HRtech Gupy. Read more… Read More
Sequoia Capital China and Tencent have invested a combined USD244m in the property management unit of China-based Shimao Property. Sequoia and Tencent invested USD130m and USD114m, respectively. Read more… Read More
India-focused VC Chiratae Ventures, Accel Partners, and Bain Capital have invested USD3.3m in India-based online rental marketplace Rentomojo. Accel now holds ~26% in the startup, while Chiratae and Bain Capital hold ~25% and ~9%, respectively. Read more… Read More
Ninety One, formerly known as Investec Asset Management, and Rand Merchant Bank Ventures have sold partial stakes in Botswana-based consumer goods supplier and distributor Kamoso Africa to Botswana Development Corporation (BDC). Ninety One and RMBV retain a controlling stake in the company, while BDC holds a 24% stake. Read More
India-focused early-stage venture capital firm Saama Capital led a ~USD6m Series A for India-based agtech Intello Labs, with participation from existing investors Omnivore and Nexus Venture Partners, and from new investors Grow and SVG Ventures-Thrive. Read more… Read More
Tiger Global Management and Avatar Growth Capital led a USD44m Series C for India-based SaaS firm SirionLabs. Sequoia Capital, QualGro ASEAN Fund, and Canopy Ventures previously led the company’s USD12m Series B in July 2016. Read more… Read More
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