Warburg Pincus has agreed to invest an additional INR2b (approximately USD26.5m) in India-based lending platform IDFC First Bank as part of the bank’s INR20b (approximately USD265m) capital raise. Warburg affiliate Dayside Investment has agreed to purchase 86.24m shares at approximately 30 cents (USD) apiece… Read More
US-based private equity firm Silver Lake has agreed to invest USD750m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 1% stake. Facebook recently invested USD5.7b in Jio Platforms for a 9.99% stake in the company. Read more… Read More
US development finance institution DFC has provided a USD15m loan to Varthana, an India-based non-banking finance company focused on providing financing to schools. Read more… Read More
Geopost, the logistics division of French postal services provider La Poste, Singapore-based ride-hailing company Grab, Monk’s Hill Ventures, B Capital Group, Intouch Holdings, Carmenta Capital, Bangkok Bank, Brunei’s Zamrud Sovereign Wealth Fund, and Golden Gate Ventures Growth Fund invested a USD279m Series D for Singapore-based logistics platform Ninja… Read More
EBRD has made a USD4m follow-on investment in Egypt-based online platform and marketplace developer BasharSoft. EBRD previously led the company’s USD6m Series B in 2018. Read more… Read More
BPEA Real Estate, the property arm of Baring Private Equity Asia, has invested USD480m in Chinese logistics platform Forest Logistics. A portion of the commitment was from BPEA Real Estate Fund II, which closed in 2018. Read… Read More
Zimbabwe-based private equity firm Mangwana Capital has agreed to invest in Australian oil & gas exploration company Invictus Energy to develop the Muzarabani Project, an oil & gas exploration project in Zimbabwe. The deal, awaiting approval by the Reserve Bank of Zimbabwe Exchange Control, will see… Read More
Romania-based VC Neogen Capital has invested EUR500k (approximately USD543k) in Romanian Robotic Automation Startup MissionCritical. Read more… Read More
US-based VC Index Ventures and Czech Republic-based VC Credo Ventures led a USD2.75m seed round for Czech Republic-based anti-fraud tech startup Resistant AI, with participation from Seedcamp, UiPath CEO Daniel Dines, Avast CTO Michal Pechoucek, and unnamed angel investors. Read more… Read More
UAE-based VC Global Ventures and Africa-focused asset manager AAIC Japan led a USD7m investment in Nigeria-based electronic medical records provider Helium Health. Read more… Read More
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