Swiss impact fund manager responsAbility Investments has invested INR860m (approximately USD11.8m) in India-based SME-focused lender Ess Kay Fincorp. Existing shareholders also include Setia, TPG Growth, Norwest Venture Partners, Baring Private Equity India, and Evolvence India. Read more… Read More
India-focused private equity firm Paragon Partners has led a USD30m round of mixed equity and debt for Indian SME-focused digital lending platform SMEcorner. Founder Samir Bhatia, and existing investors Quona Capital and Accion Venture Lab also participated. Read more… Read More
India-based VC firm the Fundamentum Partnership led a USD43.7m Series B for Indian used car platform Spinny, with participation from existing investors Accel, SAIF Partners, and Alteria Capital. Read more… Read More
Mexico-based VC Liil Ventures led a USD7.5m Series A for South African mobility startup WhereIsMyTransport with participation from existing investors Global Innovation Fund and Goodwell Investments, as well as new investors Google, Nedbank, and Toyota Tsusho Corp. Read more… Read More
Tangerine Life Insurance, a portfolio company of West Africa-focused private equity fund manager Verod Capital Management, has acquired a majority stake in LeapFrog Investments’ ARM Life Insurance. Both companies are based in Nigeria. Read more… Read More
Kotak Special Situations Fund, managed by Kotak Investment Advisors, has invested INR5b (approximately USD69m) in debt and equity in Indian stainless steel producer Jindal Stainless for a 5% stake in the company. The debt transaction includes the purchase of debentures to help Jindal Stainless come out… Read More
Middle East- and North Africa-focused venture capital fund manager Wamda Capital and Saudi Arabia-based foundation Nour Nouf Knowledge Company have invested USD1.5m in Saudi edtech Aanaab. The platform offers professional development courses in Arabic to teachers and educators. Read more… Read More
Development finance institution and project developer Africa Finance Corporation is leading a USD63m deal to construct and operate a 60MW wind project in Djibouti. Dutch development bank FMO, Great Horn Investment Holdings, and Climate Fund Managers are also participating. Read more… Read More
Brazil-focused fund manager Starboard Restructuring Partners Group has purchased Brazil-based oil & gas provider Ouro Preto for an undisclosed amount. Read more… Read More
The Brazilian subsidiary of Orpea, a France-based long-term care provider, increased its equity stake in Brazil Senior Living (BSL), a joint venture between Orpea and Patria Investments, to 50%. Read more… Read More
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