Newly established VC firm Indus Valley Capital has reached a USD15m first close of its debut fund targeting early-stage tech opportunities in Pakistan. Investors include Pakistani software company Arbisoft, Pakistani tech solutions firm VentureDive, and international angel investors. Read more»… Read More
The SoftBank Vision Fund invested USD300m in India-based baby product retailer FirstCry. SoftBank has plans to commit a second tranche worth an additional USD100m in January 2021. According to Entrackr, the company is estimated to be valued at USD1.2b, making it the latest unicorn out of India. Read more»… Read More
e.bricks Ventures reached a first close of its USD100m of Fund III to target Brazilian startups. Following the intial close, e.bricks completed investments in Avenue, a Brazilian broker that brings investment alternatives and digital accounts in the US to Latin American clients, and bro., a digital platform for consórcio (a… Read More
Caisse de dépôt et placement du Québec (CDPQ) and Piramal Asset Management launched a USD300m platform to target private credit financing opportunities in India across manufacturing, consumer, industrial, healthcare, pharmaceuticals, logistics, and other sectors. CDPQ is contributing 75% of the investment and Piramal will commit the remaining 25%. Read More
Private equity firm Hahn & Company has agreed to buy the biofuels division of South Korea-based SK Chemicals for KRW382.5b (USD322m). It is the private equity firm’s fourth carve-out of an SK Group-owned business. Read more»… Read More
VC firm FCJ Venture Builder made an undisclosed Series A investment in Boxit, a Panamanian logistics startup using “smart lockers” for e-commerce deliveries. Read more»… Read More
Hillhouse-backed electrical product manufacturer Bull Group has raised USD511m in an IPO on the Shanghai Stock Exchange. Read more»… Read More
Southeast Asia-focused fund manager Northstar Group led a USD20m Series A in Jakarta-based edtech platform Zenius Education. VC firms Kinesys Group and BeeNext also participated in the round. Read more»… Read More
Bertelsmann Investments and Source Code Capital led a USD10m Series A in Stori, a Mexican digital bank, with follow-on from Vision Plus Capital. Read more»… Read More
Sub-Saharan Africa-focused private equity firm Africa Capitalworks Management has acquired a significant minority stake in West Africa-based beverage company Gaselia Industries Group. Read more»… Read More
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