Pay per TIC, an Argentina-based online payment and collection services platform, has raised a new funding round with participation from Latin America-focused accelerator and early-stage investment firm NXTP Labs. The company, which has operations in Argentina and Spain, will use the funding to consolidate its presence in Argentina and expand… Read More
Brazil-based online personal investment consultancy Magnetis has raised BRL17 million (approximately US$5 million) in a Series A funding round led by emerging markets fintech-focused venture capital firm Vostok Emerging Finance and Latin America-focused early-stage venture capital firm Monashees Capital. Redpoint e.ventures and unnamed angel investors also participated in the round. Read More
Turkey-focused private equity fund manager Actera Group and investment company Esas Holdings have agreed to sell their joint 98.8 percent stake in Turkey-based roll-on roll-off freight shipping company U.N. Ro-Ro to Denmark-based shipping and logistics firm DFDS for EUR950 million (approximately US$1.2 billion). The acquisition of U.N. Ro-Ro, which operates… Read More
AION Investments, a joint venture between India-focused ICICI Venture Funds Management and U.S.-based alternative investment firm Apollo Global Management, and India-based steel manufacturer JSW Steel have agreed to acquire a 75 percent stake in bankrupt India-based steel and sponge iron producer Monnet Ispat & Energy for INR37 billion (approximately US$570… Read More
Daiwa PI Partners (DPI), an investment arm of Japan-based investment bank Daiwa Securities Group, has led a US$14.7 million investment in Myanmar-based online travel company Oway to support the company’s expansion. DPI contributed US$5 million, with the remaining funds coming from International Finance Corporation, Belt Road Investment Group and alternative… Read More
d.light, a global provider of solar power and lighting solutions for off-grid communities, has raised US$50 million in debt financing from the European Investment Bank (EIB), impact investment fund managers responsAbility Investments and Social Investment Managers & Advisors, solar energy finance company SunFunder and an additional undisclosed investor. The company,… Read More
Singapore-based digital asset management platform Kristal.AI has raised US$1.85 million in a seed round led by technology-focused venture capital firm IDG Ventures India. Several angel investors, including Shailesh Rao and Amit Gupta, also participated in the round. Kristal.AI, which caters to investment funds and family offices in Singapore, Hong Kong… Read More
Africa-focused corporate information platform Asoko Insight has raised US$3.6 million in a Series A funding round from new and existing investors. Previous backers North Base Media, Singularity Investments, CRE Venture Capital and Lateral Capital, as well as new investors LC Partners, Spice Fund, Outlierz Ventures and Zephyr Management, contributed to… Read More
South Africa-based drink manufacturer The Beverage Company, which is backed by Sub-Saharan Africa-focused private equity fund managers Ethos and Nedbank Private Equity, has agreed to acquire SoftBev, a South Africa-based beverage company. Through the acquisition, The Beverage Company will take over production of SoftBev’s original brands, as well as its… Read More
India-based mid-priced hotel chain Lemon Tree Hotels has raised INR10.38 billion (approximately US$159 million) in its initial public offering (IPO) on the Bombay Stock Exchange and National Stock Exchange of India. Lemon Tree’s investors sold 186 million shares at a price of INR56 (approximately US$0.86) per share in the offering. Read More
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