Grúas M10 and CEMEX Ventures led a USD2m round for ObraLink, a Chile-based construction monitoring platform, with participation from Carao Ventures and construction company Echeverría Izquierdo. Read more… Read More
Gulf Capital exited its 100% stake in Chef Middle East, a UAE-based foodservice distribution business, to US-listed food distributor The Chef’s Warehouse, generating a 2.5x return. Gulf Capital acquired Chef Middle East in June 2013 through Gulf Equity Partners Fund II. Read more… Read More
Bain Capital partially exited India-listed lender Axis Bank for INR14.9b (~USD180m), reducing its stake from 4.24% to 3%. Bain Capital invested INR68.5b (~USD1.b) in Axis Bank in November 2017. Read more… Read More
DGF Investimentos led a ~USD3m round for Looqbox, a Brazil-based developer of corporate search engines, with participation from HiPartners and Locaweb. Read more… Read More
InnoVen and Trifecta invested INR1b (~USD12m) in a debt round for India-based dark kitchen operator Rebel Foods. In 2021, Rebel Foods raised USD175m led by QIA. Read more… Read More
boAt, an India-based wearable electronics manufacturer, raised USD60m from Warburg Pincus and Malabar Investments. Read more… Read More
General Atlantic led a USD110m round for Amagi, an India-based media technology company providing cloud-based broadcast and advertising services, including INR2.2b (~USD27m) in secondary shares. General Atlantic will hold an 8% stake in the company following the transaction, which values Amagi at a reported ~USD1.45b. Read… Read More
Middle East Venture Partners led a USD10m Series A for Invygo, a UAE-based car subscription app, with participation from Al Rajhi Partners, Arab Bank, Amaana Capital and Palm Drive Capital, and follow-on from Signal Peak Ventures and Knollwood Investment Advisory. Read more… Read More
Money Fellows, an Egypt-based fintech enabling community lending, raised a USD31m Series B led by CommerzVentures, Middle East Venture Partners and Arzan VC, with participation from Invenfin, National Investment Company, 4DX Ventures and P1Ventures, as well as follow-on from Partech and Sawari Ventures. Read more… Read More
L Catterton reached a ~CNY1b (~USD138m) first close for its first yuan-denominated fund, which is focused on early-stage consumer companies in China. The fund is targeting CNY2b (~USD276m). Read more… Read More
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