CLSA Capital Partners, the alternative asset management arm of Hong Kong-based brokerage and investment group CLSA, has invested in China-based e-commerce solutions provider Azoya. The round also included further commitments from Azoya’s existing investors. CLSA invested through ARIA Investment Partners IV. Azoya provides solutions for international e-commerce platforms and traditional… Read More
Vietnam-focused private equity firm Vietnam Investment Group (VI Group) has led a US$2 million Series A round for a 15 percent stake in Vietnam-based online-to-offline real estate platform Congnhadat.net. Australia-based real estate services provider Realestate.com.au also participated in the round. Congnhdata.net, which manages 230,000 listings in seven major cities in… Read More
MENA-focused venture capital firm Wamda Capital has led a financing round for Turkey-based modest fashion e-commerce site Modanisa. MENA-focused venture capital firm STC Ventures also participated in the round. The company plans to use the new capital to expand further in MENA, Europe and the United States. Financial details of… Read More
Global growth private equity firm TA Associates has completed its first investment in Africa by acquiring a minority stake in Interswitch, a Nigeria-based integrated digital payments and commerce company. Africa-focused private investment firm Helios Investment Partners, which invested in Interswitch in 2011, will remain the company’s majority shareholder. Interswitch’s operations… Read More
Apis Partners, a private equity asset manager focused on financial services in Africa and South Asia, has reached a final close for Apis Growth Fund I with US$287 million in capital commitments. Investors in the final close include development finance institutions African Development Bank and SIFEM, funds of funds 57… Read More
True North, an India-focused private equity firm formerly known as India Value Fund Advisors, has reportedly sold the majority of its 74 percent stake in India-based financial services group Fincare Business Services to LeapFrog Investments, TA Associates and Tata Capital Private Equity’s Tata Opportunities Fund. Kotak Life Insurance, SIDBI Venture… Read More
South Africa-based payment solutions provider Yoco has raised a Series A round from financial services-focused investors Quona Capital and Velocity Capital Private Equity. Yoco plans to use the new capital to grow its product offering and South African footprint, as well as penetrate new markets in East Africa and West… Read More
Quona Capital, a venture capital firm focused on inclusive finance in emerging markets, has reached a final close for the Accion Frontier Inclusion Fund with US$141 million in capital commitments. Investors in the fund, which is anchored and sponsored by financial inclusion-focused investor Accion, include global insurance companies, investment banks,… Read More
Alibaba Group Holding and Asia-focused private equity and venture capital firm SAIF Partners have invested US$200 million in Paytm E-Commerce, an online consumer marketplace subsidiary of India-based mobile internet company One97 Communications. Alibaba acquired a 36.31 percent stake for US$177 million, while SAIF Partners acquired a 4.66 percent stake for… Read More
China-focused food and agribusiness specialist investor Beijing Hosen Investment Management has reached a final close for Hosen Fund III with US$440 million in capital commitments. Investors in the fund include institutions from the United States, Europe, the Middle East and Asia. Hosen invests in mid-market food and agribusiness companies that… Read More
(default archive template)