Private equity firms KKR, Warburg Pincus, Farallon Capital Management and Capital Group Private Markets have agreed to invest US$550 million in Go-Jek, an Indonesia-based on-demand motorcycle ride-hailing, food delivery, courier and lifestyle services platform. An unspecified number of previous investors also participated in the round. KKR invested through its Asian… Read More
China-based online English education platform VIPKID has raised a US$100 million Series C round of funding from private equity firm Yunfeng Capital and venture capital firm Sequoia Capital. At least one other undisclosed venture capital firm also participated. VIPKID will use the new funding to acquire more users in the… Read More
Tanzania-based solar electricity provider Off Grid Electric has raised a total of US$18 million from Africa-focused private investment firm Helios Investment Partners and impact investment firm responsAbility Investments. Helios committed US$10 million and responsAbility provided US$8 million in debt financing. The firms’ investments will be used to support the rollout… Read More
Global private equity firm Warburg Pincus has agreed to invest US$125 million in India-based third-party logistics platform Stellar Value Chain Solutions. Stellar aims to provide integrated logistics services, including multi-user modern warehousing, primary and secondary distribution, e-fulfillment and cold storage. Read More
Da Vinci Capital, an independent asset manager focusing on mid-market private equity investments in Russia and the Commonwealth of Independent States, has acquired a minority stake in Russia-based IT solutions and services provider Softline for a reported US$40 million. Da Vinci invested through Da Vinci Private Equity Fund II and… Read More
Venture capital firm Sequoia Capital has led an INR800 million (approximately US$12 million) Series E round for India-based online health products vendor Healthkart. Philanthropic investment firm Omidyar Network and India-focused venture capital firm Kae Capital also participated in the round. Healthkart will use the new capital to support its marketing… Read More
Rakuten Ventures, the corporate venture arm of Japanese e-commerce and internet company Rakuten, has led a US$35 million Series B round for Singapore-based online market application Carousell. Venture capital firms Sequoia Capital, Golden Gate Ventures and 500 Startups also participated in the round. Carousell will use the new capital to… Read More
Sub-Saharan Africa-focused impact investment group Investisseurs & Partenaires (I&P) and development finance institution Proparco have participated in a US$2.2 million Series A round for South Africa-based private school network Enko Education. Each investor committed US$1.1 million. Enko will use the new capital to fund the operation of its existing schools,… Read More
India-focused private equity firm IL&FS Investment Managers and global venture capital firm Norwest Venture Partners have invested INR330 million (approximately US$4.9 million) in India-based Neonatal Care & Research Institute, an operator of pediatric and neonatal care units under the Ovum Hospitals brand. Ovum, which currently offers its services using an… Read More
Venture capital firm Redpoint e.ventures has bought a 20 percent stake in Olist, a Brazil-based company that helps small businesses to sell their products on e-commerce websites. Olist plans to use the capital raised for the development of data analysis tools and process automation. Financial details of the transaction were… Read More
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