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Saudi Arabia’s Hakbah Raises USD2m Pre-Series A
Hakbah, a Saudi Arabia-based financial savings platform, raised a USD2m pre-Series A from Global Ventures and Aditum Investment Management. Read More
Amethis and Diot-Siaci To Acquire Stake in Morocco’s ASK Gras Savoye Group
Amethis and Diot-Siaci agreed to acquire a stake in ASK Gras Savoye Group, a Morocco-based insurance broker and risk advisory company. Read More
Temasek and Steadview Capital To Lead USD90m Investment in India’s Atomberg
Temasek and Steadview Capital agreed to lead a USD90m investment in Atomberg, an India-based energy efficient fan manufacturer. Read More
Mizuho Financial Group Leads USD270m Series D for Indonesia’s Kredivo Holdings
Mizuho Financial Group led a USD270m Series D for Kredivo Holdings, an Indonesia-based credit services platform, with follow-on from Openspace Ventures, Square Peg Capital, Jungle Ventures, Naver Financial Corporation and GMO Venture Partners. Read More
Temasek To Acquire Controlling Stake in India’s Manipal Health for ~USD2b
Temasek agreed to acquire an additional 41% stake in Manipal Health, an India-based chain of multi-specialty hospitals for INR165b (~USD2b), to become the majority shareholder. Read More
DPI and Amethis Acquire Stake in Egypt’s Marcyrl
DPI and Amethis acquired a stake in Marcyrl, an Egypt-based pharmaceuticals manufacturer focused on specialty generic drugs. Read More
India’s Magenta Mobility Raises USD22m Equity Round
Magenta Mobility, an India-based EV charging station provider, raised a USD22m equity round from Morgan Stanley and BP Ventures. Read More
Kotak Reaches USD1.25b First Close for Special Situations Fund II
Kotak reached a USD1.25b first close for its second special situations fund, focused on opportunities in India. The vehicle has a USD1.6b target. Read More
FMO To Invest USD74m in India’s Fourth Partner Energy
FMO agreed to invest USD74m in debt financing Fourth Partner Energy, an India-based solar energy provider for corporate and industrial companies. Read More
Mubadala and 42X Fund Lead USD300m Series B for China’s JD Industrials
Mubadala and 42X Fund led a USD300m Series B for JD Industrials, the industrial supply chain subsidiary of China-based JD.com, with participation from M&G and BPEA EQT and follow-on from Sequoia China. Read More
IFC To Invest ~USD72.6m in India’s Mahindra & Mahindra
IFC agreed to invest INR6b (~USD72.6m) in Mahindra & Mahindra, an India-based automaker manufacturing electric three-wheelers and small commercial vehicles. Read More
DEG Leads Investment for Indonesia’s Etana
DEG led an investment in Indonesia-based biopharmaceutical company Etana with USD8m in equity and participation from Yunfeng Capital, HighLight Capital and East Ventures. Read More