GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.

Winter Capital Partners, VNV Global and UNIQA Ventures Invest USD26m Series B for Russia’s BestDoctor

BestDoctor, a Russian medical health insurance and medical consultation provider, raised a USD26m Series B from Winter Capital Partners, VNV Global and UNIQA Ventures. Read More

Bevy Acquires Egypt’s Eventtus; Algebra Ventures, MEVP, Others Exit

US-based enterprise event platform Bevy acquired Egypt-based event management software startup Eventtus for an undisclosed amount, facilitating an exit for Algebra Ventures, Middle East Venture Partners (MEVP), Raed Ventures, 500 Startups, Cairo Angels, Daal VC and Hala Ventures. Read More

Temasek, GGV Capital, Others Invest USD20m Seed Round Extension for Singapore’s Next Gen Foods

Singapore-based producer of plant-based protein Next Gen Foods raised a USD20m seed round extension from existing investors Temasek and K3 Ventures as well as new investors GGV Capital, Chinese agriculture and foodtech venture fund Bits x Bites, food and beverage company Yeo Hiap Seng and angel investors. Read More

KAMCO Invest Exits UAE’s Planet Pharmacies via Sale to Gulf Pharmaceuticals Industries

KAMCO Invest sold its 60% stake in UAE-based pharmaceutical distributor Planet Pharmacies to Gulf Pharmaceuticals Industry for an undisclosed amount. Read More

OTB Ventures Reaches USD60m Final Close for CEE Fund

OTB Ventures reached a USD60m final close for OTB Growth Fund I. The vehicle will make follow-on investments to scale up portfolio companies and will continue to back technology businesses in the CEE region. Read More

GIC, CPP Investments, SoftBank and Walmart Lead USD3.6b Round for India’s FlipKart

GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart led a USD3.6b round for India-based e-commerce company Flipkart, with participation from DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global Management, at a reported USD37.6b valuation. Read More

Costanoa Ventures and CRE Ventures Lead USD7m Series A for Africa-Focused Identity Verification Startup Smile Identity

Costanoa Ventures and CRE Ventures led a USD7m Series A for Smile Identity, an Africa-focused identity verification startup, with participation from LocalGlobe, Intercept Ventures, Future Africa and angel investors, and follow-on from Khosla Impact, ValueStream Ventures, Beta Ventures, 500 Startups and Story Ventures. Read More

Malaysia’s iMedia Acquires 500 Startups- and Gobi-Backed Favful

Malaysia-based integrated digital media group iMedia acquired 100% of Favful, a Malaysia-based beauty e-commerce platform backed by 500 Startups and Gobi, for an undisclosed amount. Read More

Temasek and Multiples Lead USD192m Series F for Indian Grocery Platform Licious

Temasek Holdings and Multiples Alternate Asset Management led a USD192m Series F for Licious, an India-based grocery platform for meat and seafood, with follow-on from 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund and Vertex Ventures. Read More

Vantage Capital Reaches USD207m First Close for Vantage Mezzanine Fund IV

Vantage Capital has reached a USD207m first close for its Vantage Mezzanine Fund IV. The vehicle, which has a target of USD350m, will provide mid-sized African businesses with flexible capital to enhance job creation and facilitate economic opportunities and growth. Read More

Nuwa Capital and EQ2 Ventures Lead USD1.8m Pre-Series A for Saudi Automotive Parts Platform Speero

Nuwa Capital and EQ2 Ventures led a USD1.8m pre-Series A for Saudi Arabia-based automotive parts platform Speero, with participation from Jameel Investment Management Company, Impact46, Mountain Partners and Access Bridge Ventures. Read More

MEVP, Global Ventures and Algebra Ventures Lead USD7.5m Series B for Egyptian Healthtech Yodawy

Middle East Venture Partners (MEVP), Global Ventures and Algebra Ventures led a USD7.5m Series B for Egypt-based healthtech Yodawy, with participation from CVentures, P1 Ventures and Athaal Angel Investors Group. Read More