DFC has made a USD1m equity investment in Kasha Global, a Rwanda-based e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya. Swedfund and Finnfund previously invested in the company. Read more… Read More
Accel Partners and Lightspeed Venture Partners have invested a USD15m seed round for Zolve Innovations, a cross-border neobanking platform based in India, with participation from Blume Ventures, Founder Collective, and angel investors including former Helion Managing Director Dr. Ashish Gupta, Greg Kidd, Cred Founder Kunal Shah, DST Global… Read More
Boyu Capital has reached a USD3.6m final close for Boyu Capital Fund IV, its latest USD-denominated vehicle focused on investments in China. Read more… Read More
Base10 led a USD7.8m seed round for Mundi, a fintech platform aiming to facilitate US-Mexico trade by helping Mexican exporters get access to trade financing, with participation from FJ Labs. Read more… Read More
Nuwa Capital has reached a USD75m first close for Nuwa Ventures Fund I. The vehicle, which has an initial target of USD100m, will invest in startups operating in the SaaS, D2C, fintech, proptech, healthtech, and edtech sectors in the Middle East, North Africa, Turkey, Pakistan, and Sub-Saharan Africa. Read More
Sawari Ventures led a USD9m funding round for Egypt-based microelectronics company Si-Ware Systems, with participation from Egypt Ventures. Read more… Read More
SoftBank-backed edtech unicorn Unacademy has acquired India-based professional networking and consulting platform TapChief for an undisclosed amount, facilitating an exit for TapChief’s existing investors, including Blume Ventures. The transaction values TapChief at INR1b (approximately USD13.7m). Read more… Read More
Upper90, FJ Labs, Angel Ventures, Presight Capital, and angel investors have invested a USD50m seed round for VALOREO, a Mexico-based company specialized in acquiring, operating, and scaling e-commerce businesses. Read more… Read More
Tata Group has agreed to acquire a 68% stake in India-based grocery delivery startup BigBasket for USD1.3b, facilitating an exit for existing shareholders including Alibaba. Read more here and here… Read More
The I&P Acceleration in Sahel, a program launched in July 2020 by Investisseurs & Partenaires (I&P) and the European Union, has provided seed funding to 11 companies in West Africa. Read more… Read More
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