Multiples Alternate Asset Management has partially exited India-based multiplex chain operator PVR for INR.179b (approximately USD24.5m) through open market transactions. Read more… Read More
Tata Consumer Products has agreed to acquire 100% of Kottaram Agro Foods, an India-based packaged foods startup backed by Aavishkaar Capital, for USD21.3m. Read more… Read More
Sequoia Capital India has partially exited its stake in India-based paint manufacturer Indigo Paints via the company’s INR11.76b (approximately USD161m) IPO. Sequoia Capital sold 4.165m shares for INR6.19b (~USD84.6m). Read more… Read More
L Catterton has partially exited its stake in Brazil-based hair removal company Espaçolaser via the company’s BRL2.64b (approximately USD483m) IPO on the B3. L Catterton sold shares worth BRL811.6m (approximately USD148.5m) and reduced its stake from 33% to 5.27%, according to regulatory… Read More
Sanabil Investments and STV led a USD20m Series B for FOODICS, a Saudi Arabia-based restaurant management platform, with participation from Endeavor Catalyst, Elm, and Derayah Venture. Read more… Read More
Amethis has acquired an undisclosed minority stake in Nouvelle Minoterie Africaine (NMA), a Senegal-based fast moving consumer goods company focused on the production and distribution of poultry and livestock feed, pasta, and wheat flour. Read more… Read More
Flashpoint Venture Capital, Uniqa Ventures, PKO VC, Adamed, and existing investor Black Pearls VC led a EUR5.5m (approximately USD6.6m) Series A for telehealth and digital health services platform Telemedico. Read more… Read More
DEG has committed USD22m to Openspace Ventures Fund III, a Southeast Asia-focused fund managed by Openspace Ventures. The fund reached a USD90m+ first close in June 2020 and has a target of USD200m. Read more… Read More
China-based short video and live streaming app Kuaishou has raised HKD42b (approximately USD5.4b) in its IPO on the HKEX. Underwriters fully exercised the overallotment option, bringing the total capital raised to HKD48.2b (approximately USD6.2b). Ten cornerstone investors including GIC, Temasek, the Abu Dhabi Investment Authority, CPP Investments,… Read More
GGV Capital has reached a combined USD2.52b final close across five funds, including: USD1.46b for GGV Capital VIII; USD366m for GGV Capital VIII Plus; USD610m for GGV Discovery III; USD80m for GGV Capital VIII Entrepreneurs Fund; and CNY3.4b (approximately USD525m) for GGV Capital RMB Fund II. Read… Read More
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