Warburg Pincus and Goodwater Capital co-led a USD100m Series D for Vietnam-based M Service JSC which operates MoMo, a mobile wallet services provider. Affirma Capital, Kora Management, Tybourne Capital, and Macquarie Capital also participated in the round. Read more… Read More
New Fortress Energy has acquired Stonepeak-backed Hygo and Golar LNG Partners for USD5b. The investment will add 2700MW of power generation and a robust customer pipeline to Brazil’s natural gas and power markets. Read more… Read More
Warburg Pincus has acquired a minority stake in India-based online pharmacy MedPlus Health Services through an equity and debt transaction. Warburg has invested INR5b (approximately USD68m) in equity for a reported 20-25% stake and has provided INR3b (approximately USD41m) in debt finance. Read more… Read More
Indian edtech Byju’s has agreed to acquire Aakash Educational Services, an India-based brick and mortar test prep company backed by Blackstone, for USD1b. The acquisition will see Aakash’s founders exit the company, while Blackstone, which picked up a 37.5% stake in Aakash in October 2019, will swap a… Read More
South Korea’s Hanwha Asset Management led a USD300m investment in Southeast Asian ride-hailing and food delivery giant Grab’s fintech business. Flourish Ventures and Arbor Ventures, as well as existing investors GGV Capital and K3 Ventures, participated in the round. Read more… Read More
Astella Investimentos led a BRL11m (approximately USD2m) funding round for Brazil-based omnichannel learning platform Skore, with participation from Alexia Ventures. Read more… Read More
GapMinder led a USD2.5m Series A for DRUID, a Romania-based company specialized in developing intelligent virtual assistants (chatbots) for businesses, with participation from Early Game Ventures and unnamed private investors. Read more… Read More
New investor CDC Group and existing investors Accel Partners, IFC, IDG Ventures, Chiratae Ventures, and Schroeder Adveq have invested a USD9.3m growth funding round in India-based packaging materials marketplace Smartpaddle Technology. Read more… Read More
LAUNCHub Ventures has reached a EUR44m (approximately USD53.5m) first close for its latest fund. The vehicle, which has an initial target of EUR70m, will focus on early-stage investments in Central, Eastern, and Southeastern Europe (SEE). Read more… Read More
Denmark’s Investment Fund for Developing Countries (IFU) led a USD38m Series B for Nigeria-based hybrid solar power solutions provider Daystar Power, with participation from French impact infrastructure fund STOA, Proparco, and Morgan Stanley Investment Management. Read more… Read More
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