Prosus Ventures and Leeds Illuminate led a USD113m Series D for Eruditus Learning, an India-based edtech focused on providing executive-level courses. Chan Zuckerberg Initiative and existing investors Sequoia India and Ved Capital also participated in the round. Read more… Read More
Pacific Alliance Group (PAG) has agreed to acquire a 51% stake in India-based Edelweiss Wealth Management, which includes the wealth management, investment banking, and capital market businesses of Edelweiss Global Investment Advisors, for INR22b (approximately USD300m). Read more… Read More
Tiga Investments, OTB Ventures, and TDJ Pitango led a USD15m Series A for Cosmose AI, a Poland- and China-based data analytics platform focused on predicting consumers’ offline shopping behavior. Read more… Read More
STANLIB Asset Management has acquired a 10% stake in South Africa-based local renewable energy developer Mulilo Energy Holdings for USD10m. Read more… Read More
Delivery Hero has acquired Dubai-based grocery delivery marketplace InstaShop for USD360m, facilitating an exit for early backers Jabbar Internet Group and VentureFriends. Read more… Read More
Aleyo Capital has agreed to invest USD5.3m for a 29.1% stake in Zimbabwe-based financial services company First Mutual Reinsurance Holdings. Under the agreement, First Mutual will establish a subsidiary, First Mutual Reinsurance Holdings Limited (FMRHL), in Botswana, which will house its two re-insurance businesses. The deal is subject… Read More
CDC Group has made a USD12m follow-on investment in Miro Forestry, a sustainable forestry and timber business with operations in Ghana and Sierra Leone. The investment is part of the company’s USD48m funding round. Read more… Read More
GIC and Brookfield Asset Management have received government approval to acquire India-based telecom tower company Reliance Jio Infratel from a unit of Reliance Industries for INR252b (approximately USD3.4b). Read more… Read More
PAG has sold its 100% stake in South Korea-based toymaker Young Toys to a consortium including Nvestor, Corstone Asia, and Mirae-N, for USD127m. Read more… Read More
China-based smart EV company Xpeng Motors has raised USD1.5b in its IPO on the New York Stock Exchange in an offering of 99.7m shares at USD15 apiece. Existing shareholders Alibaba, Coatue, Qatar Investment Authority, and Xiaomi have subscribed for and been allocated an additional 6.65m, 2m, 1m, and… Read More
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