Ninety One, formerly known as Investec Asset Management, and Rand Merchant Bank Ventures have sold partial stakes in Botswana-based consumer goods supplier and distributor Kamoso Africa to Botswana Development Corporation (BDC). Ninety One and RMBV retain a controlling stake in the company, while BDC holds a 24% stake. Read More
India-focused early-stage venture capital firm Saama Capital led a ~USD6m Series A for India-based agtech Intello Labs, with participation from existing investors Omnivore and Nexus Venture Partners, and from new investors Grow and SVG Ventures-Thrive. Read more… Read More
Tiger Global Management and Avatar Growth Capital led a USD44m Series C for India-based SaaS firm SirionLabs. Sequoia Capital, QualGro ASEAN Fund, and Canopy Ventures previously led the company’s USD12m Series B in July 2016. Read more… Read More
Chinese technology-focused private equity firm Oceanpine Capital has reached a USD200m first close for its second fund, with 30% of the capital committed by the GP. The vehicle, which targets USD400m, will focus on technology-enabled opportunities in the TMT and healthcare sectors. Read more… Read More
Africa-focused venture capital fund manager Novastar Ventures has reached a USD108m final close for its second fund. The vehicle targets early and growth stage startups in East and West Africa. Read more… Read More
Asian Development Bank has approved a USD100m loan to the Government of Mongolia to support its response to the COVID-19 outbreak through its COVID-19 Rapid Response Program. As a part of the funding, support will be provided to micro, small, and medium-sized enterprises, including those engaged in international… Read More
Pirineus Multistrategy Investment Fund has acquired Brazilian power distributor Centrais Eletricas Brasileiras’ (Eletrobras’) 49% stake in Brazil-based 26-MW Mangue Seco 2 wind farm for BRL33m (approximately USD5.7m). Read more… Read More
Sequoia Capital India led a USD109m Series A for Indonesia-based coffee chain Kopi Kenangan, with participation from B Capital, Verlinvest, Kunlun, Sofina, and existing investor Alpha JWC Ventures. Read more… Read More
Warburg Pincus and Eight Roads Ventures have exited part of their stakes in Mumbai-listed drugmaker Laurus Labs. Warburg Pincus recently sold a nearly 8% stake for USD49m, after previously divesting shares for USD51m during the company’s IPO in December 2016. Warburg still holds an 11.26% stake in Laurus… Read More
General Atlantic led a USD300m funding round for China-based grocery e-commerce platform Dingdong Maicai. Earlier backers in the company include Sequoia Capital China and Qiming Ventures. Read more… Read More
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