Middle East- and Africa-focused fund manager Algebra Ventures led a seed round for Egypt-based fintech Khazna with participation from Accion Venture Lab. The size of the investment remains undisclosed. Read more… Read More
India-focused fund manager Motilal Oswal Private Equity has invested INR2.4b (approximately USD32.4m) in Indian molecular diagnostics manufacturer Molbio Diagnostics via its India Business Excellence Fund III. Read more… Read More
Southeast Asia-focused venture capital fund manager Openspace Ventures has named Jaclyn Seow as Vice President of ESG & Impact. In this role, Jaclyn will be heading the firm’s ESG initiatives, including measuring impact, and she will be working alongside NGOs and impact organizations to drive growth in Southeast… Read More
Asian Development Bank has appointed Sonali Tang as the head of its new branch in Singapore, which opened on 5 March 2020. In this new role, Sonali will focus on tackling climate change, financing and building quality infrastructure, pioneering innovation in development operations, and managing urbanization. Read… Read More
Nexxus Capital has exited Mexican taco franchise El Farolito via a sale to Mexican Stock Exchange-listed Grupo Gigante. The details of the transaction were not disclosed. Read more… Read More
Southeast Asia-based multinational agribusiness FKS Group has acquired a 51% stake in Brazilian sugar manufacturing company Tietê Agroindustrial from global asset manager Proterra Investment Partners which will retain 49%. Read more… Read More
China state-owned PE fund China Structural Reform Fund, Guoxin Capital, and CDH Investment co-led a USD190m Series A for Chinese electric vehicle charging operator Telaidian. Read more… Read More
CITIC Capital, CDH Investments, and Legend Capital have invested USD300m in China-based transportation service company SF Freight through a convertible note issue. If fully converted, the notes will give CITIC, CDH, and Legend stakes of 4%, 3%, and 3% respectively. Read more… Read More
A consortium of investors including SoftBank, Tencent, Hillhouse Capital, and Sequoia Capital China have invested a USD2.4b Series D+ for Chinese real-estate brokerage platform Beike Zhaofang. SoftBank previously invested USD1b in Chinese apartment rental platform Ziroom as part of its investment strategy to move into… Read More
Japan Post’s corporate venture arm led a USD26.4m investment in Singapore-based marketing technology startup AnyMind Group. Existing investor Mirai Creation Fund II also participated in the investment. Read more… Read More
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