Palestine-based fitness application Inggez has secured an investment from Middle East-focused venture capital firm Ibtikar Fund. Inggez partners with a variety of gyms and fitness studios, offering users on-demand access to fitness venues through its mobile application. The company will use the new capital to expand in Egypt and test… Read More
Singapore-based digital payments platform 2C2P has raised USD52 million in new funding from global development finance institution IFC and Asia-focused venture capital investors Cento Ventures and Arbor Ventures. 2C2P operates across Southeast Asia, North Asia, the United States, and Europe, with a focus on ASEAN countries. The capital will help… Read More
Mexico-focused private investment fund manager Nexxus Capital has divested its stake in Krispy Kreme Mexico, a Mexico-based subsidiary of Taco Holding, to the global brand owner Krispy Kreme Doughnut Corporation. Nexxus began investing in Taco Holding’s subsidiary restaurants in Mexico in 2011. Financial details of the transaction were not disclosed. Read More
India-based digital payments company Paytm has raised USD1 billion in an investment round led by US-based asset manager T. Rowe Price. Additional participants in the round, which reportedly values the company at USD16 billion, include the SoftBank Vision Fund, China-based online payment platform Ant Financial, and global venture capital investor… Read More
Heetch, a France-based ride hailing mobile platform, has secured USD42 million in Series B funding for expansion in francophone Africa. Pan-African private equity and venture capital fund manager AfricInvest will contribute USD4 million to the round, adding to the USD38 million raised from Cathay Capital Private Equity, Total Ventures, Idinvest… Read More
Brazil-focused alternative asset manager Patria Investments has agreed to sell Argo Energia, a Brazil-based power transmission company, to Colombia-based Energía Bogotá and Spain-based Rede Eléctrica for BRL3.5 billion (approximately USD835 million). The company operates 1,400 kilometers of transmission lines, linking energy generation assets, distributors, and consumers. Patria created the business… Read More
Poland- and Central Europe-focused private equity fund manager Value4Capital (V4C) has agreed to acquire a majority stake in Summa Linguae Technologies, a Poland-based language technology service provider, for PLN54 million (approximately USD14 million). V4C Poland Plus Fund will purchase 1.016 million existing shares from select shareholders at a price of… Read More
Ethiopia-focused fund manager Cepheus Growth Capital Partners has acquired a minority stake in Tabor Ceramics Products, an Ethiopia-based ceramic products manufacturer. The company, which produces tiles, sanitary ware, tableware, and ceramic insulators, will use the equity investment to expand production and launch a new product line. Financial details of the… Read More
Brazil-based e-commerce software company VTEX has secured BRL580 million (approximately USD138 million) in funding from Japan-based technology and investment conglomerate SoftBank and Latin America-focused asset managers Gávea Investimentos and Constellation Asset Management. SoftBank will reportedly complete the investment through its Latin America-focused fund. VTEX provides a centralized platform for businesses… Read More
China-focused investors Ping An Capital, Primavera Capital, and Junqian Management have agreed to acquire a 51 percent stake in China-based dairy products producer Junlebao for CNY4 billion (approximately USD569 million) from parent company China Mengniu Dairy. Junlebao, which operates 17 production plants and 10 ranches, primarily produces milk powder, low-temperature… Read More
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