Fasal, an India-based precision agriculture platform, has secured USD1.6 million in seed funding from early-stage venture capital fund managers Omnivore and Wavemaker Partners. Other investors in the round include venture capital firms Mount Parker Ventures, Animoca, Mistletoe, Zeroth, and Artesian Ventures. The company, which uses an AI-powered platform and on-farm… Read More
Global consumer-focused private equity fund manager L Catterton has reached a final close for its third Asia-focused fund with USD1.45 billion in commitments. The fund will invest in retail and health care opportunities across first-tier cities in China, Japan, India, Southeast Asia, Australia, and New Zealand. Investors in the fund,… Read More
Mexico-focused venture capital firm ALLVP has led a USD15 million Series B financing round for Muy, a Colombia-based ‘cloud kitchen’ startup. Latin America-focused venture capital investor Seaya Ventures also participated in the round. Through its network of centralized kitchens and 20 physical dining locations, Muy allows users to place personalized… Read More
Asia-focused impact investor ABC World Asia, an affiliate of Singaporean sovereign wealth fund Temasek Holdings, has reached a final close for its inaugural fund with SGD385 million (approximately USD283 million) in commitments. Investors in the fund include Temasek Holdings; Temasek subsidiaries Temasek Trust, Pavilion Capital, and Seatown Holdings; real estate… Read More
China-based e-commerce company Alibaba Group and China-focused private equity firm YF Capital have agreed to acquire a 16.2 percent stake in Meinian Onehealth, a listed China-based medical examination center operator, for CNY7.3 billion (approximately USD1 billion). YF Capital will invest CNY2.44 billion (USD345 million) of the total for a 5.34… Read More
The Latin America-focused arm of global impact investing platform Acumen has invested in Colombia-based solar energy company Suncolombia. The company designs, manufactures, installs, and maintains photovoltaic systems, providing off-grid solutions to rural areas and developing on-grid projects for public and private clients. Financial details of the transaction were not disclosed. Read More
Kenya-based agribusiness technology company Twiga Foods has raised USD23.75 million in a Series B funding round led by global asset manager Goldman Sachs. Additional participants in the round include Twiga’s existing investors, such as venture capital firms Wamda Capital and TLcom Capital, evergreen investment company Creadev, and International Finance Corporation. Read More
Livonia Partners, a private equity fund manager focused on the Baltic states, has agreed to acquire Estonia-based glass producer Klaasimeister. The company specializes in manufacturing energy-efficient insulated glass units for façade projects. Financial details of the transaction, which is subject to approval by the Estonian Competition Authority, were not disclosed. Read More
Global SME-focused impact investment firm SEAF has reached a first close for the SEAF Caribbean SME Growth Fund with USD35 million in commitments. Investors in the fund include anchor investor Sagicor Group Jamaica, which contributed USD20 million; Sandals Resorts; Unit Trust Corporation; and the Development Bank of Jamaica. The fund… Read More
Affirma Capital, an EM-focused private equity firm operated by the former management team of Standard Chartered Private Equity (SCPE), has exited its remaining stake in India-listed manufacturer and marketer of Pepsi brand products Varun Beverages. Affirma sold approximately 1.6 million shares in Varun on the National Stock Exchange of India… Read More
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