India-focused private equity fund manager ChrysCapital has led an INR3.5 billion (approximately US$55 million) Series C round for India-based non-banking finance company Varthana. Existing investors—including emerging markets-focused venture capital fund manager Elevar Equity, private equity impact investor LGT Impact, philanthropic investment firm Omidyar Network and education-focused private equity firm Kaizen… Read More
Growth markets investor Actis has exited India-based renewable energy platform Ostro Energy to ReNew Power, an India-based clean energy-focused independent power producer. Canada Pension Plan Investment Board (CPPIB) has invested US$247 million in ReNew Power to support the acquisition of Ostro, bringing CPPIB’s total investment to date in ReNew Power… Read More
E-commerce and technology conglomerate Alibaba Group Holding has agreed to acquire a 57 percent stake in China-based online delivery and local services platform Ele.me. Alibaba and its affiliate Ant Small and Micro Financial Services currently own 43 percent of outstanding voting shares in the company. Exiting investors in Ele.me include… Read More
European technology-focused growth capital investor 3TS Capital Partners has exited Bulgaria-based enterprise analytics database developer MammothDB to MariaDB, a Finland-based database software provider. 3TS originally invested in MammothDB in 2015. Financial details of the transaction were not disclosed. Read More
Global technology-focused venture capital firm Trinity Ventures has led a US$70 Million Series B round comprising both equity and debt for emerging markets-focused mobile financial services provider Branch International. Alternative credit provider Victory Park, International Finance Corporation and venture capital investors Andreessen Horowitz and CreditEase FinTech Investment Fund also participated… Read More
Brazilian technology-focused fund manager Confrapar has led an investment in Brazil-based aerospace company ALTAVE through the Aerotec Fund. Latin America-focused alternative asset manager Bozano Investimentos and Brazil-focused venture capital firm Triaxis Capital also participated in the funding round through their joint early-stage venture capital fund Criatec II. ALTAVE, which manufactures… Read More
U.A.E.-based investment data platform MAGNiTT has raised US$1 million in a seed financing round led by global venture capital investor 500 Startups. Fund managers Middle East Venture Partners and KISP Ventures, Saudi Arabia-based professional services firm Financial Horizon Group and U.A.E.-based information technology group iNet also participated in the round. Read More
Telecom, media and technology-focused venture capital fund manager TLcom Capital has led a US$5 million funding round for Nigeria-based mobile marketing start-up Terragon. TLcom invested through the TIDE Africa Fund, which aims to invest in early- and growth-stage digital enterprises in Africa. Terragon will use the new funds to hire… Read More
India-focused private equity firm Lighthouse Funds has reached a first close for its third fund with US$150 million in capital commitments. Investors in the fund include development finance institution IFC, which will commit up to US$45 million. The fund, which is reportedly targeting US$200 million in total commitments, will invest… Read More
Sunlands Online Education Group, a China-based provider of post-secondary and professional education backed by Primavera Capital Group and Matrix Partners China, has raised US$149.5 million via its initial public offering (IPO) on the New York Stock Exchange. Sunlands sold 13 million new American Depository Shares for US$11.50 per share. Concurrent… Read More
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