The newly launched EMPEA Institute presents the winner of the 2016 Sustainability and Operational Excellence Challenge (“the Challenge”): MCap Fund Advisors. MCap was selected for its active management of Ganesha Ecosphere Ltd. by securing the most votes from a global audience of over 200 leading emerging market private capital investors convened at the EMPEA/FT Sustainable Investing… Read More
Private equity and investment banking firm PC Capital Management and Creation Investments Capital Management, an investment management firm with a focus on financial services, have made a follow-on investment in Mexico-based Te Creemos. The new financing will be used to support Te Creemos’s acquisition of a 100 percent stake in… Read More
Venture capital firms IDG Ventures India and SAIF Partners have led a INR270 million (approximately US$4 million) Series A round for India-based mobile social gaming company PlaySimple Games. The company will use the funds for game development, team expansion and marketing. IDG originally invested in the company’s seed round in… Read More
Investment and advisory companies Delta Partners Capital and SEQ Capital Partners have led an investment round in United Arab Emirates-based on-demand video streaming service STARZ Play. The company will use the funds to launch new content offerings and expand its partnerships across the MENA region. Financial details of the transaction… Read More
Venture capital firms IDG Ventures India and Kalaari Capital have invested US$3 million in Singapore-based fintech startup Active.ai, which employs artificial intelligence (AI) to deliver virtual assistant banking services. Active.ai will use the investment to expand its clientele and improve its AI technology. Read More
Middle East-focused alternative investment firm Gulf Capital has acquired a controlling stake in Sporter.com, an online retailer of sports and nutrition supplements operating primarily in Gulf Cooperation Council (GCC) countries. The company will use the investment the enter new markets and further expand its portfolio of businesses. Financial details of… Read More
China-focused venture capital firm Long Hill Capital Management has reached a final close for Long Hill Capital Venture Partners 1 with US$125 million in capital commitments. The fund will focus on early-stage investments in technology-enabled health care and consumer services companies in China. Investors in the fund include global venture… Read More
Accion Venture Lab, the seed-stage investment vehicle of financial inclusion-focused investor Accion, has sold its stake in Varthana, an India-based provider of specialized loans and support to private schools, to an undisclosed investor. Accion Venture Lab originally invested in Varthana in May 2013. Financial details of the transaction were not… Read More
Emerging markets specialist private equity investor LeapFrog Investments has partially exited its stake in IFMR Capital, an India-based provider of capital market access to financial institutions serving low-income consumers. The exit is part of a larger deal in which Eight Roads Ventures, the proprietary investment arm of United States-based Fidelity… Read More
FIR Capital BZPlan, a partnership between Brazil-focused private equity firms FIR Capital Partners and BZPlan, has partially exited Myreks, a Brazil-based online platform for recommending e-commerce products, through the sale of a 10 percent stake. The transaction was part of a larger deal in which Brazil-based corporate management solutions developer… Read More
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