Technology-focused venture capital firm Amadeus Capital Partners has led a Series C round for India-based online marketplace IndiaMART. Other participants in the round included India-focused private investment firm WestBridge Capital; Quona Capital, an investor in growth-stage financial technology companies in emerging markets; and Intel Corporation’s venture capital arm Intel Capital. Read More
India-focused investment firm Aspada Investment Advisors, India-focused early stage venture capital firm Blume Ventures and a series of angel investors have invested US$650,000 in India-based Dunzo, the operator of a mobile application for managing personal tasks. The company, launched in 2015, allows consumers to complete a range of everyday tasks… Read More
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30 percent stake in Egypt-based port terminal operator Alexandria International Container Terminal to global port investor Hutchison Port Holdings. Separately, MENA Infrastructure has exited its 38 percent stake in Oman-based power… Read More
Nigeria-based e-commerce company Africa Internet Group (AIG) has secured EUR225 million (approximately US$244 million) from investment bank Goldman Sachs, South Africa-based telecom company MTN Group and global e-commerce investment company Rocket Internet. This amount is in addition to France-based insurer AXA’s EUR75 million (approximately US$81 million) investment in the company… Read More
Jobbatical, an Estonia-based platform that connects jobseekers to global tech jobs, has raised a US$2 million financing round from venture capital firms Union Square Ventures and LocalGlobe. Early-stage venture capital fund manager SmartCap also participated in the round. Jobbatical plans to use the new funding to improve its product and… Read More
Mexico-focused venture capital firm Antoni & Lelo de Larrea Venture Partners (ALLVP) has invested in Weex, a Mexico-based mobile virtual network operator. The company offers a platform on which users can create their own personalized mobile phone plans from a selection of talk, text and data bundles. Financial details of… Read More
Now accepting applications for investors, funders, accelerators and incubators On 22-24 June 2016, United States President Barack Obama will host the seventh annual Global Entrepreneurship Summit (GES) at Stanford University. The application for investors, funders, accelerators and incubators to apply to attend is now open. GES offers an opportunity to meet hundreds… Read More
Middle East-focused alternative asset manager Gulf Capital will expand its private debt business to Sub-Saharan Africa through a partnership with Africa-focused investment bank Serengeti Capital. Through this partnership, Serengeti Capital will be advising Gulf Capital on credit and mezzanine investment opportunities in Sub-Saharan Africa. Gulf Capital will make investments in… Read More
Vietnam-focused private equity firm PENM Partners has sold a 30 percent stake in European Plastics Window Company—a Vietnam-based door, window and partition manufacturer that markets under the Eurowindow brand—to Japan-based sliding door manufacturer Bunka Shutter. PENM Partners originally invested in the company in 2007 and made a follow-on investment in… Read More
AION Capital Partners, a joint venture between private equity firms ICICI Venture and Apollo Global Management, has agreed to back a consortium of former GE Capital executives to acquire GE Capital’s India commercial lending and leasing businesses, namely GE Capital Services India and GE Money Financial Services. The transaction will… Read More
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