Walmart led a USD1.2b investment in India-based e-commerce company Flipkart, with participation from existing shareholders. Walmart first invested in Flipkart in 2018, when it acquired a 77% stake for USD16b. Read more… Read More
Google has announced the launch of a INR750b (approximately USD10b) fund to make equity, operational, infrastructure, and ecosystem investments that accelerate the pace of digitization in India. Read more… Read More
ASMA Invest has committed an undisclosed amount in SEAF Morocco Growth Fund. The vehicle, which was created as part of the InnovInvest Fund program managed by the Caisse Centrale de Garantie, invests in innovative startups and SMEs with high growth potential in Morocco. Read more… Read More
Novastar Ventures, AXA Impact Fund, FMO, and Mirova’s Land Degradation Neutrality Fund led a USD28m Series B for Kenya-based tech-enabled sustainable forestry company Komaza. Read more… Read More
Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi), and MSA Capital led a USD10m pre-Series B for Nigeria-based B2B e-commerce startup TradeDepot. Read more… Read More
Qualcomm Ventures has agreed to invest INR7.3b (approximately USD97m) in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 0.15% stake. Read more… Read More
International Finance Corporation has approved a USD60m commitment to Mekong Capital’s Mekong Enterprise Fund IV. Of the USD60m, USD30m has been allocated to co-investment opportunities. The vehicle, which targets USD250m, will invest in consumer-related sectors in Vietnam. Read more… Read More
International Finance Corporation (IFC) has agreed to provide up to USD319m in loans to four businesses in Africa. Specifically, IFC will provide loans of USD185m to The Standard Bank of South Africa, USD100m to Egypt’s Commercial International Bank, USD28.2m to NSIA Banque Côte d’Ivoire, and USD5.2m to Ghanaian… Read More
Actis has reached a USD2.9b first close for Actis Energy 5, a vehicle focused on renewable energy investments across Latin America, Africa, and parts of Asia and targeting USD4b. Read more… Read More
Uncork Capital and Bling Capital led a USD2.2m seed round for Uruguay-based no-code and low-code AI startup MonkeyLearn. Read more… Read More
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