China-focused venture capital firm Plum Ventures has reached a final close for its fifth early-stage fund with CNY533 million (approximately USD77 million) in capital commitments. Institutional investors reportedly committed 80 percent of the fund’s corpus, and the remaining 20 percent was committed by individual investors. The fund reached a first… Read More
Peru-focused private equity fund manager Nexus Group has sold a 6 percent stake in Peru-listed retail company InRetail Perú for USD240 million. InRetail operates supermarkets and shopping malls in Peru, as well as pharmacies in Peru, Ecuador, Colombia, and Bolivia. Nexus first invested in the company in 2011 via NG… Read More
Nigeria-based mobile payments company OPay has raised USD50 million from China-based e-commerce company Meituan-Dianping; Norway-based, US-listed internet browser company Opera; and venture capital fund managers IDG Capital, Sequoia Capital, Source Code Capital, and GSR Ventures. OPay plans to use the new funding to strengthen its presence in Nigeria, expand to… Read More
Global private equity fund manager Warburg Pincus and India-focused venture capital firm SAIF Partners have led a USD65 million Series E investment round for Rivigo, an India-based logistics technology company. The round is reportedly ongoing and includes USD36 million committed by the two lead investors in February 2019. Separately, Warburg… Read More
Philippines-focused private equity fund manager Navegar has reached a first close for its second fund with USD87 million in capital commitments. The fund received commitments from 20 investors, including development finance institution IFC, which committed USD20 million. Navegar II, which is seeking USD200 million in total commitments, plans to make… Read More
India-focused venture capital fund manager A91 Partners has reached a final close for its first fund with USD351 million in capital commitments. Investors in the fund include development finance institution IFC, alternative investment firm LGT Capital Partners, and fund of fund managers Asia Alternatives Management and Adams Street Partners. The… Read More
Global impact investing firm SEAF has invested in Indonesia-based bakery and café BEAU Artisan Bakers through SEAF Women’s Opportunity Fund. BEAU intends to use the funding to expand its retail chain, develop a new centralized production facility, and improve financial management. Financial details of the transaction were not disclosed. Read More
Cyprus-based digital authentication services provider Au10tix, a subsidiary of Netherlands-based security technology company ICTS International, has received a USD60 million strategic minority investment from global alternative asset manager TPG. The company provides solutions for automating the capture, classification, authentication, and conversion of identification documents and document images for digital records. Read More
Impact investment fund manager responsAbility Investments has committed USD4 million as part of a USD18 million debt financing round for d.light, a global provider of solar power and lighting solutions for off-grid communities. Other participants in the funding round include impact investing firms SunFunder, Social Investment Managers & Advisors, and… Read More
China-based used-car trading platform Uxin has raised USD230 million through a convertible note issuance to investors including private equity fund managers Warburg Pincus and TPG, as well as China-based online classifieds platform 58.com. Uxin’s main offerings include a business-to-business auction platform and a consumer-focused platform providing recommendations, financing, title transfer,… Read More
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