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Accel and Lightspeed Invest USD15m Seed Round for Indian Fintech Zolve
Accel Partners and Lightspeed Venture Partners have invested a USD15m seed round for Zolve Innovations, a cross-border neobanking platform based in India, with participation from Blume Ventures, Founder Collective, and angel investors including former Helion Managing Director Dr. Ashish Gupta, Greg Kidd, Cred Founder Kunal Shah, DST Global Managing Partner Rahul Mehta, and Coatue Capital Senior Managing Director Rahul Kishore.… Read More
Boyu Capital Reaches USD3.6b Final Close for USD-Denominated China Fund
Boyu Capital has reached a USD3.6m final close for Boyu Capital Fund IV, its latest USD-denominated vehicle focused on investments in China. Read More
Base10 Leads USD7.8m Seed Round for Mexico-Focused Fintech Mundi
Base10 led a USD7.8m seed round for Mundi, a fintech platform aiming to facilitate US-Mexico trade by helping Mexican exporters get access to trade financing, with participation from FJ Labs. Read More
Nuwa Capital Reaches USD75m First Close for MENA VC Fund
Nuwa Capital has reached a USD75m first close for Nuwa Ventures Fund I. The vehicle, which has an initial target of USD100m, will invest in startups operating in the SaaS, D2C, fintech, proptech, healthtech, and edtech sectors in the Middle East, North Africa, Turkey, Pakistan, and Sub-Saharan Africa. Read More
Sawari Ventures Leads USD9m Investment in Egyptian Microelectronics Company Si-Ware
Sawari Ventures led a USD9m funding round for Egypt-based microelectronics company Si-Ware Systems, with participation from Egypt Ventures. Read More
Unacademy Acquires Professional Networking and Consulting Platform TapChief, Blume Ventures Exits
SoftBank-backed edtech unicorn Unacademy has acquired India-based professional networking and consulting platform TapChief for an undisclosed amount, facilitating an exit for TapChief’s existing investors, including Blume Ventures. The transaction values TapChief at INR1b (approximately USD13.7m). Read More
Upper90, FJ Labs, Angel Ventures, and Presight Capital Invest USD50m Seed Round for Mexican E-Commerce Acquirer VALOREO
Upper90, FJ Labs, Angel Ventures, Presight Capital, and angel investors have invested a USD50m seed round for VALOREO, a Mexico-based company specialized in acquiring, operating, and scaling e-commerce businesses. Read More
Tata Group Acquires Indian Online Grocer BigBasket for USD1.3b, Alibaba Exits
Tata Group has agreed to acquire a 68% stake in India-based grocery delivery startup BigBasket for USD1.3b, facilitating an exit for existing shareholders including Alibaba. Read more here and h Read More
I&P Acceleration in Sahel Invests in 11 West African Companies
The I&P Acceleration in Sahel, a program launched in July 2020 by Investisseurs & Partenaires (I&P) and the European Union, has provided seed funding to 11 companies in West Africa. Read More
LeapFrog to Exit Stake in Kenyan Medical Insurance Provider Resolution Insurance via Sale to Linkham Group
LeapFrog Investments has fully exited its stake in Kenya-based medical insurance provider Resolution Insurance via a sale to Linkham Group for an undisclosed amount. The transaction is subject to regulatory approvals and is expected to close by the end of Q1 2021. Read More
Astella Invests USD1.5m in Brazilian Omnitech Solutions Startup bornlogic
Astella Investimentos has agreed to invest BRL8m (approximately USD1.5m) in bornlogic, a Brazil-based omnitech solutions startup. Read More
Qatar Investment Authority and Glade Brook Capital Invest USD100m in Indian News Aggregator DailyHunt
Qatar Investment Authority and Glade Brook Capital Partners led a USD100m investment in India-based news aggregator DailyHunt, with participation from Sofina and Canaan Valley Capital. The investment appears to be an extension of the previous USD102m Series H in which Sofina, Google, Falcon Edge Capital, and Microsoft took part. Read More