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Saudi Arabia’s PIF to Invest USD1.3b for 2.04% Stake in Reliance Industries’ Retail Unit
Saudi Arabia’s Public Investment Fund has agreed to invest INR95.55b (approximately USD1.3b) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 2.04% stake. Read More
CDC Makes USD100m Follow-On Commitment to Trade Risk Sharing Facility with SMBC BI
CDC Group has committed an additional USD100m to the existing trade risk sharing facility with SMBC Bank International to provide liquidity to markets and sectors in Africa. The investment brings CDC’s total commitment to the bank to USD200m. Read More
DEG Commits USD40m to AfricInvest Fund IV
DEG has disclosed a USD40m investment in AfricInvest Fund IV signed in June 2020. The vehicle, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read More
Walmart-Backed Flipkart and Accel Invest Undisclosed Series F for Indian Fashion Brand House USPL
Walmart-backed Flipkart and existing investor Accel Partners have invested an undisclosed Series F for India-based fashion brand house Universal Sportsbiz (USPL). Read More
Hony Capital Reaches USD130m Final Close for Debut China VC Fund
Hony Capital has reached a USD130m final close for Hony Ventures Fund I, a vehicle targeting early-stage investments in the consumer, internet, and digital enterprise service sectors in China. Read More
Sierra Ventures Leads USD1.75m Seed Round for Armenian Text-to-Podcast Conversion Startup Podcastle
Sierra Ventures led a USD1.75m seed round for Podcastle, an Armenia-based text-to-speech converter that uses artificial intelligence to convert news into podcasts, with participation from AI fund and Correlation VC. Read More
SP Ventures Invests USD2.4m in Brazilian Agricultural Credit Company Traive
SP Ventures has invested BRL14m (approximately USD2.4m) in Brazil-based agricultural credit company Traive, with participation from Bread & Butter Ventures and Techstars. Read More
Openspace and Mandiri Capital Lead Undisclosed Series A for Indonesian Omnichannel Sales SaaS Platform iSeller
Openspace Ventures and Mandiri Capital led an undisclosed Series A for Indonesia-based omnichannel sales SaaS platform iSeller. Read More
Astella Investimentos Leads USD1.4m Investment in Brazilian HRtech BossaBox
Astella Investimentos led a BRL8m (approximately USD1.4m) investment in Brazil-based HRtech BossaBox, with participation from Redpoint eventures and MIT Angels. Read More
NIIF Acquires Two Toll Road Projects in India from Essel
The National Investment and Infrastructure Fund (NIIF), through its NIIF Master Fund, has acquired two toll road projects from Essel Group for an estimated INR15-18b (approximately USD201-241m). Read More
Monk’s Hill Leads USD6m Series A for Indonesian Logistics Platform Logisly
Monk’s Hill led a USD6m Series A for Logisly, an Indonesia-based trucking logistics platform. Read More
KKR Invests in Philippines’ Telco Tower Builder Pinnacle Towers
KKR has made an undisclosed investment in Philippines-based telecom tower builder and operator Pinnacle Towers through its infrastructure fund. Read More