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IDC Ventures Leads USD30m Series B for Mexico’s UnDosTres
IDC Ventures led a USD30m Series B for UnDosTres, a Mexico-based integrated payments platform for prepaid phone plans and utility bills, with participation from Telegraph Hill Capital, AI8 Ventures and Benber LP, and follow-on from Dalus Capital and IGNIA Partners. Read More
Vantage Capital Invests ~USD105.7m in Maple Bear CEE Expansion
Vantage Capital invested ~USD105.7m (EUR100m) in Maple Bear, a Canada-based K-12 bilingual school franchise, for its CEE expansion. Read More
TLcom To Invest USD2m in FirstCheck Africa’s Debut Fund
TLcom agreed to invest USD2m in FirstCheck Africa’s USD10m debut fund. Read More
Goldman Sachs Asset Management Leads ~USD40m Series C for Brazil’s Conexa Saúde
Goldman Sachs Asset Management led a ~USD40m Series C for Conexa Saúde, a Brazil-based telemedicine marketplace, with follow-on from General Atlantic, Igah Ventures and Endeavor Scale-Up. Read More
Actis To Acquire 10% Stake in Brazil’s Omega Energia for ~USD162m (BRL850m)
Actis agreed to acquire a 10% stake in Brazil-based renewable energy company Omega Energia for up to ~USD162m (BRL850m). Read more here and h Read More
Tiger Global Leads USD25m Series A for India’s Battery Smart
Tiger Global led a USD25m Series A for Battery Smart, an India-based electric vehicle battery-swapping network run by Upgrid Solutions, at a reported USD125m valuation, with follow-on from Blume Ventures and Orios Venture Partners. Read more here and h Read More
Alpha Intelligence Capital and Dutch Founders Fund Lead USD9.5m Series A for UAE’s Vamstar
Alpha Intelligence Capital and Dutch Founders Fund led a USD9.5m Series A for Vamstar, a UAE-based AI sourcing platform for medical supplies and pharmaceuticals, with follow-on from btov Partners and Antler. Read More
Careem Acquires UAE’s Global Ventures-backed MUNCH:ON
Careem acquired UAE-based food delivery platform MUNCH:ON for an undisclosed amount. Careem became the Middle East’s first unicorn when US-based Uber bought it in 2019 for USD3.1bn. Read more here and h Read More
Amethis, Partners To Sell 30% Stake in Kenya’s Naivas Supermarket
Amethis, with its partners IFC, DEG and MCB Private Equity, agreed to sell its 30% stake in Kenya-based retail chain Naivas Supermarket to IBL Group for an undisclosed amount. Read more here and h Read More
Temasek Leads USD80m Series B for China’s Mojia Biotech
Temasek led a USD80m Series B for Mojia Biotech, a China-based bio-manufacturing company with a focus on sustainable development and carbon neutrality, with participation from LYZZ Capital and Sento Investment, and follow-on from Bits x Bites, Asia Green Fund and other investors. Read More
ALERE Advisors Acquires 27.7% Stake in Colombia’s Agropecuaria Promialianza
Alere Advisors acquired a 27.7% stake in Colombia-based food supplier Agropecuaria Promialianza for an undisclosed amount. Read More
Zomato Acquires VC-Backed Blinkit for USD568m
Zomato acquired India-based instant grocery delivery startup Blinkit for USD568m at a reported ~USD700m valuation. Blinkit, formerly known as Grofers, is backed by Sequoia Capital, Tiger Global Management and others. Read More