As well, Blackstone Group invested in India’s Future Lifestyle Fashions Limited (FLFL) for $244 million; Temasek-backed Brazilian venture capital Monashees plans to raise $280 million for its ninth fund.
India
Blackstone Group invests $2.44 billion in Future Lifestyle Fashions Limited (FLFL), a fashion fashion company owned by the Indian retail giant Future Group. According to DealStreetAsia, Blackstone Group invested approximately $244 million in bonds through FLY’s holding company, Ryka Commercial Ventures Pvt Ltd. The statement said that as part of the deal, Blackstone Group also acquired a 6% stake in FLFL. Through this transaction, Blackstone will become Ryka’s sole financial partner.
B2B online platform for medical devices and supplies Medikabazaar raised $15.6 million. According to ET Tech, HealthQuad, a venture capital firm focused on healthcare, Ackermans & van Haaren, a Belgian conglomerate, Rebright Partners, an early investment company, and Toppan Printing Co, Japan, led the round of financing. It is reported that the company raised $5 million in the A round of financing in October last year. Founded in 2015, Medikabazaar is currently targeting India’s 2nd and 3rd tier cities and rural areas, and plans to expand into other areas such as vascular surgery equipment, ENT, varicose lasers, gynecology, interventional radiology and OT environments. Safety.
Southeast Asia
Malaysia KFC and Pizza Hut operator QSR Brands plans to restart the IPO this year. According to DealStreetAsia, Bloomberg reported that QSR Brands (M) Holdings Bhd. plans to restart IPO as early as the fourth quarter of this year. It is reported that after negotiating with the bankers, the company shelved the sale of shares in Malaysia on Wednesday, but did not give any reason. Insiders said the plan to restart the IPO is still in its infancy, and the company’s earnings for the next two quarters will play a key role in determining timing.
Africa
Opera’s Nigerian financial technology startup OPay announced the completion of a $120 million B-roundCapital. According to TechCrunch, Nigerian financial technology startup OPay announced the completion of a $120 million Series B round of financing. This round of investors includes US group reviews, source code capital, IDG Capital, Jinshajiang Venture Capital, Sequoia Capital China, Gaochun Capital, Softbank Asia, Bertelsmann and Red Dot Venture Capital. According to the company’s CFO, this round of financing will be used to expand its Nigerian business and enter the national markets of Kenya, Ghana and South Africa.
American VCs Modus Capital announced the launch of funds for the Middle East and North Africa. According to Disrupt-Africa, the fund is the first regional fund of Modus Capital to invest in companies in the Middle East and North Africa (MENA) growing stage. It is reported that the fund has raised $75 million. According to Modus Capital, the fund will focus on companies that focus on women and financial inclusion, health, education and unemployment.
Latin America
Temasie-backed Brazilian venture capital Monashees plans to raise $280 million for its ninth fund. According to Contxto, Monashees recently applied to the US Securities and Exchange Commission (SEC) to raise new funds. It is reported that Monashees’ fundraising will be completed within the next 12 months. The venture invested in the fundraising of its eighth fund last year, raising a total of $150 million. In addition, Monashees’ portfolio includes the taxi application 99, the freight forwarder Nowports, the express startup Loggi and the “universal errands” Rappi.
Tiger Global leads the Colombian real estate technology startup Habi $5.5 million pre-seed round of financing. According to Contxto, companies such as Homebrew Capital, an early US venture capital firm, and Reshape Holdings, a US venture capital firm focused on real estate, participated in the round of financing. It is reported that Habi is a technology-driven real estate company dedicated to simplifying the life cycle of home purchases throughout Latin America. Using proprietary pricing algorithms, Habi helps middle-income customers buy and sell homes faster and more efficiently without worrying about the uncertainty of traditional real estate transactions.
Middle East
Dubai car rental startup Ekar completed $17.5 million in Series B financing to expand its operations to Saudi Arabia. According to Menabytes Reported that this round of financing was led by Dubai-based Polymath Ventures, Saudi Arabia’s auto company Al Yemni Group and Dubai’s investment agency Audacia Capital. Founded in 2015, Ekar allows users to rent cars in minutes, hours or days through their mobile apps (for Android and iOS).
Other
Informed sources revealed that Softbank has raised at least $2 billion for its second vision fund (Vision Found). According to ET Tech, Softbank said that the second vision fund is expected to raise funds from Apple, Microsoft, Foxconn Technology Group and Kazakhstan’s sovereign wealth fund. It is reported that the first vision fund was launched in October 2016, and it took 7 months to complete the fundraising of $93 billion. Softbank said in July that its second vision fund will be larger than the first, which raised nearly $100 billion in 2017. In addition, it is reported that Softbank’s second vision fund has made at least one investment.
Instant Messaging Application Line and Yahoo Japan carrier Z Holdings agreed to merge in October 2020. According to Sina’s report, instant messaging software Line and Z Holdings agreed to merge in October 2020, and Softbank and NAVER proposed to privatize Line at a price of 5,200 yen per share.
Byte Bounce Response “The Music Streaming Service will be launched”: No comment will be given. According to the report, there is news that today’s headlines, vibrato, and TikTok parent company’s bytebeat plan to launch music streaming services similar to Spotify and Apple Music. Byte Beat is discussing with the world’s largest record companies, including Universal Music, Sony Music and Warner Music, about licensing the songs of these record companies to the byte-hopping music subscription service. In response to this, the byte beat responded that it did not comment on market rumors.
Drip launched DiDi Premium service in Japan: You can play a premium car. According to the fast technology report, according to foreign media reports, Didi Japan will conduct DiDi Premium service trial operation in certain areas of Tokyo on November 22. DiDi Premium is a high-end car service, users can call the car (crown), MPV (Elfa), luxury car (Lexus LS600, Mercedes-Benz S-class) in the Didi client, coveringThe scope includes Tokyo Port Area, Chiyoda-ku, Chuo-ku, Shinjuku, and Shibuya.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
Picture | Vision China
