Saudi Arabia’s Public investment Fund (PIF) has invested INR95.5 billion ($1.3 billion) in India’s Reliance Retail, taking a 2% stake.
It extends a string of large investments in Reliance Retail totaling around $6.4 billion and contemplates a pre-money equity valuation of $62.4 billion. There has been significant interest from Middle...
KKR and DCP Capital Partners have jointly invested in Adopt A Cow, a China-based dairy farm operator that pursues a direct-to-consumer sales model underpinned by digital tools.
Centurium Capital and Joy Capital have invested $250 million in scandal-hit Chinese coffee shop chain, with Centurium describing it as a sign of faith in the company’s business model and long-term prospects.
China-based logistics provider ZJS Express has raised a RMB1 billion ($153 million) Series B round led by Sino-Ocean Capital. Gaolin Capital and state-backed HighRun Capital also participated.
Japanese venture capital firm Samurai Incubate has closed its second Africa-focused fund above target at just over JPY2.02 billion ($18.6 million).