Mahindra Finance To Bolster Women-Owned MSMEs With USD 200 Mn Fund
With an aim to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states of India, International Finance Corp, a subsidiary of World Bank Group, has announced an investment of USD 200 Mn in Mahindra Finance.
Accel Partners Launches USD 550 Mn Sixth Fund For Indian Early-Stage Startups
Venture capital firm Accel Partners India announced the final close of its USD 550 Mn fund on December 2, saying it would exclusively focus on seed and early-stage Indian startups. This is Accel’s sixth India-focused fund.
Tiger Global Leads USD 20 Mn Series A In Infrastructure Marketplace Infra.Market
Mumbai-based infrastructure technology company Infra.Market on Monday (December 2) announced that it has raised USD 20 Mn in Series A funding round. The investment has been led by US-based investment firm Tiger Global with participation from Nexus Venture Partners.
Dream11 Backer Multiple Alternate Announces First Close Of USD 800 Mn Fund
Multiples Alternate Asset Management, which backs sports gaming platform Dream11, has announced the first close of its USD 750-800 Mn for Multiples Private Equity Fund III at USD 560 Mn. The investment firm is targeting to close the fund in the next four to five months.
Indonesia’s Kredivo Banks USD 90m In Series C Round, Eyes Regional Expansion
FinAccel, the fintech company behind Indonesian digital credit card Kredivo, has raised USD 90 million in series C funding, the company announced today. The oversubscribed round was jointly led by Square Peg Capital and the Asia Growth Fund, a joint venture between Korea’s Mirae Asset and Line parent Naver.