This week’s deals digest welcomes Zambia into the issue with a $2.1 million investment in Good Nature Agro. In emerging markets, India’s retail giant Reliance Retail raked a whopping $2.6 billion, following previous investments of $1.02 billion and $752 million covered in previous weekly deals digest issues. Globally, Uber’s Freight Service raised $500 million to further its product innovation and scale its logistics platforms.
Top Venture Deals in Africa
Zambia’s Good Nature Agro, a provider on agricultural finance services, raised $2.1 million from Goodwell, Global Partnerships, and Finca Ventures. Funds from the Series A investment round will help the startup connect smallholder farmers to large scale processors, build up its value add process infrastructure and accelerate its full farm extension services for small farmers.
In Nigeria, Greentec Capital Partners made an undisclosed Seed investment into PowerStove, a startup offering kitchenware appliances. The startup which covers non-recyclable paper, wood and agriculture residue into biomass pellets for smokeless electric cookers will use the funding to ramp up production and enhance its market offering.
Top Venture Deals in Emerging Markets
Reliance Retail has raised $2.6 billion from GIC, TPG, Mubadala Investment Company and General Atlantic, leading investments in both the emerging markets and the global markets in today’s’ issue.
Home First Finance Company, a company that offers affordable loans for housing raised $95.4 million from Warburg Pincus and Bessemer Venture Partners. The investment round which will combine primary fundraising and secondary sales by shareholders.
Lastly, Brazil’s Fretebras, an on-demand package and passenger transportation platform raised $17 million from IDB Investment. The transport platform that connects cargo and truckers intends to use the financing to increase its security, expand its team and optimize trip time.
Top Venture Deals Globally
Uber Freight raised 4500 million from Greenbriar Equity Group to scale its logistics platform and fund its product innovation. The middle man for trucking services will maintain majority share in the company, accord a board seat to managing partners from Greenbriar.
UK’s Molo, a fintech offering an online marketplace for residential mortgages raised $311.6 million from Macquarie Group, Patron Capital Partners and Yabeo. Molo combines automated decisions and human input to deliver faster mortgages to customers.
French startup October raised $300 million from investors, which will roll out in the next few years. The Startup will use the funding to finance new loans to small companies on its online P2B platform.
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