M&A
Food ordering service Zomato has acquired portfolio company Blinkit, an India-based quick grocery delivery service backed by telecommunications group SoftBank and media company Bennett Coleman & Co, for about Rs 44.5bn ($568m). The transaction was initially reported in March this year to be between $700m and $750m in size.
Staff management service PagarBook has agreed to buy Vara Technologies, a Singapore-based, Indonesia-focused peer backed by investors including ride hailing service Gojek’s Go-Ventures subsidiary, for Rs 437m ($5.6m), Entrackr reported on Friday.
Diversified service app operator Careem acquired Munch:On, the United Arab Emirates-based food delivery subscription service that counted utility services provider Abu Nayyan Holding among its backers, for an undisclosed sum last Friday. Formerly known as Lunch:On, the company had raised $5.5m in a 2019 series A round featuring Abu Nayyan.
Public markets
AirCloset, the Japan-based fashion accessory subscription service backed by construction firm Daiwa House, payment services group Credit Saison’s Saison Ventures unit, laundry services provider Nakazono Holdings, warehousing service Terrada Warehouse, quantitative trading firm Susquehanna International Group, logistics services provider Global Logistic Properties’ Monoful subsidiary, conglomerate Sumitomo and financial services firm Sumitomo Mitsui Banking Corporation, has been approved to list on the Tokyo Stock Exchange. The company’s market capitalisation post-IPO is set to reach $47.5m.
Other funding
| Company | Company description | Sector | Country | Round | Size ($) | Date | Investors |
|---|---|---|---|---|---|---|---|
| ShopUp | Business-to-business e-commerce platform | Consumer | Bangladesh | B | 174 | 27/06/2022 | Prosus (Prosus Ventures); Valar Ventures (lead), Tiger Global, Flourish Ventures, Sequoia Capital, Veon Ventures |
| Deliveree | Truck booking and route optimisation platform | Services | Indonesia | C | 70 | 27/06/2022 | Salam Pacific Indonesia Lines (SPIL Ventures) (co-lead); Gobi Partners (co-lead), Inspire Ventures |
| Amogy | Ammonia-based power technology developer | Energy and Natural Resources | US | N/A | 46 | 23/06/2022 | SK Group (SK Innovation) (lead), Amazon (Climate Pledge Fund), Saudi Aramco (Saudi Aramco Energy Ventures), Newlab, Anglo-American Platinum (AP Ventures) |
| Solv | Small business-focused buy now, pay later platform | Financial | India | A | 40 | 27/06/2022 | SBI Holdings (lead), Standard Chartered Bank (SC Ventures) |
| Kerecis | Fish skin-derived cellular therapy developer | Healthcare | Iceland | N/A | 40 | 25/06/2022 | Kirkbi |
| Flowdesk | Digital asset management service | Financial | France | N/A | 30 | 27/06/2022 | Coinbase, Ledger; Eurazeo, Aglaé Ventures, Isai, Speedinvest, Fabric.vc, Alexandre Prot, Nicolas Julia, Pascal Gauthier, Sébastien Borget |
| Tibit Communications | Fiber broadband-focused network device developer | Telecommunications | US | C | 30 | 23/06/2022 | Liberty Global, Swisscom (Swisscom Ventures), Intel (Intel Capital), Ciena, Juniper Networks; Solasta Ventures |
| Vibrant Planet | Reforestry management software provider | Services | US | Seed | 17 | 23/06/2022 | Cisco (Cisco Foundation); Ecosystem Integrity Fund (co-lead), The Jeremy and Hannelore Grantham Environmental Trust (co-lead), Valia Ventures, Earthshot Ventures, Elemental Excelerator, Day One Ventures, Halogen Ventures, Chris Cox, Neil Hunt |
| Laka | Bicycle insurance provider | Financial | UK | A | 13.5 | 23/06/2022 | Porsche (Porsche Ventures), Pon Holdings (Ponooc), ABN Amro; Autotech Ventures (lead) |
| BioLumic | Ultra-violet light-driven plant growth improvement technology developer | Industrial | New Zealand | B | 13.5 | 21/06/2022 | Rabo Bank (Rabo Ventures); OurCrowd (lead), Finistere Ventures, Icehouse Ventures, Entourage Effect Capital, Arcview Ventures Seed Fund, Flatiron Venture Partners, RIV Capital, Virtu Capital, Bravos Capital, Privthi, NZ Booster Fund, Norwind Capital, MIG Nominee No 1 Limited, Aspire NZ Seed Fund |
| Sintermat | Innovative material developer | Industrial | France | N/A | 6.3 | 01/06/2022 | Safran (Safran Corporate Ventures), Crédit Agricole de Champagne-Bourgogne (Carvest); UI Investissement, BPIfrance Investissement |
| Octane11 | Analytics and collaboration software producer | Information Technology | US | Seed | 4.5 | 22/06/2022 | Bertelsmann (Bertelsmann Digital Media Investments); Javelin Venture Partners (lead), Plug and Play Tech Center (Plug and Play Ventures), Honeystone Ventures, Base Ventures, Circadian Ventures, AperiamVentures, Erik Matlick, Zain Jaffer, Eric Roza, Amar Goel |
| Magical Mushroom Company | Mycelium-based plastic substitute developer | Industrial | UK | Seed | 3.6 | 27/06/2022 | Ecovative Design (lead); Dale Vince, Marcus Watson, Robert Del Naja |
| Kizukai | Customer experience management service | Services | Japan | A | 3.2 | 27/06/2022 | Gree (Strive), Mitsubishi UFJ (Mitsubishi UFJ Capital), Mizuho Bank (Mizuho Capital); Daiwa Securities (Daiwa Corporate Investment) |
| Kriptos | Information automation software developer | Information Technology | Ecuador | N/A | 3.1 | 15/06/2022 | CompuSoluciones (CompuSoluciones Ventures); ActOne (Act One Ventures) (lead), BuenTrip Ventures, SVLA Venture Capital |
| Cluvi | Restaurant digitalisation tool provider | Information Technology | Colombia | Seed | 2.5 | 09/06/2022 | Cometa, Femsa (Femsa Ventures); Carolina García |
| Adamant Health | Parkinson’s disease treatment developer | Healthcare | Finland | Seed | 2.3 | 14/06/2022 | Gerresheimer, Cor Group; Voima Ventures |
| Metaphysiks | Robotic and immersive technology developer | Healthcare | Switzerland | Seed | 2 | 24/06/2022 | Logitech; The New Frontiers Investments (lead), All Here, Tej Tadi |
| The Legal | Digital legal software developer | Services | Japan | N/A | <1 ($450,000) | 24/06/2022 | Arc Holdings, DYM, Wiz, Eclair |
| Edge Tradeworks | Loan trading and analytics platform | Financial | US | A | N/A | 23/06/2022 | FTX (FTX Ventures) |
