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ADQ-backed Filipino fintech Salmon set to snag fresh equity funding
VCCircle
ยท
1y ago
Medial
Filipino fintech firm Salmon, backed by Abu Dhabi sovereign wealth fund ADQ, is on the verge of securing a new round of funding from a prominent international investor. Salmon is a consumer fintech company registered in the UAE but operating in the Philippines. With this fresh injection of equity funding, Salmon aims to further enhance its operations and grow its presence within the fintech industry.
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Captain Fresh acquires Poland-based salmon company Koral
Entrackr
ยท
1y ago
Medial
Seafood supply chain firm Captain Fresh has acquired Koral, a Poland-based producer and distributor of branded salmon products. Captain Fresh has signed the agreement with Abris Capital Partners, the ESG transformation specialist private equity investor, and Boguslaw Kowalski, the companyโs founder. The transaction is subject to the Polish antimonopoly office and other regulatory approvals. Prior to this, Captain Fresh had acquired CenSea, an American importer of frozen seafood and Senecrus, a French shrimp cooker and distributor. The Bengaluru-based company says that Boguslaw Kowalski and Justyna Frankowska will lead its global salmon strategy. According to market research, the salmon market is estimated at $33.5 billion in 2024. Koral manufactures smoked salmon products that are sold across domestic and international markets under the brand SuperFish. The company has 26 production lines, processing 120 tons of fish daily. Launched in 2020 by Utham Gowda, Captain Fresh is an online B2B platform offering seafood products. The platform offers trade of seafood such as shrimps, salmon, tuna, crab, lobsters, and more. It procures, processes, and distributes for retailers. Its mobile application is available on Android and iOS platforms. Fresh Captain is backed by major investors including Tiger Global Management, Prosus Ventures, British International Investment, Matrix Partners India, Accel, SBI Holdings, Evolvence Group, Ankur Capital and Incubate Fund. It has raised $165 million till to date. The firm is expected to close the current financial year at a revenue run rate of $650 to $700 million.
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Electric mobility startup GreenCell looking to snag fresh funding
VCCircle
ยท
1y ago
Medial
Electric mobility platform GreenCell Mobility, operated by GreenCell Express Pvt. Ltd (GEPL), is reportedly seeking fresh funding from external investors. GreenCell has already raised approximately $130 million from EverSource Capital's Green Growth Equity Fund. The startup aims to further expand in the electric vehicle (EV) market with the new funding.
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Tiger Global-backed Captain Fresh makes third acquisition of this year
VCCircle
ยท
1y ago
Medial
Indian B2B seafood provider Captain Fresh has announced its third acquisition of the year with the purchase of Polish salmon company Koral. No financial details were disclosed. Captain Fresh aims to become a leading global seafood conglomerate and sees the European market as a key opportunity. The acquisition of Koral will expand its operations in Europe and provide entry into the salmon market. Captain Fresh has previously acquired France-based Senecrus and America's CenSea. The company raised $25m in funding earlier this year and forecasts an annual revenue of $650-700m by the end of the financial year.
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Captain Fresh Eyes Third Overseas Acquisition With Poland-Based F&B Manufacturing Firm Koral
Inc42
ยท
1y ago
Medial
Bengaluru-based B2B seafood startup, Captain Fresh, is set to acquire Poland-based food and beverage manufacturing company, Koral. This will mark Captain Fresh's third overseas acquisition, following purchases in the US and France. The acquisition will enable Captain Fresh to expand its presence in Europe and enter the lucrative $33.5 billion salmon market. The financial terms of the deal have not been disclosed.
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UAE-based Aliph Capital makes second deployment from $250-mn vehicle
VCCircle
ยท
8m ago
Medial
UAE-based private equity firm, Aliph Capital, has made its second investment from its $250 million fund. The firm recently announced Saudi Venture Capital (SVC) as a limited partner for its Aliph Fund I. Backed by Abu Dhabi's sovereign wealth fund, ADQ, Aliph Capital focuses on mid-market investments.
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D2C label Minimalist in talks to snag fresh VC funding
VCCircle
ยท
6m ago
Medial
Direct-to-consumer skincare brand Minimalist is in discussions to secure new funding from a notable venture capital firm. This development comes amid reports that Hindustan Unilever Ltd is interested in acquiring the company. Operated by Jaipur-based Uprising Science Pvt. Ltd, Minimalist is aiming to raise a substantial amount through this fresh funding initiative.
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Abu Dhabi wealth fund ADQ signing off from India bet with a bummer
VCCircle
ยท
6m ago
Medial
Abu Dhabi sovereign wealth fund ADQ has decided to exit one of its limited private equity investments in India after four years, with minimal returns. Despite being involved in the Indian market, ADQ has not been as active as its counterparts like the Abu Dhabi Investment Authority and Mubadala. Details about the specific investment and the reasons for the exit have not been disclosed.
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Fintech Niro in talks for pre-Series B funding, eyes valuation bump
VCCircle
ยท
1y ago
Medial
Bengaluru-based consumer fintech startup Niro is in talks to secure pre-Series B funding at a higher valuation than before. The company, backed by Elevar Equity and GMO Ventures, is an embedded lending platform. It is currently raising funds for its pre-Series B funding round.
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PremjiInvest-backed Giva eyes fresh fundraise, in talks with large PE firms
VCCircle
ยท
6m ago
Medial
Giva, a silver and gold jewelry retailer backed by PremjiInvest, is planning a new equity funding round. The Bengaluru-based IndieJewel Fashions Pvt. Ltd, which operates Giva, is engaging in discussions with multiple private equity firms. Already bolstered by investments from various private equity and venture capital firms, Giva aims to further its growth and expansion through this fresh financial boost, according to three sources familiar with the matter.
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Bessemer, Investcorp-backed NephroPlus buys Filipino dialysis chain
VCCircle
ยท
1y ago
Medial
NephroPlus, an Indian dialysis services provider backed by Investcorp and Bessemer Venture Partners, has acquired Renal Therapy Solutions Inc. (RTSI), a dialysis network in the Philippines. This marks NephroPlus' second acquisition in the country and will bring their total clinic count to 27. The deal strengthens the company's presence in Luzon and Visayas regions and expands their global network to 385 clinics across four countries. Financial details of the deal were not disclosed. NephroPlus aims to continue its global expansion strategy and has previously expressed interest in going public.
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