Virgin Group helped its cruise ship spinoff, Virgin Voyages, raise $550m while American Express Ventures lined up two M&A exits.

Funds

Real estate developers Mitsubishi Estate, Tokyu Fudosan, Obayashi Corporation, Mori Trust and Hitachi Solutions have contributed to a $32m fund closed by US-based venture capital firm Agya Ventures. The firm will invest in real estate and metaverse technology.

M&A

Digital payment services provider Razorpay has agreed to purchase a stake sized above 80% in Ezetap, an India-based mobile payment processor that counts payment services firm American Express as an investor. Ezetap had raised over $51m from backers including corporate VC vehicle American Express Ventures as of 2017. The acquisition is likely to value it between $100m and $120m that will be paid in cash and stock, sources told Entrackr.

American Express Ventures is also set to exit Lockstep, a US-based developer of software that connects accounting teams, in an acquisition of undisclosed size agreed by human resources software provider Sage Group yesterday. The unit invested…

Roshini Bains

Roshini Bains is the junior news reporter for Global Corporate Venturing and Global University Venturing.