Prosus helped B2B e-commerce platform ShopUp lift its series B round to $174m while SPIL Ventures co-led a $70m series C for trucking optimisation platform Deliveree.
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,…
