Private Equity
Apis held a 10.04% stake, making it the second largest shareholder in the company.
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IFC has also allocated an additional $25m for selectively investing alongside the fund in Apis portfolio companies.
Deals
Giift issued shares to UK-based private equity firm Apis Partners and another investor last week.
The funding is part of an ongoing Series D funding round
Analysis
The company claims to have turned profitable in Q4 last year.
It is in the market to raise its third fund worth $500m for investments in SE Asia, South Asia, and Africa.
A quick recap of all that happened in the PE-VC world in the week gone by.
IFC is considering an investment of up to $60m in the fund.
In March, Money View had raised $75m in a Series D funding round from Tiger Global, and others.
DT One has bagged a $15 million investment from Apis Growth Fund II.
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