Dodla Dairy in India has raised $50 million in private equity to help fund its business supplying milk sourced sustainably from the thousands of smallholder farmers in the country. The $2B Growth Fund's Rise Fund facilitated the deal, its first in AgTech.
EverFi has raised $190 million in Series D funding to continue teaching essential life skills through its unique platform on digital. The $2B Rise and Growth Funds led the deal. U2's Sonny Bono is a partner at the TPG Growth Fund.
Both the size and target of TPG's new and impacting Rise Fund are unprecedented.
The fund, $1B when first announced has since grown to $2B, and is a market-mover, with investments in countries like Myanmar to improve the poor country's telecom infrastructure and India to...