Partech has successfully closed its second Africa-focused fund, Partech Africa II, at over $300 million (€280M), marking a significant milestone as the largest Africa-focused fund to date. The fund aims to invest in a wide range of stages, from seed to Series C, with investment amounts ranging from $1 million to $15 million. This development underscores the growing interest and confidence in Africa's tech ecosystem, as evidenced by the fund's previous investments in companies such as Wave, TradeDepot, and Reliance. Additionally, India's trade with Africa has seen a substantial increase, growing from US$ 68.5 billion in 2011-12 to US$ 90.5 billion in 2022-23, with Indian investors significantly expanding their footprint across the continent. India is now among the top five investors in Africa, highlighting the strengthening economic ties between India and Africa.