Growing interest in control deals among Indian GPs means increased pressure to demonstrate value-add capabilities. Improving portfolio companies requires attention to the country’s unique corporate landscape
“When we initially started investing, promoters were reluctant to allow the GPs to have much input into their businesses,” says Alagappan Murugappan. “So apart from providing some small value-add...
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.