Indian venture capital firm Lok Capital has led a $3.5 million Series A round for Ummeed Housing Finance, a Delhi-based low-income property finance company.
Duane Park, an Indian trading firm, also participated in the round; Lok's Vishal Mehta and Duane Park's Anurag Bhargava will join Ummeed's board. The company will use the new capital to support its expansion...
Team turnover remains a key concern for LPs making commitments to Chinese private equity firms, but even the most stable of GPs must demonstrate an ability to evolve in response to a fast-changing environment, investors caution.
Redpoint China Ventures has closed its debut renminbi-denominated VC fund at RMB700 million ($110 million).
India’s National Investment & Infrastructure Fund has acquired a controlling stake in PE-backed logistics player Continental Warehousing Corporation (CWCNSL) in a joint deal with Dubai-based port operator DP World.
HarbourVest Partners has closed its latest fund-of-funds targeting European and Asian markets with $1.7 billion in commitments.