Macquarie Group and State Bank of India (SBI) are targeting $1-1.5 billion for their second India-focused infrastructure fund. Plans for the new vehicle come as the first fund, SBI Macquarie Infrastructure Trust, which closed in March at $1.2 billion, has only $500 million left in dry powder and more deals in the pipeline.
Macquarie and SBI want to be ready for launch in the next two months, but the deteriorating global economic environment may force a postponement until the first quarter of 2012, Reuters reported, citing...
Efficient Drivetrains produces powertrain systems suitable for electric vehicles and hybrids, leveraging automakers desire to meet emissions requirements without building costly in-house operations. H&A Asia Pacific is financing a wider geographic roll-out
Tink Labs, a Hong Kong-based start-up that provides hotel guests with free smart phones, has raised $125 million in a new round of funding led by existing investor FIH Mobile, a Hong Kong-listed unit of Taiwan’s Foxconn Technology Group.
Sequoia Capital has led a $51 million funding round for Indian cloud data security and information management solutions provider Druva.
Huasheng Capital, a private equity firm established by financial advisor China Renaissance, has led a Series C round of funding for Zmlearn.com, a Chinese K-12 online learning and teaching platform.