Indian mid-market PE firm Ambit Pragma has invested in Prime Focus Technology (PFT), a subsidiary of Indian media services company Prime Focus.
Indian investors feel that despite recent problems with yieldcos on the global market, the model still holds promise for the country’s renewable energy sector
Sequoia India and US-based Sands Capital Ventures have led a $27.4 million Series B round of funding for Mitra Biotech, an India and US-based company that focuses on personalized cancer therapies.
Bessemer Venture Partners has led a INR1 billion ($14.9 million) funding round for Indian online home design portal LivSpace.
Net1, a NASDAQ-listed payment services provider with a presence in South Africa and Korea, has committed $40 million to Mobikwik, an Indian mobile wallet start-up that has received several rounds of VC funding.
Indian private equity firm Paragon Partners has led a INR1.1 billion ($16.5 million) investment in domestic engineering components supplier Maini Precision Products (MMPL).
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought a toll road asset from IL&FS Transportation Networks for INR1.4 billion ($20.9 million).
SeaLink Capital Partners and the International Finance Corporation have committed a INR 1 billion ($14.9 million) Series C round to India-based dialysis clinic chain NephroPlus.
Ford Motor Company has led a $24 million Series B round of funding for India-based car rental start-up Zoomcar, alongside existing investors Sequoia Capital, Nokia Growth Partners (NGP) and Empire Angels.
Indian conglomerate Piramal Enterprises has partnered with Bain Capital Credit to invest in distressed assets and restructuring situations in India.
The International Finance Corporation (IFC), the investment arm of the World Bank, will invest up to $125 million in Hero Future Energies (HFE), a renewable energy platform based in India.
Indian pharmaceutical products developer Laurus Labs has filed for a domestic IPO, offering a partial exit for backers Warburg Pincus and Eight Roads Ventures.
Indian recruitment companies Kelly Services India and Temp Holdings have launched a INR670 million ($10 million) venture capital fund focused on human resources-focused start-ups.
Indian biopharmaceutical company Vyome Biosciences has raised a $14 million Series C funding round led by US investors Perceptive Advisors and Romulus Capital.
TPG Capital has appointed Sanghoon Lee, formerly a managing director with Morgan Stanley Private Equity Asia (MSPEA), as a partner to lead the firm’s investments in South Korea.
WestBridge Capital Partners has invested INR77 million ($11 million) in Indian tableware retailer La Opala.
Brand Capital, an investment arm of The Times Group, has invested INR1.3 billion ($19 million) in Indian online classifieds services provider Quikr.
Goldman Sachs and South Korean mid-market focused PE firm EastBridge Partners have agreed to buy a majority stake in Korean cookware and kitchen appliances maker Happycall.
Singapore's Temasek Holdings has exited its stakes in Bharti Airtel and Intouch, telecommunications service providers based in India and Thailand respectively, to Singapore Telecommunications (SingTel) for a total of S$2.5 billion ($1.8 billion).
TA Associates has contributed to a $140 million round for Indian women’s apparel retailer TCNS Clothing.
Scale Ventures, a recently launched Indian venture capital firm, has acquired the portfolio of seed-stage investor Guerrilla Ventures.
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
Well-established in developed and some developing markets, venture philanthropy is still only taking hold in much of Asia. PE firms are figuring out whether they should participate and in what way
Chinese internet giant Tencent Holdings and manufacturer Foxconn Technology Group have led a $175 million funding round for Indian mobile messaging app Hike.