Oyo Rooms, an India-based budget hotel booking app backed by SoftBank Corp. and other VCs, has acquired industry rival Zo Rooms, which counts Tiger Global Management as an investor.
Wipro Ventures, the strategic investment arm of Indian technology company Wipro Group, has led a $4 million Series A round for internet development platform provider Altizon Systems.
India’s government has made promising signals about its willingness to engage the venture capital community. GPs are optimistic, but reservations remain about the details
David Liu and Ming Lu, who head up KKR’s private equity operations in Asia, discuss dislocation in China and its neighboring markets, engineering cross-border deal flow, and how GPs can differentiate themselves
ADV Partners has invested $45 million in Indian hospital chain Dr. Agarwal's Healthcare, providing an exit for existing backer Evolvence Capital.
Sequoia Capital has closed its latest India fund – which has a minority allocation to Southeast Asia – at $920 million, comprising an $875 million institutional corpus and a GP commitment of $45 million.
Financial technology investor Apis Partners has committed $25 million to India-based ATM provider Electronic Payments & Services, with more available to support bolt-on acquisitions
In addition to an advisory business that targets large-scale LPs, Hamilton Lane has a discretionary portfolio geared towards the middle market. It expects Asian GPs in this space to adapt to changing dynamics
Olympus Capital Asia Credit and CX Partners' India mezzanine fund have led a INR4 billion ($59 million) round for Indian management service provider Nspira.
Jungle Ventures, Blume Ventures, Konly Venture and Taurus Value Creation have led a $7.2 million round for India-based retail technology developer SnapBizz.
Qubole, a big data firm based in India and the US, has raised a $30 million Series C round led by Institutional Venture Partners (IVP).
Apis Partners has invested $25 million in Indian payments service provider Electronic Payments and Services (EPS).
A panel appointed by the Securities and Exchange Board of India (SEBI) has recommended tax law changes and regulatory reforms to ease fundraising for PE and VC funds.
SoftBank has invested INR1 billion ($14.7 million) in Indian property listing platform Housing.com.
Two principals at SAIF Partners, Mukul Singhal and Rohit Jain, have left the company to start an early-stage venture capital fund of their own.
The Abraaj Group buys India's CARE Hospitals from Advent International with a view to taking the business into new markets
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
KKR has agreed to sell its stake in India's Dalmia Cement Bharat (DCBL) for INR6 billion ($89 million) to the parent company Dalmia Bharat (DBL), and to invest INR6.2 billion in DBL itself.
ChrysCapital has reached a first close of nearly $350 million on its seventh India fund. The vehicle, which launched last September, has an overall target of $600 million and a hard cap of $650 million.
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
The Carlyle Group has promoted Neeraj Bharadwaj, a Mumbai-based member of the firm’s Asia buyout team, to partner.
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
The Abraaj Group has agreed to buy CARE Hospitals, India's fifth-largest healthcare provider from Advent International.