India
IFC leads $24m Series B for India's Onsurity
The International Finance Corporation (IFC) has led a USD 24m Series B round for Indian employee healthcare insurance start-up Onsurity.
Fund focus: DSG buoyed by brand awareness
Demonstrated success in building consumer brands, India’s attractive macro story, and LPs looking to diversify their exposure within Asia are seen as key factors in DSG Consumers Partners’ fundraise
India's Mensa Brands secures $40m in debt, equity funding
Mensa Brands, an India-based platform that agglomerates emerging consumer brands, has received USD 40m in funding from EvolutionX Debt Capital structured as a debt facility and a convertible investment.
ADIA re-ups in India's Reliance Retail
Abu Dhabi Investment Authority (ADIA) has agreed to invest INR 49.7m (USD 597m) in India’s Reliance Retail within two months of USD 1.25m worth of investments from KKR and Qatar Investment Authority (QIA).
TR Capital opens second India office
Secondaries investor TR Capital has established a second base in India – and sixth region-wide – with the opening of an office in New Delhi.
India EV infrastructure player raises $20m
Indian electric vehicle (EV) charging infrastructure developer Bolt.Earth has raised USD 20m from a mix of investors including US-based Union Square Ventures.
India's True North commits $75m to iLink Digital
True North has agreed to pay USD 75m for a minority stake in iLink Digital, a digital transformation service provider founded in the US by two Indian entrepreneurs.
KKR opens second India office
KKR is expanding its operations in India, opening a second office in India in Gurugram, a financial and technology hub near New Delhi. A Mumbai office was established in 2009.
Deal focus: GPs change channel on content streaming
The Fundamentum Group sees mass-market promise in Indian digital audio platform Kuku FM. It’s targeting a 50% market share by focusing on uniquely local content in vernacular languages
Brookfield launches $845m India renewables platform
Brookfield Asset Management has launched its second India renewable energy platform in three months, committing USD 845m alongside Axis Energy to the latest venture.
True North agrees $326m India health insurance exit
True North has agreed to sell about 20% of its stake in Indian insurance company Niva Bupa to its UK-based joint venture partner, Bupa, for approximately INR 27bn (USD 326m).
Vertex leads $20m round for India D2C beauty player
Vertex Ventures Southeast Asia and India (VVSEAI), an affiliate of Temasek Holdings-owned Vertex Holdings, has led a USD 20m Series B round for Indian D2C beauty and personal care brand Pilgrim.
Deal focus: Riding the wave in India single-speciality hospitals
TPG Capital’s Asia Healthcare Holdings has tapped a rich vein for private equity in acquiring India’s only nephrology and urology hospital. Technological leadership will support expansion
Trifecta closes third India venture debt fund on $214m
Trifecta Capital has closed its third India venture debt fund with about INR 17.8bn (USD 214) in commitments. The initial target was INR 10bn with a greenshoe option of INR 5bn.
Indian regulator approves Blackstone's purchase of Care Hospitals
The Blackstone Group’s proposed acquisition of India-based hospital chain Care Hospitals from TPG’s The Rise Fund has won approval from the national competition regulator.
India livestreaming platform Eloelo raises $22m
US investors Courtside Ventures and Griffin Gaming Partners have led a USD 22m pre-Series B round for Indian social gaming and livestreaming platform Eloelo.
Peak XV, Elevation, Andreessen back India visa platform
Peak XV Partners, formerly Sequoia Capital India, and Elevation Capital have led a USD 12m Series A round for Indian visa platform Atlys with support from Andreessen Horowitz.
India's Unitus combines with US affiliate Capria
India-based impact investor Unitus Ventures has combined with its US affiliate Capria Ventures, with the unified entity to operate globally under the Capria name.
TPG healthcare platform acquires India hospital chain
Asia Healthcare Holdings (AHH), a platform backed by TPG Capital and GIC, has acquired a majority stake in India’s Asian Institute of Nephrology and Urology (AINU) for about USD 72.2m.
India's Kuku FM gets $24m Series C
Indian audio content platform Kuku FM has raised USD 24m in Series C funding led by local growth-stage investor The Fundamentum Partnership and the International Finance Corporation (IFC).
Fund focus: Vertex emphasizes realisations
Growth rounds for cashflow positive companies have facilitated most of Vertex Ventures Southeast Asia and India’s exits – and laid the ground for its recent USD 541m fundraise