India
Deal focus: Creador scores as India pharma heats up
Creador's $34 million investment in packaging supplier Shriji Polymers represents an indirect bet on India's growing pharmaceutical industry. Product development and capacity expansion are priorities
Indian edtech player Eruditus gets $113m Series D
Eruditus, an Indian education technology provider focused on working professionals, has raised a $113 million Series D round featuring Sequoia Capital India.
Creador invests $34m in India's Shriji Polymers
Creador has invested INR2.5 billion ($34 million) in Shriji Polymers India, a manufacturer of plastic pharmaceuticals packaging, taking a significant minority stake and providing an exit for Tata Capital.
Indian GPs tip more PE industry consolidation - AVCJ Forum
Indian private equity managers expect further industry consolidation as the survivors from the last wave refine their approaches to investment, including the slow crawl towards more control deals.
PAG buys majority stake in Indian wealth manager
PAG has invested approximately $300 million for a 51% stake in the wealth management business of Indian financial services players Edelweiss Group. The goal is to demerge and list the unit within 18 months.
GP Profile: Gaja Capital
Gaja Capital has entrenched itself in the Indian private equity firmament by focusing on domestic mid-market businesses often overlooked by those looking to write larger checks
LPs warn of adverse ESG impact in India - AVCJ Forum
LPs told the AVCJ India Virtual Forum that Indian private equity firms may struggle to raise capital from international investors if they don't make progress on environment, social and governance (ESG) issues.
PE-backed Kalyan Jewellers files for $235m IPO
Indian jewelry retailer Kalyan Jewellers, which counts Warburg Pincus among its investors, is looking to raise INR17.5 billion ($235.7 million) through a domestic IPO.
India's Mela Ventures reaches $17.5m first close
Mela Ventures, an Indian venture capital firm launched by the co-founders of IT outsourcing player Mindtree, has achieved a first close of INR1.3 billion ($17.5 million) for its debut fund.
CDC commits $10m to India’s Chiratae
UK-based development finance institution CDC Group has committed $10 million to the fourth fund being raised by India’s Chiratae Ventures.
India's FarEye gets additional $13m for Series D
Indian logistics platform FarEye has received additional funding of $13 million from The Fundamentum Partnership and a fund managed by South Korea’s KB Investment.
Q&A: ChrysCapital Partners' Sanjay Kukreja
Sanjay Kukreja, managing partner at India-focused ChrysCapital Partners, discusses timing, healthcare, technology, and why it makes sense to back entrepreneurs you’ve backed before
B Capital to support Yalochat's Asia expansion
B Capital has led a $15 million Series B round for Yalochat, a US-headquartered messaging-focused customer relations management platform, with plans to help it introduce its solutions to emerging markets in Asia.
India venture capital: Local largesse
India’s venture capital industry is entering a new decade with a growing pool of local early-stage managers, a wider variety of funding sources, and a host of new risks and opportunities
Baring Asia leads $209m round for India’s RBL Bank
A consortium of investors led by Baring Private Equity Asia will invest INR15.6 billion ($209 million) for a 19.55% stake in listed Indian lender RBL Bank.
India space tech start-up Pixxel raises seed funding
Indian space technology start-up Pixxel, which plans to launch micro-satellites to support an Earth imaging software platform, has raised a $5 million seed round featuring Lightspeed India Partners.
Partners Group-backed SPi completes India edtech bolt-on
SPi Global, a Philippines-based enterprise technology provider controlled by Partners Group, has paid an undisclosed sum for a majority stake in Indian education technology company LearningMate.
India middle-market: Looking for positives
Private equity activity is gradually resuming as India’s economy emerges from lockdown, but investors are wary of paying too much for assets or putting their money behind unsustainable trends
India fundraising: Speed matters
Kedaara Capital's fundraise is expected to move quickly by Indian private equity standards, but the GP will need to answer the same questions as its peers on timing and re-ups
India pharma: The pills are popping
India’s pharmaceuticals industry is thriving on the macro ills of the day. Private equity is well placed to benefit, but the opportunity set is no secret
India-China-US: Byte back
Historically a neutral power, India appears to be siding with the US in a multi-faceted war with China. This could have far-reaching consequences for VC investors and the technology ecosystem
Reliance unit acquires India's Netmeds
Reliance Retail Ventures (RRVL), a company associated with Jio Platforms, has acquired Indian VC-backed drug marketplace Netmeds.
Lightspeed closes third India fund at $275m
Lightspeed Venture Partners has closed its third India-focused fund at $275 million targeting early-stage consumer and enterprise technology start-ups.
India’s Lumikai launches gaming VC fund
Lumikai, an Indian venture capital firm, has launched a fund targeting local gaming and interactive entertainment start-ups. The size of the fund was not disclosed.