India
LP interview: India’s Catamaran
Catamaran brings a global, tech-savvy approach to private equity that sets it apart from most Indian family offices. A strong historical focus on digital inclusion is now extending into manufacturing
TPG, Temasek add $80 to India's Dr Agarwal's
TPG Growth and Temasek Holdings are funding a USD 80m expansion drive for existing investee Dr Agarwal’s Eye Hospital that will see the Indian eyecare chain double its footprint to 300 hospitals.
Singapore's Jungle absorbs healthcare specialist HealthXCapital
Singapore’s Jungle Ventures has ramped up its healthcare investment capacity by combining with local sector specialist HealthXCapital (HXC).
IFC to back India's Wellspring Healthcare
The International Finance Corporation (IFC) is set to invest USD 11m in India’s Wellspring Healthcare, which operates 17 primary care clinics in Mumbai and Pune.
Japan's Mixi launches $50m India VC fund
Japanese social media company Mixi has set up a USD 50m corporate venture capital fund targeting Indian start-ups.
India SaaS debt collection start-up Credgenics raises $50m
Credgenics, operator of an India-focused software-as-a-service (SaaS) platform specialising in debt collection and resolution, has raised USD 50m in Series B funding at a valuation of USD 340m.
Carlyle backs Quest Global, Bain, Advent exit
The Carlyle Group has agreed to acquire a significant minority stake in Singapore-based engineering services company Quest Global, facilitating exits for Bain Capital and Advent International.
India's Elev8 hits $67m first close on maiden fund
India’s Elev8 Venture Partners has reached a first close of USD 67m on its debut growth-stage venture fund with Korea’s KB Investment as the anchor LP. The target is USD 200m.
India skills training player Disprz raises $30m Series C
Indian enterprise learning and upskilling start-up Disprz has raised a USD 30m Series C round featuring US-based Lumos Capital, a specialist in the education and workforce segments.
India's Pi Ventures closes second fund with $85m
India’s Pi Ventures, an artificial intelligence (AI) and deep tech specialist, has closed its second fund with INR 7bn (USD 85m) in commitments.
KKR buys India pallet pooling business
KKR has paid an undisclosed sum for a majority stake in Leap India, a supply chain services provider focused on cost reduction through pallet pooling. It sets up exits for several PE investors.
CVC hires India partner from Apollo
CVC Capital Partners has recruited Nikhil Gahrotra, an India-based partner at Apollo Global Management, to its private equity team.
FMO invests $24m in Suminter India Organics
Netherlands-based development finance institution FMO has agreed to invest USD 24.3m in Suminter India Organics, a company that helps farmers grow and process organic foods with ethical practices.
India edtech: Class dismissed
With investment all but evaporated and its champion in a tailspin of bad press, India’s massive online K-12 education space is in an awkward limbo. It’s a welcome correction though
RTP leads $17m round for India internet provider
RTP Global has led a USD 17m round for India’s Wiom, a home internet provider for middle and lower-middle-income customers.
BPEA EQT buys India fertility clinic business
BPEA EQT has agreed to acquire a controlling stake in Indira IVF, India’s largest fertility clinic chain, facilitating an exit for minority investor TA Associates.
India's Together seeks $150m for second VC fund
India’s Together Fund, an early-stage VC firm focused on artificial intelligence (AI) and software-as-a-service (SaaS), has reached a first close of undisclosed size on its second fund. The target is $150m.
TDK backs India smart factory start-up
TDK Ventures has invested an undisclosed sum in India’s Infinite Uptime in an apparent extension of a Series B round that has raised more than USD 24m to date.
Deal focus: Exfinity seizes rare India robotics opportunity
India’s Exfinity Ventures stepped out of its comfort zone with Ati Motors. Now it’s helping the industrial robotics supplier go global with autonomous forklift-style machines that can roll in and out of buildings
Bain acquires India's Adani Capital
Bain Capital has agreed to acquire 90% of Indian non-bank financial companies (NBFCs) Adani Capital and Adani Housing in a deal worth at least USD 170m.
Mirae Asset PE arm seeks $200m for Fund II
Maps Capital, a private equity investment arm of Mirae Asset Financial Group, has launched its second US dollar-denominated fund with a target of USD 200m.
Creature comforts: Why PE likes pet care
Private equity investors have long championed the resilient characteristics of pet care globally. The pandemic helped solidify a similar value proposition in Asia
Sujoy Bose exits leadership role of India's NIIF
Sujoy Bose has left India’s National Investment & Infrastructure Fund (NIIF), having served as CEO of the organisation since its inception in 2016.