India
Deal focus: KaiOS looks beyond the iPhone
Hong Kong-based KaiOS Technologies has secured a $50 million Series B round for an expansion plan targeting what could be the mobile telecommunication industry’s most underserved segment
Flipkart's Bansal leads $51m round for India EV player
Sachin Bansal, co-founder of Indian e-commerce giant Flipkart, has led a $51 million investment in local electric vehicle (EV) manufacturer Ather Energy.
Deal focus: TPG vindicates India healthcare strategy
TPG Growth has stayed the course with a long-term plan based on confidence in a freshly assembled team at Indian cancer care provider CTSI. This has translated into a healthy exit
Creador invests $18m in India's iValue
Creador has acquired a minority stake in iValue InfoSolutions, an India-based provider of cybersecurity services, for INR1.25 billion ($18 million).
India used car marketplace raises $13m Series A
SAIF Partners and Accel Partners have led a $13.2 million Series A round for Indian online used car marketplace Spinny, with participation by existing investors Blume Ventures and Simile Ventures.
Deal focus: Grofers returns to growth with Series F
Grofers is emerging from a rough patch in its mission to leverage India’s online grocery boom with an overhauled business model and a $200 million Series F round led by SoftBank Vision Fund
Endiya reaches $40m first close of second India VC fund
Endiya Partners, an early-stage VC investor based in India, has achieved a first close of $40 million for its second fund. The target is $70 million.
TPG to exit India cancer business for $283m
Asia Healthcare Holdings (AHH), an India-focused healthcare platform owned by TPG Growth, has agreed to sell cancer hospital chain Cancer Treatment Services International (CTSI) to US-based radiology player Varian Medical Systems for $283 million.
Everstone hires former Wipro co-head for IT investments
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
ADV to buy heavy vehicles unit from India's Tata
ADV Partners has agreed to acquire heavy vehicles producer Dutch Lanka Trailer Manufacturers (DLT), a Sri Lanka-based subsidiary of Indian conglomerate Tata Group, for INR3.05 billion ($43.7 million).
GIC, Tata to invest $573m in India hotels
Singapore’s GIC Private has partnered with the Indian Hotels Company (IHCL), a hospitality unit of India’s Tata Group, for an Indian hotel platform that will invest INR40 billion ($573 million) over the next three years.
Vertex raises $230m for India, Southeast Asia fund
Vertex Venture Holdings (VVH), the VC arm of Singapore’s Temasek Holdings, has reached the initial $230 million target for its fourth Southeast Asia and India fund in a single closing.
GA, Värde cancel planned investment in India's PNB
General Atlantic and Värde Partners have terminated a planned INR18.5 billion ($267 million) investment in PNB Housing Finance, the publicly listed mortgage subsidiary of India’s Punjab National Bank (PNB).
SoftBank leads $200m round for India's Grofers
Indian online grocer Grofers has raised more than $200 million in a Series F funding round led by SoftBank Vision Fund.
Matrix exits India eye care chain
Matrix Partners India has made a full exit from Centre for Sight, operator of a chain of eye clinics in India, to Mahindra Partners after a holding period of nearly 10 years.
CDC anchors Global Environment Fund spin-out
UK development finance institution CDC Group has anchored a $130 million first close for a fund managed by a South Asian spin-out of US-based Global Environmental Fund Capital Advisors.
Japan's Gree rebrands as Strive, launches $137m fund
Japan’s Gree Ventures has rebranded as Strive and launched its third fund with a view to raising JPY15 billion ($137 million) for internet company investments across Japan, Southeast Asia, and India.
Asia's middle market: Lost in space
Growing fund sizes in certain Asian markets are redefining what constitutes a middle-market GP. Are these managers evolving alongside the opportunity set or careering dangerously outside of their sweet spot?
India's Kinara raises $14m funding round
Indian non-banking finance company (NBFC) Kinara Capital has raised INR1 billion ($14.3 million) from a group of investors including Gaja Capital, Gawa Capital, the Michael and Susan Dell Foundation, and US-based VC firm Patamar Capital (formerly Unitus...
LeapFrog raises $700m for third impact fund
LeapFrog Investments has raised $700 million for its third fund with a view to investing in healthcare and financial services companies in emerging Asia and Africa. It initially targeted a corpus of $600 million.
Deal focus: BlackBuck in it for the long haul
India's Blackbuck has gained traction with a digital platform that connects truckers with shippers. Achieving greater scale means convincing veteran fleet owners that the model can work for them
Emerging Asia healthcare: Pilot programs
Buy-and-build strategies, a mainstay of the PE toolkit in developed markets, are gaining exposure in emerging Asia’s healthcare sector. Proving a viable exit path will be the key to widespread adoption
Accel, Kalaari, Chiratae invest in India's CureFit
Indian health and fitness start-up CureFit has raised $75 million from a group of investors including Accel Partners, Kalaari Capital, and Chiratae Ventures.
Lighthouse closes third India fund at $230m
Lighthouse Funds has closed its third India-focused middle-market growth capital vehicle at $230 million.