India-listed financial services company Centrum has launched a INR5 billion ($75.3 million) private equity fund to focus on domestic consumer-focused industries.
PNB Housing Finance, the mortgage lender subsidiary of India's state-run Punjab National Bank that is backed by The Carlyle Group, closed up 11.35% on its trading debut following a INR30 billion ($449 million) IPO.
Warburg Pincus has invested $75 million for a minority stake in Indian trucking company Rivigo. The transaction marks the GP’s third logistics deal in the country in the past two years.
IDG Ventures has led a $3 million Series A round for Indian business-to-business packaging marketplace Bizongo, with participation by existing investor Accel Partners.
Blume Ventures plans a narrower approach with its second technology-focused fund
Sequoia Capital has led a $55 million Series F round of funding for India and US-based customer support platform provider Freshdesk.
Indian motorcycle giant Hero MotoCorp will invest about INR2 billion ($31 million) in domestic VC-backed electric vehicle (EV) start-up Ather Energy.
Sequoia Capital India has led a $6.3 million Series A round for Indian online financing marketplace KredX.
Ostro Energy, an Indian renewable energy platform backed by Actis Capital, has agreed to buy a solar power project owned by Suzlon Energy.
Eight Roads Ventures India sees considerable strengths in Eywa to tackle the lucrative US generic pharmaceuticals market
CDPQ's recently opened India office sees TVS Logistics as both a uniquely healthy company and a chance for an entry into a promising sector in India
Multiples Alternative Asset Management has agreed to invest INR7.4 billion ($110 million) in Arvind Fashions, the branded apparel distribution arm of listed Indian textile manufacturer Arvind.
Motilal Oswal Private Equity (MOPE) has invested INR1 billion ($15 million) in Indian packaged cereals producer Ganesh Grains.
Blume Ventures has reached a final close of $60 million on its second India early-stage fund.
NewQuest Capital Partners has joined a $21 million investment in construction firm Capacit’e Infraprojects and engineering components manufacturer Maini Precision Products, both of which are portfolio companies of India-based GP Paragon Partners.
US early-stage investor Mayfield and IIFL Wealth Management have invested INR500 million ($7.5 million) of Series B funding in Indian quick service restaurant (QSR) chain and food delivery start-up Box8.
The Everstone Group has bought a majority stake in Indian pharmaceutical developer Rubicon Research for INR2.2 billion ($32.9 million), providing an exit for Kotak Private Equity.
Indian technology investment firm and accelerator Techcelx has launched a INR1 billion ($15 million) venture fund targeting domestic companies in banking, education and healthcare.
Motilal Oswal Private Equity (MOPE) will invest up to INR1.1 billion ($16 million) in Indian frozen dessert maker Dairy Classic Ice Creams.
The Indian government has launched a INR600 million ($9 million) fund-of-funds to support domestic start-ups in rural and agriculture-focused industries.
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest more than INR10 billion ($155 million) in India-based third-party logistics provider TVS Logistics, facilitating an exit for KKR and Goldman Sachs.
Development has been inconsistent in Asia’s IPO markets, with frequent pacing issues and challenges unique to each region. But in the right hands, they can still be highly rewarding for PE investors
Eight Roads Ventures India and US-based F-Prime Capital - both of which are controlled by Fidelity - have joined a $30 million investment in Singapore and India-based drug manufacturer Eywa Pharma.