CX Partners and Capital Square Partners have agreed to exit India and US-based business process outsourcing (BPO) firm The Minacs Group to US-based BPO provider Synnex.
IDFC Bank, a division of Indian infrastructure lender IDFC, has agreed to buy non-banking finance company (NBFC) Grama Vidiyal Micro Finance, providing an exit for its VC backers.
Indian automobile component manufacturer Endurance Technologies has filed for an IPO, providing an exit for its investor Actis.
IIFL Asset Management and Accion Frontier Inclusion Fund have led a funding round of an undisclosed amount in Indian small retailer-focused fintech start-up NeoGrowth.
Farallon Capital Management has closed its third special situations fund focused on Asia and Latin America at $1.1 billion.
PNB Housing Finance, the mortgage lender subsidiary of India's state-run Punjap National Bank that is backed by The Carlyle Group, has filed for a INR25 billion ($370 million) IPO.
US venture capital firm Stripes Group has led an INR5.5 billion ($81.4 million) funding round for India’s Bigtree Entertainment, the company behind cinema and events ticketing site BookMyShow.
Tata Capital currently manages five private equity funds across different strategies. Pramod Ahuja, a partner responsible for the firm’s $240 million growth vehicle, discusses the opportunity set
IL&FS Investment Managers (IIML), the private equity arm of India's Infrastructure Leasing & Financial Services, is raising a $500 million fund to invest in domestic road and energy projects.
Mandala Capital, a South-Asia focused PE firm that invests in the agricultural sector, has paid $10 million for a 51% stake in Indian testing laboratory EFRAC.
Brand Capital has invested INR1.5 billion ($22.2 million) in Indian app-based taxi service provider Meru Cab.
Vishal Bakshi, a managing director at Goldman Sachs in India, has left the firm to found his own private equity firm Avatar Growth Capital Partners.
Morgan Stanley Private Equity Asia (MSPEA) has invested INR1.14 billion ($16.9 million) in Five Star Business Finance, an India-based non-banking finance company (NBFC) that specializes in small ticket business and housing loans.
Bertelsmann India Investments has led a $32 million Series B round for Indian finance platform Lendingkart.
Waterbridge Ventures, an India-based VC firm founded by angel investor Manish Kheterpal, has reached a first close of $5 million on its fund targeting early and seed-stage investments.
Indian hospital chain Aster DM Healthcare has filed for an IPO, seeking to raise at least INR6.1 billion ($89 million) and providing partial exits for its PE backers Olympus Capital Asia and India Value Fund Advisors (IVFA).
Indian logistics management software developer FarEye has raised a $3.5 million Series A round from SAIF Partners.
Varun Beverages, a major drinks manufacturer and bottler for PepsiCo in South Asia backed by several PE investors, has filed for an IPO.
Creador has exited the remainder of its stake in India-based non-banking finance company Cholamandalam Investment and Finance (CIF) for INR2.2 billion ($32.5 million).
Direct secondaries specialist NewQuest Capital Partners has reached a final close of its third fund at the hard cap of $540 million, increasing it from the original hard cap of $520 million in order to accommodate investor demand.
India's government will allow unlimited foreign direct investment (FDI) in a wide range of sectors, including online grocery.
India's Central Board of Direct Taxes (CBDT) has implemented an exemption on income taxes for investments in some start-ups.
SAIF Partners has led a $12 million Series A round for Indian online tax filing website ClearTax.
Indian personalized fashion portal Voonik has raised a $20 million Series B round of funding led by existing investor Sequoia Capital.