The Carlyle Group and State Bank of India (SBI) have agreed to buy SBI Card, India’s second-largest credit card franchise, from GE Capital – the latest in a string of private equity transactions in Asia arising from General Electric’s decision to...
IDG Ventures India and Jungle Ventures have jointly invested $4 million in a Series A funding round for Indian financial services company Vayana Network.
Indian rooftop solar panel company CleanMax Solar is looking to expand its geographic footprint and operational range on the back of a fresh commitment of $100 million from Warburg Pincus. The Middle East and energy storage will be initial focus areas
A number of political factors have positioned Asia Pacific to be a global leader in internet-of-things development. Investors must now navigate an unwieldy field of technologies, markets and social drivers
Everstone Capital’s purchase of Hindustan Unilever’s bakery business was its first corporate carve-out. It is now ready to introduce India to the new and improved Modern Foods
Creador has paid INR2.75 billion ($42 million) for a minority stake in Paras Healthcare, which manages a chain of five hospitals in northern India.
KKR has agreed to invest approximately $200 million for a 49% stake in India-based Radiant Life Care with a view to helping the specialty hospital operator expand its network of facilities nationwide.
Keeping up with the pace of change in Asian private equity – particularly in terms of people moves – is one of the biggest challenges for institutional investors based outside of the region.
Warburg Pincus has committed $100 million to CleanMax Solar, an Indian rooftop solar panel company backed by the International Finance Corporation (IFC) and Bessemer Venture Partners.
Indian payments technology service Innoviti Embedded Solutions has raised a INR1.2 billion ($18.6 million) funding round led by SBI-FMO Fund.
Verlinvest has led a INR900 million ($14 million) Series B funding round for India-based Drums Food International, the parent company of the Epigamia yogurt brand.
Kalaari Capital and Nexus Venture Partners have committed $8.5 million in Series A funding to Indian online grocery marketplace Jumbotail.
Indian footwear retailer Khadim India has filed for an IPO that will provide a full exit for its PE backer Fairwinds Private Equity.
Indian used-car trading marketplace Droom has raised a $20 million Series C round from investors including Lightbox India Advisors and Beenos Asia.
Sanjeev Aggarwal (pictured), a co-founder of Indian VC firm Helion Venture Partners, has joined Infosys co-founder Nandan Nilekani to launch a new VC fund focused on technology start-ups.
Premji Invest, the family office of Wipro chairman Azim Premji, has invested INR7 billion ($109 million) in Aditya Birla Capital (ABCL), the financial services arm of the Aditya Birla Group.
Secondary investors are seeing more deal flow in the venture capital space as GPs seek to generate returns on assets that are taking longer than expected to go IPO. Valuations remain a sticking point
The Blackstone Group has exited its entire stake in Jagran Media Network, the holding company of Indian newspaper publisher and media platform Jagran Prakashan.
Prataap Snacks, an India-based snacks maker backed by Sequoia Capital, has refiled for an IPO following a change in its shareholding structure.
Verlinvest has built strong consumer sector presence in Asia through PE fund commitments and direct deals. Nicholas Cator, an executive director at the family office, says the latter are more important than the former
Zombie companies present a special challenge for VC investors, whose exit goals may not match the aims of the founders. Successful GPs will try to ensure a positive experience for all parties
Sequoia Capital India has led an $18 million Series C funding round for Mumbai-based payment security system company OneAssist.
Dedicated Asia secondaries investor NewQuest Capital Partners has opened an office in Mumbai, its third in the region. The firm has invested $200 million in India over the last two years and expects its investment pace to increase in the near term.
IDG Capital has completed a secondary deal worth nearly $600 million, selling down LP positions in at least seven funds managed by affiliates in India and Vietnam as well as by the GP itself in China. These holdings were acquired as part of the purchase...