US-based software developer Ebix has agreed to buy a majority stake in Indian financial technology firm ItzCash, providing an exit for its VC backers including Lightspeed Venture, Matrix Partners and Intel Capital.
Acko General Insurance, an Indian online insurance broker, has raised $30 million from a group of investors including SAIF Partners and Accel Partners.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $40 million to the second India-focused fund of Kedaara Capital.
Jayaram Banan, the founder of Indian restaurant chain Sagar Ratna, has bought out India Equity Partners’ (IEP) majority stake in the company.
Cogencis’ market data terminals have made a strong showing in India against Bloomberg and Thomson Reuters. Now the Samara Capital-backed company is looking to repeat that success worldwide
Lok Capital has led a $5.6 million Series B round for Indian affordable housing finance company Ummeed Housing Finance.
Dixon Technologies, a contract electronics manufacturer based in India, has filed for an IPO that will provide an exit to Motilal Oswal Private Equity (MOPE).
Jungle Ventures has led a $5.3 million Series A round for Indian online credit platform PaySense.
SoftBank Group has invested in One97 Communications, the parent company of Indian online payments and e-commerce platform Paytm.
Warburg Pincus has sold a 25% stake in India-listed non-banking financial company (NBFC) Capital First to a group of buyers including Singapore sovereign wealth fund GIC Private.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering an investment of up to $75 million in Indian hospital chain Max Healthcare.
Canada Pension Plan Investment Board (CPPIB) has committed $500 million to IndoSpace Core, a joint venture focused on acquiring and developing logistics facilities in India.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $100 million investment in India-listed non-banking financial company (NBFC) Mahindra & Mahindra Financial Services (MMFSL).
Indian financial technology platform EarlySalary has raised a $4 million funding round from IDG Ventures and Dewan Housing Finance (DHFL).
The International Finance Corporation (IFC), the investment arm of the World Bank, will exit its entire stake in Indian hospital chain Max Healthcare for INR4.2 billion ($65.6 million).
Proterra Investment Partners has more than doubled its money on Dodla Dairy following a four-year holding period in which the company boosted production of quality milk to meet growing demand from Indian consumers
SoftBank has marked down the value of part of its investment portfolio, including holdings in India-based online marketplace Snapdeal and ride-hailing app Ola, bringing its total losses in the companies so far to JPY160 billion ($1.4 billion).
The International Finance Corporation (IFC) is considering a $10 million commitment to the debut fund of Stellaris Venture Partners, a spin-out from Indian VC firm Helion Venture Partners.
Indian online matchmaking services provider Matrimony.com has filed for an IPO that will provide exits for VC investors Mayfield India and Bessemer Venture Partners.
The International Finance Corporation (IFC) is considering an investment of up to $40 million in debt in Aavas Financiers, a housing finance business that Partners Group and Kedaara Capital bought last year from non-banking financial company (NBFC) Au...
Indian venture capital firm Iron Pillar Capital Management has reached a first close of INR1.3 billion ($20 million) on its debut India fund.
Indian classifieds site Quikr has acquired Zimmber, a provider of household services backed by several VC investors.
Indian ride-hailing operator Ola has raised INR6.7 billion ($104 million) from Falcon Edge Capital and RNT Capital Advisors, a VC fund backed by Ratan Tata, chairman emeritus of the company that controls Tata Group.
TPG Capital’s growth investment arm has agreed to pay $50 million for a significant minority stake in Indian dairy firm Dodla Dairy. AVCJ understands the deal will provide a full exit for Proterra Investment Partners.