Technological progress and changing consumer habits are bringing long-overdue change to India’s overworked healthcare system. Taking advantage will mean mastering the unique challenges of the market
India’s Kotak Mahindra Group has closed a commitment of INR16 billion ($237 million) from institutional investors for equity investments in realty projects.
India-focused GP Everstone Capital has hired Avnish Mehra, former India country director at Advent International, as a managing director for its private equity business.
Indian e-commerce platform KartRocket has raised $2 million, adding to the company's Series B round announced in January.
G.S.K. Velu, a former promoter of medical diagnostic chain Metropolis Healthcare, has launched a $100 million venture capital fund.
Accel Partners has led a $3 million Series A round for Indian business-to-business (B2B) online marketplace Ninjacart.
Access Asset Managers has taken a controlling interest in Indian wireless telecom consultancy Teleysia Networks.
GE Capital will sell its India commercial lending and leasing businesses to a consortium led by AION Capital Partners.
Pfingsten Partners, a US-based GP with a presence in China and India that reflects its manufacturing-focused remit, has closed its fifth middle-market fund at $382 million, exceeding the target of $350 million.
Facebook co-founder Eduardo Saverin has led a $13 million Series C round of funding for a technological expansion of Hopscotch, an online retailer of baby and children’s products targeting Indian mothers.
Canada Pension Plan Investment Board (CPPIB) has invested INR11.5 billion ($170 million) in India's Kotak Mahindra Bank, picking up a stake held by Japan's Sumitomo Mitsui Banking Corporation.
India's newest Union Budget will provide incentives to the country's entrepreneurs and a mixed bag of measures for the investment industry.
California Public Employees' Retirement System (CalPERS) has sold a stake in India’s Axis Bank worth about INR8.7 billion ($127 million) to Genesis Indian Investment Company.
BanyanTree Finance has invested INR600 million ($9 million) in New Delhi-based farming pesticides and agrochemicals manufacturer Safex Chemicals.
Indian business-to-business (B2B) e-commerce platform OfBusiness has raised a $5 million Series A round led by Matrix Partners India.
Accel Partners has led a INR400 million ($5.8 million) Series A round for Indian mobile payments start-up Juspay.
IDG Ventures has launched its third India-focused fund, with a target of $200 million.
IDFC Alternatives will buy a controlling stake in a Bangalore toll road from NCC Infrastructure Holdings - which is backed by The Blackstone Group - and Soma Enterprise at an enterprise value of INR7.5 billion ($109 million).
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $25 million to Indian online eyewear retailer Lenskart.
IvyCap Ventures has led a INR280 million ($4.5 million) Series A round for Indian home services start-up Taskbob.
Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Orix Corp, and Robeco Institutional Asset Management, has invested in India-based cold chain provider ColdEX Logistics.
Tracxn, an India-based start-up data analytics platform backed by SAIF Partners, has launched an online platform to help angel investors find exit opportunities from start-ups.
Bain Capital, GIC, and Advent International have bought a minority stake in Indian engineering services outsourcing firm Quest Global for $350 million, providing an exit for Warburg Pincus.