Singapore's Temasek Holdings has exited its stakes in Bharti Airtel and Intouch, telecommunications service providers based in India and Thailand respectively, to Singapore Telecommunications (SingTel) for a total of S$2.5 billion ($1.8 billion).
TA Associates has contributed to a $140 million round for Indian women’s apparel retailer TCNS Clothing.
Scale Ventures, a recently launched Indian venture capital firm, has acquired the portfolio of seed-stage investor Guerrilla Ventures.
The Indian government and an associated non-banking finance company (NBFC) have launched a INR1 billion ($15 million) venture fund to support start-ups in the country’s northeast.
Well-established in developed and some developing markets, venture philanthropy is still only taking hold in much of Asia. PE firms are figuring out whether they should participate and in what way
Chinese internet giant Tencent Holdings and manufacturer Foxconn Technology Group have led a $175 million funding round for Indian mobile messaging app Hike.
Indian budget hotel booking app Oyo has raised a INR4.1 billion ($62 million) funding round from existing investor SoftBank Group.
Oil and Natural Gas Corporation (ONGC), an energy sector supplier under the Indian government, has launched a INR1 billion ($15 million) venture fund to promote entrepreneurship in the struggling local fuel industry.
Indian micro-finance institution (MFI) and non-banking finance company (NBFC) Suryoday Micro Finance has raised INR1 billion ($15 million) in fresh capital, with Aavishkaar Goodwell fully exiting the company in a separate transaction.
Norwest Venture Partners has led a $15 million Series B round of funding for Zenoti, an India-founded and US-headquartered software provider for the spa and wellness industry.
ICICI Venture has exited nearly all of its remaining stake in Indian staffing services company TeamLease for INR1 billion ($15 million).
WestBridge Capital Partners has led a $15.6 million Series A round of funding for Innovaccer, a healthcare-focused IT outsourcing start-up with bases in Palo Alto and New Delhi.
US-based PE firm Creation Investments Capital Management and Spain's Gawa Capital have led a INR1.6 billion ($24 million) funding round for Indian financial institution Fusion Microfinance.
Gujarat Venture Finance (GVFL) and Bennet, Coleman & Co. (BCCL), owners of the Times of India, have led a $7 million Series B round for Indian online bus booking platform Travelyaari.
Singapore-based Capital Square Partners has acquired a majority stake in Indecomm Global Services, an Indian IT services provider.
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Oak Hill Capital Partners has reportedly exited its stake in the India branch of business process outsourcing (BPO) company Vertex Data Science to domestic mobile communications company Altruist.
Warburg Pincus has agreed to invest up to $125 million in an India-based supply chain services start-up founded by Anshuman Singh, who previously spent nine years as head of Future Supply Chain Solutions.
Mandala Capital, a South Asia-focused PE firm that invests in the agricultural sector, has reportedly reached a first close of about $140 million on its second fund.
Apollo Global Management and ICICI Bank have agreed to launch a joint venture for investments in distressed assets in India.
Sequoia Capital India has led an INR800 million ($12 million) Series E round of funding for Indian online health products vendor Healthkart.
US-based private equity firm The Chatterjee Group has agreed to pay about $48 million for a 90% stake in an Indian unit of Mitsubishi Chemical Corporation (MCC).
India's Green House Ventures (GHV) Accelerator will partner with Japan and US-based early-stage investor World Innovation Labs (WiL) to launch a INR3.5 billion ($52 million) fund for investments in Indian start-ups.
KKR will exit India-based Gland Pharma as Shanghai Fosun Pharmaceutical acquires a majority stake in the business for up to $1.26 billion. KKR’s share of the proceeds will be $576.3 million, more than twice what it invested in Gland in 2014.