India
Uber leads $20m round for India’s Everest Fleet
Uber has led a USD 20m round for India’s Everest Fleet, an existing VC-backed partner in the local taxi management service space that is transitioning into electric vehicles.
ChrysCapital invests $100m in India's Lenskart
ChrysCapital Partners has invested USD 100m in India’s Lenskart, bringing the eyewear retailer’s pre-IPO funding since the start of last year to USD 850m.
Peak XV secures $76m exit from India's Go Fashion
Sequoia Capital India marked achieving full independence and rebranding as Peak XV Partners with a INR 6.2bn (USD 72.1m) exit from women’s clothing retailer Go Fashion.
Proparco makes $35m LP commitment to Quadria healthcare fund – update
French development finance institution (DFI) Proparco has made a USD 35m fund commitment to Singapore’s Quadria Capital, a healthcare-focused GP active across South and Southeast Asia.
GP profile: 500 Global
500 Global’s emergence as a preeminent seed investor in Southeast Asia has played out against the backdrop of a broader transformation from US accelerator into international multi-stage venture capital firm
Start-up banking: Filling an SVB-shaped hole
Silicon Valley Bank was arguably the only institution globally to comprehensively service the unique banking needs of start-ups. In its absence, a mix of players are rising to the challenge
ICG joins $250m round for Amp Energy India
Intermediate Capital Group (ICG) has joined a USD 250m investment in Amp Energy India, a renewable power platform serving various industrial and utility segments.
India's Lok seeks $200m for Fund IV, gets AIIB support
Indian impact investor Lok Capital has secured USD 25m from Asian Infrastructure Investment Bank (AIIB) for its fourth private equity fund. The target is USD 200m.
Bain buys Indian industrial chemicals business
Bain Capital has acquired India’s Porus Labs, a manufacturer of agricultural and speciality chemicals, including pharmaceutical industry ingredients.
PAG invests $200m in India's RK Pharma
PAG has invested USD 200m in RK Pharma, a US-headquartered generic drug maker with significant operations in India.
India’s HealthifyMe raises $30m
LeapFrog Investments and Khosla Ventures have led a USD 30m pre-Series D round for India-based mobile health and fitness app HealthifyMe.
NewQuest, GIC back Everbridge's South Asia continuation fund
NewQuest Capital Partners and GIC have supported a USD 267m continuation fund for Capital Group Private Markets spinout Everbridge Partners, two years after a larger deal involving some of the same assets failed to close amid portfolio volatility.
Nuvama leads $53m round for India's Course5
India’s Nuvama Asset Management, formerly Edelweiss Wealth Management, has led a USD 53m investment in local data analytics start-up Course5 Intelligence.
Sequoia shifts to independent partnerships, separate brands
Sequoia Capital’s China and India-Southeast Asia VC operations will be renamed HongShan and Peak XV Partners, respectively, as they formally separate from the US entity and become independent partnerships.
Deal focus: Atomberg basks in consumer breakthrough
Home appliances manufacturer Atomberg defied the naysayers in building a hardware-focused consumer brand out of India. Its USD 86m Series C will support product and capacity expansion
Q&A: Jafco Asia’s Shahan Sud
Singapore’s Jafco Asia, a division of Japanese VC mainstay Jafco, hired Shahan Sud last year as its first in-country investment director for India. He explains a cross-border bridge long in the making
India satellite imaging player Pixxel gets $36m Series B
Google is one of several new investors in a USD 36m Series B round for Pixxel, an India-based satellite imaging provider targeting climate change use cases. The company has now raised USD 71m in private funding to date.
India home rentals platform NestAway acquired by strategic player
Aurum PropTech, a listed Indian property technology provider, has acquired NestAway, a home rentals platform that previously received several rounds of private funding, for INR 900m (USD 11m).
Singapore’s Capillary Technologies gets $45m Series D
India-founded and Singapore-headquartered retail industry software-as-a-service (SaaS) provider Capillary Technologies has raised a USD 45m Series D round featuring India’s Avaatar Ventures.
Deal focus: Chalo thinks beyond the bus stop
India bus-tracking app Chalo is helping fleet operators eliminate fraud and improve efficiency while giving passengers greater visibility on services. It is keen to scale – geographically and vertically
Asia private credit: Muffled momentum
The conservative virtues of private credit relative to private equity have come into fashion in a risk-off world. But global participation in the Asian side of the story will be limited
Square Peg leads round for India payments start-up
Australia’s Square Peg Capital has led a USD 10.2m pre-Series A round for India-based payments technology provider XFlow.
India home appliance manufacturer Atomberg raises $86m
Steadview Capital and Singapore’s Temasek Holdings have led a USD 86m funding round for Atomberg Technologies, an India-based home appliances manufacturer best known for its electric motor fans.