Stellaris Venture Partners, a Indian venture capital firm that spun out from Helion Venture Partners, has reached a first close of $50 million on its debut fund. The full target is $100 million.
Indian non-banking financial company (NBFC) Au Financiers has filed for an IPO, providing partial exits for its PE backers including Warburg Pincus, ChrysCapital, Kedaara Capital and the International Finance Corporation (IFC).
A mutual fund managed by US-based Vanguard Group has cut the value of its shares in Indian ride-hailing app Ola by 41%, joining several other US mutual funds in marking down Indian tech unicorns.
Jacob Ballas and New York Life Investment Management (NYLIM) will invest in CentrumDirect, the foreign exchange business of India-listed financial services company Centrum Capital.
India’s new Union Budget includes several measures intended to provide much-needed clarity related to tax burdens for investors in Indian companies including private equity funds.
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $20 million in IDG Ventures’ third India-focused fund.
T.K. Kurien, the vice-chairman of Indian IT services company Wipro Group, has been named managing partner and chief investment officer at Premji Invest, the family office of Wipro chairman Azim Premji (pictured).
Indian early-stage VC firm Endiya has reached a final close of INR1.75 billion ($25.7 million) on its debut fund.
India-based impact investment firm Aavishkaar-Intellecap Group has raised $25 million from Triodos Investment Management and the Shell Foundation.
A mutual fund managed by Fidelity has cut the valuation of its shares in India e-commerce giant Flipkart – which faces a concerted challenge from Amazon – by 36.1%, falling in line with a Morgan Stanley valuation issued last December.
GPs are finding India’s packaged food and beverage sector increasingly attractive, but only companies with the right mindset are likely to thrive under private equity partnership
Indian enterprise web solutions provider NowFloats has raised $10 million in Series B funding from a group of investors including IIFL and Iron Pillar.
US private equity firm Creation Investments has committed about INR1.3 billion ($19 million) for an 11% stake in Indian microfinance services provider Muthoot Microfin.
CapitalG, the investment arm of Google parent company Alphabet, formerly known as Google Capital, has led a $15 million Series B round for Indian math learning start-up Cuemath.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $10 million investment in Indian logistics company Zinka Logistics Solutions.
Apax Partners has completed its exit from Indian non-banking finance company (NBFC) Cholamandalam Investment & Finance.
IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group, plans to continue its strategy of building platforms with its fourth fund.
Saama Capital has closed its third India venture capital fund at $57 million, above the target of $50 million.
Valuations remain a key obstacle to securing secondary transactions in Asia, even as a generation of funds becomes a year older and still struggles to generate liquidity, but the market is also growing in complexity due to the nature of the assets on...
Chinese conglomerate Fosun International has entered a strategic partnership with Iron Pillar, an India-based VC firm focused on mid-stage technology companies, to make co-investments in India.
Warburg Pincus has invested INR8.2 billion ($120 million) for a 14% stake in Indian listed film and retail entertainment company PVR, providing a partial exit for Multiples Alternative Asset Management.
India Value Fund Advisors (IVFA) has changed its name to True North (Managers) and formalized its sector specialist strategy.
Neev Fund, an investment vehicle sponsored by the State Bank of India (SBI), has led a $10 million Series D round for Milk Mantra Dairy.