India
India's Axilor launches $30m seed fund
Indian early-stage investor and accelerator Axilor Ventures has launched a INR2 billion ($30 million) fund aimed at seed investments in Indian start-ups.
CapitalG leads $21.8m round for India's Aye Finance
CapitalG, the investment arm of Google's parent company Alphabet, has led a INR1.5 billion ($21.8 million) Series C round for Aye Finance, an Indian microfinance institution (MFI) focused on small businesses.
Everstone managing director Atul Phull departs
Atul Phull, a managing director at Everstone Group primarily responsible for fundraising, has left the India-focused GP after seven years.
Oman India fund invests $23m in Annapurna Microfinance
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the governments of India and Oman, has invested INR 1.6 billion ($23 million) in microlender Annapurna Microfinance (AMPL).
Temasek launches $300m India logistics platform
Temasek Holdings has joined Ascendas-Singbridge, its real estate-focused joint venture with state-owned development firm JTC Corporation, to launch a INR20 billion ($300 million) investment program for Indian logistics and industrial assets.
US PE firm acquires India's Shakedeal
US-based private equity firm Vora Ventures has acquired Indian B2B marketplace operator Shakedeal for an undisclosed amount.
Key person clauses: Man overboard
The complexity of a private equity firm’s key person clauses – and the number of people they encompass – says much about its institutionalization. The transition is not always easy, for GPs or LPs
GIC-backed Greenko raises $447m, plans acquisition
Greenko Energy, an Indian renewable energy producer owned by the Singapore sovereign wealth fund, GIC Private, has raised $447 million primarily from GIC and the Abu Dhabi Investment Authority (ADIA).
Warburg Pincus invests $106m in IndiaFirst Life
Warburg Pincus has agreed to acquire a 26% interest in IndiaFirst Life Insurance from UK-based Legal & General Group for INR7.1 billion ($106 million).
Goldman leads $31m round for India hospital
Goldman Sachs has led a $31 million Series A round for Indian cancer care provider Cytecare Hospitals as part of a global oncology investment strategy.
Warburg Pincus launches India BPM platform
Warburg Pincus has established an India-based platform for investment globally in business process management (BPM), an area of enterprise services focused on systems modelling and technical consulting.
Temasek, PayPal invest $125m in India’s Pine Labs
Temasek Holdings and PayPal have invested $125 million in Pine Labs, an Indian financial technology company backed by Actis Capital, Sequoia Capital India and Madison India Capital.
Actis to launch $220m India NBFC
Actis Capital has launched an Indian non-banking finance company (NBFC) in which it will invest up to $220 million over the next five years.
India's Fortis reopens bidding for hospital business
Indian healthcare service provider Fortis Healthcare (FHL) has reopened bidding for its hospital operation and invited offers from several potential investors, including TPG Capital-backed Manipal Hospital Enterprises (MHEPL).
India e-commerce: Turning a page
The acquisition of Flipkart by Walmart signals the beginning of a new chapter in India’s e-commerce story. Venture capital investors also hope it represents a model for more exits from technology start-ups
Amazon leads $12m round for India's VC-backed Acko
Amazon has led a $12 million funding round for Acko, an Indian online insurance broker that is backed by the likes of SAIF Partners and Accel Partners.
Tencent leads $50m round for India's NewsDog
China's Tencent Holdings has led a $50 million Series C round for NewsDog, an Indian vernacular language news app founded by Chinese entrepreneurs.
Apax exits remaining GlobalLogic stake to Partners Group
Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Kedaara, Partners Group to buy India's Vishal Mega Mart
Kedaara Capital and Partners Group have agreed to acquire Indian retailer Vishal Mega Mart for an undisclosed sum from TPG Capital.
Digital Garage, Toyota lead $30m round for India's Droom
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton to invest $125m in India's FLF - update
L Catterton Asia will purchase an approximately 10% stake in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF) for INR8.5 billion ($125 million) through newly issued shares and secondary purchases.
Indian incubator raises $12.5m for seed fund
Indian educational institution IIM Ahmedabad has raised $12.5 million for its on-campus start-up incubator and seed fund from investors including the Bill and Melinda Gates Foundation.
Blackstone makes $217m partial exit from India's Mphasis
The Blackstone Group has made a partial exit from Indian IT services provider Mphasis, selling an 8% stake in the publicly traded company for approximately INR14.8 billion ($217 million).
India's True North to buy stake in Federal Bank NBFC
True North has agreed to buy a 26% stake in Fedbank Financial Services (Fedfina), a non-banking financial company (NBFC) controlled by India’s Federal Bank.