India
India's Pi Ventures reaches $25m second close on AI fund
Indian early-stage investor Pi Ventures has announced a second close of $25 million on its debut artificial intelligence (AI)-focused fund.
KKR joins $1.75b investment in India's HDFC
KKR has joined a group of investors including Singapore’s GIC Private and the Ontario Municipal Employees Retirement System (OMERS) to commit INR111 billion ($1.75 billion) to listed Indian financial institution HDFC.
India's PE-backed Capital First to merge with IDFC Bank
Capital First, an India-listed non-banking financial company (NBFC) backed by Warburg Pincus and GIC Private, has agreed to merge with IDFC Bank.
India removes limits on foreign investment in retail
India has broadened its regulations on foreign direct investment (FDI), permitting unconditional 100% FDI in sectors including single-brand retail trading (SBRT).
MSPEA backs Indian medical devices, health foods businesses
Morgan Stanley Private Equity Asia (MSPEA) has completed two investments in India, committing INR1.6 billion ($25.1 million) to medical devices business Sahajanand Medical Technologies (SMT) and INR1.52 billion to health foods producer Southern Health...
VCs invest $13m in Indian payroll services player
Niyo Solutions, an Indian financial technology company specialized in payroll services, has raised a $13.2 million Series A round from a group of VC firms, including Hong Kong’s Horizons Ventures.
KKR media platform buys India cartoon studio
Emerald Media, a pan-Asian media and entertainment platform backed by KKR, has acquired a majority stake in Cosmos-Maya, an animation studio based in Singapore and India.
CDC completes exit from India's Ujjivan
UK-based development finance institution CDC Group has fully exited Ujjivan Financial Services, the listed holding company for Ujjivan Small Finance Bank, realizing more than INR4 billion ($63.4 million) since it began trimming its stake last year.
Accel, Elevar in $24m round for Indian NBFC
Indian non-banking financial services company (NBFC) Samunnati has raised an INR1.5 billion ($23.5 million) funding round from investors including Accel Partners and Elevar Equity.
4Q analysis: Riding the wave
Chinese companies return in strength to US bourses as investors leverage public market highs; Australia a bright spot as Asia fundraising slows; 2017 sets new record for PE investment on back of big buyouts, tech deals
IFC-backed Bandhan files for India IPO
Bandhan Bank, the commercial banking subsidiary of India’s Bandhan Financial Services (BFSL), has filed for an IPO that will provide a partial exit for the International Finance Corporation (IFC).
OrbiMed re-ups in India's Vivimed Labs
OrbiMed has invested a further $7.5 million in the active pharmaceutical ingredient (API) unit of India-listed drug maker Vivimed Labs.
Carlyle sells Japan's AvanStrate to Vedanta Resources
Vedanta Resources, a metals and mining company founded in India and now headquartered in London, has agreed to assume control of Japanese LCD glass manufacturer AvanStrate from The Carlyle Group.
AVCJ Awards 2017: Exit of the Year - IPO: Au Small Finance Bank
India’s small finance bank reforms allowed Au Financiers to tackle an entirely new business opportunity, ultimately leading to a successful IPO for the company’s private equity backers
Warburg Pincus invests in India's CAMS
Warburg Pincus has invested in Indian financial services provider Computer Age Management Services (CAMS).
Carlyle growth fund buys India BPO player
The Carlyle Group has acquired Indian healthcare business process outsourcing (BPO) provider Visionary RCM Infotech through its latest Asia growth fund, Carlyle Asia Growth Partners V (CAGP V).
Deal focus: The flair apparent
Gaja Capital’s investment in Chumbak Design aims to leverage an emerging sub-trend in India’s growing consumer space where style-conscious millennials are making their mark
AVCJ Awards: Fundraising of the Year - Mid Cap: Kedaara Capital
Having proved an ability to return capital to LPs from its debut fund, Kedaara Capital took just three months to hit the hard cap on its second India vehicle
TPG Growth closes fourth fund at $3.7b
TPG Capital has closed its fourth global middle market and growth equity fund at the hard cap of $3.7 billion after four months in the market.
L Catterton invests in Indian restaurant operator
L Catterton Asia, the regional arm of consumer-focused GP L Catterton, has invested in Indian restaurant operator Impresario Entertainment and Hospitality.
The crystal ball: Predictions for 2018
From China to Australia and secondaries to venture debt, industry participants share their perspectives on the year to come for fundraising, investments and exits
US, India-based MindTickle raises $27m Series B
US and India-based training and networking platform operator MindTickle has raised $27 million in Series B funding led by Canaan Partners.
Accel leads $10m round for India's HomeLane
Accel Partners has led a $10 million Series C round for Indian interior design start-up HomeLane.
India's Teabox closes $7m Series B
Teabox, an online delivery service for fresh Indian tea, has closed a $7 million Series B funding round led by RB Investments.