India
India's Iron Pillar leads $30m round for logistics SaaS company
Iron Pillar and Uncorrelated Ventures have co-led a USD 30m investment in Pando, a US-headquartered logistics software-as-a-service (SaaS) provider with an India-based development team.
India's Ace Turtle raises $34m Series B
India’s Ace Turtle, an omnichannel platform used by lifestyle and fashion retailers such as Wrangler and Toys R Us, has raised USD 34m in Series B funding featuring Singapore’s Vertex Ventures.
KKR invests $250m in India's Serentica Renewables
KKR has agreed to invest an additional USD 250m in India’s Serentica Renewables, a clean energy provider focused on energy-intensive commercial and industrial segments.
Khazanah commits $40m to India's Xpressbees
Malaysia sovereign wealth fund Khazanah Nasional has invested USD 40m in India-based logistics start-up Xpressbees through the acquisition of shares from one of the company’s early backers.
India-ASEAN GPs rethink Asia growth – AVCJ Forum
Developing Asia is set for a new chapter of greater opportunities and challenges in the wake of the pandemic-related investment boom, the AVCJ Southeast Asia Forum heard.
India's 3one4 adds partner
India’s 3one4 Capital has promoted Nruthya Madappa, head of the VC firm’s growth and capital development team, from director to partner. It brings the total number of partners to four.
Capria hits first close on emerging markets fund
Capria Ventures, a US-based impact investor with a significant India presence, has reached a first close of unspecified size on its latest emerging markets fund. The target is USD 100m.
Put a bow on it: India draws funds to GIFT City
India has created an onshore jurisdiction with offshore characteristics to lure country funds currently domiciled in Singapore and Mauritius. Does GIFT City have staying power?
L'Oreal commits to DSG's latest India, Southeast Asia fund
DSG Consumer Partners, an early-stage consumer sector investor in India and Southeast Asia, has signed up French cosmetics giant L’Oreal as an LP in its fourth fund.
US, India cybersecurity player gets $50m Series B
US and India-based cyber risk management software-as-a-service platform Safe Security has closed a USD 50m Series B round led by Sorenson Capital.
1Q analysis: Barely disguised weakness
Government guidance funds in China and Toshiba Corporation in Japan papered over obvious cracks in Asia private equity fundraising and investment. Nothing could hide the pain around exits
Asia fundraising: To the grindstone
As macro uncertainties add red tape to fundraising processes and oblige some managers to operate on a deal-by-deal basis, the improvisational, survivalist nature of Asian private equity is on display
Kotak halts India fund-of-funds
Kotak Investment Advisors (KIAL) has halted fundraising for its latest fund-of-funds, citing the challenging investment environment.
India's Paragon raises $86m for Fund II
Indian middle market private equity firm Paragon Partners has closed its second fund on INR 7bn (USD 85.7m). It raised USD 120m in the previous vintage.
Temasek increases holding in India's Manipal Health
Temasek Holdings is set to become the majority shareholder in Indian hospital operator Manipal Health Enterprises, having agreed to acquire an additional 41% stake in the company. The transaction facilitates an exit for TPG Capital, but the PE firm will...
Fund focus: Iron Pillar takes India SaaS to the world
Iron Pillar has secured USD 129m for what it claims is the first India venture-growth fund dedicated to supporting local companies with global software and cloud infrastructure solutions
Prosus, Accel back India SaaS procurement platform
Prosus Ventures and Accel have led a USD 11m Series A round for Spendflo, an India-founded software-as-a-service (SaaS) procurement management platform now headquartered in the US.
Indian NBFC Avanti Finance raises $24m
Avanti Finance, an Indian technology-led non-banking finance company (NBFC) has received USD 24m in equity funding from Rabo Partnerships and IDH Farmfit Fund, with re-ups from Oikocredit and NRJN Trust.
BP, Morgan Stanley back India EV charging station provider
BP Ventures and Morgan Stanley Infrastructure have made a USD 22m equity investment in Magenta Mobility, an Indian electric vehicle (EV) charging station provider.
Deal focus: Goldman secures $1bn exit from India’s ReNew
Goldman Sachs has clocked a healthy return from ReNew Energy Global after helping the company diversify its offering and navigate the regulatory pitfalls of India’s renewables space
Kotak reaches first close on second India special situations fund
Kotak Investment Advisors has reached a first close of USD 1.25bn on its second India-focused special situations fund against an overall target of USD 1.6bn.