Indian private equity managers expect further industry consolidation as the survivors from the last wave refine their approaches to investment, including the slow crawl towards more control deals.
Gaja Capital has entrenched itself in the Indian private equity firmament by focusing on domestic mid-market businesses often overlooked by those looking to write larger checks
LPs told the AVCJ India Virtual Forum that Indian private equity firms may struggle to raise capital from international investors if they don't make progress on environment, social and governance (ESG) issues.
Indian jewelry retailer Kalyan Jewellers, which counts Warburg Pincus among its investors, is looking to raise INR17.5 billion ($235.7 million) through a domestic IPO.
Mela Ventures, an Indian venture capital firm launched by the co-founders of IT outsourcing player Mindtree, has achieved a first close of INR1.3 billion ($17.5 million) for its debut fund.
UK-based development finance institution CDC Group has committed $10 million to the fourth fund being raised by India’s Chiratae Ventures.
Indian logistics platform FarEye has received additional funding of $13 million from The Fundamentum Partnership and a fund managed by South Korea’s KB Investment.
B Capital has led a $15 million Series B round for Yalochat, a US-headquartered messaging-focused customer relations management platform, with plans to help it introduce its solutions to emerging markets in Asia.
India’s venture capital industry is entering a new decade with a growing pool of local early-stage managers, a wider variety of funding sources, and a host of new risks and opportunities
A consortium of investors led by Baring Private Equity Asia will invest INR15.6 billion ($209 million) for a 19.55% stake in listed Indian lender RBL Bank.
Indian space technology start-up Pixxel, which plans to launch micro-satellites to support an Earth imaging software platform, has raised a $5 million seed round featuring Lightspeed India Partners.
SPi Global, a Philippines-based enterprise technology provider controlled by Partners Group, has paid an undisclosed sum for a majority stake in Indian education technology company LearningMate.
Historically a neutral power, India appears to be siding with the US in a multi-faceted war with China. This could have far-reaching consequences for VC investors and the technology ecosystem
Reliance Retail Ventures (RRVL), a company associated with Jio Platforms, has acquired Indian VC-backed drug marketplace Netmeds.
Lightspeed Venture Partners has closed its third India-focused fund at $275 million targeting early-stage consumer and enterprise technology start-ups.
Lumikai, an Indian venture capital firm, has launched a fund targeting local gaming and interactive entertainment start-ups. The size of the fund was not disclosed.
Indian short video apps Chingari, Mitron and Trell have all received venture capital backing as they look to slowly fill a void left by the suspension of ByteDance-owned TikTok’s operations in the country.
Anchanto, a Singapore-headquartered technology provider that helps with e-commerce enablement, raised S$16.6 million ($12 million) in a Series C round.
India-focused WestBridge Capital has invested INR5.5 billion ($75 million) in budget airline operator IndiGo.
Taronga Ventures, the venture arm of Australian real estate investment firm Taronga Group, has set up Asia Pacific headquarters in Singapore.
Ashish Gupta (pictured), a co-founder of Helion Ventures, has joined Indian VC firm Prime Venture Partners as a partner emeritus. He will remain based in the US.
Early-stage innovators across the region are leveraging both enterprise and consumer-facing models to address sustainability challenges with one eye on rapid commercialization
Rocketship, a US-based data science-focused venture capital firm that has backed a number of Indian start-ups, has closed its second global fund at $100 million with a strong focus on Asia.
MyGlamm, an online Indian cosmetics brand, has agreed to acquire POPxo, a women-focused content platform, for an undisclosed sum. Both companies have several VC backers.