Articles by Suhas Bhat
Indian GPs tip more PE industry consolidation - AVCJ Forum
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.
GP Profile: Gaja Capital
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 warn of adverse ESG impact in India - AVCJ Forum
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.
PE-backed Kalyan Jewellers files for $235m IPO
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.
India's Mela Ventures reaches $17.5m first close
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.
CDC commits $10m to India’s Chiratae
UK-based development finance institution CDC Group has committed $10 million to the fourth fund being raised by India’s Chiratae Ventures.
India's FarEye gets additional $13m for Series D
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 to support Yalochat's Asia expansion
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 venture capital: Local largesse
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
Baring Asia leads $209m round for India’s RBL Bank
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.
India space tech start-up Pixxel raises seed funding
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.
Partners Group-backed SPi completes India edtech bolt-on
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.
India-China-US: Byte back
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 unit acquires India's Netmeds
Reliance Retail Ventures (RRVL), a company associated with Jio Platforms, has acquired Indian VC-backed drug marketplace Netmeds.
Lightspeed closes third India fund at $275m
Lightspeed Venture Partners has closed its third India-focused fund at $275 million targeting early-stage consumer and enterprise technology start-ups.
India’s Lumikai launches gaming VC fund
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.
Trio of Indian short video apps raises funding
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.
Singapore's Anchanto raises $12m funding round
Anchanto, a Singapore-headquartered technology provider that helps with e-commerce enablement, raised S$16.6 million ($12 million) in a Series C round.
WestBridge invests $75m in India’s IndiGo
India-focused WestBridge Capital has invested INR5.5 billion ($75 million) in budget airline operator IndiGo.
Australia's Taronga Ventures launches in Singapore
Taronga Ventures, the venture arm of Australian real estate investment firm Taronga Group, has set up Asia Pacific headquarters in Singapore.
India’s Prime Venture names Helion co-founder as partner
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.
Start-up profiles: Sustainability agendas
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 targets Asia with second global VC fund
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.
India cosmetics brand MyGlamm acquires content platform
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.