Articles by Suhas Bhat
India’s Inflexor seeks $100m for debut fund
Inflexor Ventures, a recently established venture capital firm, is looking to raise $100 million for its debut fund, which will focus on early-stage deals.
GGV leads $24m round for India's Vedantu
Indian online tutoring service Vedantu raised $24 million in an extended Series C round led by GGV Capital. It is the latest example of the primarily China-focused manager's push into India.
KKR raises $1.3b for global impact fund
KKR has closed its debut global impact investment fund with $1.3 billion in commitments. It will back companies that provide commercial solutions to environmental or social challenges, based on criteria set out in the UN sustainable development goals...
Deal focus: Brookfield lends a helping hand
Brookfield Asset Management chose IndoStar Capital Finance as its way into India’s private lending space, putting faith in the non-banking finance company’s ability to diversify its business streams
Deal focus: Booktopia prepares for build-out
What was just a side business has become a successful one.
Eight Roads invests in Indian mobile marketing platform
MoEngage, an India and US-focused business that helps corporate clients improve mobile engagement with consumers, has received $25 million in Series C funding led by Eight Roads.
Kedaara invests $28m in Indian health insurer
Indian private equity firm Kedaara Capital invested INR2 billion ($28 million) to acquire a minority stake in the healthcare insurance unit of Religare Enterprises.
General Atlantic re-ups in India’s Byju’s
General Atlantic has made another investment in India-based online learning provider Byju’s.
India’s Lightbox invests in agritech player
Indian agritech startup WayCool Foods raised $32 million in a Series C funding round led by Lightbox Ventures.
India ups disclosure requirements for local funds
India-domiciled PE and VC funds must follow a standardized format for fundraising documentation and submit performance data for verification and benchmarking purposes, under new rules issued by local regulators.
IFU leads $23m Series B for Indian agrilogistics firm
Leap India Food Logistics (LIFL), an Indian agricultural warehousing and logistics firm, received INR1.64 billion ($23 million) in a Series B round led by the Investment Fund for Developing Countries (IFU), a Danish development finance institution.
India AIFs: A new phase
Locally domiciled Alternative Investment Funds have emerged as the structure of choice for India-focused private equity firms, but the system is still troubled by some imperfections
India’s Ascent invests in women’s pharma producer
Indian private equity firm Ascent Capital has invested INR1.25 billion ($17.5 million) in Naari Pharma, a women's health pharmaceutical business focused on hormonal generics.
MSPEA backs Indian affordable housing financier
Morgan Stanley Private Equity Asia (MSPEA) has invested INR1.9 billion ($26.6 million) in Centrum Housing Finance (CHF), an Indian non-banking financial company (NBFC) that offers loans for affordable housing projects.
Brookfield buys into Everstone’s India NBFC
Brookfield Asset Management has offered to buy up to 40% of IndoStar Capital, an Indian non-banking financial company (NBFC) established by Everstone Group, for INR14.5 billion ($202 million).
RTP Global, Sequoia lead Series B for India’s MoneyTap
Indian app-based lending start-up MoneyTap has raised $70 million in a Series B round led by Aquiline Technology Growth (ATG), RTP Global, and Sequoia India.
India's JSW Ventures seeks $50m for second fund
A corporate venture capital unit of India's JSW Steel is looking to raise INR3.5 billion ($50 million) for its second fund, with a first close scheduled within a fortnight.
India’s Bizongo gets $30 million Series C
Indian B2B packaging marketplace Bizongo raised $30 million in a Series C round led by Schroder Adveq.
Tiger Global, Steadview lead Series B for LogiNext
India-focused route optimisation software firm LogiNext raised $39 million in a Series B round led by Tiger Global Management and Steadview Capital.
Accel, B Capital ride Series D for India's Bounce
Indian scooter rental platform Bounce has raised $105 million in a Series D round led by Accel Partners and B Capital Group.
Temasek, EQT back India renewable energy platform
Singapore’s Temasek Holdings and Sweden’s EQT will commit $500 million to the launch and development of O2 Power, a renewable energy platform in India.
Sony Innovation Fund leads Series D for India’s Zoomcar
Indian self-driving rental platform Zoomcar has raised $30 million in Series D funding with a contribution from a Sony-branded fund managed by Innovation Growth Ventures.
True North buys another unit from India's Glenmark
Mumbai-based Glenmark Pharmaceuticals has agreed to sell its gynecology operations in India and Nepal to a True North portfolio company for $16.2 million.
Zomato acquires India business of Uber Eats
Uber’s foray into food delivery in India has come to an end with the sale of the business to local peer Zomato through an all-stock deal.