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Suhas Bhat

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Articles by Suhas Bhat

Korean investors contribute $43m to India's Swiggy
Korean investors contribute $43m to India's Swiggy

Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets joined a $43 million funding round for Indian food and grocery delivery platform Swiggy.

  • South Asia
  • 07 April 2020
Indian TPG-backed cosmetics player Nykaa gets $13m
Indian TPG-backed cosmetics player Nykaa gets $13m

Nykaa, an online retailer of cosmetic and fashion products in India, has raised INR1 billion ($13 million) in a funding round led by Steadview Capital.

  • South Asia
  • 06 April 2020
Deal focus: A digital protector for the cloud era
Deal focus: A digital protector for the cloud era

Inspired by the Korean word for tiger and how it symbolizes protection, cybersecurity start-up Horangi wants to ensure Southeast Asia’s growing pack of digital cubs are well-guarded

  • Southeast Asia
  • 06 April 2020
Blackstone increases stake in India's Mphasis
Blackstone increases stake in India's Mphasis

The Blackstone Group has purchased shares worth INR51.7 billion ($67.9 million) to increase its stake in Indian IT services provider Mphasis by 4.01% to 56.21%.

  • South Asia
  • 03 April 2020
LeapFrog leads $55m round for India's MedGenome
LeapFrog leads $55m round for India's MedGenome

MedGenome, an India-focused provider of genetic testing solutions, has raised $55 million in a funding round led by LeapFrog Investments.

  • Expansion
  • 02 April 2020
Openspace co-leads $17m round for Indonesia's TaniHub
Openspace co-leads $17m round for Indonesia's TaniHub

TaniHub, an online marketplace for farm products in Indonesia, has raised more than $17 million in a funding round led by Openspace Ventures and Intudo Ventures.

  • Southeast Asia
  • 02 April 2020
Indian fintech Juspay raises $21m Series B
Indian fintech Juspay raises $21m Series B

Juspay, a developer of mobile payment solutions for online businesses, has raised $21.6 million in a Series B round led by Vostok Emerging Finance, a Swedish investment firm.

  • South Asia
  • 01 April 2020
Unicorn India Ventures reaches first close on second fund

Unicorn India Ventures, a Mumbai-headquartered seed investor, has achieved a first close of INR900 million ($11.9 million) on its second venture capital fund.

  • South Asia
  • 31 March 2020
Amatil X invests in Indonesia's Kargo Technologies
Amatil X invests in Indonesia's Kargo Technologies

Amatil X Indonesia, the venture arm of Coca-Cola's joint venture in Indonesia, has invested in Indonesian logistics start-up Kargo Technologies. The size of the commitment was not disclosed.

  • Southeast Asia
  • 30 March 2020
Deal focus: Carlyle's SBI Cards bet pays out
Deal focus: Carlyle's SBI Cards bet pays out

The Carlyle Group achieved an 8x return through a partial exit via SBI Cards’ IPO. The private equity firm still holds a 16% stake and is a resolute believer in the growth potential of India’s credit card market

  • South Asia
  • 27 March 2020
Deal focus: Vivriti aims to bring debt online
Deal focus: Vivriti aims to bring debt online

India's private debt markets lack coordination and standardization. Vivriti Capital hopes to fix this by bringing issuance online. LGT Lightstone Aspada has provided $50 million in support of this effort

  • South Asia
  • 27 March 2020
TA Associates backs tech enablement start-up
TA Associates backs tech enablement start-up

Accion Labs, a US-headquartered start-up with Asian operations that helps companies implement emerging technologies, has received a strategic growth investment by TA Associates.

  • Expansion
  • 27 March 2020
Provident Growth leads $20m round for Singapore's Horangi
Provident Growth leads $20m round for Singapore's Horangi

Horangi, a Singaporean cybersecurity specialist, raised $20 million in a Series B round led by Provident Growth, a Southeast Asia-focused private equity firm in Hong Kong.

  • Southeast Asia
  • 26 March 2020
Avaana Capital co-founder takes over reins at India's Coverfox

Sanjib Kumar Jha, co-founder of private equity firm Avaana Capital, has been appointed CEO of struggling Indian online insurance marketplace Coverfox.

  • South Asia
  • 25 March 2020
KKR-backed IndiGrid acquires transmission asset for $134m
KKR-backed IndiGrid acquires transmission asset for $134m

India Grid Trust (IndiGrid), an infrastructure investment trust backed by KKR and GIC Private, has acquired a power distribution company in northeast India for INR10.2 billion ($134 million).

  • South Asia
  • 25 March 2020
Fund focus: Quona doubles down on financial inclusion
Fund focus: Quona doubles down on financial inclusion

Financial technology player Quona's $203 million second fund is expected to feature more early-stage rounds, more 'adjacency' plays in previously inaccessible segments, and more start-ups outside of India and Indonesia

  • Fundraising
  • 25 March 2020
Norwest leads Series E for Indian NBFC Veritas Finance
Norwest leads Series E for Indian NBFC Veritas Finance

Norwest Venture Partners has led a INR3.5 billion ($46 million) Series E round for Veritas Finance, an Indian non-banking finance company (NBFC) that issues loans to micro, small and medium-sized enterprises (MSMEs).

  • South Asia
  • 23 March 2020
India allows weighted voting rights in domestic IPOs

Founders, promoters and private equity investors in Indian companies will be able to pursue domestic IPOs with superior voting rights following amendments to existing regulations.

  • South Asia
  • 23 March 2020
India's IL&FS PE unit loses CEO
India's IL&FS PE unit loses CEO

IL&FS Investment Managers (IIML), the private equity arm of India’s Infrastructure Leasing & Financial Services (IL&FS), has announced the departure of CEO Krishna Kumar Gangadharan.

  • South Asia
  • 23 March 2020
India's Oyo closes Series F round at $1.5b
India's Oyo closes Series F round at $1.5b

Indian hotel platform Oyo has concluded a $1.5 billion Series F round by raising $807 million from RA Hospitality Holdings, an entity controlled by founder and CEO Ritesh Agarwal, and SoftBank Vision Fund.

  • South Asia
  • 20 March 2020
Deal focus: Spinny aims to be more than a marketplace
Deal focus: Spinny aims to be more than a marketplace

Spinny - alongside industry peer Truebil - has taken the used car sales model that works for Carvana in the US and applied it to India. Combining online reach with offline legitimacy is the key

  • South Asia
  • 19 March 2020
Lightstone leads $50m Series B for Indian debt marketplace
Lightstone leads $50m Series B for Indian debt marketplace

LGT Lightstone Aspada has led a $50 million Series B round for Vivriti Capital, which operates CredAvenue, an Indian platform that helps companies raise debt.

  • Financials
  • 19 March 2020
Carlyle secures partial exit from India's SBI Cards
Carlyle secures partial exit from India's SBI Cards

The Carlyle Group has generated proceeds of approximately INR70.3 billion ($951 million) through a partial exit from SBI Cards & Payments, the State Bank of India's (SBI) credit card issuing arm, through a recent IPO.

  • South Asia
  • 18 March 2020
Binance launches $50m Indian blockchain fund
Binance launches $50m Indian blockchain fund

Binance, a cryptocurrency exchange reportedly based in Malta, has launched a $50 million fund that will invest in “projects and start-ups” in India that will use blockchain technology.

  • South Asia
  • 18 March 2020
789
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