Articles by Mirzaan Jamwal
Rocket Internet's Asian fashion startup raises $100 million
Zalora, a Hong Kong-based online fashion and beauty retailer owned by German VC firm Rocket Internet, has closed a $100 million round of financing from Investment AB Kinnevik, Verlinvest and return backers Summit Partners and Tengelmann Group - which...
Capital18 exits India's Webchutney, sees 3x return
Capital18, the venture capital arm of Indian media conglomerate Network18, has sold its 70% stake in Webchutney Studio to Dentsu Media and Holdings India (DMHI), a subsidiary of Japanese advertising company Dentsu, generating a 3x money multiple.
VC-backed Just Dial's IPO 11x subscribed
Indian search engine Just Dial’s IPO was subscribed 11.6 times when it closed on Wednesday. The company will raise INR8.2-9.5 billion ($148-171 million), depending on the final issue price.
SEAVI invests $17m in Indonesian port manager
SEAVI Advent Private Equity, the Asian arm of Advent International, has made a $17 million investment into Multicon Indrajaya Terminal, an Indonesian port depot manager.
BlackRock to acquire MGPA
Asset manager BlackRock is to expand its presence in Asia by buying real estate investor MGPA, which had $12 billion in assets under management as of March.
Sequoia leads $5m investment in Indian energy drink maker
Sequoia Capital, Catamaran Investment and FootPrint Ventures have put $8 million (INR 440 million) into Hector Beverages, owners of energy drink brand Tzinga.
Tata Capital to buy minority stakes in Tata Sky, infra assets
Tata Capital’s Tata Opportunities Fund (TOF) is in the process of buying minority stakes in direct-to-home (DTH) TV provider Tata Sky and TRIL Roads.
Nalanda Capital invests $4.8m in Indian bearings manufacturer
Singapore-based private equity firm Nalanda Capital has invested INR270 million ($4.8 million) in NRB Bearings. The Nalanda India Equity Fund bought 7.7 million shares of the company at INR35 apiece on the National Stock Exchange, for a 7.96% stake.
KKR to raise $365m structured credit fund – report
KKR is said to be targeting INR20 billion ($365 million) for an India debt fund that will invest in mezzanine and structured credit instruments. Its India Alternative Credit Opportunities Fund I was registered with the Securities and Exchange Board of...
Canaan, Mayfield invest $7m in Indiaproperty.com
Canaan Partners and Mayfield Fund have invested $7 million in Indian real estate website Indiaproperty.com. The capital was committed last year but came through after website promoter India Property Online de-merged from Matrimony.com (formerly Consim...
Time to switch over: India's television market
The digitization of the Indian TV industry should deliver a more transparent system and an effective subscription model. PE firms can help with the infrastructure investment required to get there.
Q&A: Intel Capital's Sudheer Kuppam
Sudheer Kuppam, managing director for India, Japan, Australasia and Southeast Asia at Intel Capital, outlines his plans to usher Asian consumers onto technology platforms by meeting local needs in local languages
Baring Asia invests $256m in Lafarge India
Baring Private Equity Asia will acquire a 14% stake in the Indian subsidiary of French building materials maker Lafarge, for INR14 billion ($256 million).
India's Just Dial IPO to raise up to $174m
Indian search engine Just Dial is on course to raise INR9.5 billion ($173.7 million) through its IPO later this month, allowing VC backers Sequoia Capital, SAIF Partners, Tiger Global, ECGS and SAP Ventures to make a partial exit.
Goldman invests $20m in Indian medical device manufacturer
Goldman Sachs’ private equity unit has committed INR1.1 billion ($20 million) to BPL Medical Technologies, a subsidiary of listed Indian consumer products manufacturer BPL. This is Goldman's third investment in the Indian healthcare sector.
TPG makes $301m partial exit from India's Shriram Transport
TPG Capital has sold a 10% stake in Shriram Transport Finance (STF) to Piramal Enterprises for INR16.5 billion ($301.4 million). Piramal acquired 22.8 million shares for INR723 per share ($13.19) in an open market transaction.
3i to stop investing in Indian infrastructure
3i Infrastructure will make no further investments in India as the $1.2 billion India Infrastructure Fund has not delivered the capital growth expected. The firm said it faced more political, market and macroeconomic challenges than expected when the...
IFC, Sabre to invest $40m in Everstone-backed Indian hospital chain
Ravindranath GE Medical Associates (RGE), which operates a chain of eight hospitals across India under the Global Hospitals brand, will receive $15 million from Sabre Partners and $25 million from the International Finance Corporation.
Adams Street hits $1b hard cap on global secondary fund
Adams Street Partners has closed its Global Secondary Fund 5 at $1 billion, surpassing the $750 million target to raise the highest amount so far in its global secondary series of funds. It is the fourth global secondaries vehicle to reach a final close...
Fairbridge raises $34m through Thomas Cook India offering
Fairbridge Capital, a subsidiary of Canada's Fairfax Financial Holdings, has reduced its stake in Thomas Cook India from 87.1% down to 75% via an institutional placement program (IPP), which closed on May 8.
Denham Capital invests $75m to join Australian wind power JV
US private equity firm Denham Capital will invest $75 million in a 1 gigawatt portfolio of Australian wind power projects. The projects are currently being developed by Enersis Australia, National Power and Kato Capital. Denham will join them to create...
Accion backs Asian financial services start-ups
Non-profit microfinance pioneer Accion will provide funding to three Asian start-ups through its $10 million seed initiative, Venture Lab. Singapore-based Coda Payments, Demyst Data and Indian education access provider Varthana are among the five businesses...
NSL Renewable raises $90 million
With $90 million in funding raised over the last week, NSL Renewable Power (NRPPL) is looking to leverage the falling costs of producing power from renewable sources. It currently has 185 megawatts of installed capacity across wind, solar, bio-mass and...
Canary in the coal mine: GP economics under stress
Still dealing with the fallout from a fundraising boom, mid-market PE firms in Asia face the prospect of smaller vehicles in coming vintages, and team volatility comes as part of the package