StanChart PE invests $15m in IFC-backed Craftsman Auto
Standard Chartered Private Equity (SCPE) has invested INR850 million ($15.4 million) for a minority stake in Craftsman Automation, a Coimbatore-based multi-product engineering company. Craftsman Automation will use the money to expand its manufacturing facilities.
Namit Arora, director of SCPE, has joined the board of directors as part of the investment. "We have found Craftsman Automation to be the right partner because of its superior engineering and design...
More on South Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.