Lumis Partners has teamed up with Housing Development Finance Corporation (HDFC) to invest in PeopleStrong, an Indian human resources outsourcing company. The size of the equity commitment was not disclosed.
Founded in 2006 by Pankaj Bansal and Shelly Singh, with seed funding from Withya Group, PeopleStrong is headquartered in Gurgaon and has branch offices in Delhi, Mumbai, Hyderabad and Bengaluru. It provides...
Australian graphic design start-up Canva has raised $70 million from investors including US-based General Catalyst and Bond Capital, the new vehicle of Silicon Valley veteran Mary Meeker. It values Canva at $2.5 billion.
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
Sanjieke, a China-based vocational training services provider, has raised an RMB130 million ($19 million) in a Series B round of funding led by Wu Capital.
ADV Partners has agreed to acquire heavy vehicles producer Dutch Lanka Trailer Manufacturers (DLT), a Sri Lanka-based subsidiary of Indian conglomerate Tata Group, for INR3.05 billion ($43.7 million).