Asia could prove to be a deal-rich market in 2021, but buyout investors are still figuring out the long-term implications of COVID-19 for companies that cater to changing consumer demands
India venture capital firm Z3 Partners has reached a first close of INR1 billion ($13.6 million) on its debut fund, which will invest in early-stage technology start-ups.
Udaan, an India-based B2B marketplace, has raised $280 million from an investor group that includes existing backers Lightspeed Venture Partners, Tencent Holdings, DST Global, GGV Capital, and Altimeter Capital.
India’s Endiya Partners has closed its second early-stage venture capital fund with about $75 million in commitments.
Sequoia Capital India has joined an $81 million Series C round for India’s Cred, a credit card rewards start-up also known as Dreamplug Technologies.
What industry participants had to say on China IPOs, conducting due diligence on GPs, waiting for distress opportunities, working from home, co-underwriting deals, and sensible recruitment policies
A selection of the key fundraising, investment and exit events - presented in chronological order - from the past 12 months
Apax Partners has agreed to acquire the software products business of Indian IT provider 3i Infotech for INR10 billion ($136.6 million). It will be renamed Azentio Software.
Google has joined a $145 million round for Glance, an Indian smart phone services provider specializing in media content that launches on a locked home screen when a handset is illuminated.
Sanjay Nayar, who helped establish KKR’s India operations and currently serves as country CEO, will relinquish his leadership responsibilities and transition to a chairman role.
NIIF Master Fund, a rupee-denominated infrastructure investment vehicle backed by the Indian government, has achieved a final close of $2.34 billion, beating its $2.1 billion target.
India’s Ayana Renewable Power has received $70 million in equity funding from a group of government-backed impact investors, including UK-based CDC Group.
Industry professionals process the upheavals of 2020 to inform outlooks for a range of markets and investment themes. Realist bullishness abounds
Partners Group has committed at least $250 million to Indian door-to-door delivery specialist Ecom Express, facilitating a partial exit for controlling shareholder Warburg Pincus.
Gaja Capital has led a $32 million Series B round for India-based software-as-a-service (SaaS) provider LeadSquared.
The coronavirus pandemic has played havoc with Asian private equity, contributing to a resurgence in IPOs, increased bifurcation in fundraising, a rush for healthcare, and a generally staggered revival
Everstone Group helps outsourcing specialist Everise adapt to the work-at-home realities of the day before exiting the business to Brookfield Asset Management
The Blackstone Group has agreed to buy Piramal Glass, a glass packaging business owned by Indian conglomerate Piramal Group, for an enterprise valuation of INR75 billion ($1 billion).
Info Edge India, a holding company for Indian jobs portal Naukri, has secured an anchor LP commitment of INR3.7 billion ($51 million) from Temasek Holdings for its debut VC fund.
Everstone Group has agreed to sell Everise, a business process outsourcing (BPO) company it formed through the amalgamation of several existing assets, to Brookfield Asset Management.
Everstone Group has acquired a controlling stake in Calibre, an Indian ingredients supplier for the pharmaceutical and nutrition industries, for an undisclosed sum.
India’s competition regulator will conduct a study on the role of private equity in India – identifying any potential antitrust issues – in response to the asset class’ rising prominence.
PhonePe, the digital payments platform of Indian e-commerce marketplace Flipkart, has been spun out as a stand-alone entity and raised $700 million in funding at a post-money valuation of $5.5 billion.
Apis Partners' support of India-based Cashfree is driven by a recognition that the democratization of digital payments is as much about empowering traditional merchants as unbanked consumers