SBI Cards and Payments, the State Bank of India's (SBI) credit card arm and a Carlyle Group portfolio company, is looking to raise INR60 billion ($840 million) through a domestic IPO.
Evercare, a South Asia and Africa-focused healthcare delivery platform controlled by The Rise Fund, TPG Capital’s impact investment unit, has acquired Bangladesh-based Apollo Hospitals Dhaka.
Inflexor Ventures, a recently established venture capital firm, is looking to raise $100 million for its debut fund, which will focus on early-stage deals.
Indian online tutoring service Vedantu raised $24 million in an extended Series C round led by GGV Capital. It is the latest example of the primarily China-focused manager's push into India.
Brookfield Asset Management chose IndoStar Capital Finance as its way into India’s private lending space, putting faith in the non-banking finance company’s ability to diversify its business streams
MoEngage, an India and US-focused business that helps corporate clients improve mobile engagement with consumers, has received $25 million in Series C funding led by Eight Roads.
Sequoia Capital is looking to raise between $1.28 billion and $1.35 billion for its latest set of funds – comprising separate venture and growth vehicles – for deployment in India and Southeast Asia.
Indian private equity firm Kedaara Capital invested INR2 billion ($28 million) to acquire a minority stake in the healthcare insurance unit of Religare Enterprises.
Caisse de depot et placement du Quebec (CDPQ) and an asset management division of Piramal Enterprises have jointly committed $300 million to an Indian private credit platform.
General Atlantic has made another investment in India-based online learning provider Byju’s.
Indian agritech startup WayCool Foods raised $32 million in a Series C funding round led by Lightbox Ventures.
India-domiciled PE and VC funds must follow a standardized format for fundraising documentation and submit performance data for verification and benchmarking purposes, under new rules issued by local regulators.
Schroders has participated in a funding round for Singapore-headquartered incubator Antler that takes the company's total fundraising over the past six months to $75 million.
Leap India Food Logistics (LIFL), an Indian agricultural warehousing and logistics firm, received INR1.64 billion ($23 million) in a Series B round led by the Investment Fund for Developing Countries (IFU), a Danish development finance institution.
Locally domiciled Alternative Investment Funds have emerged as the structure of choice for India-focused private equity firms, but the system is still troubled by some imperfections
Indian private equity firm Ascent Capital has invested INR1.25 billion ($17.5 million) in Naari Pharma, a women's health pharmaceutical business focused on hormonal generics.
SBI Investment has launched a technology-focused VC fund, known as 4+5 Fund, with a target of JPY100 billion ($920 million).
Morgan Stanley Private Equity Asia (MSPEA) has invested INR1.9 billion ($26.6 million) in Centrum Housing Finance (CHF), an Indian non-banking financial company (NBFC) that offers loans for affordable housing projects.
ChrysCapital Partners completed a quickfire fundraise with the support of a handful of big-ticket LPs. The India-focused firm is now eyeing up bigger-ticket deals
Brookfield Asset Management has offered to buy up to 40% of IndoStar Capital, an Indian non-banking financial company (NBFC) established by Everstone Group, for INR14.5 billion ($202 million).
Indian app-based lending start-up MoneyTap has raised $70 million in a Series B round led by Aquiline Technology Growth (ATG), RTP Global, and Sequoia India.
A corporate venture capital unit of India's JSW Steel is looking to raise INR3.5 billion ($50 million) for its second fund, with a first close scheduled within a fortnight.
Indian B2B packaging marketplace Bizongo raised $30 million in a Series C round led by Schroder Adveq.
India-focused route optimisation software firm LogiNext raised $39 million in a Series B round led by Tiger Global Management and Steadview Capital.