Apax Partners has sold its remaining 48% interest in GlobalLogic, an IT outsourcing company founded by several Indian entrepreneurs, to Partners Group. The deal values the business at more than $2 billion.
Kedaara Capital and Partners Group have agreed to acquire Indian retailer Vishal Mega Mart for an undisclosed sum from TPG Capital.
Digital Garage and Toyota Tsusho, a division of Japanese automotive giant Toyota Group, have co-led a $30 million Series D round for Indian used-car trading marketplace Droom.
L Catterton Asia will purchase an approximately 10% stake in India-listed integrated fashion retailer Future Lifestyle Fashion (FLF) through newly issued shares and secondary purchases.
Indian educational institution IIM Ahmedabad has raised $12.5 million for its on-campus start-up incubator and seed fund from investors including the Bill and Melinda Gates Foundation.
Chinese online retailer JD.com has invested $306 million in e-Shang Redwood (ESR), a private equity-backed pan-Asia logistics operator and fund manager.
The Blackstone Group has made a partial exit from Indian IT services provider Mphasis, selling an 8% stake in the publicly traded company for approximately INR14.8 billion ($217 million).
True North has agreed to buy a 26% stake in Fedbank Financial Services (Fedfina), a non-banking financial company (NBFC) controlled by India’s Federal Bank.
Indian renewable energy producer ReNew Power has filed for a domestic IPO that will enable Goldman Sachs, Abu Dhabi Investment Authority (ADIA), and Global Environment Fund (GEF) to make partial exits.
Alibaba Group has acquired Daraz, an e-commerce platform incubated by Rocket Internet that is the market leader in Pakistan and has a presence in several other South Asian countries.
Walmart has agreed to pay $16 billion for a 77% stake in Flipkart, an Indian e-commerce business that has received substantial private funding. The deal will facilitate full exits for several investors, including SoftBank’s Vision Fund.
India’s economic dominance of South Asia has not translated into a firm leadership role for the region. Private equity strategies therefore vary widely across the country’s immediate geographic orbit
B9 Beverages, an Indian brewer that markets craft beer under the brand Bira 91, has received $50 million in Series B funding led by Belgium’s Sofina.
Nepal-focused private equity investor Dolma Impact Fund has received $37 million in commitments for a top-up vehicle that will pursue additional investments by its debut fund.
Manipal Hospital Enterprises (MHEPL), an Indian hospital chain backed by TPG Capital, has submitted a revised buyout offer for Fortis Healthcare's (FHL) hospital operation that values the business at about INR83.5 billion ($1.2 billion).
Sequoia Capital India and Saama Capital will exit their 10-year investment in ScioInspire Holdings, a healthcare analytics platform with operations in the US, UK and India, through a merger with US-listed industry peer EXL.
Varun Laul (pictured), the sole remaining India-based representative of Providence Equity Partners, has left the GP to join technology-focused venture capital firm Zodius Capital.
Indian road and highway developer GR Infraprojects has filed for an IPO that will see Motilal Oswal Private Equity (MOPE) exit the bulk of its stake.
Indian business-to-business packaging marketplace Bizongo has raised a $22 million Series B round led by B Capital and the International Finance Corporation (IFC).
Indian VC firm Unitus Ventures (formerly Unitus Seed Fund) has reached a first close of INR1 billion ($15 million) for its second early-stage impact investment fund.
Global Infrastructure Partners (GIP) has agreed to buy the infrastructure business of IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group.
Higher scooter and motorcycle use rates in Asia suggest an opening for the region to take the lead in clean mobility. Early investors in electric two-wheelers have outlined the opportunity
Indus Towers, an Indian telecom tower network backed by Providence Equity Partners, will merge with domestic rival Bharti Infratel, whose investors include KKR and the Canada Pension Plan Investment Board (CPPIB).
TR Capital takes secondary stakes in Indian eyewear chain Lenskart and microfinance specialist Arohan Financial Services