Indian educational technology provider Byju’s has raised a INR2.14 billion ($31 million) round of funding from existing investors General Atlantic and Tencent Holdings.
Korean car makers Hyundai Motor and Kia Motors have agreed to invest $300 million in Ola, an Indian ride-hailing platform backed by a number of PE and strategic investors.
Indian cloud-based payments platform operator Pine Labs has agreed to pay $110 million for Qwikcilver, a gift card technology provider backed by several VC and strategic investors including Accel Partners, Helion Venture Partners, Amazon, and Sistema...
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
Acko General Insurance, an Indian online insurance broker with several VC and strategic backers, has raised $65 million from a group of new and existing investors.
Everlife, an Asia healthcare investment platform managed by India’s Everstone Group, has made its first investment in India, committing an undisclosed amount to medical device manufacturer CPC Diagnostics.
Bertelsmann India Investments has led a $27 million Series C round for AgroStar, an Indian mobile retail platform focused on the agriculture sector.
Omidyar Network, a global impact investment firm launched by eBay founder Pierre Omidyar that is an active investor in Asia, has spun out its financial technology division into a new VC firm called Flourish Ventures.
Singapore’s GIC Private has agreed to invest INR50 billion ($713 million) in India-based telecommunications provider Bharti Airtel.
Quona Capital has led a INR900 million ($12.8 million) investment in Indian microlending platform operator SMECorner.
The Carlyle Group and Fosun International have joined a INR29 billion ($415 million) Series F round for Indian e-commerce logistics services provider Delhivery led by SoftBank Vision Fund.
True North realizes a two-year goal with the acquisition of a controlling stake in Indian health insurance provider Max Bupa
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest INR18 billion ($255 million) in ECL Finance, a non-banking finance company (NBFC) owned by India’s Edelweiss Group.
Multiples Alternate Asset Management is seeking INR65.3 billion ($920 million) for its third India-focused private equity fund.
Tiger Global Management and Matrix Partners India have co-led a INR4 billion ($56.3 million) investment in an independent electric vehicle (EV) company spun out from Indian ride-hailing platform Ola.
The Carlyle Group has acquired a 9% stake in India-listed life insurance company SBI Life for INR46.4 billion ($653 million).
ESR, a pan-Asian logistics and fund management platform that was seeded by Warburg Pincus, has filed for an IPO in Hong Kong.
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, is seeking $330 million for its debut fund.
Abu Dhabi Investment Authority (ADIA) will make an anchor commitment of $500 million to an India special situations fund launched in conjunction with Kotak Private Equity.
Ayana Renewable Power, an Indian renewable energy platform managed by CDC Group, has raised $330 million from its parent, along with new investors the National Investment and Infrastructure Fund of India (NIIF) and EverSource Capital.
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has led a INR1.5 billion ($21.6 million) investment in contract consumer goods manufacturer Hindustan Foods.
True North has acquired a 51% stake in Max Bupa Health Insurance, a joint venture between multinational insurance giant Bupa Group and Indian conglomerate Max India, for INR5.1 billion ($72 million).
Ontario Municipal Employees Retirement System (OMERS) has made its first investment in India’s infrastructure sector, buying a 22% stake in infrastructure investment trust IndInfravit Trust for INR8.7 billion ($122 million).
Sachin Bansal, a co-founder of Indian e-commerce giant Flipkart, has invested INR6.5 billion ($91 million) in ride-hailing platform Ola.