South Asia
Ex-Advent executive Avnish Mehra joins Everstone
India-focused GP Everstone Capital has hired Avnish Mehra, former India country director at Advent International, as a managing director for its private equity business.
India's KartRocket ups Series B by $2m
Indian e-commerce platform KartRocket has raised $2 million, adding to the company's Series B round announced in January.
G.S.K. Velu launches India VC fund
G.S.K. Velu, a former promoter of medical diagnostic chain Metropolis Healthcare, has launched a $100 million venture capital fund.
Accel leads $3m Series A round for India's Ninjacart
Accel Partners has led a $3 million Series A round for Indian business-to-business (B2B) online marketplace Ninjacart.
India's Access buys network solutions provider Teleysia
Access Asset Managers has taken a controlling interest in Indian wireless telecom consultancy Teleysia Networks.
AION supports buyout of GE's India commercial lending business
GE Capital will sell its India commercial lending and leasing businesses to a consortium led by AION Capital Partners.
Pfingsten closes Fund V at $382m
Pfingsten Partners, a US-based GP with a presence in China and India that reflects its manufacturing-focused remit, has closed its fifth middle-market fund at $382 million, exceeding the target of $350 million.
Indian e-commerce site Hopscotch secures $13m
Facebook co-founder Eduardo Saverin has led a $13 million Series C round of funding for a technological expansion of Hopscotch, an online retailer of baby and children’s products targeting Indian mothers.
CPPIB ups stake in India's Kotak Mahindra Bank
Canada Pension Plan Investment Board (CPPIB) has invested INR11.5 billion ($170 million) in India's Kotak Mahindra Bank, picking up a stake held by Japan's Sumitomo Mitsui Banking Corporation.
India budget promotes start-ups, boosts public investment
India's newest Union Budget will provide incentives to the country's entrepreneurs and a mixed bag of measures for the investment industry.
CalPERS sells $127m stake in India's Axis Bank
California Public Employees' Retirement System (CalPERS) has sold a stake in India’s Axis Bank worth about INR8.7 billion ($127 million) to Genesis Indian Investment Company.
BanyanTree invests $9m in India's Safex Chemicals
BanyanTree Finance has invested INR600 million ($9 million) in New Delhi-based farming pesticides and agrochemicals manufacturer Safex Chemicals.
Matrix leads $5m Series A for India's OfBusiness
Indian business-to-business (B2B) e-commerce platform OfBusiness has raised a $5 million Series A round led by Matrix Partners India.
Accel leads $5.8m round for India's Juspay
Accel Partners has led a INR400 million ($5.8 million) Series A round for Indian mobile payments start-up Juspay.
IDG targets $200m for third India fund
IDG Ventures has launched its third India-focused fund, with a target of $200 million.
IDFC buys India toll road from Blackstone-backed NCC
IDFC Alternatives will buy a controlling stake in a Bangalore toll road from NCC Infrastructure Holdings - which is backed by The Blackstone Group - and Soma Enterprise at an enterprise value of INR7.5 billion ($109 million).
IFC commits $25m to India's VC-backed Lenskart
The International Finance Corporation (IFC), the investment arm of the World Bank, has committed $25 million to Indian online eyewear retailer Lenskart.
IvyCap leads $4.5m round for India's Taskbob
IvyCap Ventures has led a INR280 million ($4.5 million) Series A round for Indian home services start-up Taskbob.
Asia Climate Partners backs India's ColdEX Logistics
Asia Climate Partners, a fund set up by the Asian Development Bank (ADB), Orix Corp, and Robeco Institutional Asset Management, has invested in India-based cold chain provider ColdEX Logistics.
India's VC-backed Tracxn launches start-up exit platform
Tracxn, an India-based start-up data analytics platform backed by SAIF Partners, has launched an online platform to help angel investors find exit opportunities from start-ups.
Bain, GIC, Advent buy minority stake in Quest Global
Bain Capital, GIC, and Advent International have bought a minority stake in Indian engineering services outsourcing firm Quest Global for $350 million, providing an exit for Warburg Pincus.
KKR invests in India's Max Financial Services
KKR has bought a 10% stake in Max Financial Services, a spin-off of India's Max Group that controls life insurance player Max Life.
Sequoia in India: Early-stage icon
At $920 million, Sequoia Capital latest India fund is the largest ever VC vehicle raised in the country. How will the technology sector accommodate this quantum of capital?
Aspada leads $5m Series A for India's Aasaanjobs
Aspada Advisors has led a $5 million Series A round of funding for Indian job recruitment site Aasaanjobs.