South Asia
2015 in review: Capital in abundance
Ample liquidity and a tech boom drive up investment activity; venture takes center stage in a relatively quiet fundraising environment; exits do not disappoint, but fail to match the highs of 2014.
The crystal ball: Predictions for 2016
From Australia to China and buyouts to venture, industry participants give their perspectives on the year to come for fundraising, investments, and exits
Anand Prasanna leaves Morgan Creek
Anand Prasanna, a director with Morgan Creek Capital Management in Shanghai, has left the firm to pursue entrepreneurial opportunities in India.
CLSA leads $10m round for India's Holisol Logistics
CLSA Capital Partners has led a $10 million round of funding for Holisol Logistics, an India-based supply chain and logistics company.
LeapFrog gets $200m as OPIC commits to emerging markets GPs
The Overseas Private Investment Corporation (OPIC) has committed $200 million to LeapFrog Investments as part of a $1 billion financing drive for development-oriented funds in emerging markets.
Actis sells stake in Sri Lanka's Asiri Hospitals to TPG Growth
Actis has sold a 27.8% stake in Asiri Hospital Holdings (AHH), Sri Lanka’s largest private hospital group, to TPG Capital’s growth equity unit for LKR7.6 billion ($53.2 million).
India B2B logistics start-up BlackBuck gets $25m
Tiger Global, Accel Partners, Flipkart and a fund linked to Yuri Milner of DST Global have committed $25 million in Series B funding to BlackBuck, an India-based business-to-business logistics start-up.
General Atlantic promotes Mumbai-based Sood to principal
General Atlantic has promoted Mumbai-based Rajat Sood to principal. He has been with the firm since 2007 and was previously vice president.
AVCJ Awards 2015: Firm of the Year: Bain Capital
Bain Capital enjoyed its most active year in Asia as positive experiences from previous deals and proactive engagement with entrepreneurs helped deliver a string of new investments
Q&A: InnoVen Capital's Ajay Hattangdi
InnoVen Capital, formerly SVB India, is the oldest player in India’s nascent venture debt market. CEO Ajay Hattangdi discusses the firm’s experiences as a pioneer and Temasek’s plans for regional expansion
India: Out of the shadows
Anecdotal evidence from AVCJ Forums and research data are in agreement - India's private equity industry is returning to form
Nexus announces $450m final close on fourth India fund
Nexus Venture Partners has closed its latest fund, Nexus Ventures IV, at $450 million, bringing its total capital under management to over $1 billion.
Didi Kuaidi, Ola, Lyft, GrabTaxi form global partnership
Ride-hailing apps including India's Ola, China's Didi Kuaidi, Southeast Asia's GrabTaxi and US-based Lyft have announced a strategic global partnership.
TPG, Tillman to buy telecom towers unit from India's Reliance
Reliance Communications, the telecommunications services division of India's Reliance Group, has agreed to sell its tower assets to TPG Capital and Tillman Global Holdings.
VCs to exit as India's Flipkart invests in MapMyIndia
Indian e-commerce giant Flipkart has committed an undisclosed sum to GPS navigation and location-based services provider MapMyIndia, providing an exit for investors Nexus Venture Partners and Lightbox Ventures.
Experienced GPs make India more attractive - AVCJ Forum
The growth in experience of Indian GPs over the last several years is making the country a more attractive destination for capital, global LPs told the AVCJ India Forum.
India's ICICI Venture appoints new CEO
India-based ICICI Venture has appointed Prashant Purker as managing director and CEO. He replaces Vishakha Mulye, who recently moved to parent group ICICI Bank as executive director.
Deal focus: S Chand unlocks digital doors
IFC and Everstone support S Chand's plans to take India educational publishing firmly into the digital age
India PE primed for a pay-off - AVCJ Forum
While India's private equity industry has been slow to deliver rewards to LPs, the groundwork has been laid for investors to see returns in the near future, industry participants told the AVCJ India Forum.
India's Next Orbit seeks $750m for VC fund
India-based Next Orbit Ventures (NOV) is targeting $750 million for its second fund, which will target the electronics systems design and management.
Indian government plans $1b renewables fund
The Indian government wants to raise a $1 billion private equity fund focused on renewable energy, according to Piyush Goyal, minister responsible for power, coal and renewable energy.
Bain exits India's Hero Motocorp for $117m
Bain Capital has fully exited Hero Motocorp, India’s largest motorcycle and scooter manufacturer, selling its remaining stake for INR7.7 billion ($117 million).
SoftBank leads $120m round for India's Grofers
Indian hyperlocal delivery service Grofers has raised $120 million in Series C funding led by SoftBank Corp.
IFC, Everstone back India educational publisher
The International Finance Corporation (IFC) has led a funding round for Indian textbook publisher S Chand, with participation by existing investor Everstone Capital.