South Asia
Mitsui commits $52m to India's Naaptol
Mitsui & Co. Global Investment, the VC arm of Japanese conglomerate Mitsui, has invested another INR3.4 billion ($52 million) in Indian TV shopping and e-commerce platform Naaptol.
India carve-outs: A larger slice
Corporate carve-outs are on the rise in India as companies divest due to financial pressure or strategic rationale. To get these deals, PE firms must demonstrate operational capability and corporate sensitivity
India IT services: The digital divide
India’s IT services providers firms have moved beyond their humble beginnings to encompass a wide range of outsourced functions. Private equity backers will continue to be key to their evolution
India financial services: Proxy play
A sizeable portion of the PE capital entering Indian financial services has targeted wealth management as local players look to scale up their offerings on the back of growing private wealth
India tech M&A: Treading water
India’s internet giants are becoming more acquisitive, but they still play a minor role in VC firms’ planning. To raise their influence these companies first need to stabilize their own operations
A public affair: India IPOs
Private equity-backed IPOs are undergoing a revival in India, but innate volatility means they are just one of multiple exit options that GPs should consider
NEA, Accel commit $12.5m to India's MindTickle
Accel Partners and New Enterprise Associates (NEA) have invested $12.5 million in a Series A round of funding for Indian business training and networking platform MindTickle.
Bessemer leads $25m round for India's UrbanClap
Bessemer Venture Partners has led a $25 million Series B funding round for Indian local services marketplace UrbanClap.
Kalaari commits $4m to India's ScoopWhoop
Kalaari Capital has invested $4 million in Indian internet news and media outlet and production company ScoopWhoop.
India's NSR promotes Arvind Malhan to partner
Indian growth-stage private equity firm New Silk Route (NSR) has promoted Arvind Malhan to partner.
OrbiMed exits India's Ecron Acunova for $17.4m
Indian life-science technology company Take Solutions has agreed to pay INR1.15 billion ($17.4 million) for Ecron Acunova (EA), providing an exit for healthcare-focused private equity firm OrbiMed Advisors.
India's Ola receives $500m Series F round
India ride-hailing service Ola has completed a Series F round of funding, raising $500 million at a reported valuation of around $5 billion.
KKR buys controlling stake in India's Avendus
KKR has bought a 70% stake in Indian financial services firm Avendus Capital for an undisclosed sum.
Sequoia, Lightspeed lead $34m round for India's Craftsvilla
Sequoia Capital and Lightspeed Ventures have led a $34 million Series C round for Indian online ethnic products marketplace Craftsvilla.
Premji, Temasek pay $296m for stake in ICICI's life insurance unit
PremjiInvest - the family office of Wipro Enterprises chairman Azim Premji - and Singapore's Temasek Holdings have agreed to pay INR19.5 billion ($296 million) for a 6% stake in the life insurance unit of ICICI Bank.
IFC to invest $7m in VC-backed CL Educate
The International Finance Corporation (IFC) will invest $7 million in India's CL Educate, an education services company backed by Gaja Capital.
Providence ups stake in India's Hathway
Providence Equity Partners has paid INR2.4 billion ($36.4 million) for a 6.35% stake in Indian cable TV operator Hathway Cable and Datacom held by Macquarie Bank.
India's PE-backed CarTrade buys rival CarWale
CarTrade, an Indian online used car portal backed by Warburg Pincus and Tiger Global Management, has bought a majority stake in online automotive sales platform CarWale from its owner, German media conglomerate Axel Springer.
Vertex launches $200m captive fund for SE Asia, India
Vertex Venture Holdings, the VC arm of Singapore-based Temasek Holdings, has launched a $200 million captive fund for investments in India and Southeast Asia.
Townsend Group backs KKR's India real estate NBFC
KKR has signed up another partner for its India-focused real estate non-banking finance company (NBFC), with US-based investor The Townsend Group agreeing to commit capital.
SAIF in $6m round for India's Chef's Basket
SAIF Partners has participated in a $6 million Series A round for Indian start-up Fizzy Foodlabs, which operates the Chef's Basket packaged food brand.
Deal focus: KKR eyes Asia content
KKR teams up with The Chernin Group to create Emerald Media, a growth investment platform dedicated to Asia's media and entertainment industry
Fairfax India seeks controlling stake in ADI Finechem
The India unit of Canada-based Fairfax Financial Holdings has agreed to buy a 44.66% stake in chemicals manufacturer ADI Finechem for approximately INR1.3 billion ($20 million).
Creador nets 2.8x return on part-exit from Cholamandalam
Creador has made a partial exit from Cholamandalam Investment & Finance (CIF), an India-based non-banking finance company (NBFC), securing a 2.8x multiple and a 33% IRR in US dollar terms.