South Asia
Q&A: Creador's Brahmal Vasudevan
Creador targets mid-market investments in Southeast Asia and India. CEO Brahmal Vasudevan explains why he sees limited competition outside of India, and why he’s excited about the Philippines
KKR commits $300m to Asia media investment platform
KKR has committed $300 million to a Emerald Media, an investment platform that will target media and entertainment opportunities across Asia. The Chernin Group is participating as a minority co-investor in the deal.
Sequoia, Matrix commit $7.6m to India's TinyOwl
TinyOwl, an India-based mobile food-ordering platform, has raised INR500 million ($7.6 million) from existing investors Sequoia Capital and Matrix Partners.
ADB, IFMR partner for India microfinance loans
Asian Development Bank (ADB) has joined with IFMR Capital, an Indian non-banking finance company (NBFC), to provide local currency loans to Indian microfinance institutions (MFIs).
Canada's Fairfax ups stake in ICICI Lombard
Canada-based Fairfax Financial Holdings has agreed to buy an additional 9% of ICICI Lombard General Insurance from ICICI Bank for approximately $234 million.
India's Essel Finance commits $11m to housing developer
The private equity arm of India's Essel Finance has invested INR400 million ($6 million) across two housing projects by Mumbai-based developer Rashmi Housing, and will invest another INR350 million in a third project.
Asia O2O services: The long tail
From taxi journeys to pedicures, online-to-offline services are changing consumption channels in Asia’s emerging markets. Some leaders have emerged, but much of the sector is still up for grabs
The billion-dollar club: Asia's tech unicorns
Asia accounts for one fifth of the global tech sector’s unicorn population as companies raise larger rounds at ever higher valuations. But as investor sentiment weakens, some of these behemoths should be concerned
India's ReNew Power raises $265m round
Indian renewable energy producer ReNew Power Ventures has raised a $265 million funding round led by a subsidiary of the Abu Dhabi Investment Authority (ADIA), with participation by existing investors Goldman Sachs and the Global Environment Fund (GEF)....
Tiger, Matrix commit $9m Series A to India's RazorPay
Tiger Global has led a $9 million Series A round for India-based online payment gateway RazorPay, with participation by Matrix Partners.
TVS pays $12.5m for Bessemer IEX stake
TVS Capital has paid INR810 million ($12.5 million) for a 4% stake in Indian Energy Exchange (IEX) held by Bessemer Venture Partners.
Canada's CPPIB opens India office
Canada Pension Plan Investment Board (CPPIB) has opened an office in Mumbai to focus on investment opportunities in India.
OrbiMed leads $50m round for India's Netmeds
Healthcare focused investment firm OrbiMed has led a $50 million round of funding for Indian online drug marketplace Netmeds.
I Squared's India toll road platform buys asset from Madhucon
Cube Highways & Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought an Indian toll road from developer Madhucon Infra.
PremjiInvest commits $33m to India's HRI
PremjiInvest, the private investment firm for Wipro Enterprises Chairman Azim Premji, has invested INR2.16 billion ($33 million) in cosmetics developer Hygienic Research Institute (HRI).
General Atlantic buys stake in India's IIFL Wealth
General Atlantic has agreed to pay up to INR11.2 billion ($173 million) for a minority interest in IIFL Wealth Management (IIFLW), a subsidiary of IIFL Holdings, the Indian financial services group formerly known as India Infoline.
India's PE-backed SSIPL files for IPO
SSIPL Retail, a footwear manufacturer and retailer based in India, has filed for an IPO, providing an exit for PE investor Tano Capital.
FTIL sells remaining IEX stake to Multiples-backed Milltec
Financial Technologies (FTIL) has agreed to sell its remaining 5.46% stake in India Energy Exchange (IEX) to Milltec, a portfolio company of Multiples Alternative Asset Management, completing its exit from the company.
PE-backed Coffee Day to raise $177m in India IPO
Indian coffee shop and restaurant chain Cafe Coffee Day has fixed a price for its upcoming IPO that will put the offering on course to meet its target of INR11.5 billion ($177 million).
PE investors set for part-exits as ATC buys 51% of India's Viom
IDFC Alternatives and Macquarie SBI Infrastructure Management will make partial exits from India-based Viom Networks as American Tower Corporation (ATC) buys a 51% stake in the telecom tower business.
India delivery start-up Opinio gets $7m Series A round
Opinio, a hyperlocal delivery start-up based in India, has raised $7 million in a Series A round led by Indian logistics firm Delhivery. Sands Capital Ventures and existing investor Accel Partners also participated.
GIC to buy Indian renewable energy platform Greenko
Singapore’s GIC Private has agreed to acquire Greenko, an India-focused renewable energy developer that has previously received funding from the likes of TPG Capital and EIG Global Energy Partners.
Tiger, Flipkart lead $7.7m round for India's Cube26
Tiger Global and Flipkart have led a INR500 million ($7.7 million) seed round for Cube26, an India-based developer of gesture control technology for smart phones.
VC-backed Equitas files for India IPO
Indian microfinance institution Equitas Holdings has filed for an IPO, providing partial or complete exits for a number of VC and PE investors.