South Asia
Kalaari closes third India VC fund at $290m
Kalaari Capital has closed its third venture capital fund, Kalaari Capital Partners III, at $290 million. The fund will invest in early-stage Indian technology-oriented companies.
Kalaari leads $9m round for India's Industrybuying
Kalaari Capital has led a INR600 million ($9 million) Series B round for Indian B2B online marketplace Industrybuying.com, with participation by SAIF Partners and Beenext.
Creador reaches $250m first close on Fund III
Southeast Asia and India-focused GP Creador has reached a first close of $250 million on its third fund. A final close around the target of $450 million is expected around the end of the year.
Carlyle buys stake in India's Metropolis Healthcare
The Carlyle Group has agreed to buy a 37% stake in medical diagnostics chain Metropolis Healthcare, ending a dispute among the company's current ownership.
Ratan Tata joins IDG Ventures India as advisor
Ratan Tata - chairman emeritus of Tata Sons, holding company for India conglomerate Tata Group - has joined IDG Ventures India as a senior advisor.
Everstone buys Hindustan Unilever's bakery business
Everstone Capital has agreed to buy India-based Hindustan Unilever’s bread and bakery business for an undisclosed sum.
Temasek, Vy Capital lead $60m round for India's Zomato
Temasek Holdings and existing investor Vy Capital have committed $60 million in funding to Indian online restaurant and event guide Zomato.
Founder of Japan's Beenos launches $60m Asia VC fund
The founder of Japanese e-commerce company Beenos, Teruhide Sato, has a launched a $60 million venture capital fund that will support internet and mobile start-ups in India, Southeast Asia, Japan and the US.
Warburg Pincus leads round for India's Capillary Technologies
Warburg Pincus has led a $45 million Series C round of funding for Capillary Technologies, an Indian cloud-based software provider that focuses on customer relationship management (CRM) solutions.
Zodius, Khazanah back India online lingerie retailer
Zodius Capital and Malaysian state-controlled investor Khazanah Nasional have committed $40 million in Series C funding to Zivame, an India-focused online lingerie retailer.
Aspada, Qualcomm back India's Reverie with $4m
Aspada Investment Company and Qualcomm Ventures have committed $4 million in Series A funding to India-based local language software platform Reverie Language Technologies.
IHH buys PE-backed Global Hospitals for $194m
IHH Healthcare has agreed to buy India's Ravindranath GE Medical (RGE), which operates five hospitals under the Global Hospitals brand, for INR12.8 billion ($194 million) in cash.
Brookfield, Kotak acquire Indian road, power projects
Brookfield Asset Management and Kotak Mahindra’s Core Infrastructure India Fund will buy six road and three power projects from Gammon Infrastructure Projects.
VC-backed Komli to sell India business to SVG
VC-backed digital media firm Komli Media has agreed to merge its India business with that of industry peer SVG Media. This follows the sale of Komli’s Southeast Asia unit to Malaysia-based Axiata Group.
India's StartupXSeed launches $4.5m venture fund
Indian seed-stage venture investment firm StartupXSeed has launched a VC fund, with an initial corpus of INR300 million ($4.5 million), to invest in Indian technology start-ups.
Times Internet backs Coursera, supports India expansion
Times Internet, an Indian internet and mobile service provider that has backed several local start-ups, has joined a $49.5 million first close of a Series C round for US-based online education provider Coursera.
Deal focus: Tata Capital bets on Uber in India
Tata Opportunities Fund (TOF) has deployed $400 million of its $600 million corpus over the last two years, with two thirds of that capital going to India-based companies that have global operations. The recent investment in ride-hailing app Uber Technologies...
I Squared backs India rooftop solar player
Global infrastructure investor I Squared Capital has invested an undisclosed sum in Amplus Energy Solutions, an India-based owner and operator of distributed rooftop solar power.
India's Gateway offers to buy Blackstone stake in freight subsidiary
Indian logistics company Gateway Distriparks (GDL) has offered to buy The Blackstone Group's stake in its freight subsidiary GatewayRail Freight (GRFL) for INR6 billion ($90.3 million).
India's One97 to split e-commerce, payments businesses - report
Indian mobile services One97 Communications will spin off its electronic payment service Paytm into a separate entity under One97's co-founder Shekhar Sharma.
Tata Opportunities Fund invests in Uber
Tata Capital will make a significant investment in ride-hailing service Uber through its Tata Opportunities Fund (TOF).
Fund focus: Lightspeed gets traction in India
In 2010, Lightspeed Venture Partners concluded that it could more effectively tap China’s burgeoning technology space with a dedicated country fund. A China vehicle was duly launched and reached a final close in 2013 at $168 million.
Deal focus: Blume targets e-commerce's back-end
Asian e-commerce companies are having a hard time living up to their billing. Orders may come in at the speed of light, but deliveries come from warehouses that largely still dependent on relatively slow human labor.
Softbank, Foxconn, Alibaba lead $500m round for Snapdeal
SoftBank Group, Foxconn Technology Group and Alibaba Group have led a $500 million investment in Indian online marketplace Snapdeal.