South Asia
LPs assume control of Exhilway's emerging markets fund
LPs have assumed control of Exhilway Global Opportunities Fund - a vehicle set up by US-based hedge fund and emerging markets private equity GP Exhilway Global - apparently following difficulty sourcing deals.
Multiples to up stake in India's PVR Cinemas
Multiples Alternative Asset Management has agreed to invest INR3.5 billion ($54.6 million) in Indian cinema chain PVR Cinema, raising its stake in the company to 19.6%.
Indian healthcare player La Renon raises $16m from Sequoia
La Renon, an Indian developer and manufacturer of pharmaceutical drugs and services, has raised INR1 billion ($16 million) in Series A funding from Sequoia Capital.
Indian fashion app Voonik raises $5m from Sequoia, Seedfund
Voonik, a personalized fashion shopping portal based in India, has raised $5 million in Series A funding from Sequoia Capital and existing investor Seedfund.
Quadria closes maiden healthcare fund at $304m
Quadria Capital, the Singapore and India-based private equity firm, has reached a final close on its maiden healthcare fund at $304 million.
India's Swiggy raises $16.5m from Norwest, Accel, SAIF
Indian food delivery platform Swiggy has raised $16.5 million in a Series B round led by Norwest Venture Partners, along with existing investors Accel Partners and SAIF Partners and an unnamed investor.
Deal focus: Aspada backs India's agri-tech 'Uber'
Indian agriculture is woefully inefficient. This is in part due to the extreme fragmentation of land ownership; the UN estimates the average farm holding is 1.6 hectares, or just larger than two football pitches. As a result, the nation’s food producers...
India payments: The missing link
India’s payment start-ups hope to shape the way e-commerce companies charge for their goods. The future may lie with approaches tailored to the country’s circumstances
Australia's Future Fund leads $40m round for India solar firm
Australia's Future Fund has led a $40 million investment in Indian Solar power company Applied Solar Technologies (AST). Existing investors Bessemer Venture Partners (BVP), Capricorn Investment Group and the International Finance Corp. (IFC) also participated....
Snow Leopard, Paytm commit $5m to India's Jugnoo
Indian autorickshaw-hailing service Jugnoo has raised INR320 million ($5 million) in Series A funding from Snow Leopard Technology Ventures and Paytm, along with some existing angel investors.
India home appliances marketplace raises $20m
Indian hyper-local online marketplace Zopper has raised $20 million from existing investors Tiger Global and Nirvana Venture Advisors.
Fidelity leads round for India healthcare start-up Medwell
Fidelity Growth Partners India (FGPI) and affiliated US fund Fidelity Biosciences have invested $10 million in Medwell Ventures, operator of Nightingales specialty home healthcare services.
Warburg Pincus invests $120m in India's Ecom Express
Ecom Express, an Indian e-commerce logistics startup, has raised INR8.5 billion ($120 million) from Warburg Pincus.
Nexus leads $15m round for India data solutions firm
Nexus Venture Partners has led a $15 million Series B round for Indian data center software developer Arkin, along with other investors.
Deal focus: Tata sees logistics angle in India tax reforms
Third-party logistics (3PL) companies have traditionally struggled in India. For example, the country’s fragmented tax system meant that companies moving goods cross-country had to pay multiple tariffs and stop for traffic examination each time they crossed...
India's Veeba Foods raises $6m from Saama Capital
Saama Capital has led a $6 million round for Indian specialty food ingredients maker Veeba Food Services. Existing investor DSG Consumer Partners also took part.
Aspada commits $3.3m to India agri-tech business
Asapada Investment - an India-based investor backed by the Soros Economic Development Fund (SEDF) - has injected INR200 million ($3.3 million) into Dehli-based EM3 AgriServices.
Temasek's India NBFC to provide home financing
Fullerton India Credit Company (FICC), the Indian non-banking financial company (NBFC) owned by Singapore's Temasek Holdings, will set up a new unit offering home financing in the affordable housing segment.
Everstone hires head of capital markets, exits
India and Southeast Asia-focused Everstone Capital has named Bhavna Thakur as its head of capital markets and exits.
India's ChrysCapital exits stake in Mankind Pharma
ChrysCapital Partners has sold its 11% stake in India-based Mankind Pharma to investment firm Capital International for just over $200 million, valuing the company at about $2.2 billion.
Energy: A world beyond funds
A small but growing band of GPs are modifying the conventional PE fund model in favor of solutions that better meet their needs. For those with long-hold, asset-heavy strategies, the future may lie in platforms
TVS Logistics, Tata Opportunities to acquire DIESL
India's Tata Capital will acquire a minority stake in TVS Logistics Services and support the company in its acquisition of Drive India Enterprise Solutions (DIESL).
ICICI Venture exits India's Future Lifestyle
ICICI Venture has exited its stake in Future Group-owned India apparel company Future Lifestyle Fashion (FLF) through an open market transaction.
Indian regulator rejects Baring Asia's Sharekhan buyout
India's Foreign Investment Promotion Board (FIPB) has rejected Baring Private Equity Asia's bid to buy IDFC's stake in Mumbai-based brokerage Sharekhan.