South Asia
Unitus backs India mobile e-commerce site Jiffstore
Unitus Seed Fund has invested in Jiffstore, an Indian mobile e-commerce company. Financial details of the deal were not disclosed.
VC-backed Indian e-commerce giant Flipkart acquires Myntra
VC-backed Indian online shopping company Flipkart has acquired fashion retailer Myntra as competition intensifies in the country's e-commerce market.
ICICI Venture-backed India theme park operator files for IPO
Adlabs Entertainment, the ICICI Venture-backed firm behind theme park Adlabs Imagica, wants to raise more than INR4 billion ($68 million) through an India IPO.
India's Snapdeal raises $100m in new funding
Temasek Holdings, BlackRock, Premji Invest and Hong Kong-based investors Myriad Asset Management and Tybourne Capital Management have together invested $100 million in Jasper Infotech, the Indian e-commerce company behind Snapdeal.
SSG raises $915m for Asia special situations fund
SSG Capital Partners has closed its third Asia special situations fund at the hard cap of $915 million after approximately five months in the market.
Matrix India backs Chumbak Design
Matrix Partners India has made an investment in Chumbak Design, a Bangalore-based design-led consumer products company that makes tech accessories, bags and wallets and souvenirs.
ADIA picks up stake in India's MT Educare
Abu Dhabi Investment Authority (ADIA) has paid INR38.8 million ($662,000) for a 1% stake in education services provider MT Educare.
VCs back iYogi's Spanish strategy
Bearing in mind Spanish has the second- largest number of native speakers in the world - 410 million - after Mandarin, it is little wonder that many businesses see the value in learning the language. India-based technology support services provider iYogi...
India to see rise in restructuring opportunities - PE survey
India will see a sharp increase of corporate restructurings over the next 12 months, driven by corporate debt and liquidity issues, according to a PE industry survey by global business advisory firm AlixPartbers.
Ventureast exits India's Bioserve to Cancer Genetics
US biotech firm Cancer Genetics has acquired India's BioServe Biotechnologies for around $1.9 million, paving an exit for early-stage investor Ventureast.
RBI panel backs PE to buy up to 40% of distressed Indian banks
A panel appointed by the Reserve Bank of India (RBI) to review banking industry governance has recommended that private equity firms, including sovereign wealth funds, be allowed to buy up to 40% of distressed lenders.
Helion backs India IT mobility solutions provider
Helion Venture Partners has committed a INR250 million ($4.2 million) Series A round of funding to India-based RapidValue IT Services, which specializes in mobile IT solutions.
FidelisWorld backs India's Smaaash Entertainment
Sport, media and entertainment-focused GP Fidelis World Asset Management has invested in India's Smaaash Entertainment, a sports-centric digital entertainment complex.
India cabinet clears KKR for Gland Pharma deal
The Indian government has given KKR the go-ahead to acquire stakes in Gland Pharma and its affiliate Gland Celcus Bio Chemicals in a deal said to be worth around $230 million.
NVP raises $1.2b for global VC fund
Norwest Venture Partners (NVP) has reached a final close of $1.2 billion on its latest fund, which will make early to late stage venture and growth investments out of the US and via subsidiaries in India and Israel.
India's iYogi raises $28m Series E round
Axon Partners Group and Madison India Capital have teamed up with existing investors to provide a $28 million Series E round of funding for iYogi, an India-based technology support services provider.
Manish Chokani to head TPG Growth India
Manish Chokhani has been appointed chairman of TPG Growth India.
Matrix makes partial exit form India's Tree House
Matrix India has exited a portion of its holding in school management firm Tree House Education and Accessories, selling 4.84% stake in the company to local conglomerate Bajaj Holdings & Investment for INR504 million ($8.4 million).
Aion reaches $825m final close on India distress fund
India's Aion Capital Partners - a joint venture formed by Apollo Global Management and ICICI Venture - has reached an $825 million final close on its maiden special situations fund.
Tiger Global leads LimeRoad $15m Series B round
Tiger Global has led a $15 million Series B round of investment in LimeRoad, a social e-commerce site aimed at women in India.
Olympus leads $65m round for India's DM Healthcare - report
Indian hospital chain Aster DM Healthcare is said to be raising $65 million from existing backers Olympus Capital Asia and India Value Fund Advisors (IVFA).
Partners Group opens Mumbai office
Partners Group has opened its first India office in Mumbai, taking its total number of locations in Asia to six and 17 globally.
ADB commits $60m to OrbiMed's second Asia fund
The Asian Development Bank (ADB) is to commit up to $60 million to Orbimed Advisors' second Asian healthcare fund - OrbiMed Asia Partners II.
India's Multiples targets $500m for Fund II
Multiples Alternate Asset Management, the private equity firm set up by Renuka Ramnath after departing ICICI Venture, is said to be targeting around $500 million for its second India-focused fund.