South Asia
Samena picks up stake in Mahindra scooters business
Asia and Middle East-focused private equity firm Samena Capital has bought a 10.29% stake in Mahindra Two Wheelers, a scooter business controlled by Indian conglomerate Mahindra Group, from Kinetic Engineering.
PE investors trade in GMR Energy shares for infra exposure
A consortium of investors led by IDFC Alternatives and Temasek Holdings have agreed to restructure their investments in India's GMR Energy (GMRE) by purchasing INR11.4 billion ($183 million) in convertible preference shares in GMR Infrastructure (GMRI)....
IFC commits $25m to Olympus' Asia environment fund
International Finance Corporation (IFC), the investment arm of the World Bank, plans to invest $25 million in Olympus Capital Asia’s latest pan-regional environment fund. The vehicle has a target size of $300 million.
KKR's Kravis highlights India distress openings
KKR plans to capitalize on corporate indebtedness in India by investing in companies with distressed balance sheets that have difficulty raising capital through conventional channels, according to Henry Kravis, the private equity firm’s co-founder and...
IFC pumps $91m into Indian financial services providers
International finance Corporation (IFC), the investment arm of the World Bank, has committed around $91 million in three PE-backed non-banking financial companies (NBFCs) in India: Magma Fincorp, Bandhan Financial Services and Au Financiers.
CDC adds to ESG team
CDC Group, a UK development finance institution that focuses on investments in South Asia and Africa, has appointed Ritu Kumar as director for environmental and social responsibility.
IVF-backed ACT gets OCA Credit, Kilimanjaro debt solution
Atria Convergence Technologies (ACT), an Indian broadband and cable TV access provider backed by India Value Fund Advisors (IVFA), has received structured debt financing from Olympus Capital Asia Credit (OCA Credit) and Kilimanjaro Credit Fund.
Bamboo Finance, Saama Capital invest in India's Modern Family Doctor
Bamboo Finance, a European private equity firm that focuses on investments benefiting low-income communities in emerging markets, and early stage investor Saama Capital have together taken part in a Series B round of funding for Indian healthcare provider...
Goldman, Mitsui invest in India's Global Beverages & Foods
Goldman Sachs, Mitsui Global Investment (MGI) and a number of other unnamed investors are paying INR3.15billion ($50.4 million) for a undisclosed stake in Global Beverages and Foods (GBF).
Mayfield closes second India fund at $108m
Early-stage investor Mayfield has reached a final close of $108 million its second India-focused venture fund.
India's IFCI to set up $32m social venture fund
Industrial Finance Corporation of India (IFCI), the country’s oldest development finance institution, has received a government mandate to set up a venture capital fund that will support economically disadvantaged groups.
India impact investments total $390m in 2013 - Unitus
Private equity impact investments in India totaled $390 million across 80 deals last year – comprising 23% of all PE transactions in the country - says Bangalore-based financial advisor Unitus Capital.
JLL reaches final close on maiden India property fund
Segregated Funds Group (SFG), the private equity unit of Jones Lang LaSalle (JLL), has reached a INR1.6 billion ($27 million) final close on its maiden Indian real estate fund - short of its original INR3 billion target.
Piramal, CPPIB form $500m realty finance fund
India's Piramal Enterprises is to form a $500 million realty debt fund with CPPIB Credit Investments,, a subsidiary of the Canada Pension Plan Investment Board (CPPIB).
American Express VC unit backs India's Capillary Technologies
American Express Ventures (AEV), the corporate venture arm of credit card company American Express, has made its first India investment, backing Bangalore-based cloud software solutions provider Capillary Technologies.
Premji tries Myntra on for size
The growth of Indian e-commerce is well documented and recent estimates by online marketplace and industry poster child Flipkart illustrate just how much farther it has to go. According to Sachin Bansal, Flipkart’s co-founder and CEO, e-commerce grew...
VCs pump another $13m into PubMatic
Nokia Growth Partners (NGP) has led a $13 million round of funding for PubMatic, an advertising platform based in India and US. Existing investors August Capital, Draper Fisher Jurvetson, Helion Ventures and Nexus Venture Partners also took part in the...
WestBridge raises further $325m for India fund
WestBridge Capital has raised an additional $325 million from investors for its 2011 vintage WestBridge Crossover Fund, taking the corpus size to $850 million. The vehicle, which targets PIPE deals, is described as an evergreen fund without a specific...
PE-backed Thomas Cook India, Sterling Holiday to merge
Thomas Cook India, which was bought by Fairbridge Capital in 2012, has agreed to merge with Sterling Holding Resorts India, another private equity-backed enterprise, in a part-equity, part-cash deal worth INR8.7 billion ($140 million).
Sequoia India leads $18.8m Series B round for Truecaller
Sequoia Capital India has led a $18.8 million Series B round of funding for Truecaller, a Swiss mobile application that helps users identify spam callers. Existing investor Open Ocean, company chairman Stefan Lennhammer, and an undisclosed Silicon Valley-based...
Premji Invest leads $50m round for India fashion site Myntra
Bangalore-based fashion portal Myntra Designs has raised $50 million from investors led by Premji Invest, an investment arm owned by Indian tycoon Azim Premji.
KKR provides $100m in structured finance to India's Avantha
KKR has agreed to provide $100 million in long-term financing to Avantha Group in order to help the Indian conglomerate pay down debt and continue investing in its businesses. The capital will come from KKR India Financial Services, the private equity...
Fortisure leads Series C for Indian ad tech player
Jivox, an advertising technology company with operations in India and the US, has raised $5.8 million in Series C funding led by existing investor Fortisure Ventures. Shah Capital also participated, as did existing investors Opus Capital and Helion Venture...
CDC supports funding round for Indian e-commerce platform
CDC Group will contribute approximately $27.5 million to the latest round of funding for Jabong, a fashion and apparel-focused Indian e-commerce platform.