South Asia
Sequoia joins Series A round for personal search engine
Sequoia Capital India has joined Qualcomm Ventures in investing over $1 million in Dexetra, the maker of Friday, a personal search mobile application.
ePlanet exits agro-chemicals firm as Japan's SDS enters
ePlanet will exit Indian agro-chemicals firm Sree Ramcides Chemicals as Japan's SDS Biotech invests INR1 billion ($18.8 million) in the company for a 65% stake.
Tata Capital to raise maiden distress fund
Tata Capital, the private equity arm of India's Tata group, plans to raise nearly INR5 billion ($94 million) for its maiden distress assets fund.
India expects tax settlement with Vodafone, seeks to reassure investors
The Indian government is close to settling its $2.6 billion tax dispute with Vodafone, according to the country’s finance minister. If the issue can be resolved it would reassure foreign investors’ concerned about the tax treatment of transactions involving...
Everstone invests in Transpole Logistics
Everstone Capital has invested INR2.2 billion ($41 million) in India's Transpole Logistics. The Dehli-headquartered firm provides services including freight forwarding, warehousing and distribution.
Talent tinkering: Operating partners in Asia
Operational value-add is becoming the new normal in Asia as private equity firms hire professionals with the skills to build portfolio companies. However, methods of recruitment and retention vary hugely
IL&FS Private Equity invests $33m in real estate in third quarter
IL&FS Investment Managers (IIML), the India's largest private equity firm by assets under management, invested INR1.8 billion ($33 million) in real estate during the quarter ended December 2012. It also recorded exits worth INR2.45 billion across private...
PE firms compete for Everstone's stake in VLCC – report
Several global and regional private equity firms are reportedly in the hunt for Everstone Capital’s 16% interest in Indian health and beauty treatment specialist VLCC.
Kaizen, Bertelsmann invest in online education firm
Kaizen, an education-focused Indian private equity firm, has led a $4 million Series B round investment in Educomp Solution's subsidiary authorGen, which produces online education platform WizIQ. German global media company Bertelsmann has also participated...
GEF to invest $8.4m in India's IClean
Global Environment Fund (GEF) has invested INR450 million ($8.4 million) for a minority stake in Integrated Cleanroom Technologies (IClean), which manufactures prefabricated modular cleanrooms and related equipment.
PE-backed Amtek sells 5% stake in subsidiary
Auto component maker Amtek Auto, which is backed by Warburg Pincus and ChrysCapital, has sold a 5% stake in its subsidiary Amtek Crankshafts (India) to an unnamed foreign investor for INR223 million ($4.1 million).
CX Partners' security deal hits regulatory hurdle
CX Partners’ proposed INR5 billion ($89.5 million) investment in private security firm Security and Intelligent Services India (SIS India), one of the pioneers of the country's private security industry, has yet to clear regulatory hurdles six months...
Big data, big deal?
Following the success of India’s business process outsourcing industry, big data is being touted as the next major opportunity for technology investors in the country
TA Associates' Dhiraj Poddar promoted to principal
TA Associates has promoted Dhiraj Poddar to principal in its Mumbai Office. His job title was previously director.
Fulcrum Venture India invests $1.5m in Congruent Solutions
Fulcrum Venture India has invested INR80 million ($1.5 million) for a 20% stake in Congruent Solutions, a specialist software service provider in the pension administration industry.
UTI Capital invests in VC-backed Bharat Light - report
Bharat Light and Power (BLP), which owns and operates power generation facilities in India, has reportedly raised INR2 billion ($37.2 million) from UTI Capital, as well as existing investors VenturEast and Draper Fisher Jurvetson.
Everstone acquires stake in India's Transpole
Everstone Capital has invested INR2.2 billion ($41 million) to acquire a significant minority stake in Transpole Logistics, one of the leading freight forwarders in India. The company will use to proceeds to expand overseas operations in China, Malaysia,...
India Infoline invests in real estate project
India Infoline (IIFL) has invested INR750 million ($13.9 million) in a real-estate development project in the state of Haryana through its IIFL Domestic Series 1 Fund.
Apollo Hospitals founder interested in Apax stake
Apax Partners is preparing to exit Indian healthcare chain Apollo Hospitals, with Prathap C. Reddy, the company’s founder and chairman, open to buying part of the stake.
Sequoia invests $9.3m in Indian eye hospitals
Sequoia Capital has invested INR500 million ($9.3 million) in ASG Eye Hospitals, a Rajastan-based group of specialty eye hospitals. The funding will be used by the company to support expansion into central and northern India.
Norwest invests $11m in India's Perfint Healthcare
Norwest Venture Partners has invested $11 million in Indian medical technology company Perfint Healthcare as part of a Series D round of funding. Norwest previously invested $7.2 million in the Chennai-based company in 2010.
Mayfield launches second India fund
Mayfield has launched its second India fund, according to a US regulatory filing. No details were given on the target size. The GP closed its first India-focused vehicle in 2008 on $115 million, with a remit to invest in the consumer, infrastructure and...
Creador reaches $132m final close on debut fund
Creador, a Southeast Asia and India-focused private equity firm, has reached a final close of $132 million for its debut fund. This comes after a first close of $100 million in late 2011. Creador already has plans to launch a second fund in 2013.
India's BookAdSpace gets angel investment
BookAdSpace, an online platform for buying and selling physical advertising space, has received angel funding from Aakrit Vaish, the director of Flurry India, and Mitesh Sampat, the vice-president of product strategy at Quova.