South Asia
Accel, Helion back Series A round for TaxiForSure
Accel Partners, Helion Venture Partners and seed investor Blume Ventures have backed a Series A round of funding for India’s Serendipity Infolabs, which runs online taxi booking site Taxiforsure.com.
India funds given six months to comply with new regulations
Indian private equity funds have been given a six-month window to comply with new rules governing alternative investment funds (AIFs). While existing vehicles are free to complete their investment cycles, they will not be able to raise fresh capital until...
NSR-backed Augere Wireless to exit India
Augere Wireless, a portfolio company of Asia-focused New Silk Route, is reportedly selling its 4G broadband spectrum in two Indian states, as part of a move to leave the country.
Accel, Tiger-backed Freshdesk sets up $10m future fund
Indian technology product start-up Freshdesk, which is backed by international funds Tiger Global Management and Accel Partners, has announced phase one of its $10 million Freshdesk Future Fund, which will provide cloud-based support solutions to new...
ICICI Venture in talks to buy Maja Health Care
ICICI Venture is in talks to pick up a stake in Maja Health Care, a division of Vi-John Group that manufactures shaving cream and other personal care products.
CIPEF closes emerging markets fund at $3b
Capital International has closed its sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
FX hedging: Know your risk
Private equity firms are hedging the currency risk of their investments in Asia Pacific longer and later in the investment cycle than ever before
Indian infrastructure funds face rocky road ahead
Private equity has been one of the engines for India’s infrastructure growth, but delays in project approvals, inexperienced GPs and the tough fundraising environment remain hurdles to overcome
IIFL real estate fund makes first investment
IIFL Alternate Asset Advisors, the venture capital arm of the India Infoline Group (IIFL), has made the first investment from its venture capital fund, backing a slum redevelopment project.
SAIF Partners to stay invested in Just Dial after listing
SAIF Partners will stay invested in Indian search engine Just Dial after its INR3.6 billion ($66 million) public issue, which is expected to hit the market this June.
3i gives up Indian quoted equity plan
3i has dropped the plan to raise a dedicated fund aimed at purchasing stakes in India-listed companies due to a lack of interest from investors.
KPS Capital Partners seeks portfolio growth overseas
KPS Capital Partners, a US-focused distressed and turnaround private equity investor, has been assisting its portfolio companies to expand overseas.
Warburg Pincus joins race for India's Future Capital
US buyout firm Warburg Pincus is thought to have joined the race to acquire a stake in India's Future Capital Holdings (FCH), the financial services unit of the Future Group.
Creador invests $15m in OldTown
India- and Southeast Asia-focused investor Creador has injected RM45.7 million ($15 million) in OldTown White Coffee, the number-one Asian restaurant chain in Malaysia.
Inventus, Ojas lead $3.5m Cbazaar round
US-India venture capital firm Inventus Capital Partners early-stage technology investor Ojas Venture Partners have led a $3.5 million Series A round of funding for Indian fashion portal Cbazaar.
Moolchand raises $18.7m from Sequoia Capital
Sequoia Capital has invested INR1 billion ($18.7 million) into New Delhi-based Moolchand Healthcare, with an aim to fund the company’s further expansion and acquisitions of hospitals across India.
Capital International closes emerging markets fund at $3b
Capital International has closed it sixth emerging markets private equity fund at its hard cap of $3 billion, making it the largest vehicle of its kind to be raised in the last five years.
L Capital hires Uday Mehra as MD
L Capital, the private equity arm of luxury goods giant LVMH, has hired Uday Mehra, a former Asia-Pacific operations executive for Tommy Hilfiger, as a managing director.
IndoUS Venture Partners backs New York-based digital magazine store
IndoUS Venture Partners has invested in New York-based digital magazine store Magzter in a Series A funding round. The investment is estimated at $3-5 million.
LIC holds a first close of real estate fund at $47m
LIC Housing Finance, the mortgage unit of India's biggest insurer, has reached a first close of its maiden real estate private equity fund at INR2.5 billion ($46.5 million).
ASK Pravi Capital appoints operating adviser
India’s ASK Pravi Capital Advisors has hired Naveen Kshatriya as an operating advisor to its private equity fund.
ChrysCapital closes sixth fund at $510m
ChrysCapital has announced a final close of its sixth fund at the hard cap of $510 million.
ChrysCapital closes fund VI at $510m
In keeping with its conservative approach, ChrysCapital opts for a smaller fund than the last cycle and plans to outsmart the competition by targeting smaller deals
India postpones anti-avoidance rules, cuts capital gains tax for PE
India has postponed the implementation of anti-avoidance legislation, which impacts the tax treatment of offshore structures used to channel capital into the country, and reduced the tax rate on capital gains arising from private equity transactions....