US-based Iconiq Capital has led a $251 million Series E round for India’s Groww, a financial services provider for the retail market, at a valuation of $3 billion.
India’s Axis Bank has launched a distress buyout fund targeting INR35 billion ($468 million) via its asset management business.
Indian credit card rewards company Cred has raised a $251 million Series E round led by Tiger Global Management and Falcon Edge Capital at a post-money valuation of $4 billion.
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Everstone Group has exited its minority position in India-based design house Rita Kumur after domestic behemoth Reliance Industries moved to buy a 55% stake in the company.
WestBridge Capital has led a $50 million round, comprised of a mix of debt and equity, for direct-to-consumer fresh produce delivery service Fraazo.
Silicon Valley-based Norwest Venture Partners has invested $60 million in Indian mattress brand Duroflex.
LeapFrog Investments has led a $250 million Series E round - described as a pre-IPO round - for Indian online auto marketplace CarDekho at a valuation of $1.2 billion.
TPG Rise Climate, a climate-focused strategy under TPG’s global impact investment platform, has agreed to invest INR75 billion ($994 million) in the electric vehicle (EV) unit of India’s Tata Motors.
Temasek Holdings has led a $100 million Series C round for Indian online banking company Open Financial Technologies with support from Google.
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Norwest Venture Partners and Kedaara Capital have led a INR4.4 billion ($58.6 million) Series F round for Indian non-banking finance company (NBFC) Veritas Finance.
India-based cloud kitchen operator Rebel Foods has raised $175 million in Series F funding, led by Qatar Investment Authority (QIA), at a valuation of $1.4 billion.
Indian crypto exchange Coinswitch Kuber is claiming to be the largest app of its kind locally following a $260 million Series C round featuring Andreessen Horowitz at a $1.9 billion valuation.
Licious, an India-based online retailer specializing in fresh meat and seafood, claims to have become the country’s first direct-to-consumer (D2C) unicorn following a $52 million Series G round.
India bus-tracking app Chalo has raised a $40 million round led by Filter Capital and Lightrock India with support from WaterBridge Ventures and US-based Raine Ventures.
The latest round for livestreaming teaching app Vedantu reframes India’s swaggering, unicorn-populated edtech sector as the impact opportunity it always was
Pandemic-driven demand for masks, ventilators, and the like has propelled Indian medical equipment operator Medikabazaar to its next stage of development with a global mix of investors
COVID-19 has driven enterprise uptake of software-as-a-service solutions in China, but paying customers are still relatively few. Other markets offer some pointers on monetization
Falcon Edge Capital has led a $200 million investment in Indian electric vehicle (EV) maker Ola Electric at a valuation of $3 billion with support from SoftBank.
Oyo, an India-focused budget hotel platform backed by the likes of SoftBank Vision Fund, is looking to raise up to INR84.3 billion ($1.1 billion) through a domestic IPO.
Indian social e-commerce start-up Meesho has raised a $570 million Series F round, doubling its valuation in less than five months to $4.9 billion.
ABC World Asia, an impact investor with ties to Singapore's Temasek Holdings, has led a $100 million Series E round for Indian education technology company Vedantu at a valuation of $1 billion.
UK development finance institution CDC Group has provided an anchor commitment of undisclosed size to a Pakistan VC fund targeting $20 million from Gobi Ventures and local conglomerate Fatima Group.