South Asia
CDC appoints direct equity managing director
CDC Group has named Tony Morgan (pictured), formerly a managing director at Canada Pension Plan Investment Board (CPPIB) as a managing director responsible for direct equity.
India guaranteed return clauses: No sure things
Guaranteed minimum return clauses, and their impact on entrepreneurs, have drawn renewed scrutiny in Indian private equity. Investors say a reassessment of their contribution to value-add is long overdue
Advent to buy control of Indian snacks producer DFM
Advent International has agreed to acquire a 67.9% stake in Indian snacks manufacturer DFM Foods from investors including WestBridge Capital for INR8.52 billion ($118.7 million). It has made an open offer to buy a further 26% of the company for INR3.26...
CPPIB confirms $115m investment in India's Delhivery
Canada Pension Plan Investment Board (CPPIB) has confirmed it has invested $115 million in Indian e-commerce logistics services provider Delhivery.
KKR buys majority stake in India's EuroKids from Gaja
KKR has acquired a majority stake in Indian education services provider EuroKids International, facilitating a full exit for local GP Gaja Capital with a 6x return.
India's Udaan raises $300m in Series D round
Indian B2B online marketplace Udaan has raised more than $300 million as part of an ongoing Series D round from investors including GGV Capital, Hillhouse Capital, and Silicon Valley-based Altimeter Capital.
Mahindra & Mahindra to buy 55% of India's PE-backed Meru
Indian automotive conglomerate Mahindra & Mahindra has agreed to acquire an up to 55% stake in Meru Cab, a technology-enabled taxi company backed by True North.
Steadview leads $14m Series D for India's Chargebee
Steadview Capital has led a $14 million Series D round for Chargebee, a developer of a platform for online payments based in India and the US.
India's VC-backed Vedantu raises $42m Series C
Indian online tutoring service Vedantu has raised $42 million in a Series C round led by Tiger Global Management and WestBridge Capital.
Lok seeks $150m for fourth India fund
Indian venture capital firm Lok Capital is targeting $150 million for its fourth fund, which will invest in growth-stage companies with a potential for positive social impact.
Bain expands India credit presence
Bain Capital is setting up a team to invest in credit and special situations opportunities in India, and has hired a former executive at Aion Capital to serve as its head.
LGT acquires India impact investor
LGT Group has acquired a majority stake in Indian impact investor Aspada from an investment arm of Open Society Foundations, a George Soros-founded charitable institute.
DSG exceeds target for third India, Southeast Asia fund
DSG Consumer Partners has reached a final close of $65 million on its third fund focused on early-stage consumer opportunities in India and Southeast Asia, beating its hard cap of $60 million.
Everstone invests in India's Translumina
The Everstone Group has invested in Translumina Therapeutics, a global manufacturer of medical devices based in India.
India payments player BharatPe raises $50m Series B
US-based Ribbit Capital and UK-based Steadview Capital have co-led a $50 million Series B round for BharatPe, a digital payment services provider for Indian offline businesses.
US fintech player Tala targets India with $110m Series D
Tala, a US financial technology provider looking to expand its microlending operations in India, has raised a $110 million Series D round from a group including PayPal Ventures.
Deal focus: India AI player Uniphore eyes post-call center world
Fresh from raising a $51 million Series C round, Uniphore's founder argues that artificial intelligence will become as much about quality of engagement as back-end efficiency
CPPIB cleared to invest in India's Delhivery
Canada Pension Plan Investment Board (CPPIB) has been cleared to acquire a stake of up to 8% in Indian e-commerce logistics service provider Delhivery.
Fund focus: Kotak exploits distressed assets edge
Kotak Mahindra Group hopes his longstanding experience in financial services will serve as a differentiator as it looks for deals in India's increasingly popular distressed space
Chiratae backs Indian robotics developer Miko
Chiratae Ventures has led a $7.5 million Series A round for Miko, an India-based developer of robots for children.
Twitter leads $100m round for India's ShareChat
Twitter has led a $100 million round for Indian social networking platform ShareChat with support from private equity investor Trustbridge Partners.
India, US-based speech AI player Uniphore raises $51m
Asian VCs have backed a $51 million Series C round for Uniphore, an India and US-based artificial intelligence (AI) developer focused on speech recognition.
PE-backed CSB files for India IPO
CSB, an Indian private bank with several private equity backers, has filed for an IPO that is expected to raise at least INR300 million ($4.2 million). It is the first PE-backed IPO filing in more than nine months.
Kotak closes India distressed asset fund at $1b
The Kotak Special Situations Fund, which is sponsored by an alternative assets arm of Kotak Mahindra Group focused on Indian non-performing loans (NPLs), has reached a final close of $1 billion.
