TPG Capital has led a INR2.2 billion ($32 million) funding round for India's Jana Small Finance Bank, which focuses on financial inclusion through digital services.
Indian Angel Network (IAN) has closed its first venture capital fund with INR3.7 billion ($53 million) in commitments. The target was INR3.5 billion.
Asian investors are growing more confident in their approaches to environmental, social, and governance issues, but policies must be flexible enough to handle unforeseen complications
Localization was the key for Everstone Group when rolling out Burger King in an India market that is both price-sensitive and not known for its appreciation of beef
Many private equity investors think they can make a fast buck from fast dining, but rolling out a Western-style brand in Asia requires discipline on valuation and competence in execution
Everstone Capital, which set up the Indian franchise of US fast food giant Burger King in 2013, has filed to list the company on the domestic markets.
Pakistan’s Airlift, a bus-hailing app, has raised a $12 million Series A round led by US-based First Round Capital. It is being called the largest ever Series A in Pakistan.
Indian e-commerce company ShopClues has agreed a merger with Singaporean counterpart Qoo10 at a valuation reportedly 99% lower than its peak level of $1.1 billion.
The Blackstone Group has invested an undisclosed sum in New Delhi-based Aakash Educational Services with a view to building India’s largest digital omnichannel test preparation company.
Prosus Ventures, a VC unit of South African internet conglomerate Naspers, has led a $40 million investment in Indian logistics technology developer ElasticRun.
Chinese early-stage investor Shunwei Capital Partners has participated in a Series B funding round for Indian motorcycle taxi operator Rapido, drawing comparisons with the growth trajectory of Indonesia’s Go-Jek.
CDC Group has made its first equity investment in Nepal with a NPR1.35 billion ($12 million) commitment to WorldLink, the country’s largest private sector internet service provider.
Pan-Asian logistics and fund management platform ESR has relaunched a Hong Kong IPO that was pulled in June amidst unrest in Hong Kong and concerns about the valuation.
Tencent Holdings, JS Capital, Tiger Global Management, and Prime Venture Partners have provided a $56 million Series B round to India’s MyGate, a security app for gated communities.
Backing small business lender BRAC Bank and establishing an office in Dhaka is part of CDC Group's wider plan to more than double its exposure to Bangladesh over the next three years
B2B marketplace Udaan has achieved unicorn status faster than any of its illustrious Indian forbears. A readymade national broadband infrastructure certainly helped
India and US-focused Inventus Capital Partners has closed its third fund at INR3.6 billion ($52 million). It is the early-stage investor's first vehicle dedicated solely to India.
Creador has led a INR3 billion ($42 million) Series C round for Kogta Financial, a non-banking finance company (NBFC) looking to deepen its penetration in India’s central and western states.
Indian hotel platform Oyo has raised $700 million from RA Hospitality Holdings, an entity controlled by founder and CEO Ritesh Agarwal, as part of a Series F round targeting $1.5 billion.
Having won support from HarbourVest Partners to spin out a portfolio from his former employer, Norwest Venture Partners, Mohan Kumar is taking aim at India's underdeveloped enterprise software space
Human resources software provider Darwinbox is among the Indian business services players leading the charge into Southeast Asia
Everstone Group has appointed Vibhor Kumar Talreja, who previously spent 12 years with Temasek Holdings in India, as a managing director in its private equity business.
India’s Udaan has closed its Series D round at $585 million, with the latest contribution featuring Tencent Holdings and the VC arm of Citi. It values the B2B online marketplace at $2.5-3 billion.
UK-based development finance institution CDC Group has cemented its presence in Bangladesh through an investment in local lender BRAC Bank and the naming of a country director.