South Asia
Norwest leads $40m Series C for India's MindTickle
Norwest Venture Partners has led a $40 million Series C round for MindTickle, an online sales enablement platform based in India and the US.
Aion to invest $44m in India's Future Lifestyle
Aion Capital Partners has agreed to invest INR3 billion ($43.5 million) in India-listed integrated fashion retailer Future Lifestyle Fashions (FLF).
Bain forms Asia data center platform
Bain Capital has become the latest private markets investor to back a pan-Asian data center platform with the merger of existing portfolio companies covering China, Southeast Asia, and India.
Sequoia, Lightspeed make partial exits from India’s Oyo
Sequoia Capital India and Lightspeed India Partners have made a partial exit from India-based online hospitality platform Oyo through a $2 billion round comprising primary and secondary shares. The round brings the company’s valuation to around $10...
Accel leads $25m round for India's Drip Capital
Drip Capital, an India-based trade finance provider targeting small and medium-sized enterprises (SMEs) in emerging markets, has raised a $25 million Series B round led by Accel Partners.
Investcorp raises $145m for IDFC India PE fund
Investcorp has reached a final close of INR10 billion ($145 million) on the second private equity fund of IDFC Alternatives. The Bahrain-listed asset management firm acquired IDFC's PE and real estate businesses last year.
India's Five Star raises $50m round led by TPG
TPG Capital has led a $50 million funding round for Five Star Business Finance, an Indian non-banking finance company (NBFC) focused on small and medium-sized enterprises (SMEs).
CDC makes first direct equity investment in Myanmar
UK government-backed CDC Group has made its first direct equity investment in Myanmar with a $30 million commitment to internet service provider Frontiir.
Brookfield to lead $3.7b investment in Reliance India telecom unit
A consortium led by Brookfield Asset Management has agreed to invest INR252 billion ($3.66 billion) in the telecommunication tower unit of India’s Reliance Industries. It is said to be the largest foreign investment in an Indian infrastructure asset...
EBay buys 5.5% stake in India's Paytm Mall
EBay has acquired a 5.5% stake in Paytm Mall, the e-commerce arm of Indian online payments platform Paytm.
European investors back India's MyMoneyMantra
Switzerland-based private equity firm Vaalon Capital and Netherlands investor IFSD BV have provided a combined $15 million to Indian financial and enterprise services provider MyMoneyMantra (MMM).
Ebix to acquire India's Yatra Online for $338m
Indian travel services platform Yatra Online, which has several VC investors, has agreed to an acquisition by software and e-commerce services provider Ebix at an enterprise valuation of $337.8 million.
Fund focus: A91 scouts overlooked VC opportunities
A91 Partners closes its debut fund at $351 million with a plan to explore the untapped depths of the Indian business sector. Consumer, financial services, healthcare, and technology are top of mind
Tiger, Sequoia lead $60m round for India's Moglix
Tiger Global Management and Sequoia Capital have led a $60 million funding round for India-based business-to-business (B2B) industrial goods marketplace Moglix.
India's Rivigo raises $65m from Warburg Pincus, SAIF
Warburg Pincus and SAIF Partners have led a $65 million Series E commitment to Indian technology-enabled logistics operator Rivigo.
Samsung Ventures makes first India investments
Samsung Ventures has made its first Indian investments, committing $8.5 million across four local start-ups.
QIA leads $150m round for India’s Byju’s
Indian educational technology developer Byju’s has raised $150 million in a funding round led by Qatar Investment Authority, the sovereign wealth fund of Qatar.
India's A91 closes debut fund at $351m
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, has closed its debut fund at $351 million.
TVS reaches $160m second close on India growth fund
TVS Capital Funds, a PE firm sponsored by the TVS Group and Shriram Group, has reached a second close of INR11 billion ($160 million) on its third India growth vehicle.
Horizons leads $35m round for India fintech player
Horizons Ventures has led a $35 million Series B round for Indian financial technology provider NiYo Solutions with support from Tencent Holdings.
IFC leads $550m investment in India's L&T Finance
The International Finance Corporation (IFC) has anchored the first tranche of a $550 million investment in L&T Finance Holdings (LTFH), the financial services unit of Indian engineering conglomerate Larsen & Toubro (L&T).
US-India cross-border: Taking the leap
US-India cross-border deals present a tempting opportunity for Indian GPs, but managing investments in another market requires careful use of resources and a level of commitment that not all firms can match
SoftBank invests $250m in India's Ola Electric
SoftBank has invested $250 million in Ola Electric, an electric vehicle (EV) company that spun out from Indian ride-hailing platform Ola earlier this year. The new investment reportedly brings Ola Electric’s valuation to over $1 billion.
Sequoia launches India seed fund
Sequoia Capital is deepening its focus on early-stage start-ups in India with a new seed fund that will invest separately from its existing vehicles.
