South Asia
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.
Q&A: Gaja Capital's Gopal Jain
Gopal Jain, co-founder and managing partner at Gaja Capital, discusses the growing appetite among US institutional investors for Indian private equity and the country’s attraction for US strategic players
IFC, Corisol lead $70m Series D for India's 1mg
The International Finance Corporation (IFC) and Switzerland-based family office Corisol Holdings have led a $70 million Series D round for Indian online healthcare services platform operator 1mg Technologies.
Deal focus: Peepul’s power grab pays off with CNPS exit
Peepul Capital has secured an exit from Indian power supply maker CNPS, selling the business to Japan's Fuji Electric seven years after acquiring a majority stake
Tiger leads $30m Series B for India fintech start-up
Open Financial Technologies, an India-based online financial services start-up aimed at small businesses, has raised a $30 million Series B round led by Tiger Global Management.
Paytm founder backs $29m debut fund from India's Roots
Vijay Shekhar Sharma, the founder of Indian online payments platform Paytm, has joined the INR2 billion ($29 million) debut fund of Indian venture capital firm Roots Ventures as an anchor investor.
India's Unacademy secures $50m Series D
Indian education platform operator Unacademy has closed a $50 million Series D round from a group of investors including Sequoia Capital India.
India secondaries: Mixed signals
India has skirted around an expected boom in secondaries activity for the past couple of years, but investors haven’t lost faith in the narrative’s eventual unfolding. The devil will be in the details
IIFL acquires Indian eyecare chain
IIFL Asset Management (IIFL AMC) has acquired a majority stake in Infigo Life Sciences, operator of a chain of eyecare centers in India.
India's VC-backed Druva raises $130m
Druva, a provider of cloud data protection and management services founded in India, has raised a $130 million investment led by Viking Global Investors.
Peepul sells Indian UPS maker to Fuji
Peepul Capital has agreed to sell its entire stake in Consul Neowatt Power Solutions (CNPS), a maker of uninterruptible power supplies (UPS) based in India, to Japan's Fuji Electric.
India's VC-backed Postman raises $50m Series B
Postman, a software development tool creator with operations in India and the US, has raised a $50 million Series B round led by Charles River Ventures (CRV), with participation by existing investor Nexus Venture Partners.
CDH wealth management unit to raise emerging markets fund
CDH Investments’ wealth management platform, which sources investment opportunities for the firm’s network of high net worth clients, is raising a $200 million emerging markets fund that will primarily target India.
Alteria invests $11.5m in India's Lendingkart
India-focused venture debt platform Alteria Capital has committed INR800 million ($11.5 million) to Lendingkart, a financial technology platform with several VC investors.
Sequoia co-leads $75m Series C for India's Razorpay
Sequoia Capital and Ribbit Capital, a Silicon Valley-based VC firm focused on financial technology, have co-led a $75 million Series C round for Indian online payment gateway Razorpay.
B Capital, Falcon Edge lead $72m round for India's Bounce
Indian scooter rental start-up Bounce, formerly known as Metro Bikes, has raised a $72 million Series C round led by B Capital and Falcon Edge Capital.
Fund focus: Advent leverages global muscle in Asia
Advent International has up to $3 billion to deploy in Asia following its recent global fundraise. It has increased headcount to widen sector coverage
Baring-owned Hexaware announces $182m US bolt-on
Hexaware Technologies, an Indian IT services company majority-owned by Baring Private Equity Asia, has acquired US-based digital consultancy firm Mobiquity for a total consideration of $182 million.
PE-backed ESR postpones Hong Kong IPO
Pan-Asian logistics and fund management platform ESR has postponed its Hong Kong IPO, which was expected to raise up to HK$975.6 billion ($1.24 billion) and facilitate partial exits for several private equity investors.
India grocery platform raises $13m
Indian online food and grocery wholesale platform Jumbotail has raised more than INR900 million ($13 million) in a Series B round led by Canadian venture capital firm Heron Rock Fund.
Kedaara completes exit from India's Mahindra Logistics
Kedaara Capital has sold its remaining stake in Mahindra Logistics (MLL), the logistics and transport service of India’s Mahindra & Mahindra.
Whale watching: Mid-cap GPs engage large-cap LPs
Recent appointments by two Asian GPs - Everstone Group and Legend Capital - offer insights into how smaller managers are trying to forge meaningful relationships with large institutional investors
