Accel Partners has led a INR1 billion ($13.6 million) Series E round for Indian fashion retailer Universal Sportsbiz (USPL).
Matteo Stefanel discovered a passion for financial services early in his career. This led to the formation of Apis Partners, which seeks to back the sector’s most innovative entrepreneurs in Asia and Africa
Caisse de dépôt et placement du Québec (CDPQ) has invested $100 million in Azure Power, an Indian solar panel company listed in the US.
Motilal Oswal Private Equity (MOPE) has invested INR2 billion ($27 million) in Happy Forgings, an Indian manufacturer of forged and machined components focused on the automotive industry.
IDG Ventures India has rebranded as Chiratae Ventures, marking the end of its association with IDG and underlining its commitment to the local start-up community
China has set a compelling example for establishing a diversified and deeply penetrated digital banking industry in a developing economy. India and Southeast Asia are taking notes
Social Finance, a globally focused impact investor based in the UK, plans to raise $2 billion for investments in India across two vehicles focused on education and local micro, small and medium-sized enterprises (MSMEs).
Indian restaurant discovery and food delivery platform Zomato has raised $210 million from existing investor Ant Financial, the financial services affiliate of China’s Alibaba Group.
IDG Ventures India has changed its name to Chiratae Ventures to emphasize the firm’s identity as a backer of high-growth Indian start-ups with potential for global expansion.
Advent International has made an investment of undisclosed size in Indian packaging industry supplier Manjushree Technopack. It facilitates an exit for Kedaara Capital.
Sequoia Capital India has led an approximately $27 million investment in Indian logistics services company BlackBuck.
Greenko Energy, an Indian renewable energy producer owned by GIC Private, has completed the acquisition of Orange Renewables and agreed to buy Skeiron Green Renewables. The two deals will increase Greenko’s overall operational capacity from 3.2 gigawatts...
Private equity investors in India’s GMR Airports (GAL) will receive INR35.6 billion ($481.3 million) in cash plus additional equity in compensation after the company failed to deliver a liquidity event within an agreed timeframe.
The family office of Joe Hirao, founder of Japanese media platform ZigExN, has led a $30 million Series E round for Indian used-car trading marketplace Droom.
Indian venture capital firm Iron Pillar Capital Management has closed its maiden fund with aggregate capital commitments of just over $90 million.
Indian venture capital firm Blume Ventures has reached a first close of $40 million on Blume Ventures Fund III, its third early-stage fund.
Oyo Rooms has taken a budget hotel marketing strategy that worked in India and applied it to overseas markets, notably China. Investors were bullish enough on its growth potential to provide a $1 billion Series E round
Portfolio companies in Asia’s emerging markets are increasingly enthusiastic about implementing environment, social and governance (ESG) policies, but only when they see clear benefits for their business
NewQuest Capital Partners and Committed Advisors have invested $175 million in a fund intended to institutionalize the Basil Partners platform and help its portfolio companies achieve greater scale
Netradyne, a US and India-based developer of artificial intelligence (AI) technology focused on automotive applications, has raised $21 million in Series B funding from a group of VC and strategic investors.
Indian private equity firm True North has acquired a controlling stake in Sesa Oil, a domestic producer of hair and beauty care products.
NewQuest Capital Partners and Committed Advisors have bankrolled the formation of a $175 million fund that will acquire the existing portfolio of Singapore-based Basil Partners and provide additional capital for follow-on investments.
Indian online pharmacy PharmEasy has raised a $50 million Series C funding round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International.
PE firms can obtain financing for leveraged buyouts in Asia on increasingly favorable terms, but this doesn’t necessarily point to institutionalization – or at least, not yet. For now, banks still lead the way