South Asia
CDC appoints Nepal head
UK development finance institution CDC Group has appointed Rabi Rayamajhi as its first country representative for Nepal.
A91 invests $16m in India spices maker
India’s A91 Partners has invested INR1.2 billion ($16.4 million) in local spices and condiments brand Pushp.
India's Jio Platforms set for record Asia growth capital fundraise
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest INR113.6 billion ($1.5 billion) in India’s Jio Platforms. This takes its overall funding to INR1.15 trillion, the largest single growth capital haul for an Asian technology company.
L Catterton recruits executive from India's CX Partners
Consumer-focused private equity firm L Catterton has hired Saurabh Mehta, formerly a partner at India’s CX Partners.
India's VC-backed Postman raises $150m Series C
Postman, a software development tool creator with operations in India and the US, has raised a $150 million Series C round led by Insight Partners.
India’s Happiest Minds Technologies files for IPO
Indian IT outsourcing company Happiest Minds Technologies, which is backed by J.P. Morgan Asset Management, has filed for an initial public offering.
L Catterton, TPG join PE backers of India's Jio Platforms
Equity commitments to Jio Platforms, the holding company for various internet and telecom assets owned by India's Reliance Industries, have now surpassed $13.5 billion following confirmation of investments by TPG Capital and L Catterton.
Nexus leads Series A for Indian enterprise automation platform
Nexus Venture Partners has led an $18 million Series A round for Jiffy, an Indian software start-up that helps companies automate back-office processes.
Deal focus: DocsApp eyes more than appointments
Following a $20 million funding round and a merger with an industry peer, India's DocsApp is working towards a long-term vision that goes beyond online health consultations
Q&A: Iron Pillar's Anand Prasanna
Anand Prasanna, a managing partner at Indian venture capital firm Iron Pillar, on building local companies that can be globally relevant, selling a GP stake, and the impact of COVID-19
Microsoft VC unit launches India operation
Microsoft Corporation's venture arm M12 has established a presence in India by opening an office in the start-up hub of Bengaluru.
Deal focus: Khatabook aspires to be shopkeeper’s best friend
Khatabook, which helps India's small business owners track their transactions, has accumulated eight million users in the last two years. A recent Series B round is intended to help the company reach 30 million
Apollo, ICICI Venture end India special situations partnership
Apollo Global Management and India’s ICICI Venture have agreed to terminate Aion Capital Partners, a joint venture that manages a special situations fund in the country.
India's Unitary Helion rebrands as Arkam, reaches first close
Unitary Helion Ventures, an Indian VC firm founded by Rahul Chandra, has relaunched as Arkam Ventures and achieved a first close on its debut fund of INR3.25 billion ($43 million).
VC-backed Ayannah merges with India's ECAPS
Philippines financial services player Ayannah, which is backed by Golden Gate Ventures, has merged with India’s Electronic Cash and Payment Solutions (ECAPS).
CVC seeks control of India healthcare player HCG
CVC Capital Partners is looking to acquire majority control of Indian cancer care center operator HealthCare Global Enterprises (HCG) in a deal that could be worth up to IN10.4 billion ($$138.9 million).
ADIA to invest $750m in India's Jio Platforms
Abu Dhabi Investment Authority (ADIA) has agreed to invest INR56.8 billion ($750 million) in Jio Platforms two days after Silver Lake announced plans to increase its stake in the company.
Baring pursues $1.1b privatization of India's Hexaware
Baring Private Equity Asia, which already holds a majority stake in Indian IT services provider Hexaware Technologies, is offering to privatize the business at a valuation of INR85 billion ($1.1 billion).
Mubadala to invest $1.2b in India's Jio Platforms
Abu Dhabi sovereign wealth fund Mubadala has agreed to invest INR90.9 billion ($1.2 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries.
Bessemer leads $20m Series B for India's DocsApp
Bessemer Venture Partners has led an INR1.5 billion ($20 million) Series B round for teleconsultation health platform DocsApp.
India's Info Edge targets $100m for debut fund
Info Edge India, the holding company for Indian jobs portal Naukri, is looking to raise INR7.5 billion ($100 million) for a debut venture capital fund.
India’s Iron Pillar sells GP stake to US investor
Indian venture capital player Iron Pillar Capital Management has brought in US-headquartered real estate investment firm Nitya Capital as a strategic investor.
Coronavirus & due diligence: Split screen
Finding the right balance between offline and online communication for completing due diligence processes is a tricky endeavor for PE and VC investment professionals in Asia
Singapore's Antler launches India operation, targets $50m fund
Singapore-based start-up incubator Antler will launch operations in India later in the year and plans to raise upto $50 million to invest in start-ups in the country.