South Asia
Indian payment network for teens raises $4.7m
A group of investors including Y Combinator, Sequoia Capital India and angel investors have contributed $4.7 million in funding to FamPay, a social network for Indian teenagers centered on a parent-supervised payment service.
Fund focus: Quadria's health check
Having raised $595 million for its second healthcare fund, Singapore-headquartered Quadria Capital has a bulky war-chest for investments in fast-growing companies in India and Southeast Asia
Deal focus: UTEC positions Tricog for Japan expansion
University of Tokyo Edge Capital built an unusual bridge between the start-up worlds of Japan and India when backed Tricog's artificial intelligence-enabled healthcare solution
OrbiMed targets $750m for Asia healthcare fund
US-based healthcare investment firm OrbiMed has launched its fourth Asian private equity fund with a view to raising $750 million.
Deal focus: Vogo pursues transformation on two wheels
Vogo and Bounce are both scooter rental start-ups targeting the Indian market, but they are going about it in very different ways. Lightstone Aspada is backing the former's more inclusive approach
Northern Arc reaches first close on India debt fund
Northern Arc Investments, an India-focused private debt investor, has achieved a first close of $23 million on its Northern Arc India Impact Fund.
India proposes rescue package for Yes Bank
The State Bank of India (SBI) plans to acquire a 49% stake in troubled lender Yes Bank as part of a rescue package set to dilute the holdings of a number of private equity backers.
Quona closes second fintech fund at $203m
Quona Capital, a VC focused on financial inclusion in emerging markets, has raised $203 million for its second fund. It will target financial technology across India, Southeast Asia, Latin America, and Africa.
Motilal Oswal invests $32m in Indian TB diagnostic player
Motilal Oswal Private Equity (MOPE) has committed INR2.4 billion ($32.4 million) to Molbio Diagnostics, a molecular diagnostics manufacturer that specializes in low-cost diagnosis of tuberculosis and other diseases.
Singapore's Quadria closes second healthcare fund at $595m
Quadria Capital, a Singapore-headquartered private equity firm that invests in healthcare companies across India and Southeast Asia, has raised $595 million for its second fund.
Eight Roads hires new India venture partner
Eight Roads, an independent investment firm backed by Fidelity International, has appointed pharmaceutical industry veteran Shirish Belapure as a venture partner in its India office.
RTP targets Asia with $650m global fund
RTP Global, a Russia-headquartered VC firm that invests in Asia via offices in India and Singapore, has raised $650 million for its third global fund.
US GP joins Series C for India’s Stanza Living
US-based Equity International has joined a Series C round of undisclosed size for India’s Stanza Living, a technology-enabled hospitality and student housing services provider.
Indian cardiac analytics firm Tricog raises $10.5m
Tricog, an India-based cardiac analytics firm, has raised $10.5 million in Series B funding from a group of domestic and international VCs.
India technology: The Jio effect
Nearly three months have passed since Reliance Industries launched Jio Platforms as a holding company for its digital and telecom businesses. Is it poised to reshape India’s technology landscape?
Paragon leads $30m Series B for Indian fintech player
SMEcorner, an Indian online lender to small businesses, has closed a $30 million round comprising equity and debt led by Paragon Partners.
India used car dealership raises $43m Series B
Spinny, an online platform for selling used cars, raised $43.7 million in a funding round led by The Fundamentum Partnership, an Indian growth capital VC firm.
MSPEA leads $23m Series D for India’s Ummeed
Morgan Stanley Private Equity Asia (MSPEA) has led a INR1.6 billion ($23 million) Series D round for Indian low-income home loans provider Ummeed Housing Finance.
Vertex leads $10m round for Indian data services firm
Hasura, a software-as-a-service firm that helps companies improve the data delivery process, has raised $9.9 million in a Series A round led by Vertex Ventures.
Sequoia, MassMutual back Indian medical imaging player
Qure, an India-based artificial intelligence-enabled medical imaging start-up, has raised $16 million in a Series A round led by Sequoia Capital India and MassMutual Ventures Southeast Asia.
Deal focus: WayCool Foods pursues scale
WayCool Foods receives $32 million in funding to support an expansion of its agricultural technology proposition that removes middlemen - and boosts efficiency - in food supply chains
Warburg Pincus invests in India's Apollo Tyres
Warburg Pincus will invest INR10.8 billion ($150.7 million) in Apollo Tyres, a multinational tire manufacturer headquartered in India.
Lightstone leads $19m Series C for India's Vogo
Indian scooter rental start-up Vogo has raised $19 million for fleet expansion in a Series C round led by LGT Lightstone Aspada.
CDC leads $20m round for Indian data annotation firm
UK-based development finance institution CDC Group led a $20 million funding round for iMerit, a firm that helps train artificial intelligence (AI) processes.