South Asia
Ankur achieves first close on second India VC fund
Ankur Capital, an Indian early-stage investor focused on healthcare and agriculture technology investments, has reached a first close of INR2.4 billion ($33 million) on its second fund.
KKR pumps $150m into its India credit business
KKR has committed an additional $150 million in funding to its India-based non-banking financial company (NBFC), citing strong growth prospects for credit investment in the country.
Tiger Global commits $300m to India's Byju's
Tiger Global Management has led a $300 million funding round for India-based online learning platform Byju’s, joining an investor roster that already includes Tencent Holdings, General Atlantic, Naspers Ventures, Sequoia Capital India, and the Chan...
India's Zomato taps Ant Financial again for $150m
Ant Financial has invested $150 million in Indian restaurant discovery and food delivery platform Zomato, pushing the company's valuation to $3 billion.
TA promotes India-based Sharma to principal
Aditya Sharma, who makes investments in India for TA Associates, has been promoted from senior vice president to principal.
Everstone backs US, India-based generics developer
The Everstone Group has agreed to invest $50 million in Slayback Pharma, a developer of generic and specialty drugs with a presence in India and the US.
India's True North makes $75m biosimilars bet
True North has invested INR5.36 billion ($74.6 million) in the biosimilars business of India-listed pharmaceuticals giant Biocon.
Talking points: 2019 in quotes
What industry participants had to say at AVCJ events on co-investment, technology opportunities in Vietnam, what LPs want to hear from GPs, Indian buyouts, long-dated funds, and late-stage deals in China deployment during times of uncertainty, responding...
SoftBank Vision Fund invests $275m in India's Lenskart
SoftBank Vision Fund has led a Series G round of more than $275 million for Lenskart, an Indian omnichannel eyewear retailer, facilitating exits for several early investors.
India's Filter Capital names Sumit Sinha as co-founder
Filter Capital, an Indian private equity firm established last year by ex-Warburg Pincus executive Nitin Nayar, has appointed Sumit Sinha as a co-founder and managing partner.
CPPIB to invest $225m in Bain, Piramal India distress fund
Canada Pension Plan Investment Board (CPPIB) has committed $225 million to India Resurgence Fund (India RF), a distressed assets investment platform established by Bain Capital Credit and Piramal Enterprises.
Blackstone promotes India-based PE executive
The Blackstone Group has promoted Amit Jain to partner and senior managing director covering India, effective January 1.
The crystal ball: Predictions for 2020
Industry experts weigh in as a range of macro factors promise to reshape markets across the region. Political, demographic, and scientific variables loom large
Reliance buys majority stake in India's NowFloats
Indian conglomerate Reliance Industries has agreed to buy an 85% stake in local enterprise IT provider NowFloats for INR1.4 billion ($20 million). It positions several VCs to exit.
Tiger Global leads round for Indian invoice discounting platform
Tiger Global Management has led a $26 million Series B round for Indian B2B financing platform provider KredX.
3one4 closes India venture, seed funds
India’s 3one4 Capital has closed its latest venture capital fund with INR4 billion ($57 million) in commitments and raised INR450 million for seed investment vehicle.
2019 in review: Falling short
Fundraising, investment and exits in Asia are unlikely to match last year as pan-regional funds take a back seat, large-cap buyouts remain in short supply, growth-stage tech loses its edge, and IPOs flounder
Apis closes Fund II at revised hard cap of $563m
Apis Partners has closed its second emerging markets-focused financial services and technology fund at the revised hard cap of $563 million. The initial target was $400 million.
India's Shadowfax receives $60m Series D
Indian last-mile delivery and logistics start-up Shadowfax has raised $60 million in Series D funding from a group including Eight Roads Ventures and Qualcomm Ventures.
Ping An leads $70m Series D for India's CarDekho
China’s Ping An Insurance has led a $70 million Series D round for Indian online auto marketplace CarDekho. It is Ping An’s first venture investment in the country.
CPPIB commits $600m to state-backed Indian infrastructure fund
Canada Pension Plan Investment Board (CPPIB) has agreed to invest up to $600 million in NIIF Master Fund, a rupee-denominated infrastructure vehicle anchored by the Indian government.
Growth investors enable India buyouts - AVCJ Forum
A proliferation of venture capital and private equity players as minority investors in Indian companies is having a knock-on effect on the availability of control deals, industry participants told the AVCJ India Forum.
Circulate hits first close on Asian ocean protection fund
Circulate Capital, a Singapore-based investor dedicated to stemming plastic waste pollution in South and Southeast Asia, has reached a first close of $106 million for an ocean protection fund.
India PE: Careful carving
Driven by distress and strategic rationale, Indian corporates are more willing to sell off attractive assets. Private equity investors must figure out what might be available before it comes on the market