South Asia
India's NestAway gets $61m Series D
NestAway, a VC-backed Indian IT start-up focused on the local home rental market, has raised a INR4 billion ($61.4 million) Series D funding round with participation from Goldman Sachs.
HDFC joins Series C for India's MedGenome
Indian listed financial institution HDFC has joined the Series C round for MedGenome, an India and US-based company focused on molecular biology research and diagnostics.
TA-backed TCNS files for India IPO
Indian women’s apparel retailer TCNS Clothing has filed for an IPO that will provide a partial exit for private equity investor TA Associates.
Demonetization drives surge in Indian fintech investment
India’s demonetization policy has been the principal driver for a surge in financial technology investment in the country, according to research by Accenture and CB Insights.
Clearwater acquired by listed Canadian asset manager
Canadian asset manager Fiera Capital Corporation has acquired Hong Kong-based credit and special situations investor Clearwater Capital Partners.
Alteria reaches first close on India venture debt fund
Alteria Capital, an Indian venture debt firm established by InnoVen Capital co-founders Vinod Murali and Ajay Hattangdi, has reached a first close of INR3.6 billion ($54.6 million) for its debut fund.
Deal focus: Lightspeed boosts Udaan's B2B drive
Lightspeed India Partners renews its commitment to B2B online marketplace Udaan and its emphasis on data-derived trustworthiness
Auto technology: Investment vehicles
New and old players are vying for market share as the global automotive industry experiences a multifaceted reboot. Investment inroads abound, but there is much uncertainty in the evolution
AIIB set to support Indian sovereign wealth fund
The Asian Infrastructure Investment Bank (AIIB), a Beijing-based multilateral development bank aimed at supporting infrastructure projects in the region, plans to invest up to $200 million in the Indian government-backed National Infrastructure and Investment...
Abraaj founder steps back as part of governance review
Arif Naqvi, founder of The Abraaj Group, has stepped back from the fund management business as part of changes to the firm’s governance and operating model. This comes after LPs expressed concerns that a healthcare fund had been misused.
KKR part exits India's Coffee Day for $63m
KKR has sold the majority of its stake in Indian coffee shop and restaurant chain Coffee Day Enterprises for INR4.1 billion ($62.6 million).
Lightspeed backs $50m Series B for India's Udaan
Lightspeed Venture Partners and DST Global founder Yuri Milner have backed a $50 million Series B round for Indian B2B e-commerce start-up Udaan. It follows a $10 million Series A led by Lightspeed in 2016.
Warburg, Sequoia join $20m investment in India's Capillary
Capillary Technologies, an Indian cloud-based software provider that focuses on customer relationship management (CRM), has raised $20 million from existing investors including Warburg Pincus and Sequoia Capital.
Dell Foundation in $13.5m round for Indian edtech start-up
Indian education technology start-up IMAX Program has received a $13.5 million funding round from a group of venture investors including the Michael & Susan Dell Foundation (MSDF).
Mahindra participates in $40m round for India's Zoomcar
Mahindra & Mahindra will invest up to INR1.76 billion ($27 million) in Zoomcar as part of a $40 million round for the Indian car-rental start-up. The rest of the capital comes from existing backers.
PE-backed NBFC Indostar files for India IPO
Indostar Capital Finance (ICF), an Indian non-banking finance company (NBFC) backed by Everstone Capital and other PE investors, has filed for an IPO.
Fullerton leads $87m round for India's Lendingkart
Fullerton Financial Holdings has led an $87 million Series C round for Indian financial technology platform Lendingkart.
Omnivore India agri fund reaches $46m first close
Omnivore Partners has reached a first close of $46 million on its second fund targeting agriculture investments in India.
India's HealthifyMe gets $12m Series B
Sistema Asia Fund, a VC unit of Russian conglomerate Sistema, has led a $12 million Series B funding round for Indian fitness lifestyle app operator HealthifyMe.
India's Faering targets $200m for third fund
Indian GP Faering Capital is seeking $200 million for its third growth capital fund, with a hard cap of $250 million.
B Capital closes Asia-US tech fund at $360m
B Capital Group, a venture capital firm established by Facebook co-founder Eduardo Saverin, has raised $360 million for a fund focused on start-ups that are ready to scale globally.
Naspers, Meituan-Dianping invest in India's Swiggy
Indian online food-ordering and delivery platform Swiggy has raised a $100 million Series F round led by South African internet giant Naspers Group, with participation by China-based online-to-offline (O2O) local services provider Meituan-Dianping.
Apollo's Mintoo Bhandari to step back from India leadership
Mintoo Bhandari (pictured), the head of India for Apollo Global Management, is planning to scale back his involvement at the firm to focus on social impact investing.
ChrysCapital exits US-based LiquidHub to Capgemini
French IT services company Capgemini has acquired US-based customer engagement firm LiquidHub, providing an exit for Indian private equity firm ChrysCapital.