South Asia
Quadria-backed Capricorn files for India IPO
India-based food processing company Capricorn Food Products has filed for an IPO that will provide a partial exit for private equity backer Quadria Capital.
Warburg Pincus abandons Tata Technologies investment
Warburg Pincus has called off a planned $360 million investment in Tata Technologies, the engineering outsourcing and product development IT services arm of Indian conglomerate Tata Group.
Westbridge-backed Nazara files for India IPO
Indian mobile game platform Nazara Technologies has filed for an IPO that will provide an exit to its private equity backer WestBridge Capital Partners.
India budget promotes start-ups, but leaves GPs waiting
India’s latest Union Budget promises strong support for domestic entrepreneurs and venture capital investors, but provides few specific measures to benefit the private equity industry.
Alibaba leads $300m round for India's Bigbasket
Chinese online retailer Alibaba Group has led a $300 million funding round for Indian online grocer Bigbasket.
SCPE exits India power business via buyback
Standard Chartered Private Equity (SCPE) has sold its stake in Sterlite Power, the power grid subsidiary of Sterlite Technologies, an India-listed transmission solutions provider for the telecom and power industries, via a buyback.
Accel invests $50m in India's BrowserStack
Accel Partners has invested $50 million in BrowserStack, an Indian IT company that supplies enterprise clients with internet and mobile software testing infrastructure.
Deal focus: LeapFrog adds to financial inclusion portfolio
LeapFrog Investments backs NeoGrowth Credit to provide financial backing for digital payments among Indian retailers
India LPs: Patient capital
Despite favorable regulatory moves in recent years, Indian financial institutions remain reluctant to invest in private equity. Investors see room for optimism, but they know they are in for a long wait
Unilever invests in online India grocery market
Unilever Ventures, the corporate VC arm of Unilever, has committed $3 million in pre-Series A funding to Indian grocery delivery start-up Milkbasket.
PremjiInvest leads $48m round for India's Shubham
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has led a INR3.1 billion ($48 million) funding round for Indian mortgage lender Shubham Housing Development Finance, providing an exit for Accion International and Saama Capital.
LeapFrog leads $47m round for India's NeoGrowth
LeapFrog Investments has led a $47 million funding round for NeoGrowth Credit, a financial technology company that offers flexible loans to small retailers in India.
India's 3one4 closes second fund at $39m
Indian VC firm 3one4 Capital has closed its second early stage fund at INR2.5 billion ($39 million), exceeding its target of INR1.5 billion.
Profile: IvyCap Ventures' Vikram Gupta
Vikram Gupta, founder of IvyCap Ventures, helped shape India’s scholarly start-up ecosystem by interweaving a passion for entrepreneurialism with his roots in scientific academia
ADB exits minority stake in India's ReNew to CPPIB for $144m
Canada Pension Plan Investment Board (CPPIB) has invested $144 million in Indian renewable energy producer ReNew Power Ventures, providing an exit for the Asian Development Bank (ADB).
Creador targets $500m for Southeast Asia, India fund
Creador is targeting $500 million for its fourth Southeast Asia and India-focused fund. The private equity firm closed its previous vehicle at $415 million in late 2016.
Asian credit remains attractive for investors
While global investors often express wariness about investments in Asian credit and special situations, industry veterans remain optimistic about the future of the strategy.
ADB commits $50m to True North's India fund
The Asian Development Bank (ADB) has agreed to invest up to $50 million in the sixth fund of Indian private equity firm True North, formerly known as India Value Fund Advisors (IVFA).
Tiger co-leads $20m Series B for India's Razorpay
Tiger Global and Y Combinator have led a $20 million Series B round for India-based online payment gateway Razorpay.
India's Pi Ventures reaches $25m second close on AI fund
Indian early-stage investor Pi Ventures has announced a second close of $25 million on its debut artificial intelligence (AI)-focused fund.
KKR joins $1.75b investment in India's HDFC
KKR has joined a group of investors including Singapore’s GIC Private and the Ontario Municipal Employees Retirement System (OMERS) to commit INR111 billion ($1.75 billion) to listed Indian financial institution HDFC.
India's PE-backed Capital First to merge with IDFC Bank
Capital First, an India-listed non-banking financial company (NBFC) backed by Warburg Pincus and GIC Private, has agreed to merge with IDFC Bank.
India removes limits on foreign investment in retail
India has broadened its regulations on foreign direct investment (FDI), permitting unconditional 100% FDI in sectors including single-brand retail trading (SBRT).
MSPEA backs Indian medical devices, health foods businesses
Morgan Stanley Private Equity Asia (MSPEA) has completed two investments in India, committing INR1.6 billion ($25.1 million) to medical devices business Sahajanand Medical Technologies (SMT) and INR1.52 billion to health foods producer Southern Health...