South Asia
IFC proposes $15m investment in India's Clean Max
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $15 million to Indian solar power company Clean Max Enviro Energy Solutions.
India's PE-backed ReNew raises $200m from Japan strategic
Indian PE-backed renewable energy producer ReNew Power Ventures has raised $200 million from Japanese energy producer JERA.
Asia value creation: Internal repairs
Private equity investors in Asia are responding to an increasingly competitive deal-sourcing environment with a stronger focus on value-add, but successful implementation will require a cultural commitment
Blume Ventures forms alliance with Draper Venture Network
Draper Venture Network (DVN), a global alliance of VC investors formed by US-based Tim Draper (pictured), has chosen early-stage GP Blume Ventures as its member for India.
Vertex leads $7.5m Series A for India's Flutura
Vertex Ventures, the VC arm of Singapore’s Temasek Holdings, has led a $7.5 million investment in Flutura Business Solutions, an Indian data services provider that uses internet-of-things (IoT) technology.
Q&A: True North's Vishal Nevatia
India Value Fund Advisors (IVFA) recently changed its name to True North and restructured its investment team along sector lines. Vishal Nevatia, the firm’s managing partner, explains why
Accel leads $6m round for India's SigTuple
Accel Partners has led a $5.8 million Series A round for Indian healthcare-focused AI start-up SigTuple Technologies.
ChrysCapital set for exit in Eris Lifesciences IPO
Indian pharmaceutical company Eris Lifesciences has filed for a domestic IPO that is expected to facilitate a full exit for ChrysCapital Partners, which has been an investor since 2011.
Bain targets $750m for Asia special situations fund
Bain Capital Credit is targeting $750 million for an Asia-focused special situations fund to pursue direct lending, mezzanine debt and distressed asset opportunities across the region.
Peepul Capital invests in Unibic India
Peepul Capital has cemented its control of snack food maker Unibic India by acquiring the entire stake of minority investor Lighthouse Funds.
India's Wooplr raises $8m Series B
Sistema Asia Fund (SAF) has led an $8 million Series B round for Indian social network and online fashion marketplace Wooplr.
Temasek leads $55m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings has led a INR3.7 billion ($55.2 million) funding round for Indian online auto sales portal CarTrade.
Flipkart: A unicorn unbowed
Despite a series of markdowns over the last 12 months and increased competitive pressure, Indian investors say e-commerce giant Flipkart is still a force to be reckoned with
India's Sathguru launches $100m agritech fund
India-based Sathguru Management Consultants has launched a $100 million fund to invest in start-ups focused on innovation in the food and agriculture sector.
RB Investments leads $10m Series B for India's TravelTriangle
Singapore-based VC firm RB Investments has led a $10 million Series B round for Holiday Triangle Travel, operator of Indian online travel planning marketplace TravelTriangle.
Stellaris reaches $50m first close on India VC fund
Stellaris Venture Partners, a Indian venture capital firm that spun out from Helion Venture Partners, has reached a first close of $50 million on its debut fund. The full target is $100 million.
India's PE-backed Au Financiers files for IPO
Indian non-banking financial company (NBFC) Au Financiers has filed for an IPO, providing partial exits for its PE backers including Warburg Pincus, ChrysCapital, Kedaara Capital and the International Finance Corporation (IFC).
Vanguard marks down India's Ola
A mutual fund managed by US-based Vanguard Group has cut the value of its shares in Indian ride-hailing app Ola by 41%, joining several other US mutual funds in marking down Indian tech unicorns.
Jacob Ballas, NYLIM to invest in India's Centrum Capital
Jacob Ballas and New York Life Investment Management (NYLIM) will invest in CentrumDirect, the foreign exchange business of India-listed financial services company Centrum Capital.
Affinity-led consortium to buy GE stake in Korea's Hyundai Card
Affinity Equity Partners has teamed up with two LP co-investors - GIC Private and AlpInvest Partners - and Hyundai Commercial to acquire General Electric’s (GE) 43% stake in South Korean credit card business Hyundai Card.
India budget promotes foreign investment, clarifies PE tax
India’s new Union Budget includes several measures intended to provide much-needed clarity related to tax burdens for investors in Indian companies including private equity funds.
France's Ingenico buys India's PE-backed TechProcess
French electronic payment service provider Ingenico has agreed to buy TechProcess, an Indian developer of online and mobile payment services backed by several VC investors.
IFC considers $20m commitment to IDG India fund
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $20 million in IDG Ventures’ third India-focused fund.
Secondary volumes decline in 2016 – survey
Global secondary market volume reached $42.15 billion last year, failing to eclipse the consecutive record annual totals of $49.3 billion and $49.6 billion in 2014 and 2015, according to Setter Capital.