South Asia
IFC proposes $55m investment in Bangladeshi bank
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $55 million in Bangladesh’s Dhaka Bank.
Wipro executive to become CIO of India's Premji Invest
T.K. Kurien, the vice-chairman of Indian IT services company Wipro Group, has been named managing partner and chief investment officer at Premji Invest, the family office of Wipro chairman Azim Premji (pictured).
India's Endiya closes debut fund at $26m
Indian early-stage VC firm Endiya has reached a final close of INR1.75 billion ($25.7 million) on its debut fund.
European investors commit $25m to Indian VC Aavishkaar
India-based impact investment firm Aavishkaar-Intellecap Group has raised $25 million from Triodos Investment Management and the Shell Foundation.
Abraaj acquires Pakistan wind power company
The Abraaj Group has agreed to buy a majority stake in Pakistani wind farm operator Jhimpir Power from energy sector investor Burj Capital.
Fidelity marks down India's Flipkart
A mutual fund managed by Fidelity has cut the valuation of its shares in India e-commerce giant Flipkart – which faces a concerted challenge from Amazon – by 36.1%, falling in line with a Morgan Stanley valuation issued last December.
India consumer: Beyond the box
GPs are finding India’s packaged food and beverage sector increasingly attractive, but only companies with the right mindset are likely to thrive under private equity partnership
IIFL, Iron Pillar back India's NowFloats
Indian enterprise web solutions provider NowFloats has raised $10 million in Series B funding from a group of investors including IIFL and Iron Pillar.
India's Muthoot Microfin raises $19m from US-based GP
US private equity firm Creation Investments has committed about INR1.3 billion ($19 million) for an 11% stake in Indian microfinance services provider Muthoot Microfin.
CapitalG leads $15m round for India's Cuemath
CapitalG, the investment arm of Google parent company Alphabet, formerly known as Google Capital, has led a $15 million Series B round for Indian math learning start-up Cuemath.
IFC proposes $10m investment in India's Zinka Logistics
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $10 million investment in Indian logistics company Zinka Logistics Solutions.
Apax exits India's Cholamandalam
Apax Partners has completed its exit from Indian non-banking finance company (NBFC) Cholamandalam Investment & Finance.
IDFC to expand platform investments in Fund IV
IDFC Alternatives, the alternative asset investment arm of India’s IDFC Group, plans to continue its strategy of building platforms with its fourth fund.
Saama in $57m final close on India VC fund
Saama Capital has closed its third India venture capital fund at $57 million, above the target of $50 million.
Asia secondaries challenged by valuation complications
Valuations remain a key obstacle to securing secondary transactions in Asia, even as a generation of funds becomes a year older and still struggles to generate liquidity, but the market is also growing in complexity due to the nature of the assets on...
Fosun agrees strategic partnership with India's Iron Pillar
Chinese conglomerate Fosun International has entered a strategic partnership with Iron Pillar, an India-based VC firm focused on mid-stage technology companies, to make co-investments in India.
Warburg Pincus invests $120m in India's PVR
Warburg Pincus has invested INR8.2 billion ($120 million) for a 14% stake in Indian listed film and retail entertainment company PVR, providing a partial exit for Multiples Alternative Asset Management.
India's IVFA rebrands as True North
India Value Fund Advisors (IVFA) has changed its name to True North (Managers) and formalized its sector specialist strategy.
Pakistan PE: Maturing morale
Private equity and venture capital investment activity in Pakistan remains sparse, but early movers are beginning to cut deals with a new sense of confidence as geopolitical and economic issues simmer down
India dairy player Milk Mantra raises $10m Series D
Neev Fund, an investment vehicle sponsored by the State Bank of India (SBI), has led a $10 million Series D round for Milk Mantra Dairy.
India's Practo gets $55m round led by Tencent
China's Tencent Holdings has led a $55 million Series D round for Indian clinic management software and doctor search portal developer Practo.
Fairfax India buys controlling stake in Saurashtra Freight
Fairfax India Holdings has agreed to invest INR2 billion ($30 million) for a 51% stake in domestic logistics company Saurashtra Freight.
India's OIJIF reaches $220m first close on second fund
The Oman India Joint Investment Fund (OIJIF), an India-focused GP sponsored by the State General Reserve Fund of Oman (SGRF) and the State Bank of India (SBI), has reached a first close of $220 million on its latest fund.
Warburg Pincus expects to deploy $8b over next decade in India
Warburg Pincus believes it will invest at least $8 billion in India in the next decade as the country’s entrepreneurs continue to mature.