Kyash, a Tokyo-based mobile banking start-up, has received $45 million in Series C funding led by Greenspring Associates and Goodwater Capital.
The Carlyle Group achieved an 8x return through a partial exit via SBI Cards’ IPO. The private equity firm still holds a 16% stake and is a resolute believer in the growth potential of India’s credit card market
India's private debt markets lack coordination and standardization. Vivriti Capital hopes to fix this by bringing issuance online. LGT Lightstone Aspada has provided $50 million in support of this effort
Australian VC investor MH Carnegie has exited asset management software specialist Assetic to Dude Solutions, a similar private equity-owned company in the US.
Sanjib Kumar Jha, co-founder of private equity firm Avaana Capital, has been appointed CEO of struggling Indian online insurance marketplace Coverfox.
Financial technology player Quona's $203 million second fund is expected to feature more early-stage rounds, more 'adjacency' plays in previously inaccessible segments, and more start-ups outside of India and Indonesia
Norwest Venture Partners has led a INR3.5 billion ($46 million) Series E round for Veritas Finance, an Indian non-banking finance company (NBFC) that issues loans to micro, small and medium-sized enterprises (MSMEs).
LGT Lightstone Aspada has led a $50 million Series B round for Vivriti Capital, which operates CredAvenue, an Indian platform that helps companies raise debt.
SIG and China Renaissance New Economy Fund have co-led a $25 million Series C round for Insgeek, a Chinese insurance technology specialist.
The Carlyle Group has generated proceeds of approximately INR70.3 billion ($951 million) through a partial exit from SBI Cards & Payments, the State Bank of India's (SBI) credit card issuing arm, through a recent IPO.
A group of investors including Y Combinator, Sequoia Capital India and angel investors have contributed $4.7 million in funding to FamPay, a social network for Indian teenagers centered on a parent-supervised payment service.
Greensill, a UK-based enterprise financier with a global operations base, has acquired Australian VC-backed financial technology company Earnd.
The State Bank of India (SBI) plans to acquire a 49% stake in troubled lender Yes Bank as part of a rescue package set to dilute the holdings of a number of private equity backers.
Carthona Capital and MassMutual Ventures have led a A$14 million ($9.2 million) Series A round for Australian financial technology provider InDebted.
SMEcorner, an Indian online lender to small businesses, has closed a $30 million round comprising equity and debt led by Paragon Partners.
Chinese health insurance platform Nuanwa Technology has raised a RMB100 million ($14 million) Series A round led by Longfor Capital, a unit of real estate developer Longfor Group.
Morgan Stanley Private Equity Asia (MSPEA) has led a INR1.6 billion ($23 million) Series D round for Indian low-income home loans provider Ummeed Housing Finance.
Insignia Ventures Partners and Credence Partners are backing a Philippines rollout by Tonik Financial, which claims to be the first digital-only bank in Southeast Asia.
Rupeek, an India-based online gold loan marketplace, has received $60 million in a funding round led by GGV Capital and Bertelsmann India Investments.
Singapore-based ride-hailing and online-to-offline (O2O) services platform Grab has raised $856 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) and TIS Intec Group.
BharatPe, a digital payment services provider for offline businesses, has raised $75 million to help fund a non-banking financial company (NBFC) that will issue loans to small businesses.
Stori, a Mexican digital bank founded by a team with China backgrounds, has raised $10 million in an extended tranche of Series A led by Source Code Capital and Bertelsmann Asia Investments (BAI). Existing investor Vision Plus Capital also participated.
SBI Cards and Payments, the State Bank of India's (SBI) credit card arm and a Carlyle Group portfolio company, is looking to raise INR60 billion ($840 million) through a domestic IPO.
Huize Holding, a Shanghai-based insurance platform backed by SAIF Partners, has raised about $55 million in a US IPO.