British International Investment (BII)
India's Euler Motors gets $14m Series C extension
India’s Euler Motors, a logistics-focused electric three-wheeler maker, has lifted its Series C round to about USD 83m with a USD 14m tranche featuring cleantech investor Green Frontier Capital.
Q&A: BII’s Holger Rothenbusch
Holger Rothenbusch, head of infrastructure and climate at British International Investment, unpacks the opportunities and challenges of a significant new credit programme for developing Asia
Fund focus: Pi Ventures triples its deep tech firepower
While deploying its debut fund, India-based machine learning specialist Pi Ventures realised it was in fact a deep tech generalist. LPs have come along for the ride
India healthcare: New momentum, new directions
Private equity has become comfortable with niche segments and regional sub-markets in Indian healthcare services. Technology-based business models are next
India's Pi Ventures closes second fund with $85m
India’s Pi Ventures, an artificial intelligence (AI) and deep tech specialist, has closed its second fund with INR 7bn (USD 85m) in commitments.
Frontier market fundraising: Roads less travelled
As fundraising slows globally, GPs in frontier markets are more dependent than ever on multilateral development banks. That’s not a major problem now, but in a long downturn, it could become one
Tiger, Blume join $33m round for India's Battery Smart
Tiger Global Management and Blume Ventures have supported a INR 2.7bn (USD 33m) pre-Series B round for Indian battery-swapping electric vehicle (EV) infrastructure provider Battery Smart.
Multiples leads $145m round for India's Veritas Finance
Veritas Finance, an Indian non-banking finance company (NBFC) that issues loans to micro, small and medium-sized enterprises (MSMEs), has raised INR 12bn (USD 145m) in funding led by Multiples Alternate Asset Management.
Digital bank Tyme wins funding for SE Asia, Africa expansion
Tyme Group, an emerging markets-focused digital banking group with operations in the Philippines and South Africa, has raised USD 77.8m in pre-Series C funding. A portion of the proceeds will be used for expansion into other markets in Southeast Asia.
BII backs Southeast Asia energy transition fund
British International Investment (BII), a UK development finance institution (DFI), has committed USD 15m to a Southeast Asia-focused energy transition infrastructure fund managed by Switzerland-based Susi Partners.
Deal focus: WorldLink reaches into Nepal’s hinterlands
British International Investment and Dolma Fund Management are supporting WorldLink’s rollout of internet services in Nepal, having been impressed how the company handled COVID-19
India exits: Sustainable trend?
GPs saw abundant exits in India in 2021 and the flow continued last year even as other markets stumbled. Investors must assess the merits of various contributing cyclical and structural factors
2023 preview: India PE
India’s domestic growth story appears unobstructed, but some international investors could hold their fire. The local PE industry will not graduate to the next level without that foreign capital
BII leads $25m round for India's Kinara Capital
British International Investment (BII), a UK development finance institution, has led a USD 25m equity funding round for Kinara Capital, an Indian non-banking financial company (NBFC) that lends to micro, small, and medium-sized enterprises (MSMEs).