CDC Group
Deal focus: India’s Shubham sees opening to accelerate
Shubham believes its long-curated datasets and institutional memory differentiate it from a growing pack of low-income housing lenders. Global impact investors appear convinced
BII names new India head
British International Investment (BII), a UK development finance institution formerly known as CDC Group, has named 20-year private equity veteran Manav Bansal as its head of India.
India affordable housing player raises $112m
Indian lower-income mortgage lender Shubham has raised USD 112m led by British International Investment (BII). It facilitates exits for Elevar Equity and Motilal Oswal Private Equity (MOPE).
LP interview: British International Investment
British International Investment, formerly CDC Group, is doubling down on an already massive Asia program as it heeds the call for climate action. Specialist funds are the priority
Lighthouse leads $65m round for India's Medikabazaar
Lighthouse Funds has led a USD 65m funding round for Medikabazaar, an India-based B2B medical supplies marketplace, at a valuation of USD 700m.
Fund focus: India’s HealthQuad bulks up for Fund II
Indian health-tech VC firm HealthQuad has achieved a quantum leap in capacity to invest with its second vintage as foreign capital discovers the local opportunity set and thinks globally about impact
Tiger Global leads $40m round for India's Loadshare
Tiger Global Management has led a INR 3bn (USD 40m) Series C round for Indian logistics platform LoadShare.
India's AgroStar raises $70m Series D
Indian agriculture industry platform provider AgroStar has raised a $70 million Series D round led by Evolvence Capital, Schroders Capital, Hero Enterprise, and CDC Group.
CDC expands Asia footprint
UK development finance institution CDC Group, already an active investor in South Asia, has announced a strategic pivot toward the broader region with a special interest in Southeast Asia.
Deal focus: COVID-19 grows India’s Medikabazaar
Pandemic-driven demand for masks, ventilators, and the like has propelled Indian medical equipment operator Medikabazaar to its next stage of development with a global mix of investors
CDC backs Gobi's Pakistan fund
UK development finance institution CDC Group has provided an anchor commitment of undisclosed size to a Pakistan VC fund targeting $20 million from Gobi Ventures and local conglomerate Fatima Group.
CDC joins $75m round for India medical B2B marketplace
CDC Group has contributed $27.5 million to a $75 million Series C round for Medikabazaar, an Indian medical B2B marketplace and COVID-19 supply chain operator.
India blue-collar HR start-up gets $24m
Indian blue-collar workforce management platform BetterPlace has raised a $24 million Series C round led by CX Partners and Jungle Ventures.
CDC spinout seeks $500m for India secondaries fund
Stratford House Advisors, an India-focused secondaries investor established by two former executives from CDC Group, is looking to raise $500 million for a dedicated country fund.
Incofin hits $60m first close on India impact fund
Belgium-based Incofin Investment Management, which focuses on financial inclusion and developing market agri-food segments, has reached a first close of $60 million for an India impact fund.
DFIs help Nepal impact fund to $40m first close
Development finance institutions (DFIs) featured prominently in a $40 million first close for the second impact fund from Nepal-focused Dolma Fund Management. The target is $75 million.
CDC, FMO, SDC launch Nepal investment platform
European development finance institutions CDC Group and FMO and the Swiss Agency for Development and Cooperation (SDC) have jointly launched a market building platform in Nepal.
CDC doubles down on India's Ecom Express
UK development finance institution CDC Group has invested $20 million in Indian e-commerce player Ecom Express. It follows a $36 million investment from CDC last year.
Fundraising talent: New calls of duty
The trend toward more stringent due diligence in recent years has maximized fundraising complexity at a time when the professionals involved must adapt to unfamiliar virtual forums
CDC expands VC program with South Asia focus
UK development finance institution CDC Group has engaged two venture capital industry veterans as part of a VC program expansion in Africa and South Asia.
India renewables platform Ayana receives $70m
India’s Ayana Renewable Power has received $70 million in equity funding from a group of government-backed impact investors, including UK-based CDC Group.
CDC commits $10m to India’s Chiratae
UK-based development finance institution CDC Group has committed $10 million to the fourth fund being raised by India’s Chiratae Ventures.