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      Regional Reports

      The reports review the year's local private equity and venture capital activity and are filled with up-to-date data and intelligence on fundraising, investments, exits and M&A. The regional reports also feature information on key companies.

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Gaja Capital Partners

avcj-230913cvr-72
Weekly digest - September 13 2023

  • Region
  • 13 September 2023
education-test-maths
Portfolio: Gaja Capital and India’s Educational Initiatives

Educational Initiatives was not part of India’s pandemic-driven ed-tech explosion. The PE-owned company emerged from the chaos having reaffirmed its sustainable, school-facing business model

  • South Asia
  • 12 September 2023
avcj-221207cvr-72
Weekly digest - December 07 2022

  • Region
  • 07 December 2022
gopal-jain-gaja-2022
Profile: Gaja Capital’s Gopal Jain

Though pleased with India’s progress in the past 30 years, Gopal Jain set up Gaja Capital to help take it to the next level. He sees PE as a central pillar of economic growth and by extension national morale

  • South Asia
  • 06 December 2022
software-developer-computer-code-2
India's LeadSquared raises $153m Series C

Indian customer relationship management software-as-a-service (SaaS) provider LeadSquared has raised a USD 153m Series C round led by WestBridge Capital at a post-money valuation of USD 1bn.

  • South Asia
  • 22 June 2022
india-technology
2022 preview: India tech

As India’s technology sector balloons, investors are balancing confidence about fundamentals with expectations of pushback. Both will play out in 2022 to some extent

  • South Asia
  • 15 December 2021
india-globe-map
IFC to invest $25m in Gaja’s fourth India fund

The International Finance Corporation (IFC) has proposed a $25 million commitment to the fourth private equity fund from India’s Gaja Capital. The target corpus is $400 million.

  • South Asia
  • 25 March 2021
saas-software-enterprise
India SaaS: Global first

India’s enterprise software start-ups have traditionally ceded the spotlight to their consumer-facing peers, primarily because of their outlook – and their VC backers – are US-oriented. That is now changing

  • South Asia
  • 10 February 2021
saas-plan-techology-software
Gaja leads $32m Series B for India SaaS start-up

Gaja Capital has led a $32 million Series B round for India-based software-as-a-service (SaaS) provider LeadSquared.

  • South Asia
  • 17 December 2020
India supply chain player Xpressbees raises $110m

Indian e-commerce delivery start-up Xpressbees has raised INR8 billion ($110 million) from Investcorp, Norwest Venture Partners, and Gaja Capital.

  • South Asia
  • 10 November 2020
bank-hammer-piggy-break
PE & Asian banks: Once-in-a-decade opportunity

GPs like targeting banks during downturns, investing in stronger players at discount valuations and backing them to come out the other side with increased market share. Will it be more of the same with COVID-19?

  • GPs
  • 30 September 2020
india-gps-india-forum
Indian GPs tip more PE industry consolidation - AVCJ Forum

Indian private equity managers expect further industry consolidation as the survivors from the last wave refine their approaches to investment, including the slow crawl towards more control deals.

  • South Asia
  • 28 August 2020
elephant-walking-india
GP Profile: Gaja Capital

Gaja Capital has entrenched itself in the Indian private equity firmament by focusing on domestic mid-market businesses often overlooked by those looking to write larger checks

  • South Asia
  • 27 August 2020
rbl-bank-cubicle
Baring Asia leads $209m round for India’s RBL Bank

A consortium of investors led by Baring Private Equity Asia will invest INR15.6 billion ($209 million) for a 19.55% stake in listed Indian lender RBL Bank.

  • Financials
  • 21 August 2020
different-arrow-flow-countercyclical
India middle-market: Looking for positives

Private equity activity is gradually resuming as India’s economy emerges from lockdown, but investors are wary of paying too much for assets or putting their money behind unsustainable trends

  • South Asia
  • 20 August 2020
reliance-fresh-supermarket
Jio Platforms: Elephant in the room

India’s Jio Platforms has received substantial private equity backing as it looks to build a digital platform that is all things to all people, from cable to retail. Will it succeed?

  • South Asia
  • 28 May 2020
avcj-awards-2019-operational-value-add-gaja
AVCJ Awards 2019: Operational Value Add: EuroKids International

Gaja Capital put its India buyout philosophy to the test with EuroKids International in 2013. Operational improvements – and a lucrative exit – have vindicated the approach

  • South Asia
  • 24 March 2020
india-technology-mobile-men
India technology: The Jio effect

Nearly three months have passed since Reliance Industries launched Jio Platforms as a holding company for its digital and telecom businesses. Is it poised to reshape India’s technology landscape?

  • South Asia
  • 04 March 2020
avcj-india-2019-buyout
Growth investors enable India buyouts - AVCJ Forum

A proliferation of venture capital and private equity players as minority investors in Indian companies is having a knock-on effect on the availability of control deals, industry participants told the AVCJ India Forum.

  • South Asia
  • 05 December 2019
KKR buys majority stake in India's EuroKids from Gaja

KKR has acquired a majority stake in Indian education services provider EuroKids International, facilitating a full exit for local GP Gaja Capital with a 6x return.

  • South Asia
  • 06 September 2019
Q&A: Gaja Capital's Gopal Jain

Gopal Jain, co-founder and managing partner at Gaja Capital, discusses the growing appetite among US institutional investors for Indian private equity and the country’s attraction for US strategic players

  • South Asia
  • 03 July 2019
India's Kinara raises $14m funding round

Indian non-banking finance company (NBFC) Kinara Capital has raised INR1 billion ($14.3 million) from a group of investors including Gaja Capital, Gawa Capital, the Michael and Susan Dell Foundation, and US-based VC firm Patamar Capital (formerly Unitus...

  • South Asia
  • 10 May 2019
India macro: Steady as she goes

India’s economy is expected to remain stable in the face of global volatility, but trouble spots remain. Investors must structure their portfolios carefully to ensure they are not caught off guard by sudden shocks

  • South Asia
  • 28 November 2018
India GPs focus on investee alignment – AVCJ Forum

Investment and exit opportunities in India’s private equity market continue to improve, thanks in part to growing confidence among GPs in their ability to partner with portfolio companies through crucial stages of development.

  • South Asia
  • 16 November 2018
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