India
Reputational due diligence: No stone unturned
Thorough reputational due diligence can find both potential deal-breakers and opportunities for improvement. Are PE firms taking it to the necessary depth in emerging markets like India?
Profile: Trifecta's Rahul Khanna
Rahul Khanna drew on his experiences in Silicon Valley to identify and then fill a gap in India’s VC landscape. The result was Trifecta Capital, the country’s first venture debt fund
CPPIB, Kotak form $525m India distressed asset vehicle
Canada Pension Plan Investment Board (CPPIB) will partner with Kotak Mahindra Group to invest up to $525 million in distressed assets in India.
JC Flowers, Ambit form India stressed asset JV
US-based private equity firm J.C. Flowers will form a joint venture with India's Ambit Holdings to buy stressed assets in India.
India cloud enterprise start-up Icertis raises $15m
Icertis, a provider of cloud-based contract management software based in India and the US, has raised a $15 million Series B round.
India's Paragon reaches $50m first close on maiden fund
Paragon Partners, an India-based mid-market private equity firm founded last year, has reached a first close of $50 million on its debut fund.
UK’s Amadeus leads Series C round for IndiaMART
Amadeus Capital Partners has made its first direct investment in India by leading a Series C round for business-to-business (B2B) classified listing marketplace IndiaMART.
India's Crompton Greaves sells offshore assets for $126m
India-based electrical equipment manufacturer Crompton Greaves has agreed to sell its offshore businesses to US-based PE firm First Reserve International for EUR115 million ($126 million).
CDPQ establishes India office
Caisse de dépôt et placement du Québec (CDPQ) has founded its India office and committed to invest $150 million in renewable energy in the country.
Indian healthcare: Booster shots
Technological progress and changing consumer habits are bringing long-overdue change to India’s overworked healthcare system. Taking advantage will mean mastering the unique challenges of the market
Kotak Mahindra Group raises $237m for Indian realty
India’s Kotak Mahindra Group has closed a commitment of INR16 billion ($237 million) from institutional investors for equity investments in realty projects.
Ex-Advent executive Avnish Mehra joins Everstone
India-focused GP Everstone Capital has hired Avnish Mehra, former India country director at Advent International, as a managing director for its private equity business.
India's KartRocket ups Series B by $2m
Indian e-commerce platform KartRocket has raised $2 million, adding to the company's Series B round announced in January.
G.S.K. Velu launches India VC fund
G.S.K. Velu, a former promoter of medical diagnostic chain Metropolis Healthcare, has launched a $100 million venture capital fund.
Accel leads $3m Series A round for India's Ninjacart
Accel Partners has led a $3 million Series A round for Indian business-to-business (B2B) online marketplace Ninjacart.
India's Access buys network solutions provider Teleysia
Access Asset Managers has taken a controlling interest in Indian wireless telecom consultancy Teleysia Networks.
AION supports buyout of GE's India commercial lending business
GE Capital will sell its India commercial lending and leasing businesses to a consortium led by AION Capital Partners.
Pfingsten closes Fund V at $382m
Pfingsten Partners, a US-based GP with a presence in China and India that reflects its manufacturing-focused remit, has closed its fifth middle-market fund at $382 million, exceeding the target of $350 million.
Indian e-commerce site Hopscotch secures $13m
Facebook co-founder Eduardo Saverin has led a $13 million Series C round of funding for a technological expansion of Hopscotch, an online retailer of baby and children’s products targeting Indian mothers.
CPPIB ups stake in India's Kotak Mahindra Bank
Canada Pension Plan Investment Board (CPPIB) has invested INR11.5 billion ($170 million) in India's Kotak Mahindra Bank, picking up a stake held by Japan's Sumitomo Mitsui Banking Corporation.
India budget promotes start-ups, boosts public investment
India's newest Union Budget will provide incentives to the country's entrepreneurs and a mixed bag of measures for the investment industry.
CalPERS sells $127m stake in India's Axis Bank
California Public Employees' Retirement System (CalPERS) has sold a stake in India’s Axis Bank worth about INR8.7 billion ($127 million) to Genesis Indian Investment Company.
BanyanTree invests $9m in India's Safex Chemicals
BanyanTree Finance has invested INR600 million ($9 million) in New Delhi-based farming pesticides and agrochemicals manufacturer Safex Chemicals.
Matrix leads $5m Series A for India's OfBusiness
Indian business-to-business (B2B) e-commerce platform OfBusiness has raised a $5 million Series A round led by Matrix Partners India.