India
ADV commits $45m to Indian hospital chain, Invascent exits
ADV Partners has invested $45 million in Indian hospital chain Dr. Agarwal's Healthcare, providing an exit for existing backer Invascent Capital.
Sequoia closes fifth India fund at $920m
Sequoia Capital has closed its latest India fund – which has a minority allocation to Southeast Asia – at $920 million, comprising an $875 million institutional corpus and a GP commitment of $45 million.
Fund focus: New name, same agribusiness strategy
Following a spin-out from Cargill, the PE unit of Black River Asset Management has been renamed Proterra Investments Partners. The agriculture-focused remit is unchanged
Deal focus: Apis backs EPS to lead India ATM industry consolidation
Financial technology investor Apis Partners has committed $25 million to India-based ATM provider Electronic Payments & Services, with more available to support bolt-on acquisitions
LP interview: Hamilton Lane
In addition to an advisory business that targets large-scale LPs, Hamilton Lane has a discretionary portfolio geared towards the middle market. It expects Asian GPs in this space to adapt to changing dynamics
Olympus, CX Partners lead $60m round for India's Nspira
Olympus Capital Asia Credit and CX Partners' India mezzanine fund have led a INR4 billion ($59 million) round for Indian management service provider Nspira.
Jungle, Blume in $7.2m round for India's SnapBizz
Jungle Ventures, Blume Ventures, Konly Venture and Taurus Value Creation have led a $7.2 million round for India-based retail technology developer SnapBizz.
IVP leads $30m Series C for India, US-based Qubole
Qubole, a big data firm based in India and the US, has raised a $30 million Series C round led by Institutional Venture Partners (IVP).
Apis invests in India's EPS
Apis Partners has invested $25 million in Indian payments service provider Electronic Payments and Services (EPS).
Panel proposes reforms to boost domestic capital in India PE
A panel appointed by the Securities and Exchange Board of India (SEBI) has recommended tax law changes and regulatory reforms to ease fundraising for PE and VC funds.
SoftBank commits $14.7m to India's Housing.com
SoftBank has invested INR1 billion ($14.7 million) in Indian property listing platform Housing.com.
SAIF principals to form India early-stage fund
Two principals at SAIF Partners, Mukul Singhal and Rohit Jain, have left the company to start an early-stage venture capital fund of their own.
Deal focus: Abraaj builds on India healthcare foundation
The Abraaj Group buys India's CARE Hospitals from Advent International with a view to taking the business into new markets
SAIF, Norwest, Accel in $35m round for India's Swiggy
Indian food delivery platform Swiggy has raised $35 million in Series C funding from a group of investors, including existing backers SAIF Partners, Norwest Venture Partners and Accel Partners.
Bertelsmann leads round for Indian e-commerce platform
Indian e-commerce platform Kartrocket has raised a $6 million round led by Bertelsmann India Investments.
KKR exits stake in India's Dalmia Cement, invests in parent company
KKR has agreed to sell its stake in India's Dalmia Cement Bharat (DCBL) for INR6 billion ($89 million) to the parent company Dalmia Bharat (DBL), and to invest INR6.2 billion in DBL itself.
India's ChrysCapital reaches $350m first close on Fund VII
ChrysCapital has reached a first close of nearly $350 million on its seventh India fund. The vehicle, which launched last September, has an overall target of $600 million and a hard cap of $650 million.
Temasek leads $145m round for India's CarTrade
Singapore state-backed investment group Temasek Holdings and US-based March Capital have led a INR9.5 billion ($145 million) funding round for Indian online used car dealer CarTrade.
Carlyle promotes India-based Neeraj Bharadwaj to partner
The Carlyle Group has promoted Neeraj Bharadwaj, a Mumbai-based member of the firm’s Asia buyout team, to partner.
India's ShopClues raises GIC-led round at $1.1b valuation
Singapore's GIC Private has led a new funding round for Indian e-commerce start-up ShopClues that is said to value the company at more than $1.1 billion.
Abraaj to buy India's CARE Hospitals from Advent
The Abraaj Group has agreed to buy CARE Hospitals, India's fifth-largest healthcare provider from Advent International.
CDC commits $50m to India microfinance business Janalakshmi
Indian microfinance lender Janalakshmi Financial Services has raised INR3.3 billion ($50 million) from UK government-backed development finance institution CDC Group.
Lightbox commits $5m to Indian online jeweler Melorra
Lightbox Ventures has invested $5 million in Indian online jewelry retailer Melorra.
Deal focus: CreditAccess pursues multi-market scale in Asia
Olympus Capital commits $30 million to support the roll-out of CreditAccess Asia's microfinance business in new markets