India
VC secondaries: How early?
Assessing venture capital secondaries – on a direct or LP interest basis – presents a different set of challenges to private equity transactions. The key factors are transparency and timing of entry
Deal focus: S Chand unlocks digital doors
IFC and Everstone support S Chand's plans to take India educational publishing firmly into the digital age
India PE primed for a pay-off - AVCJ Forum
While India's private equity industry has been slow to deliver rewards to LPs, the groundwork has been laid for investors to see returns in the near future, industry participants told the AVCJ India Forum.
India's Next Orbit seeks $750m for VC fund
India-based Next Orbit Ventures (NOV) is targeting $750 million for its second fund, which will target the electronics systems design and management.
Indian government plans $1b renewables fund
The Indian government wants to raise a $1 billion private equity fund focused on renewable energy, according to Piyush Goyal, minister responsible for power, coal and renewable energy.
Bain exits India's Hero Motocorp for $117m
Bain Capital has fully exited Hero Motocorp, India’s largest motorcycle and scooter manufacturer, selling its remaining stake for INR7.7 billion ($117 million).
SoftBank leads $120m round for India's Grofers
Indian hyperlocal delivery service Grofers has raised $120 million in Series C funding led by SoftBank Corp.
IFC, Everstone back India educational publisher
The International Finance Corporation (IFC) has led a funding round for Indian textbook publisher S Chand, with participation by existing investor Everstone Capital.
Mitsui commits $52m to India's Naaptol
Mitsui & Co. Global Investment, the VC arm of Japanese conglomerate Mitsui, has invested another INR3.4 billion ($52 million) in Indian TV shopping and e-commerce platform Naaptol.
Q&A: IDFC Alternatives' MK Sinha
M.K. Sinha, CEO of IDFC Alternatives, explains how the firm has been focusing on private equity exits, gradual accumulation of assets in infrastructure, and opportunistic openings in real estate
India carve-outs: A larger slice
Corporate carve-outs are on the rise in India as companies divest due to financial pressure or strategic rationale. To get these deals, PE firms must demonstrate operational capability and corporate sensitivity
India IT services: The digital divide
India’s IT services providers firms have moved beyond their humble beginnings to encompass a wide range of outsourced functions. Private equity backers will continue to be key to their evolution
India financial services: Proxy play
A sizeable portion of the PE capital entering Indian financial services has targeted wealth management as local players look to scale up their offerings on the back of growing private wealth
India tech M&A: Treading water
India’s internet giants are becoming more acquisitive, but they still play a minor role in VC firms’ planning. To raise their influence these companies first need to stabilize their own operations
A public affair: India IPOs
Private equity-backed IPOs are undergoing a revival in India, but innate volatility means they are just one of multiple exit options that GPs should consider
NEA, Accel commit $12.5m to India's MindTickle
Accel Partners and New Enterprise Associates (NEA) have invested $12.5 million in a Series A round of funding for Indian business training and networking platform MindTickle.
Bessemer leads $25m round for India's UrbanClap
Bessemer Venture Partners has led a $25 million Series B funding round for Indian local services marketplace UrbanClap.
Kalaari commits $4m to India's ScoopWhoop
Kalaari Capital has invested $4 million in Indian internet news and media outlet and production company ScoopWhoop.
India's NSR promotes Arvind Malhan to partner
Indian growth-stage private equity firm New Silk Route (NSR) has promoted Arvind Malhan to partner.
OrbiMed exits India's Ecron Acunova for $17.4m
Indian life-science technology company Take Solutions has agreed to pay INR1.15 billion ($17.4 million) for Ecron Acunova (EA), providing an exit for healthcare-focused private equity firm OrbiMed Advisors.
India's Ola receives $500m Series F round
India ride-hailing service Ola has completed a Series F round of funding, raising $500 million at a reported valuation of around $5 billion.
KKR buys controlling stake in India's Avendus
KKR has bought a 70% stake in Indian financial services firm Avendus Capital for an undisclosed sum.
Sequoia, Lightspeed lead $34m round for India's Craftsvilla
Sequoia Capital and Lightspeed Ventures have led a $34 million Series C round for Indian online ethnic products marketplace Craftsvilla.
Premji, Temasek pay $296m for stake in ICICI's life insurance unit
PremjiInvest - the family office of Wipro Enterprises chairman Azim Premji - and Singapore's Temasek Holdings have agreed to pay INR19.5 billion ($296 million) for a 6% stake in the life insurance unit of ICICI Bank.