India
India's TVS Capital commits $12.9m to Prabhat Dairy
TVS Capital Funds has bought a 7.6% stake in recently-listed milk products manufacturer Prabhat Dairy, for INR850 million ($12.9 million).
Carlyle exits India's Elitecore to Sterlite
Indian optical fiber and power cable producer Sterlite Technologies has bought telecommunication software developer Elitecore Technologies from The Carlyle Group.
India home healthcare provider gets $37.5m
Accel Partners has led a $37.5 million Series B round for home healthcare start-up Portea Medical, with participation from the International Finance Corporation (IFC), Qualcomm Ventures, and Ventureast.
ESG in infrastructure: Laying the groundwork
Environmental regulations in Asia are not keeping track with the needs of local markets. PE professionals say investors can take the lead in developing and enforcing necessary standards
Bain invests $199m in India's L&T Finance
Bain Capital has acquired a 10.3% stake in L&T Finance Holdings, the financial services unit of Indian engineering conglomerate Larsen & Toubro (L&T), for approximately INR13.04 billion ($199 million).
India's Trifecta reaches $30m first close on venture debt fund
Trifecta Capital, the venture debt firm set up by former Canaan Partners Managing Director Rahul Khanna, has reached a first close of INR2 billion ($30 million) on its debut fund.
BlaBlaCar raises $200m for emerging markets push
Insight Venture Partners and Lead Edge Capital have led a $200 million Series D round for French ride-sharing start-up BlaBlaCar to fuel its push into emerging markets.
ADV in $545m final close on debut Asia fund
ADV Partners has reached a final close of $545 million on its debut pan-regional fund, exceeding the $500 million target. Approximately 30% of the corpus has already been deployed.
IVFA in part-exit from India's UEM as Toshiba raises stake
Toshiba Corporation has increased its stake in India-based water supply and treatment business UEM to 80%, facilitating a partial exit for India Value Fund Advisors (IVFA), which has backed the company since 2009.
Blackstone buys back India BPO unit from Serco for $387m
The Blackstone Group has agreed to buy the majority of Serco Group’s India-based business process outsourcing (BPO) operations for GBP250 million ($387 million). The major asset in the deal is the former Intelenet business, which Blackstone sold to Serco...
Everstone closes third India fund at $730m
Everstone Group has closed its third fund – which focuses on India as well as overseas businesses that benefit from rising Indian domestic consumption – above target at $730 million.
India's PE-backed Dr Lal PathLabs files for IPO
Indian medical diagnostic service chain Dr. Lal PathLabs has filed for an IPO, providing part exits for its PE backers WestBridge Crossover Fund and TA Associates.
Falcon Edge leads $225m round for India's Ola
Indian ride-hailing service Ola has raised $225 million in funding led by existing investor Falcon Edge Capital, in the opening tranche of a planned $500 million round.
India's PE-backed TeamLease files for IPO
Indian staffing services company TeamLease has filed for an IPO, providing a partial exit for backers Gaja Capital and ICICI Venture.
Eight Roads commits $15m to India's CredR
Indian used motorbike marketplace CredR has raised a $15 million Series A round from Eight Roads Venture, formerly called Fidelity Growth Partners.
Kalaari closes third India VC fund at $290m
Kalaari Capital has closed its third venture capital fund, Kalaari Capital Partners III, at $290 million. The fund will invest in early-stage Indian technology-oriented companies.
Kalaari leads $9m round for India's Industrybuying
Kalaari Capital has led a INR600 million ($9 million) Series B round for Indian B2B online marketplace Industrybuying.com, with participation by SAIF Partners and Beenext.
Creador reaches $250m first close on Fund III
Southeast Asia and India-focused GP Creador has reached a first close of $250 million on its third fund. A final close around the target of $450 million is expected around the end of the year.
Carlyle buys stake in India's Metropolis Healthcare
The Carlyle Group has agreed to buy a 37% stake in medical diagnostics chain Metropolis Healthcare, ending a dispute among the company's current ownership.
Ratan Tata joins IDG Ventures India as advisor
Ratan Tata - chairman emeritus of Tata Sons, holding company for India conglomerate Tata Group - has joined IDG Ventures India as a senior advisor.
Everstone buys Hindustan Unilever's bakery business
Everstone Capital has agreed to buy India-based Hindustan Unilever’s bread and bakery business for an undisclosed sum.
Temasek, Vy Capital lead $60m round for India's Zomato
Temasek Holdings and existing investor Vy Capital have committed $60 million in funding to Indian online restaurant and event guide Zomato.
Founder of Japan's Beenos launches $60m Asia VC fund
The founder of Japanese e-commerce company Beenos, Teruhide Sato, has a launched a $60 million venture capital fund that will support internet and mobile start-ups in India, Southeast Asia, Japan and the US.
Warburg Pincus leads round for India's Capillary Technologies
Warburg Pincus has led a $45 million Series C round of funding for Capillary Technologies, an Indian cloud-based software provider that focuses on customer relationship management (CRM) solutions.