India
TPG sells Shriram City Union Finance stake to Apax
TPG Capital has sold its 20.37% stake in Indian non-banking finance company Shriram City Union Finance (SCUF) to Apax Partners. Based on the May 12 closing price of INR1,719, it was worth around INR23 billion ($360 million).
CEO of India's Housing.com transfers all his shares to staff
Rahul Yadav, the controversial CEO of VC-backed Indian property listing platform Housing.com, has said he will transfer all his shares in the company to its employees.
Mandala commits $15m to India's Godavari Biorefineries
Mandala Capital has invested $15 million in India's Godavari Biorefineries, a producer of foods, biofuels, specialty chemicals and power.
SIDBI, Maharashtra government form $31m start-up fund
The government of the Indian state of Maharashtra has paired with the Small Industries Development Bank of India (SIDBI) to set up a INR2 billion ($31.1 million) venture fund for micro, small and medium enterprises (MSMEs).
India e-commerce: Grocery growth spurt
There has been a proliferation of start-ups in India’s online grocery sector, and investors have taken notice. But the companies that survive in the harsh competition to come will have to be tough
India IPOs: Staying afloat
India’s public markets are at record highs, but IPO activity remains lackluster. Investors want an overhaul of the listings approval process and a regulatory system that is suited to PE and VC-backed companies
Lightspeed to raise dedicated India venture fund
US-based Lightspeed Venture Partners is looking to raise $115 million for its first India-focused fund.
Nexus raises $434m for two India VC funds
Nexus Venture Partners has closed its fourth India venture capital fund at $304 million and raised a further $130 million for a top-up fund focusing on later-stage investments in existing portfolio companies.
VC investors commit to Indian online education start-ups
Two Indian online education start-ups have received venture capital funding, with Toppr raising a $10 million round led by Fidelity Growth Partners and Vedantu attracting $5 million in Series A funding from Accel Partners and Tiger Global.
Indian's Box8 raises $3.5m Series A from Mayfield
US early stage investor Mayfield has led a INR210 million ($3.3 million) Series A round of funding for Poncho Hospitality, the start-up behind Indian quick service restaurant (QSR) chain and on-demand food delivery services firm Box8.
India's Delhivery gets $85m Series D round
Tiger Global has led a Series D round for Indian e-commerce logistics service Delhivery that netted the company $85 million. Existing investors Multiples Alternative Asset Management, Nexus Venture Partners and Times Internet also participated.
Softbank-backed Housing.com sees boardroom spat resolved
Rahul Yadav, the CEO of Indian property listing platform Housing.com has withdrawn his resignation from the start-up and issued an apology to its VC investors - which include SoftBank - after a very public spat.
Actis agrees exit from India's Phoenix Lamps
Private equity firm Actis has reached an agreement to exit its stake in Indian automotive lighting manufacturer Phoenix Lamps to cable maker Suprajit Engineering.
LP interview: CDC Group
Four years ago, controversy and political pressure forced the UK’s CDC Group into a major shift in strategy. Managing Director Alagappan Murugappan explains how the development fund has evolved since then
PE-backed Numero Uno files for India IPO
Indian apparel retailer Numero Uno Clothing has filed for an IPO, hoping to raise INR650 million ($10 million) and providing a partial exit for its backer, AA Indian Development Capital Advisors.
India's Fortis to sell Singapore unit for $83.5m
India's Fortis Healthcare will sell its Singapore-based diagnostics arm RadLink-Asia to Fullerton Healthcare Group for S$111 million ($83.5 million).
Rocket's FoodPanda raises a further $100m
Goldman Sachs has led the latest funding round for Rocket Internet's emerging markets-focused food delivery app FoodPanda, netting the company $100 million.
VC-backed PropTiger buys local rival Makaan
Indian property marketing platform PropTiger, which is backed by Accel Partners, Horizen Ventures and SAIF Partners, along with News Corp, has bought online property listing and classifieds website Makaan for an undisclosed amount.
Tuscan Ventures exits India's LCL Logistix to strategic investor
Tuscan Ventures has exited its entire interest in LCL Logistix India to the logistics arm of France-based CMA CGM, the world’s third-largest container shipping company.
India's BuyingIQ bought by VC-backed CarDekho
Price comparison portal BuyingIQ has been bought for an undisclosed sum by Girnar Software, parent company of auto marketplace CarDekho, which is supported by Hillhouse Capital and Sequoia Capital.
Mitsui leads $21m round for India's Naaptol
Japanese trading house Mitsui has led a INR1.36 billion ($21 million) round for India home shopping and e-commerce start-up Naaptol Online Shopping. Existing investors New Enterprises Associates (NEA), Canaan Partners and Saama Capital also took part....
J.P. Morgan buys Canaan's India portfolio
J.P. Morgan Asset Management has acquired Canaan Partners’ India venture capital portfolio through a secondary transaction said to be worth around $200 million.
SAIF leads $3.5m Series A for India start-up tracker
Tracxn, an Indian data analytics firm that aims to be the "Gartner of start-ups," has raised a $3.5 million Series A round led by SAIF Partners.
Greycroft, Fidelity lead $6m round for India's Icertis
Indian cloud enterprise start-up Icertis has raised $6 million in a Series A round led by Greycroft Partners and Fidelity Growth Partners India.