India
Indian LPs: Commitment issues
Proposed reforms of investment guidelines for India’s pension system suggest that more domestic capital could flow into the asset class. But is the country’s wider LP community really warming up to PE?
Apax to exit iGate as Capgemini agrees $4b acquisition
French IT services company Capgemini will pay $4 billion to acquire US and India-based technology and service provider iGate, facilitating a 3.7x exit for iGate's PE backer, Apax Partners.
Japan's Rebright launches $20m fund for India start-ups
Rebright Partners - an early-stage investor backed by a consortium of Japanese internet companies - has formed a JPY2.4 billion ($20 million) fund to invest technology start-ups in India.
TPG Growth closes third global fund at $3b
TPG Capital has reached a final close of $3 billion on its third global middle market and growth equity fund. The initial target was $2.75 billion.
Advent, Temasek to buy Crompton Greaves' consumer unit
Advent International and Temasek Holdings have agreed to buy a 34.37% stake in the consumer products unit of India’s Crompton Greaves from Avantha Group. The deal values the business at INR66 billion ($1.07 billion).
SEBI considers allowing India VC funds to boost overseas exposure
The Securities and Exchange Board of India (SEBI) is to revise rules governing locally-registered VC funds, allowing them to invest up to a quarter of the their capital overseas - provided the companies hold some operations in India.
Ratan Tata buys stake in China's Xiaomi
Ratan Tata, chairman emeritus of the company that controls Tata Group, has invested an undisclosed sum in VC-backed Xiaomi, the first investment by any Indian in the Chinese smart phone maker.
Accel, SAIF in $12m Series B round for Coverfox
Indian online insurance marketplace Coverfox has raised a INR750 million ($12 million) Series B round from existing investors Accel Partners and SAIF India.
Biocon to list IVFA-backed India CRO unit
Indian biopharmaceutical firm Biocon has filed for an IPO for its research arm Syngene International, which is backed by India Value Fund Advisors (IVFA).
Blackstone set for part exit as India's Nuziveedu files for IPO
Indian seeds producer Nuziveedu Seeds has filed for a domestic IPO, which is expected to facilitate a partial exit for The Blackstone Group, an investor in the company since 2008.
Sequoia leads $18m round for India handicraft site
Sequoia Capital has led an $18 million round for Indian online handicraft market place Craftsvilla.com. Global Founders Capital, a VC firm set up by Rocket Internet's Samwer brothers, also took part.
Mayfield leads Series C for Indian education tech start-up
Mayfield has led a $15 million Series C round for Indian IT certification start-up Simplilearn, with participation from previous investors Kalaari Capital and Helion Venture Partners.
Profile: Kalaari Capital's Vani Kola
It has been nearly a decade since Vani Kola, managing director of Kalaari Capital, went from being Silicon Valley entrepreneur to an India venture capitalist. The big move appears to have paid off
Investors pay big for India grocery exposure
The last year has seen an explosion of interest in India’s grocery delivery apps. Customers order food and other goods on their smart phones; the order goes to a buyer, who purchases the goods and then delivers them to the customer’s home. The approach...
Two sides of a stock market boom
April is barely 20 days old and the capital generated through share placements and sell-downs by PE investors is already at its third-highest quarterly level in two years. That’s what happens when public markets go into overdrive.
India's MakeMyTrip buys VC-backed Mygola
Indian travel site MakeMyTrip has acquired VC-backed travel planning startup Mygola.
Everstone hires two new managing directors
India and Southeast Asia-focused Everstone Capital has appointed Roshini Bakshi and Rajev Shukla, formerly of Disney and Unilever, respectively, as managing directors on its operations team.
I Squared closes debut global infra fund at $3b
I Squared Capital, a private equity firm set up by former Morgan Stanley managers, has closed its first global infrastructure fund at $3 billion.
India's Freshdesk raises $50m Series E from existing investors
Online customer support start-up Freshdesk has raised $50 million in Series E funding from existing investors Tiger Global Management, Google Capital and Accel Partners.
India classifieds platform raises $28m from GIC, Norwest
Singapore’s GIC Private has led a Series C round of funding worth INR1.75 billion ($28 million) for Sulekha.com, an India-based classifieds platform based in India. Existing investor Norwest Venture Partners (NVP) also participated.
India's Robosoft gets Series B round, spins out subsidiaries
Indian mobile app developer Robosoft will spin off its subsidiaries after receiving a INR740 million ($11.8 million) Series B round led by Ascent Capital, with participation by existing investor Kalaari Capital.
Temasek invests $151m in India's Glenmark Pharma
Singapore state-backed investment group Temasek Holdings has invested INR9.45 billion ($151 million) in India's Glenmark Pharma via a preferential allotment of shares.
India's IDFC targets $400m private equity fundraise
IDFC Alternatives is preparing to launch its latest private equity fund soon, which will have a target of $400 million.
India taxi-booking service Ola closes Series E round at $400m
Indian taxi-booking service Ola - operated by ANI Technologies - has closed its latest Series E round of funding at $400 million, valuing the company at $2.4 billion. The round was led by DST Global.