India
KKR, GIC launch real estate-focused India NBFC
KKR has launched its second Indian non-banking financial company (NBFC), teaming up with Singapore’s GIC Private to focus on providing structured credit solutions for real estate developers.
India's Lenskart raises $22m in Series C funding
Valyoo Technologies, the Indian start-up behind online eyewear retailer Lenskart, has raised INR13.5 billion ($21.9 million) in Series C funding led by TPG Capital's growth unit.
Multiples completes exit from South Indian Bank
India’s Multiples Alternate Asset Management has fully exited South Indian Bank (SIB), selling its remaining 3.67% stake for INR1.51 billion ($23.8 million).
PE-backed Indian retailer Monte Carlo sinks below IPO price
Shares of Samara Capital-backed Indian apparel brand Monte Carlo Fashions remain at a 9% deficit to the IPO price despite a small rally on December 22, the second day of trading.
India's Flipkart raises $700m round
Indian e-commerce giant Flipkart has completed another round of funding worth $700 million from a combination of new and existing investors. The company has now raised $1.9 billion in 2014 and around $2.8 billion since inception.
Harjit Bhatia rejoins Asia Growth Capital Advisors
Harjit Bhatia has returned to Asia Growth Capital Advisors (AGCA) as executive chairman. He left the firm in 2012 to become managing partner and CEO at PineBridge Asia Partners.
India Value Fund exits Radio City to trade buyer
India Value Fund Advisors (IVFA) has exited Music Broadcast, which runs FM radio station Radio City, to Jagran Prakashan, a listed Indian media conglomerate backed by The Blackstone Group.
Carlyle starts a new chapter with Newgen
When The Carlyle Group first parted ways with India-based publishing and technical services provider Newgen KnowledgeWorks in 2011 it was on good terms.
The crystal ball: Predictions for 2015
From China and India to Southeast Asia and Japan, private equity professionals give their perspectives on the year to come for fundraising, investments and exits
2014 in review: A year of record-setting
Strong capital markets facilitate bumper exit activity; pan-regionals, venture capital dominate fundraising; China’s leads revival in growth capital investment, with Korea still buyout central
Five trends for 2015
After a mixed 2013, Asian private equity has enjoyed an impressive 2014. But what do the next 12 months have in store? Here are some ideas…
SoftBank leads $90m round for India's Housing.com
SoftBank Group is leading a $90 million round of funding for Locon Solutions, operator of property listing platform Housing.com. It will become the largest investor in the business.
OPIC commits $42m to Lighthouse's India fund
The Overseas Private Investment Corporation (OPIC), a development finance arm of the US government, has committed up to $42 million to Lighthouse Funds’ second India vehicle.
India's Linkstreet raises Series A round from Faering
Faering Capital has provided a Series A round of funding for Linkstreet, an Indian start-up that has developed a cloud-based video learning and collaboration platform for the healthcare and education sectors.
NEA commits $5m to India's RezNext
New Enterprise Associates (NEA) has invested $5 million in India's RezNext Global Solution, a platform for managing hotel bookings.
India's IDFC, Russia's RDIF to invest $1b in infrastructure
IDFC and the Russia Direct Investment Fund (RDIF) will together invest $1 billion in infrastructure and related industries with a view to accelerating economic cooperation between Russia and India.
Oman-India fund commits $15.3m to India's GSO Crop Science
The Oman India Joint Investment Fund (OIJIF) has invested INR950 million ($15.3 million) in GSP Crop Science, an Indian agro-chemicals company.
Indian states ban VC-backed taxi apps following rape case
India's state governments have been instructed to ban all unregistered web-based taxi booking services - impacting VC-backed start-ups like Ola and TaxiforSure - following a rape involving a driver contracted by US-based Uber.
IFC to invest $100m in India's Axis Bank
The International Finance Corporation (IFC), an investment arm of the World Bank, has pledged to invest up to $100 million in India's Axis Bank.
AVCJ Awards: Deal of the Year - Venture Capital: Flipkart
Flipkart received $1 billion in funding from a consortium of investors in July. It is ammunition for the arms race currently consuming India’s e-commerce industry
RBI to allow India's AIFs to invest overseas
The Reserve Bank of India (RBI) has said it will allow alternative investment funds (AIFs), to invest overseas.
Q&A: Rabo Equity Advisors' Rajesh Srivastava
Rabo Equity Partners is in the process of raising its second India agribusiness fund. Rajesh Srivastava, a managing director at the firm, offers his views on the tailwinds and headwinds driving the sector
Tech valuations: Ill-fated inflation?
As valuations in the tech space continue to soar, comparisons are inevitably drawn with the dotcom bubble era. Asia can point to favorable fundamentals, but it remains to be seen whether the exuberance is justified
The trust factor: Repeat buying in Asian PE
Navis Capital Partners completed a management buyout of Dome Coffees Australia in 2003. The business grew and Navis prospered, securing a 3.5x return on exiting the asset via another management buyout five years later. Fast forward to September 2014 and...