India
India cabinet clears KKR for Gland Pharma deal
The Indian government has given KKR the go-ahead to acquire stakes in Gland Pharma and its affiliate Gland Celcus Bio Chemicals in a deal said to be worth around $230 million.
NVP raises $1.2b for global VC fund
Norwest Venture Partners (NVP) has reached a final close of $1.2 billion on its latest fund, which will make early to late stage venture and growth investments out of the US and via subsidiaries in India and Israel.
India's iYogi raises $28m Series E round
Axon Partners Group and Madison India Capital have teamed up with existing investors to provide a $28 million Series E round of funding for iYogi, an India-based technology support services provider.
Manish Chokani to head TPG Growth India
Manish Chokhani has been appointed chairman of TPG Growth India.
Matrix makes partial exit form India's Tree House
Matrix India has exited a portion of its holding in school management firm Tree House Education and Accessories, selling 4.84% stake in the company to local conglomerate Bajaj Holdings & Investment for INR504 million ($8.4 million).
Aion reaches $825m final close on India distress fund
India's Aion Capital Partners - a joint venture formed by Apollo Global Management and ICICI Venture - has reached an $825 million final close on its maiden special situations fund.
Tiger Global leads LimeRoad $15m Series B round
Tiger Global has led a $15 million Series B round of investment in LimeRoad, a social e-commerce site aimed at women in India.
Olympus leads $65m round for India's DM Healthcare - report
Indian hospital chain Aster DM Healthcare is said to be raising $65 million from existing backers Olympus Capital Asia and India Value Fund Advisors (IVFA).
Partners Group opens Mumbai office
Partners Group has opened its first India office in Mumbai, taking its total number of locations in Asia to six and 17 globally.
ADB commits $60m to OrbiMed's second Asia fund
The Asian Development Bank (ADB) is to commit up to $60 million to Orbimed Advisors' second Asian healthcare fund - OrbiMed Asia Partners II.
India's Multiples targets $500m for Fund II
Multiples Alternate Asset Management, the private equity firm set up by Renuka Ramnath after departing ICICI Venture, is said to be targeting around $500 million for its second India-focused fund.
Bessemer leads Series B round for India's TaxiForSure
Bessemer Venture Partners has led a $10 million Series B round of funding for Indian car rental and taxi booking site TaxiForSure.com.
India's Piramal commits $131m to Shriram City Union Finance
Piramal Enterprises - the flagship business of India healthcare conglomerate Piramal Group - has agreed to buy a 9.99% stake in private equity-backed non-banking finance company (NBFC) Shriram City Union Finance (SCFU) for INR7.89 billion ($130 million)....
Lok Capital exits India BPO firm
India-focused VC firm Lok Capital has made a partial exit from Bangalore-based business process outsourcing (BPO) firm, RuralShores, generating a money multiple of 6x.
PE-backed GMR Energy shelves IPO
GMR Energy (GMRE), an Indian energy firm backed by a consortium of private equity investors including Singapore sovereign wealth fund Temasek Holdings and IDFC Alternatives has withdrawn from its IPO.
GE invests $24m in India solar plant
GE Energy Financial Services (GEEFS), the energy-focused investment unit of General Electric, has committed $24 million to India's largest solar power project operated by Welspun Renewables Energy.
Sequoia provides Series A for India's SirionLabs
Sequoia Capital has agreed to provide $4.7 million in Series A funding to SirionLabs, a software-as-a-service (SaaS) provider based in India and the US.
Zephyr targets $60m Sri Lanka fund
Global emerging markets investor Zephyr Management is looking to raise up to $60 million for a Sri Lanka-focused private equity fund.
India's Kedaara seals debut deal
India-focused GP Kedaara Capital has made its first investment, taking a 23% stake in Mahindra Logistics for INR2 billion ($32.7 million).
TPG forms JV with Indian online player Smile
TPG Growth has formed a $100 million joint venture with Indian internet media company Smile Group to build businesses in Asia-Pacific, the Middle East and Africa.
IDG, Vertex lead $23m round for India's Yatra
IDG Ventures and Temasek Holdings-owned Vertex Ventures have led a INR1.4 billion ($23 million) round of funding for Yatra.com, a leading Indian online travel company.
Baring Asia sued by education provider
Baring Private Equity Asia is being sued by education provider Global Indian Schools Holdings - into which it agreed to invest $100 million - for allegedly conspiring to prevent the company from making acquisitions in a bid seize control.
Au Financiers raises $21m from existing investors
Indian non-banking financial company (NBFC) Au Financiers has raised $21 million from existing shareholders, including the promoters, through a preferential allotment of shares.
India's SIDBI invests in diabetes hospital
SIDBI Venture Capital has invested INR180 million ($3 million) in the India Kanungo Institute of Diabetes Specialities (KIDS) via its Samridhi Fund.