India
ADIA commits $83m to India's Aditya Birla Health Insurance
Abu Dhabi Investment Authority (ADIA) has agreed to invest INR 6.6bn (USD 83.5m) in India’s Aditya Birla Health Insurance (ADBHI) for a 10% stake.
India’s CleverTap raises $105m Series D
India and US-based customer engagement platform CleverTap has raised a USD 105m Series D round led by Caisse de depot et placement du Quebec (CDPQ).
India edtech player UpGrad raises $210m
UpGrad, an India-based education technology company set up by media maven Ronnie Screwvala, has raised USD 210m featuring Temasek Holdings and education-focused private equity firm Kaizen.
Singapore's Capital Square revises StarTek take-private bid
Singapore-based private equity firm Capital Square Partners is continuing its bid to privatise US-listed outsourced customer engagement platform StarTek, having revised its targeted valuation downwards in the wake of market volatility.
India's SquadStack raises $17.5m Series B
India’s SquadStack, a telemarketing technology provider, has raised a INR 1.4bn (USD 17.5m) Series B round led by Bertelsmann India Investments.
Profile: Anil Ahuja
After pioneering Indian private equity and helping launch some of the biggest movers and shakers in the region, Anil Ahuja called it quits. In some ways, the postscript has been more rewarding
Asia agtech: Work in progress
Global food supply issues and local economic realities are driving more capital into Asia’s agricultural technology space, where business models – from marketplaces to deep-tech – are still being proven
India fintech app Dezerv raises $21m Series A
Accel has led a USD 21m Series A round for Indian retail investment services app Deserv with support from existing investors Elevation Capital and Matrix Partners India.
Uber, Tiger make Zomato realisations
Uber has fully exited its stake in India-based food services platform Zomato, which completed a domestic IPO just over 12 months ago, while Tiger Global has sold down part of its position.
India's WebEngage gets $20m Series B
Singularity Growth Opportunities Fund and SWC Global have led a USD 20m Series B round for WebEngage, an India-based start-up specialising in customer retention and relationship management.
Proparco commits $25m to India's Northern Arc
French development finance institution Proparco has invested USD 25m in debt in India’s Northern Arc Capital, a microfinance and small business lender with several private equity backers.
Omnivore exits India agtech player Eruvaka
Indian agriculture technology specialist Omnivore Partners claims to have achieved the country’s largest exit in the sector to date with the sale of aquaculture start-up Eruvaka to Dutch strategic Nutreco.
Carlyle, Advent commit $1.1b to India's Yes Bank
The Carlyle Group and Advent International have together invested USD 1.1bn in India’s Yes Bank, acquiring equity shares and warrants that could enable them to own up to 20% of the lender.
India's ASG Eye Hospitals gets $188m from Kedaara, GA
Indian optometry chain ASG Eye Hospital has raised a INR 15bn (USD 188m) round led by Kedaara Capital and General Atlantic, setting up an exit for Investcorp.
Deal focus: Prosus looks to aggregate India’s fruit farmers
B2B marketplaces are the prevalent theme in Prosus Ventures’ agricultural technology investments in Asia. However, as fruit specialist Vegrow demonstrates, supply chain dynamics are not uniform
India's ChrysCapital adds US-based operating partner
India's ChrysCapital Partners has appointed Sanjay Jalona, formerly CEO of the IT division of Indian engineering conglomerate Larsen & Toubro, as an operating partner based in the US.
Mutiples commits $30m to India neo-banking platform
Multiples Alternate Asset Management has invested USD 30m in India-based neobank Niyo, entering on the heels of a USD 100m Series C round that closed in February.
Fund focus: Lightspeed ramps up in India, Southeast Asia
Lightspeed Venture Partners is leaning hard into developing Asia with long-range vision, added operational resources, and a new USD 500m war chest
India blockchain player raises $100m Series A
India’s 5ire, a one-year-old blockchain infrastructure provider focused on promoting sustainable crypto-relate practices, has raised USD 100m in Series A funding at a valuation of USD 1.5bn.
India SaaS player Detect Technologies closes $28m Series B
Detect Technologies, an India-based software-as-a-service (SaaS) start-up with a suite of artificial intelligence-enabled products that help enterprise customers assess risk exposure, has raised USD 28m in Series B funding.
India credit card player OneCard raises $100m
India’s OneCard, which operates a credit scoring platform and issues own-branded credit cards, has raised a USD 100m round led by Temasek Holdings.
Lightspeed raises $500m for India, Southeast Asia
Lightspeed India Partners, which also targets Southeast Asia, has closed its fourth early-stage VC fund with USD 500m in commitments.