India
ADIA leads $210m Series E for India's DealShare
Abu Dhabi Investment Authority (ADIA) has contributed USD 45m to a USD 210m Series E round for Indian social e-commerce start-up DealShare at a valuation of USD 1.7bn.
India's Chiratae seeks USD 700m for VC, growth funds
Chiratae Ventures is looking to raise USD 700m for deployment in India’s technology sector with the addition of an opportunity fund – to participate in mid to late-stage rounds – alongside its core VC vehicle.
India's Uniphore raises $400m Series E
New Enterprise Associates (NEA) has led a USD 400m Series E round for Uniphore, an India and US-based artificial intelligence (AI) technology developer focused on speech recognition.
Blackstone buys majority stake in Indian wealth manager
The Blackstone Group has acquired a majority stake in Indian wealth manager Ask Investment Managers, taking out positions held by Advent International and other investors.
LP interview: Adams Street Partners
Adams Street Partners believes having a close-knit Asia team, which cuts across geographies, sectors, and stages, informs a big-picture view that enables it to look beyond near-term dislocations
India consumer media: Showtime
Investors navigate slim margins and a complex cultural landscape as new digital channels help Indian media rebound from COVID-19. Sector leaders are flirting with global expansion, but is it too early?
AVCJ Awards 2021: Exit of the Year – Mid Cap: Infogain
ChrysCapital has realized its largest-ever exit from a single-fund investment with IT services provider Infogain. In the process, it opened one of private equity’s richest cross-border opportunity sets
India logistics player Xpressbees raises $300m
The Blackstone Group, TPG Capital, and ChrysCapital Partners have participated in a USD 300m round for Xpressbees, an Indian logistics start-up established by the team behind mother-and-baby retailer FirstCry.
India B2B e-commerce player ElasticRun hits $1.5b valuation
Unicorn creation continues apace in India, with B2B e-commerce marketplace ElasticRun becoming the seventh company to achieve a USD 1bn since the start of the year, following the close of a USD 300m Series E round.
India virtual events platform gets $35m Series B
Airmeet, a US-headquartered and Asia-focused virtual events platform with extensive operations in India, has raised USD 35m in Series B funding featuring Sequoia Capital India.
India blockchain player Polygon gets $450m
Sequoia Capital India has led a USD 450m investment in Polygon, an Indian platform for building, scaling and connecting Ethereum-compatible blockchain networks.
India BNPL start-up Mintifi raises $40m Series C
Norwest Venture Partners and Elevation Capital have led a USD 40m Series C round for Indian B2B buy now, pay later (BNPL) platform Mintifi.
India's Kedaara creates digital services platform
India’s Kedaara Capital is forming an outsourced digital services platform through the merger of Gavs Technologies and Great Software Laboratory (GS Lab), having acquired majority interests in the two companies over the past three months.
KKR leads $180m round for Singapore's Livspace
KKR has led a USD 180m round for Singapore-based omnichannel home interiors renovation platform Livspace at a valuation of at least USD 1bn.
Asia agglomeration: Strength in numbers?
PE-backed agglomeration platforms are looking to buy up consumer brands in Asia with a view to leveraging the might of the collective. The model requires discipline in selection and execution
Apollo commits $125m to India's Hero FinCorp
Apollo Global Management has invested USD 125m in Hero FinCorp, an Indian non-banking financial company (NBFC) controlled by local two-wheeler manufacturer Hero Motorcorp.
Tiger Global leads $40m round for India's Loadshare
Tiger Global Management has led a INR 3bn (USD 40m) Series C round for Indian logistics platform LoadShare.
India edtech player Scaler raises $55m
Lightrock India has led a USD 55m Series B round for Scaler Academy, an Indian education technology start-up that operates an upskilling platform focused on IT professionals.
India's Chargebee gets $250m, valuation more than doubles
Tiger Global Management and Sequoia Capital India have co-led a USD 250m round for Indian financial technology provider Chargebee, more than doubling its valuation in 10 months to USD 3.5bn.
India's Moglix raises $250m at $2.6b valuation
Tiger Global Management and Alpha Wave Global have led a USD 250m Series F round for India’s Moglix. It more than doubles the industrial B2B start-up’s valuation in the past eight months to USD 2.6bn.
India smart devices producer Smartron raises $200m
Smartron, an India-focused smart devices brand backed by cricket legend Sachin Tendulkar, has received USD 200m in funding from Global Emerging Markets Group (GEM).
WestBridge leads $29m Series B for India's Vyapar
WestBridge Capital has led an approximately USD 29m Series B round for Indian small business financial technology provider Vyapar. The company is now valued at around USD 118m.
Deal focus: Darwinbox's unusual path to unicorn status
Most of India’s top software-as-a-service companies gained traction in the North American market. Darwinbox cracked Southeast Asia first, thanks to a product with broad appeal and local nuance