India
Vision Fund adds managing partners in India, China
SoftBank Vision Fund has promoted Sumer Juneja, who heads up its India investments, and Dennis Chang, a China-focused partner, to managing partner level.
India e-commerce industry financier raises $20m
Velocity, an Indian start-up that provides growth capital to e-commerce brands, has raised a $20 million Series A round led by Valar Ventures, a firm set up by PayPal co-founder Peter Thiel.
PE-backed Paytm raises $2.5b in India's largest-ever IPO
Indian digital payments platform Paytm completed the country’s largest-ever IPO – raising INR183 billion ($2.47 billion) – but then saw its stock fall 27% on debut.
Singapore's Leo Capital targets $125m for third VC fund
Singapore-based early-stage venture capital firm Leo Capital has launched its third fund focused on India and Southeast Asia with a target of $125 million.
COVID-19 validates sector lens strategies – AVCJ Forum
COVID-19 has reinforced the argument for developing sectoral expertise that spans geographies, industry leaders told the AVCJ Private Equity & Venture Forum.
India's A91 reaches $550m final close on Fund II
A91 Partners has closed its second India-focused fund with $550 million in commitments, nearly two-and-a-half years after raising $351 million for its debut vehicle.
India's Nykaa trades up after $719m IPO
India-based beauty e-commerce platform Nykaa is trading at more than 100% premium to its IPO price after completing a INR53.5 billion ($719 million) offering that facilitated partial exits for TPG Capital and Lighthouse Funds.
India's MyGlamm raises $150m Series D
Good Glamm Group, operator of Indian direct-to-consumer beauty marketplace MyGlamm, has raised a $150 million Series D round led by Warburg Pincus and Prosus Ventures.
KKR signs up India financial services veteran as advisor
KKR has appointed K.V. Kamath, described as a pioneer of India's modern financial services sector, as an advisor.
Kedaara acquires India digital transformation player
Kedaara Capital has acquired a majority stake in Great Software Laboratory (GS Lab), an India-headquartered provider of digital product engineering services.
Carlyle poaches India head from Blackstone
The Carlyle Group has recruited Amit Jain, formerly of The Blackstone Group, as a managing director in Mumbai and co-head of its India investment advisory team.
PE-backed Delhivery files for India IPO
India-based e-commerce logistics provider Delhivery is looking to raise up to INR74.6 billion ($1 billion) through a domestic IPO that would facilitate partial exits for The Carlyle Group, Fosun Group, SoftBank Vision Fund 1, and Times Internet.
B Capital, Falcon Edge join $50m round for India digital bank
B Capital Group and Falcon Edge Capital have joined a $50 million Series B round for Indian digital banking services provider Fi at a valuation of $315 million.
India grocery delivery player Zepto raises $60m
Zepto, an Indian grocery app that claims to deliver food in 10 minutes, has raised $60 million in its first institutional funding round with US-based Glade Brook Capital taking the lead.
Kedaara leads $75m round for India's Purplle
Kedaara Capital has led a $75 million Series E round for India-focused beauty e-commerce platform Purplle at a valuation of $630 million – up from $300 million when the start-up closed its previous round in March.
India's Acko achieves unicorn status with $255m round
General Atlantic and Multiples Alternate Asset Management have led a $255 million round for Acko, which claims to be India’s only digital-native insurer, at a valuation of $1.1 billion.
India logistics provider Porter gets $100m Series E
Porter, which claims to operate India’s largest marketplace for intracity logistics, has raised an INR7.5 billion ($100 million) Series E round featuring Tiger Global Management.
Sofina, Lightrock lead $115m round for India's DeHaat
Sofina and Lightrock India have led a $115 million Series D round for Indian agricultural technology provider DeHaat. It is described as the country's largest-ever agtech round.
Deal focus: India’s Hubilo rises from ashes
An early mover in last year’s virtual events boom, Hubilo is attracting global investors with an explosive growth story and a sense of empathy for a disrupted industry
India fintech start-up Clear raises $75m Series C
Indian financial technology start-up Clear, previously known as ClearTax, has raised a $75 million Series C round featuring Kora Capital, Alua Capital, and Think Investments.
India's Groww raises $251m at $3b valuation
US-based Iconiq Capital has led a $251 million Series E round for India’s Groww, a financial services provider for the retail market, at a valuation of $3 billion.
India's Axis Bank seeks $468m for distress buyout fund
India’s Axis Bank has launched a distress buyout fund targeting INR35 billion ($468 million) via its asset management business.
India's Cred raises $251m at $4b valuation
Indian credit card rewards company Cred has raised a $251 million Series E round led by Tiger Global Management and Falcon Edge Capital at a post-money valuation of $4 billion.