India
LeapFrog leads $250m round for India's CarDekho
LeapFrog Investments has led a $250 million Series E round - described as a pre-IPO round - for Indian online auto marketplace CarDekho at a valuation of $1.2 billion.
Rise Climate, ADQ commit $994m to Tata Motors EV unit
TPG Rise Climate, a climate-focused strategy under TPG’s global impact investment platform, has agreed to invest INR75 billion ($994 million) in the electric vehicle (EV) unit of India’s Tata Motors.
India digital banking player Open raises $100m
Temasek Holdings has led a $100 million Series C round for Indian online banking company Open Financial Technologies with support from Google.
Vision Fund: Big is beautiful?
Previously the sole elephant in Asia’s growth-stage technology space, SoftBank’s Vision Fund program is now one of a herd. Prevailing amid increased competition may prove its thesis once and for all
3Q analysis: India advances
India technology investment continues to ramp up as China flatlines; international payments M&A drives Asia trade sale revival, but IPOs slump; fundraising remains slow
Norwest, Kedaara lead $59m round for India NBFC
Norwest Venture Partners and Kedaara Capital have led a INR4.4 billion ($58.6 million) Series F round for Indian non-banking finance company (NBFC) Veritas Finance.
India cloud kitchen player Rebel Foods raises $175m
India-based cloud kitchen operator Rebel Foods has raised $175 million in Series F funding, led by Qatar Investment Authority (QIA), at a valuation of $1.4 billion.
India's Coinswitch Kuber raises $260m
Indian crypto exchange Coinswitch Kuber is claiming to be the largest app of its kind locally following a $260 million Series C round featuring Andreessen Horowitz at a $1.9 billion valuation.
Alteria closes India venture debt fund at $241m
Alteria Capital has closed its second India venture debt fund at INR18 billion ($241 million), beating a target of INR15 billion. All the money was raised by video call.
India's Licious secures $52m Series G
Licious, an India-based online retailer specializing in fresh meat and seafood, claims to have become the country’s first direct-to-consumer (D2C) unicorn following a $52 million Series G round.
India bus-tracking app Chalo raises $40m
India bus-tracking app Chalo has raised a $40 million round led by Filter Capital and Lightrock India with support from WaterBridge Ventures and US-based Raine Ventures.
Deal focus: Vedantu highlights impact potential in Indian edtech
The latest round for livestreaming teaching app Vedantu reframes India’s swaggering, unicorn-populated edtech sector as the impact opportunity it always was
Deal focus: COVID-19 grows India's Medikabazaar
Pandemic-driven demand for masks, ventilators, and the like has propelled Indian medical equipment operator Medikabazaar to its next stage of development with a global mix of investors
China SaaS: Path to profitability
COVID-19 has driven enterprise uptake of software-as-a-service solutions in China, but paying customers are still relatively few. Other markets offer some pointers on monetization
Falcon Edge leads $200m round for India's Ola Electric
Falcon Edge Capital has led a $200 million investment in Indian electric vehicle (EV) maker Ola Electric at a valuation of $3 billion with support from SoftBank.
PE-backed Oyo targets $1.1b India IPO
Oyo, an India-focused budget hotel platform backed by the likes of SoftBank Vision Fund, is looking to raise up to INR84.3 billion ($1.1 billion) through a domestic IPO.
India's Meesho sees valuation double in five months
Indian social e-commerce start-up Meesho has raised a $570 million Series F round, doubling its valuation in less than five months to $4.9 billion.
India edtech player Vedantu raises $100m Series E
ABC World Asia, an impact investor with ties to Singapore's Temasek Holdings, has led a $100 million Series E round for Indian education technology company Vedantu at a valuation of $1 billion.
India PE stalwart Ajay Relan dies aged 67
Ajay Relan, one of the pioneers of private equity in India, has died at the age of 67.
Lightrock leads round for India BNPL player Capital Float
Capital Float, an Indian lending platform now positioning itself as a buy now, pay later (BNPL) specialist, has raised $50 million led by the local unit of UK-based private equity investor Lightrock.
Lee Fixel's Addition backs India-based Delhivery
Addition, a private equity firm established by Lee Fixel, who was previously involved in many of Tiger Global Management’s early India deals, has invested $125 million in local e-commerce logistics provider Delhivery.
CDC joins $75m round for India medical B2B marketplace
CDC Group has contributed $27.5 million to a $75 million Series C round for Medikabazaar, an Indian medical B2B marketplace and COVID-19 supply chain operator.