India
Google joins Facebook on Jio Platforms investor roster
Google has agreed to invest INR337.3 billion ($4.5 billion) in India’s Jio Platforms and outlined plans to build a low-cost smart phone aimed at the mass-market.
2Q analysis: Numbers that deceive
Asia has seen remarkable revivals in private equity investment and fundraising – though not in exits – over the past three months. A handful of large-cap situations mask a weak environment
Google commits $10b for India digitization effort
Google will launch a INR750 billion ($10 billion) fund to make equity, operational, infrastructure and ecosystem investments that seek to increase the pace of digitization in India.
Large-cap vehicles support PE fundraising revival in second quarter
Asia private equity fundraising rebounded from a seven-year low in the first quarter of the year to reach $24 billion for April through June, but commitments were concentrated on a handful of managers.
Qualcomm Ventures invests $97m in India’s Jio Platforms
Qualcomm Ventures has agreed to invest INR7.3 billion ($97 million) in India’s Jio Platforms, the holding company for various internet and telecom assets owned by Reliance Industries.
Ashva raises $60m for India SME, start-up fund
Singapore-headquartered investment firm Blue Ashva Capital has secured a first close of INR4.5 billion ($60 million) for an India-domiciled fund that will invest in small and medium-sized enterprises (SMEs) and start-ups.
Investcorp leads $56m round for India co-living operator
Investcorp has led a $56 million Series C round for Indian managed co-living accommodation platform operator Zolo.
BP commits $70m to Everstone-managed India energy fund
Energy giant BP has agreed to invest $70 million in Green Growth Equity Fund (GGEF), a PE vehicle co-managed by Everstone Group that invests in sustainable infrastructure projects in India.
Sequoia raises $1.35b for India, Southeast Asia
Sequoia Capital closed its latest set of funds for deployment in India and Southeast Asia with $1.35 billion in commitments.
Intel Capital to invest $250m in India’s Jio Platforms
Intel Capital has agreed to invest INR18.9 billion ($250 million) in India’s Jio Platforms marking the company’s 12th investment in 11 weeks.
KKR to buy control of Indian pharma player
KKR has agreed to buy a 54% stake in Indian drug maker J.B. Chemicals & Pharmaceuticals for INR31.1 billion ($416 million) and made an open offer for an additional 26% of the company.
LP interview: FMO
Dutch impact investor FMO has maintained significant appetite for private equity and developing Asia with relatively few resources at its disposal. Fintech is the next frontier
Carlyle invests $235m in Bharti Airtel's India data center unit
The Carlyle Group has announced its third India deal in the space of two months with a $235 million commitment to local telecom operator Bharti Airtel’s data center business, Nxtra Data.
Deal focus: A91 spices up its portfolio
In backing spices maker Pushp, A91 Partners has gained exposure to what might be the most profitable segment of India's broader food space, with margins comparable to those for cosmetics
Bond Capital backs India education platform Byju's
Bond Capital, the technology investment firm established by Silicon Valley veteran Mary Meeker, has struck its debut deal in India with a commitment to online learning provider Byju’s.
Carlyle to buy 20% of Piramal's India pharma business
The Carlyle Group has agreed to invest approximately $490 million for a 20% stake in pharmaceutical division of India’s Piramal Enterprises, which has interests ranging from outsourced drug development to an ophthalmology joint venture with Allergan.
Deal focus: Carlyle pursues largest India animal healthcare deal
The Carlyle Group is willing to invest as much as $210 million in SeQuent Scientific to get a head start in India's rapidly evolving animal healthcare industry
Asia lending start-ups: Bump in the road
Digital lenders in emerging markets need to survive a tricky year under the shadow of potential defaults, but the survivors might become significant players in a renewed financial landscape
India's Milkbasket raises $5.5m Series B
Inflection Point Ventures has led an INR420 million ($5.5 million) Series B round for Indian grocery delivery startup Milkbasket.
A91 invests $16m in India spices maker
India’s A91 Partners has invested INR1.2 billion ($16.4 million) in local spices and condiments brand Pushp.
India's Jio Platforms set for record Asia growth capital fundraise
Saudi Arabia’s Public Investment Fund (PIF) has agreed to invest INR113.6 billion ($1.5 billion) in India’s Jio Platforms. This takes its overall funding to INR1.15 trillion, the largest single growth capital haul for an Asian technology company.
L Catterton recruits executive from India's CX Partners
Consumer-focused private equity firm L Catterton has hired Saurabh Mehta, formerly a partner at India’s CX Partners.
Beenext raises $160m for emerging markets, Japan funds
Singapore-based VC firm Beenext Capital Management has raised $160 million across two funds that will invest in start-ups in Japan and emerging markets.
India's VC-backed Postman raises $150m Series C
Postman, a software development tool creator with operations in India and the US, has raised a $150 million Series C round led by Insight Partners.