India
ADQ launches $300m India, Southeast Asia VC fund
ADQ, a state-owned holding company in the United Arab Emirates, has launched an AED1.1 billion fund ($300 million) that will invest in Indian and Southeast Asian start-ups with expansion plans in the Middle East.
B Capital leads Series B for Indian bookkeeping start-up
B Capital has led a $60 million Series B round for Khatabook, a digital ledger software provider for micro, small and medium-sized enterprises (MSMEs) in India.
Iron Pillar adds $45m to debut India fund
Indian venture capital firm Iron Pillar Capital Management has added $45 million to its maiden fund to support the capital needs of existing portfolio companies.
General Atlantic joins PE backers of Reliance's India app platform
General Atlantic has agreed to invest INR65.98 billion ($870 million) in Jio Platforms, becoming the fourth investor in the holding company for Indian conglomerate Reliance Industries' internet and telecom assets.
Jio Platforms: India's giant in waiting
From Silver Lake to Vista Equity Partners to Facebook, international investors are flocking to Reliance Industries' internet and telecom platform. But can the business deliver on its undoubted potential?
India's Sixth Sense targets $200m for third fund
Sixth Sense, an Indian venture capital firm that invests in early-stage start-ups, has set a target of INR15 billion ($200 million) for its third fund.
Indian agtech start-up raises $5.9m Series A
Indian agricultural technology start-up Intello Labs has raised $5.9 million in a Series A funding round led by Saama Capital, Singapore’s Grow and SVG Ventures-Thrive.
India-China regulation: Punching bag
Chinese venture capital investors have become an increasingly significant presence in India’s venture capital ecosystem, but a recent regulatory reform calls their participation into question
Tribe Capital leads $13m round for Indian logistics aggregator
Shiprocket, an Indian logistics aggregator that primarily solves shipping needs of small businesses, has raised $13 million in a funding round led by US VC firm Tribe Capital.
Carlyle pursues control of India's SeQuent for $210m
The Carlyle Group has reached agreements that could see it pay INR16.3 billion ($216 million) for up to 74% of Indian animal healthcare services provider SeQuent Scientific.
CVC to invest in Indian cancer care chain operator
CVC Capital Partners plans to acquire 36.4% of HealthCare Global Enterprises (HCG) in a deal that ultimately could see it assume majority ownership of the Indian cancer care center operator.
Vista Equity to invest $1.5b in Reliance's India app platform
US-based Vista Equity Partners has agreed to invest INR113.67 billion ($1.5 billion) for a stake in Jio Platforms, a holding company for Indian internet and telecom assets, including Reliance Jio Telecom.
Everstone sells Asia payroll business to US strategic player
India and Southeast Asia-focused private equity firm Everstone Group has agreed to sell Singapore-headquartered human resources software provider Excelity Group to US peer Ceridian. The size of the deal has not been disclosed.
Deal focus: Circulate makes early moves in a must-win battle
Specialist venture capital firm Circulate Capital is targeting overlooked start-ups with a view to stemming a global environmental crisis that puts Asia at center stage
Warburg Pincus invests $26.7m in IDFC First Bank
Warburg Pincus has invested INR2 billion( $26.7 million) in IDFC First Bank as part of an INR20 billion capital raise by the Indian lender.
Silver Lake to invest $750m in Reliance's India app platform
Silver Lake Partners has agreed to invest INR56.5 billion ($750 million) for a stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.
Beenext leads $13m Series B for Indian logistics platform
Indian logistics platform LoadShare Networks has raised INR1 billion ($13.2 million) in a Series B round led by Beenext.
Indian industry body proposes $3.3b state VC fund for start-ups
The Startup Association of India (SAI) has called on the government to bolster an existing state-backed venture capital fund and commit INR250 billion ($3.3 billion) to local companies.
Singapore’s Circulate Capital makes debut investments
Circulate Capital, a Singapore investor dedicated to ocean pollution management, has made its first investments in two plastic recycling start-ups in India and Indonesia.
KKR to acquire India solar assets for $204m
KKR has announced plans to acquire five solar energy assets from Shapoorji Pallonji Infrastructure Capital (SP Infra) for INR15.5 billion ($204 million).
Indian brewer B9 Beverages raises $20m from Sofina, Sequoia
B9 Beverages, the owner of the Indian beer brand Bira 91, has raised INR1.5 billion ($20 million) in funding from Sequoia Capital India and Belgian investment firm Sofina.
US, India pharma company Bugswork raises $7.5m
Bugworks Research, a pharmaceutical company with operations in India, has raised $7.5 million in a funding round led by existing investors University of Tokyo Edge Capital (UTEC) and Global Brain.
Warburg Pincus re-ups in India's Apollo Tyres
Warburg Pincus has invested INR5.4 billion ($70.2 million) in Apollo Tyres to follow up on an earlier investment in the company. This continues a recent trend of PE players increasing their stakes in Indian public companies.
Facebook takes 9.9% stake in Reliance's India app platform
Facebook has acquired a 9.9% stake in Jio Platforms, the holding company behind a number of apps and the parent of India's largest telecom operator.