India
Carlyle makes partial exit from India's SBI Life
The Carlyle Group has made a partial exit from India-listed life insurance company SBI Life, selling one-third of its stake for approximately INR28.2 billion ($392 million).
Warburg Pincus, Bessemer invest India's Perfios
Warburg Pincus and Bessemer Venture Partners have led a $50 million Series B round for Indian financial technology provider Perfios.
Advent buys Indian biopharma player
Advent International has agreed to acquire a controlling position in Bharat Serums and Vaccines, an Indian biopharmaceuticals supplier focused on the women’s health segment.
Norwest raises $2b for latest global VC fund
Norwest Venture Partners, a US-headquartered investor with a strong presence in India, has closed its latest global VC fund at $2 billion. It is the firm’s largest vehicle to date.
Blackstone commits $244m to India's Future Lifestyle Fashions
The Blackstone Group has agreed to invest INR17.5 billion ($244 million) in India-listed clothing retailer Future Lifestyle Fashions (FLF).
India's Sanaka Capital invests $44m in Edelweiss
Sanaka Capital, an Indian private equity firm established by Shankar Narayanan, formerly co-head of The Carlyle Group's Asia growth team, has agreed to invest $44 million in local financial conglomerate Edelweiss.
Unison agrees $526m Japan pharma carve-out
Unison Capital has agreed to buy Kyowa Pharmaceutical Industry, a Japanese subsidiary of India-headquartered drug manufacturer Lupin for an enterprise valuation of JPY57.4 billion ($526 million).
PAG, Centurium win firm of the year prizes at AVCJ Awards
PAG Asia Capital and Centurium Capital secured the two firm of the year prizes at the 2019 AVCJ Private Equity & Venture Capital Awards, while Renuka Ramnath of India’s Multiples Alternative Asset Management won the AVCJ Special Achievement Award.
TPG leads $32m round for India bank
TPG Capital has led a INR2.2 billion ($32 million) funding round for India's Jana Small Finance Bank, which focuses on financial inclusion through digital services.
Indian Angel Network closes VC fund at $53m
Indian Angel Network (IAN) has closed its first venture capital fund with INR3.7 billion ($53 million) in commitments. The target was INR3.5 billion.
PE & QSR: Going greenfield in India
Localization was the key for Everstone Group when rolling out Burger King in an India market that is both price-sensitive and not known for its appreciation of beef
PE & QSR: Ambition on a bun
Many private equity investors think they can make a fast buck from fast dining, but rolling out a Western-style brand in Asia requires discipline on valuation and competence in execution
Everstone seeks listing for Burger King India
Everstone Capital, which set up the Indian franchise of US fast food giant Burger King in 2013, has filed to list the company on the domestic markets.
India's ShopClues to merge with Singapore-based Qoo10
Indian e-commerce company ShopClues has agreed a merger with Singaporean counterpart Qoo10 at a valuation reportedly 99% lower than its peak level of $1.1 billion.
Blackstone backs India's Aakash Educational
The Blackstone Group has invested an undisclosed sum in New Delhi-based Aakash Educational Services with a view to building India’s largest digital omnichannel test preparation company.
Naspers VC unit backs India's ElasticRun
Prosus Ventures, a VC unit of South African internet conglomerate Naspers, has led a $40 million investment in Indian logistics technology developer ElasticRun.
India motorcycle taxi platform Rapido gets $55m Series B
Chinese early-stage investor Shunwei Capital Partners has participated in a Series B funding round for Indian motorcycle taxi operator Rapido, drawing comparisons with the growth trajectory of Indonesia’s Go-Jek.
India's MyGate gets $56m Series B
Tencent Holdings, JS Capital, Tiger Global Management, and Prime Venture Partners have provided a $56 million Series B round to India’s MyGate, a security app for gated communities.
Deal focus: Udaan signals India's digital progress
B2B marketplace Udaan has achieved unicorn status faster than any of its illustrious Indian forbears. A readymade national broadband infrastructure certainly helped
India's Inventus closes third VC fund at $52m
India and US-focused Inventus Capital Partners has closed its third fund at INR3.6 billion ($52 million). It is the early-stage investor's first vehicle dedicated solely to India.
Creador leads Series C for India's Kogta Financial
Creador has led a INR3 billion ($42 million) Series C round for Kogta Financial, a non-banking finance company (NBFC) looking to deepen its penetration in India’s central and western states.
India's Oyo raises $700m in ongoing Series F
Indian hotel platform Oyo has raised $700 million from RA Hospitality Holdings, an entity controlled by founder and CEO Ritesh Agarwal, as part of a Series F round targeting $1.5 billion.
Deal focus: Avataar seeds India SaaS portfolio
Having won support from HarbourVest Partners to spin out a portfolio from his former employer, Norwest Venture Partners, Mohan Kumar is taking aim at India's underdeveloped enterprise software space
Deal focus: Darwinbox prioritizes Southeast Asia
Human resources software provider Darwinbox is among the Indian business services players leading the charge into Southeast Asia