India
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
India's Everstone hires ex-Temasek executive
Everstone Group has appointed Vibhor Kumar Talreja, who previously spent 12 years with Temasek Holdings in India, as a managing director in its private equity business.
India’s Udaan closes Series D at $585m
India’s Udaan has closed its Series D round at $585 million, with the latest contribution featuring Tencent Holdings and the VC arm of Citi. It values the B2B online marketplace at $2.5-3 billion.
New Mountain Capital buys US-India BPO player
US private equity firm New Mountain Capital has agreed to acquire Emids, a US-headquartered business process outsourcing (BPO) provider with extensive operations in India, for an undisclosed sum.
Fund focus: Vertex pumps up in SE Asia, India
Having raised $305 million for its latest India and Southeast Asia fund, Vertex Ventures is looking to tap into themes of technological advancement common to both geographies
Sequoia leads $15m round for India's Darwinbox
Sequoia Capital India has led a $15 million Series B round for Indian human resources (HR) technology platform Darwinbox.
India SME platform OfBusiness raises $35m Series D
OfBusiness, an Indian smart financing services provider for small to medium-sized enterprises (SME) has received an INR2.5 billion ($35 million) Series D round led by Norwest Venture Partners.
HarbourVest spins out part of Norwest's India portfolio
HarbourVest Partners has spun out part of the Norwest Venture Partners India portfolio into a new fund to be managed by Avataar Venture Partners.
Deal focus: LGT plugs Aspada into global impact platform
LGT Group aims to create new inroads for global investors looking to enter the impact space by acquiring Aspada, an Indian platform focused on digital inclusion and small business finance
Indian fintech player Groww raises $21m
Groww, an Indian financial technology provider focused on mutual fund investment services, has raised a $21.4 million Series B round led by US-based Ribbit Capital.
Vertex closes Southeast Asia, India fund at $305m
Vertex Ventures, a VC arm of Singapore’s Temasek Holdings, has closed its fourth Southeast Asia and India fund at $305 million, beating an initial target of $230 million.
India's Lightbox closes third VC fund at $209m
Lightbox Ventures has raised $209.3 million for its third India-focused fund, exceeding an initial target of $200 million.