India
Whale watching: Mid-cap GPs engage large-cap LPs
Recent appointments by two Asian GPs - Everstone Group and Legend Capital - offer insights into how smaller managers are trying to forge meaningful relationships with large institutional investors
Qiming leads $15m round for Indian publishing platform
Qiming Venture Partners has led a $15 million Series B round for Pratilipi, a publisher of Indian vernacular language content.
Advent raises $17.5b for ninth global fund
Advent International has closed its latest global fund at the hard cap of $17.5 billion, completing its largest-ever fundraising exercise in the space of six months.
Deal focus: Ather charges up for India's EV race
Indian electric vehicle producer Ather has won $51 million in funding as it looks to reinvigorate the two-wheeler market by drawing on old and new economy expertise
General Atlantic leads $51m Series C for India's NoBroker
General Atlantic has led a $51 million Series C round for NoBroker, an online real estate marketplace based in India. SAIF Partners and Beenext Capital Management also participated in the round.
GP profile: Chiratae Ventures
Patient, culture-oriented Chiratae Ventures has grown and diversified in step with India’s gradually blossoming VC market. Its latest expansions suggest this trajectory is set to accelerate
GIC, ADIA invest $495m in India's Greenko
Indian renewable energy producer Greenko Energy Holdings has raised $495 million from its majority owner, Singapore’s GIC Private, and returning investor the Abu Dhabi Investment Authority (ADIA).
Unilever leads $11m round for India's Milkbasket
Unilever Ventures, the corporate VC arm of Unilever, has led a $10.5 million funding round for Indian grocery delivery start-up Milkbasket.
CDPQ invests $206m in India's Mahindra
Caisse de dépôt et placement du Québec (CDPQ) has invested INR14.2 billion ($205.8 million) in Indian automotive conglomerate Mahindra & Mahindra through a public market transaction.
Deal focus: KaiOS looks beyond the iPhone
Hong Kong-based KaiOS Technologies has secured a $50 million Series B round for an expansion plan targeting what could be the mobile telecommunication industry’s most underserved segment
Flipkart's Bansal leads $51m round for India EV player
Sachin Bansal, co-founder of Indian e-commerce giant Flipkart, has led a $51 million investment in local electric vehicle (EV) manufacturer Ather Energy.
Deal focus: TPG vindicates India healthcare strategy
TPG Growth has stayed the course with a long-term plan based on confidence in a freshly assembled team at Indian cancer care provider CTSI. This has translated into a healthy exit
Creador invests $18m in India's iValue
Creador has acquired a minority stake in iValue InfoSolutions, an India-based provider of cybersecurity services, for INR1.25 billion ($18 million).
India used car marketplace raises $13m Series A
SAIF Partners and Accel Partners have led a $13.2 million Series A round for Indian online used car marketplace Spinny, with participation by existing investors Blume Ventures and Simile Ventures.
Deal focus: Grofers returns to growth with Series F
Grofers is emerging from a rough patch in its mission to leverage India’s online grocery boom with an overhauled business model and a $200 million Series F round led by SoftBank Vision Fund
Endiya reaches $40m first close of second India VC fund
Endiya Partners, an early-stage VC investor based in India, has achieved a first close of $40 million for its second fund. The target is $70 million.
TPG to exit India cancer business for $283m
Asia Healthcare Holdings (AHH), an India-focused healthcare platform owned by TPG Growth, has agreed to sell cancer hospital chain Cancer Treatment Services International (CTSI) to US-based radiology player Varian Medical Systems for $283 million.
Everstone hires former Wipro co-head for IT investments
India’s Everstone Group has hired Suresh Vaswani (pictured), a former executive at Wipro, Dell, and IBM, as a senior director focused on investments in information technology (IT).
ADV to buy heavy vehicles unit from India's Tata
ADV Partners has agreed to acquire heavy vehicles producer Dutch Lanka Trailer Manufacturers (DLT), a Sri Lanka-based subsidiary of Indian conglomerate Tata Group, for INR3.05 billion ($43.7 million).
GIC, Tata to invest $573m in India hotels
Singapore’s GIC Private has partnered with the Indian Hotels Company (IHCL), a hospitality unit of India’s Tata Group, for an Indian hotel platform that will invest INR40 billion ($573 million) over the next three years.
Vertex raises $230m for India, Southeast Asia fund
Vertex Venture Holdings (VVH), the VC arm of Singapore’s Temasek Holdings, has reached the initial $230 million target for its fourth Southeast Asia and India fund in a single closing.
GA, Värde cancel planned investment in India's PNB
General Atlantic and Värde Partners have terminated a planned INR18.5 billion ($267 million) investment in PNB Housing Finance, the publicly listed mortgage subsidiary of India’s Punjab National Bank (PNB).
SoftBank leads $200m round for India's Grofers
Indian online grocer Grofers has raised more than $200 million in a Series F funding round led by SoftBank Vision Fund.
Matrix exits India eye care chain
Matrix Partners India has made a full exit from Centre for Sight, operator of a chain of eye clinics in India, to Mahindra Partners after a holding period of nearly 10 years.