India
Oaktree Asia distress head relocates to Hong Kong
Pedro Urquidi, global co-portfolio manager and head of distressed debt for Europe and Asia for Oaktree Capital, will relocate to the firm’s Hong Kong office to play a more active role in its Asia business.
Tata, GIC join $1.1b investment in India's GMR Airports
Tata Group, GIC Private, and special situations investor SSG Capital have formed a consortium to invest INR80 billion ($1.1 billion) in India’s GMR Airports (GAL). It will facilitate a number of private equity exits.
Indian agtech: Technology harvest
Indian investors are excited about a growing wave of agricultural technology start-ups focused on solving practical problems faced by farmers, but achieving scale with a limited scope will be a challenge
Faering, Sequoia invest $15m in India's Finova
Finova Capital, an Indian non-banking finance company (NBFC) targeting rural small businesses, has raised $15 million from Faering Capital and Sequoia Capital India.
Affirma, IIFL invest $132m in India's Northern Arc
IIFL Asset Management (IIFL AMC) and Affirma Capital, a spin-out of Standard Chartered Private Equity (SCPE), have invested INR9.1 billion ($131.9 million) in Indian non-banking finance company (NBFC) Northern Arc Capital.
Illinois Municipal re-ups in India's True North
Illinois Municipal Retirement Fund has re-upped in the sixth fund from Indian private equity firm True North with a $10 million commitment.
South Africa's Naspers to list internet assets on Euronext
South Africa-based conglomerate Naspers plans to spin-off its internet businesses – which include stakes in Chinese giant Tencent Holdings and Indian food-ordering platform Swiggy – through a listing on Euronext in Amsterdam.
General Atlantic, Tencent invest $31m in India's Byju's
Indian educational technology provider Byju’s has raised a INR2.14 billion ($31 million) round of funding from existing investors General Atlantic and Tencent Holdings.
Hyundai, Kia invest $300m in India's PE-backed Ola
Korean car makers Hyundai Motor and Kia Motors have agreed to invest $300 million in Ola, an Indian ride-hailing platform backed by a number of PE and strategic investors.
India's Pine Labs acquires VC-backed Qwikcilver for $110m
Indian cloud-based payments platform operator Pine Labs has agreed to pay $110 million for Qwikcilver, a gift card technology provider backed by several VC and strategic investors including Accel Partners, Helion Venture Partners, Amazon, and Sistema...
Warburg Pincus to buy India education finance business
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
Investors commit $65m to Indian digital insurance player
Acko General Insurance, an Indian online insurance broker with several VC and strategic backers, has raised $65 million from a group of new and existing investors.
Everstone's healthcare platform makes first India investment
Everlife, an Asia healthcare investment platform managed by India’s Everstone Group, has made its first investment in India, committing an undisclosed amount to medical device manufacturer CPC Diagnostics.
Bertelsmann leads $27m round for India's AgroStar
Bertelsmann India Investments has led a $27 million Series C round for AgroStar, an Indian mobile retail platform focused on the agriculture sector.
Omidyar spins out fintech arm as Flourish Ventures
Omidyar Network, a global impact investment firm launched by eBay founder Pierre Omidyar that is an active investor in Asia, has spun out its financial technology division into a new VC firm called Flourish Ventures.
GIC to invest $713m in India's Bharti Airtel
Singapore’s GIC Private has agreed to invest INR50 billion ($713 million) in India-based telecommunications provider Bharti Airtel.
Quona leads $12.8m round for India's SMEcorner
Quona Capital has led a INR900 million ($12.8 million) investment in Indian microlending platform operator SMECorner.
Carlyle, Fosun join $415m round for India's Delhivery
The Carlyle Group and Fosun International have joined a INR29 billion ($415 million) Series F round for Indian e-commerce logistics services provider Delhivery led by SoftBank Vision Fund.
Deal focus: Patience pays off for True North
True North realizes a two-year goal with the acquisition of a controlling stake in Indian health insurance provider Max Bupa
CDPQ to invest $255m in Edelweiss' India NBFC
Caisse de dépôt et placement du Québec (CDPQ) has agreed to invest INR18 billion ($255 million) in ECL Finance, a non-banking finance company (NBFC) owned by India’s Edelweiss Group.
Multiples targets $920m for third India fund
Multiples Alternate Asset Management is seeking INR65.3 billion ($920 million) for its third India-focused private equity fund.
Tiger, Matrix lead $56m round for EV spin-out of India's Ola
Tiger Global Management and Matrix Partners India have co-led a INR4 billion ($56.3 million) investment in an independent electric vehicle (EV) company spun out from Indian ride-hailing platform Ola.
Carlyle invests $653m in India's SBI Life
The Carlyle Group has acquired a 9% stake in India-listed life insurance company SBI Life for INR46.4 billion ($653 million).
A91 seeks $330m for debut India VC fund
A91 Partners, an Indian venture capital firm founded by three former managing directors at Sequoia Capital, is seeking $330 million for its debut fund.