India
Hong Kong's Integrated leads $10m round for India's Rapido
Hong Kong-based investment firm Integrated Capital has led a $10 million Series A round for Indian motor scooter taxi start-up Rapido.
Deal focus: VCs take a bite from India's food sector
Drums Food International is bringing a modern marketing approach to Indian millennials with its yogurt brand Epigamia. Verlinvest is backing the latest growth drive
Sequoia launches accelerator for India, Southeast Asia start-ups
Sequoia Capital has launched Surge, an accelerator program aimed at start-ups that are either based in or targeting India and Southeast Asia.
Värde promotes Asia credit head to partner
Värde Partners has promoted Haseeb Malik, a senior managing director based in its Singapore office and head of Asia corporate and traded credit, to partner. It is one of three senior promotions announced by the firm worldwide.
Fund focus: Edelweiss scales up for India distress
Edelweiss Alternative Asset Advisors expands its India distress agenda with a new fund mandated for both direct debt buyouts and equity investments
India's Truebil raises $14m in equity and debt
Indian used car trading platform Truebil has raised INR1 billion ($14 million) in equity and debt from investors including Shunwei Capital, Kalaari Capital, and Inventus Capital.
SoftBank invests $150m in India's FirstCry
SoftBank Vision Fund has committed $150 million to Indian online baby and child-focused retailer FirstCry as the first tranche in a planned $400 million Series E round.
Eight Roads invests $31m in Indian pharma player
Eight Roads Ventures, the proprietary investment arm of Fidelity International, has invested INR2.18 billion ($30.6 million) in Indian pharmaceutical manufacturer Caplin Point. Sister fund F-Prime Capital Ventures also participated.
Edelweiss closes India stressed asset fund at $1.3b
Edelweiss Alternative Asset Advisors, the alternative investment arm of India’s Edelweiss Group, has raised INR92 billion ($1.3 billion) for its second fund focused on investments in Indian stressed assets.
Domestic, international themes drive India opportunities
Companies that cater to international customers currently offer the most compelling PE investment opportunities in India, but GPs are increasingly excited about the rise of new segments in the domestic market.
Fund focus: Sizing up selectively
ChrysCapital Partners has increased its fund size and its commitment to operations in response to a maturation of the Indian market characterized by bigger deals and more opportunities to drive change
Apax invests $200m in India, US-based Fractal Analytics
Apax Partners has agreed to pay $200 million for a significant minority stake in India and US-based data analytics provider Fractal Analytics.
SoftBank Vision Fund to invest in India's Delhivery
SoftBank Vision Fund is planning to purchase a stake of up to 38% in Indian e-commerce logistics services provider Delhivery.
Verlinvest leads $25m Series C for India's Drums Food
Verlinvest has led a INR1.8 billion ($25 million) Series C investment in India’s Drums Food International, best known for the Epigamia yogurt brand.
Bain buys India, US-based IT solutions player Brillio
Bain Capital Private Equity has agreed to acquire a majority stake in US and India-based enterprise technology services company Brillio at an undisclosed price.
Fund focus: Matrix doubles down on India
Matrix Partners India closed its third fund in speedy fashion despite ongoing woes about consistency in the country’s venture environment. Patience regarding comparisons with China has been critical
India NBFCs: Stemming the flow
India’s NBFC sector has pulled through its recent liquidity issues, but questions remain about the weaknesses that led to the crisis. Investors remain confident but must learn from the experience
Carlyle makes six promotions in Asia
The Carlyle Group has promoted Ling Yang, a managing director in the firm’s Shanghai office, to partner. Yang is one of 60 senior promotions announced by Carlyle worldwide, including six in the Asia buyout team.
Sequoia leads $40m round for Indian edtech company
Sequoia Capital India has led a $40 million Series C funding round for Eruditus Executive Education, a developer of education technology based in India, with participation by existing investor Bertelsmann India Investments.
ChrysCapital raises $867m for eighth India fund
Indian private equity firm ChrysCapital has closed its eighth fund at $867 million. The vehicle was oversubscribed and the fundraising process took four months.
AVCJ Awards 2018: PE & VC Professional of the Year: Sanjiv Kaul
Sanjiv Kaul, who left a career with pharma giant Ranbaxy to become an investor at ChrysCapital Partners, discusses the evolution of operational capabilities in Indian private equity
Aion acquires BPO arm of India's Interglobe
Aion Capital Partners, a special situations joint venture between Apollo Global Management and ICICI Venture, has acquired Interglobe Technologies (IGT), the business process outsourcing (BPO) division of Indian travel conglomerate Interglobe Enterprises....
India's Zolo secures $30m Series B
Indian managed accommodation platform operator Zolo has raised $30 million in Series B funding from a group of investors including IDFC Alternatives.
TA promotes India head Dhiraj Poddar
Dhiraj Poddar, a director for TA Associates who heads the GP’s India operations, has been promoted to managing director.