India
India proposes regulatory changes to boost start-up listings
The Securities and Exchange Board of India (SEBI) has floated a number of proposals intended to ease the listing process for technology-focused start-ups.
Motilal Oswal closes third India fund at $325m
Motilal Oswal Private Equity (MOPE) has closed its third growth equity fund at INR23 billion ($325 million), beating its target of INR20 billion.
SCPE exits India's Dolvi Metals & Minerals
Standard Chartered Private Equity (SCPE) has exited its stake in Dolvi Minerals and Metals, a trader of metallic and non-metallic minerals based in India.
Composite Capital leads $50m round for India's ClearTax
Hong Kong-based hedge fund Composite Capital has led a $50 million funding round for Indian online financial services provider ClearTax.
TVS reaches $113m first close on third India growth fund
TVS Capital Funds, a PE investment firm sponsored by the TVS Group and Shriram Group, has reached a first close of INR8.3 billion ($113 million) on its third India growth fund.
India's IvyCap launches $8m angel fund
India’s IvyCap Ventures has launched an angel fund targeting INR600 million ($8.2 million) that will make seed to Series A-stage investments.
Sequoia India establishes separate VC, growth teams
Sequoia Capital India has split its investment staff, creating separate teams for India and Southeast Asia focused on venture and growth capital investments. The firm's China and US affiliates already employ a similar strategy.
Accel leads $13.6m round for India's Universal Sportsbiz
Accel Partners has led a INR1 billion ($13.6 million) Series E round for Indian fashion retailer Universal Sportsbiz (USPL).
CDPQ invests $100m in India's Azure Power
Caisse de dépôt et placement du Québec (CDPQ) has invested $100 million in Azure Power, an Indian solar panel company listed in the US.
Motilal Oswal invests $27m in India auto player
Motilal Oswal Private Equity (MOPE) has invested INR2 billion ($27 million) in Happy Forgings, an Indian manufacturer of forged and machined components focused on the automotive industry.
Fund focus: New name, new era for IDG in India
IDG Ventures India has rebranded as Chiratae Ventures, marking the end of its association with IDG and underlining its commitment to the local start-up community
Asia fintech: Follow the leader
China has set a compelling example for establishing a diversified and deeply penetrated digital banking industry in a developing economy. India and Southeast Asia are taking notes
UK-based Social Finance to raise $2b for India impact investing
Social Finance, a globally focused impact investor based in the UK, plans to raise $2 billion for investments in India across two vehicles focused on education and local micro, small and medium-sized enterprises (MSMEs).
Ant Financial re-ups in India's Zomato
Indian restaurant discovery and food delivery platform Zomato has raised $210 million from existing investor Ant Financial, the financial services affiliate of China’s Alibaba Group.
IDG Ventures India rebrands as Chiratae Ventures
IDG Ventures India has changed its name to Chiratae Ventures to emphasize the firm’s identity as a backer of high-growth Indian start-ups with potential for global expansion.
Advent invests in India's Manjushree Technopack, Kedaara exits
Advent International has made an investment of undisclosed size in Indian packaging industry supplier Manjushree Technopack. It facilitates an exit for Kedaara Capital.
Sequoia leads $27m round for India's BlackBuck
Sequoia Capital India has led an approximately $27 million investment in Indian logistics services company BlackBuck.
GIC-backed Greenko makes add-on acquisitions
Greenko Energy, an Indian renewable energy producer owned by GIC Private, has completed the acquisition of Orange Renewables and agreed to buy Skeiron Green Renewables. The two deals will increase Greenko’s overall operational capacity from 3.2 gigawatts...
GMR reaches settlement with investors in airport business
Private equity investors in India’s GMR Airports (GAL) will receive INR35.6 billion ($481.3 million) in cash plus additional equity in compensation after the company failed to deliver a liquidity event within an agreed timeframe.
India's Droom gets $30m Series E round
The family office of Joe Hirao, founder of Japanese media platform ZigExN, has led a $30 million Series E round for Indian used-car trading marketplace Droom.
India's Iron Pillar closes debut fund at $90m
Indian venture capital firm Iron Pillar Capital Management has closed its maiden fund with aggregate capital commitments of just over $90 million.
India's Blume reaches $40m first close on early-stage fund
Indian venture capital firm Blume Ventures has reached a first close of $40 million on Blume Ventures Fund III, its third early-stage fund.
Deal focus: Oyo passes the $1b mark
Oyo Rooms has taken a budget hotel marketing strategy that worked in India and applied it to overseas markets, notably China. Investors were bullish enough on its growth potential to provide a $1 billion Series E round
Adams Street closes global early stage fund at $426m
Adams Street Partners has reached a final close of $426 million on Adams Street Venture Innovation Fund II, its global early-stage fund-of-funds.