India
KKR to buy majority stake in India's REEL for $530m
KKR has agreed to buy a 60% stake in India-based environmental services provider Ramky Enviro Engineers (REEL) for $530 million via a combination of primary and secondary investments valuing the company at $925 million.
True North to acquire orthopedics division of India's Glenmark
True North has agreed to acquire the Indian orthopedics and pain management business of drug maker Glenmark Pharmaceuticals at a valuation of INR6.4 billion ($91.8 million).
Sequoia, Accel lead $12m Series A for India's Metro Bikes
Sequoia Capital India and Accel Partners have led a $12.2 million Series A funding round for Metro Bikes, an India-based scooter rental provider. It coincides with the company rebranding as Bounce.
India's ASK Investment files for IPO
Indian asset and wealth management firm ASK Investment Managers, which operates private equity fund ASK Pravi as a joint venture with Pravi Capital, has filed for a domestic IPO.
India's Epiq closes first three investments
Epiq Capital, an India-focused private equity firm founded by Matrix Partners India co-founder Rishi Navani, has completed its first three investments in eyewear retailer Lenskart Solutions, financial technology company Mswipe, and online home rental...
India's Shadowfax raises $22m Series C
Shadowfax, an Indian online-to-offline (O2O) logistics provider focused on hyperlocal delivery, has raised a $22 million Series C round led by Nokia Growth Partners (NGP).
India's PE-backed Muthoot files for IPO
Indian microfinance services provider Muthoot Microfin, part of the Muthoot Pappachan Group, has filed for an IPO that will provide a partial exit for several investors, including US private equity firm Creation Investments.
India bus-hailing app Shuttl gets $11m
Amazon India has led an $11 million Series B funding round for India-based bus-hailing app operator Shuttl, with participation by several other VC investors.
Tech investment case study: True North and Seedworks
True North aimed to set Indian seed maker Seedworks apart from its competitors by leveraging digital technology. Two years into its investment the private equity firm is seeing its initiatives pay off
TPG leads $100m round for India's Five Star
TPG Capital has led a $100 million funding round for Five Star Business Finance, a non-banking finance company (NBFC) focused on small and medium-sized enterprises (SMEs) in south India.
Capria targets $100m for emerging markets fund-of-funds
Capria Ventures, a US impact investor sponsored by Unitus, has launched a $100 million fund that will focus in part on developing regions within Asia.
Accel, Sequoia lead $100m round for US, India-based Freshworks
Freshworks, a cloud business software developer based in India and the US, has raised a $100 million funding round led by Accel Partners and Sequoia Capital.
IDG, Accel, Kalaari lead $120m round for India's CureFit
IDG Ventures, Accel Partners, and Kalaari Capital have led a $120 million Series C round for CureFit, a health and fitness app developer based in India.
L Catterton's Sanjay Gujral rejoins Everstone as COO
Sanjay Gujral, a former executive director at Everstone Capital who left the firm to join the management team at L Catterton Asia, has returned to the GP to serve as COO.
Gaja invests $25m in India's Educational Initiatives
Gaja Capital has made a commitment of $25 million to Educational Initiatives (EI), an India-based developer of educational technology and assessment tools.
Deal focus: OfBusiness helps Indian SMEs find their feet
Creation Investments backs Indian financial technology start-up OfBusiness to meet the financing needs of underserved small businesses
TPG invests in India's Sai, Tata Capital exits
TPG Capital has acquired a significant minority stake in Indian drug developer and manufacturer Sai Life Sciences, providing a full exit for Tata Capital Growth Fund.
India healthcare: The growth infusion
Indian hospitals are increasingly attractive for private equity investors. GPs can thrive in the space with a well-defined growth strategy that takes local market requirements into account
Tata completes first exit from Opportunities Fund
Tata Capital has completed its first exit from the Tata Opportunities Fund, securing an IRR of over 50% and a 6x gross multiple through the IPO of auto components manufacturer Varroc Engineering.
India-focused blank check company files for US IPO
Tenzing Acquisition, a blank check company headed by New Silk Route Ventures (NSR) co-founder and CEO Parag Saxena, has filed for a $50 million IPO on NASDAQ. The firm will use the proceeds to invest in companies with a focus on businesses operating in...
TPG, ADIA back acquisition of agrochemicals producer Arysta
TPG Capital and Abu Dhabi Investment Authority (ADIA) have teamed up with India-listed UPL Corporation on a $4.2 billion acquisition of Arysta LifeScience, an agricultural chemicals manufacturer that originated in Japan.
SCPE buys stake in India travel business from Naspers
Standard Chartered Private Equity (SCPE) has invested an undisclosed amount in Indian online travel company Travel Boutique Online (TBO) to acquire a stake held by South African internet conglomerate Naspers.
TPG leads $100m Series D for India's Bigtree
TPG Capital has led a $100 million Series D funding round for Bigtree Entertainment, an India-based ticketing services company best known for its aggregator service BookMyShow.
India's OfBusiness gets $29m Series C
OfBusiness, an India-based financial technology company focused on smart financing services has received an INR2 billion ($29 million) Series C funding round led by Creation Investments and Falcon Edge.