India
India car-sharing platform Drivezy gets $10m round
Indian car, motorcycle and bicycle rental company Drivezy has received a $10 million funding round from a group of investors including Das Capital, Axan Ventures, CrowdWorks and IT-Farm.
Tencent invests $400m in India's Ola
Chinese internet giant Tencent Holdings has invested $400 million in Indian ride-hailing operator Ola, valuing the business at approximately $4.1 billion.
Epsilon, IL&FS lead $8m round for India's Farm Taaza
Epsilon Venture Partners and IL&FS Investment Managers (IIML) have led an $8 million Series A round for Indian agricultural logistics player Farm Taaza Produce.
InnoVen names ex-GE executive as new CEO
Temasek Holdings-backed venture debt firm InnoVen Capital has named Ashish Sharma (pictured), former CEO and president of GE Capital India, the CEO of its India arm.
Lexington leads $1.2b Warburg Pincus Asia secondary deal
Lexington Partners is leading the $1.2 billion secondary deal that will see Warburg Pincus sell a portion of every Asian investment in its 11th global fund in order to return capital to LPs. Goldman Sachs’ asset management arm is also participating as...
PE-backed Amber Enterprises files for India IPO
Amber Enterprises, an India-based air conditioner manufacturer backed by ADV Partners, has filed for an IPO to raise INR5.6 billion ($84.8 million).
Baring-owned CMS files for India IPO
CMS Info Systems, an Indian financial management service provider owned by Baring Private Equity Asia, has filed for an IPO that will see the PE firm make a partial exit.
India's Tata Capital names True North partner as CEO
Rajiv Sabharwal (pictured), a partner at Indian PE firm True North, has been named CEO of Tata Capital, the financial services and private equity subsidiary of Indian conglomerate Tata Group.
India's VC-backed Newgen files for IPO
India-based business management services provider Newgen Software Technologies has filed for an IPO that will provide exits for Ascent Capital, IDG Ventures India and SAP Ventures.
India's HomeShop18 to buy Providence-backed Shop CJ
Shop CJ Network, an Indian home-shopping channel in which Providence Equity Partners holds a 50% interest, will be acquired by industry peer HomeShop18.
OrbiMed invests $42.5m in India's Vivimed Labs
Healthcare specialist investor OrbiMed has committed $42.5 million in Uquifa, the active pharmaceutical ingredient (API) unit of India-listed pharmaceuticals business Vivimed Labs.
Due diligence: Go your own way
While GPs in Western markets increasingly rely on outside consultants for portfolio management services, Asian investors are skeptical about its usefulness. Will horror stories eventually elicit change?
Oaktree plans Asia growth with caution
Oaktree Capital Management CEO Jay Wintrob has singled out China and India as prospective jurisdictions for increased investment activity due to local regulatory progress, even as a number of converging macro themes inspire a more cautious overall approach....
Warburg Pincus-backed Lemon Tree files for India IPO
Indian hotel chain Lemon Tree Hotels has filed for an IPO that will provide a partial exit for Warburg Pincus.
India's Yatra raises $15m from InnoVen
Yatra Online, an Indian travel services provider listed on NASDAQ, has raised INR1 billion ($15.4 million) in debt funding from InnoVen Capital.
India cloud player HighRadius secures $50m
HighRadius, a US and India-based financial technology company focused on cloud computing services, has received $50 million from Susquehanna Growth Equity for a global expansion.
Deal focus: Tonbo looks to move beyond defense
WRV Capital is backing Tonbo Imaging, a provider of night vision technology to the Indian military, as it expands into new markets
Madison India raises $230m fund
Madison India Capital has reached a final close of $230 million on its latest fund, Madison India Opportunities IV.
PE and AI: The machinists
After decades of tantalizing but patchy progress, artificial intelligence is finally seen as ready for mass commercialization. Investors must now weigh an unmissable opportunity with a world of uncertainty
Portfolio: ChrysCapital and LiquidHub
Despite coming in as a minority investor, ChrysCapital has been key to the overseas expansion of US-based LiquidHub. The firm credits its active collaboration and unique connections
India's Power2SME receives $36m Series E
Power2SME, an Indian online services provider for companies in the manufacturing space, has received $36 million in Series E funding, primarily from existing VC investors.
IFC considers $50m investment in India's Mahindra Lifespace
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $50 million investment in Indian developer Mahindra Lifespace (MLDL).
Fosun revises bid for KKR-backed Gland Pharma
Shanghai Fosun Pharmaceutical has altered the terms of its acquisition of a majority stake in India-based Gland Pharma – a deal that will facilitate an exit for KKR – as part of a long-running battle to win regulatory approval.
Indian PE-backed insurer SBI Life files for IPO
SBI Life, the life insurance subsidiary of the State Bank of India (SBI) whose backers include KKR and Singapore’s Temasek Holdings, has filed for an IPO.