India
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.
India's Unacademy raises $11.5m Series B round
Sequoia Capital India and SAIF Partners have led a $11.5 million Series B funding round for Indian free-to-use learning platform operator Unacademy.
VCs invest $17m in Indian night vision company
Tonbo Imaging, an Indian night vision technology specialist serving the defense, surveillance and transportation safety markets, has received $17 million in Series B funding led by US-based WRV Capital.
Kedaara closes second India fund at $750m
Kedaara Capital has closed its second India-focused fund at the hard cap of $750 million after approximately six months in the market.
Fund focus: OrbiMed scales up for Fund III
US-based healthcare specialist investor OrbiMed once again raises the bar with the closing of its oversubscribed third Asia fund
TPG leads $161m round for India's Janalakshmi
TPG Capital has led a INR10.3 billion ($161 million) funding round for Indian microfinance lender Janalakshmi Financial Services.
SoftBank Vision Fund leads $250m round for India's Oyo
SoftBank Vision Fund, the global technology investment vehicle managed by Japan’s SoftBank Group, has led a $250 million Series D round for Indian online hospitality platform Oyo.
VCs commit $11m to India's Lendingkart
A group of VC investors including Sistema Asia Fund has committed INR700 million ($10.9 million) to Indian fintech platform Lendingkart Technologies.
Q&A: Bain Capital Credit's Barnaby Lyons
Barnaby Lyons, managing director and head of Asia at Bain Capital Credit, discusses the opportunities available in the region’s private credit space and the changing attitudes of investors toward the space