India
VC secondaries: Trading unicorns
Secondary investors are seeing more deal flow in the venture capital space as GPs seek to generate returns on assets that are taking longer than expected to go IPO. Valuations remain a sticking point
Blackstone exits Indian newspaper publisher
The Blackstone Group has exited its entire stake in Jagran Media Network, the holding company of Indian newspaper publisher and media platform Jagran Prakashan.
Sequoia-backed Prataap refiles for India IPO
Prataap Snacks, an India-based snacks maker backed by Sequoia Capital, has refiled for an IPO following a change in its shareholding structure.
LP interview: Verlinvest
Verlinvest has built strong consumer sector presence in Asia through PE fund commitments and direct deals. Nicholas Cator, an executive director at the family office, says the latter are more important than the former
Zombie start-ups: On the same side
Zombie companies present a special challenge for VC investors, whose exit goals may not match the aims of the founders. Successful GPs will try to ensure a positive experience for all parties
Sequoia leads $18m Series C for India's OneAssist
Sequoia Capital India has led an $18 million Series C funding round for Mumbai-based payment security system company OneAssist.
NewQuest opens India office
Dedicated Asia secondaries investor NewQuest Capital Partners has opened an office in Mumbai, its third in the region. The firm has invested $200 million in India over the last two years and expects its investment pace to increase in the near term.
Secondary investors pay $600m for LP stakes in IDG VC funds
IDG Capital has completed a secondary deal worth nearly $600 million, selling down LP positions in at least seven funds managed by affiliates in India and Vietnam as well as by the GP itself in China. These holdings were acquired as part of the purchase...
Matrix, Falcon Edge join $31m round for India's Mswipe
Indian mobile point-of-service (POS) developer Mswipe has raised a $31 million funding round led by RNT Capital Advisors, with participation by existing investors Matrix Capital Partners, Falcon Edge Capital and DSG Consumer Partners.
Lightspeed leads $4m Series A for India's Darwinbox
Lightspeed India Partners has led a $4 million Series A round for Indian human resources (HR) services platform operator Darwinbox.
PE-backed IEX files for India IPO
Online energy trading platform India Energy Exchange (IEX) has filed for an IPO, providing a partial exit for several private equity backers.
Eight Roads leads $12.5m Series C for India's Unbxd
Eight Roads Ventures has led a $12.5 million Series C funding round for Unbxd, an India-founded e-commerce services company now headquartered in the US.
Co-founders depart India VC debt provider InnoVen
Ajay Hattangdi (pictured), co-founder, group CEO and COO for India at venture debt firm InnoVen Capital, has left the firm along with co-founder and deputy CEO Vinod Murali. They plan to launch a fund of their own.
OPIC to invest $195m in India, Indonesia
The Overseas Private Investment Corporation (OPIC), a development finance institution (DFI) backed by the US government, has approved $195 million for investments in India and Indonesia.
Tata targets $600m for second opportunities fund
Tata Capital is looking to raise $600 million for the second Tata Opportunities Fund, a private equity vehicle that invests in Tata group entities as well as other independent Indian businesses.
Warburg Pincus to invest $360m in Tata Technologies
Warburg Pincus has agreed to invest $360 million in Tata Technologies, the engineering outsourcing and product development IT services arm of Indian conglomerate Tata Group.
Blackstone completes dividend recap of India's Mphasis
Indian IT services provider Mphasis has issued $500 million in bonds, the proceeds of which will be used to recapitalize its debt and make a dividend payment to majority owners The Blackstone Group and GIC Private.
Sequoia India hires Deutsche Bank tech investor as MD
Sequoia Capital has hired Piyush Gupta, the former head of technology, media and telecom (TMT) investment banking at Deutsche Bank, as a managing director in its India unit.
Sequoia leads $9m Series A for India's MoneyTap
Sequoia Capital India has led a $9 million Series A round for domestic financial technology start-up MoneyTap.
Nexus, Founders Fund invest $7m in India's HyperTrack
Nexus Venture Partners and Founders Fund have committed $7 million in Series A funding to Indian location-tracking tool developer HyperTrack.
India's Fireside reaches $28m first close on debut fund
Fireside Ventures, an Indian VC firm set up by Helion Venture Partners co-founder Kanwaljit Singh (pictured), has reached a first close of INR1.8 billion ($28 million) on its debut fund.
India's Lendingkart raises $7.8m growth round
Indian commercial lender Yes Bank has extended a INR500 million ($7.8 million) loan to domestic VC-backed finance platform provider Lendingkart.
India, Russia investors form $200m cross-border IT fund
India-listed Srei Infrastructure Finance and Russia’s state-backed Vnesheconombank have agreed to establish a $200 million fund that will promote IT and innovation exchange between the two countries.
IDG partners Unilever, AWS on India early-stage program
IDG Ventures India has joined Unilever Ventures and Amazon Web Services (AWS) for an initiative aimed at supporting early-stage technology start-ups in India.