India
India, UK launch $620m green infra PE fund
The governments of India and the UK have launched a private equity fund with a target of GBP500 million ($620 million) to invest in sustainable infrastructure projects in India.
India's Flipkart confirms $1.4b downround
Indian e-commerce giant Flipkart has confirmed an investment of $1.4 billion from Microsoft, eBay, and China’s Tencent Holdings at a post-deal valuation of $11.6 billion, down from $15 billion as of its previous round.
IFC set to re-up as LeapFrog seeks $800m for Fund III
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed an investment of up to $25 million in LeapFrog Investments’ emerging markets-focused third fund, which is targeting as much as $800 million.
True North-led group to buy Religare Health Insurance for $162m
A consortium led by True North Managers will buy a majority stake in India’s Religare Health Insurance (RHI) for INR10.4 billion ($162 million).
Warburg Pincus invests $77m in Indian jeweler
Warburg Pincus has committed INR5 billion ($77 million) to Indian jewelry retailer Kalyan Jewellers.
Deal focus: True North keeps healthcare ball rolling
Having turned down Kerala Institute of Medical Sciences once due to potential conflicts of interest, True North moved quickly to deploy $200 million when presented with a second opportunity to invest in the hospital chain
Mahindra leads $21m round for India's Medwell
Mahindra Partners has led a $21 million Series B round for Indian home healthcare start-up Medwell Ventures, operator of Nightingales Home Health Services.
Multiples acquires India's PeopleStrong
Indian private equity firm Multiples Alternative Asset Management has acquired a controlling stake in domestic human resource (HR) services and technology company PeopleStrong.
Capital Square agrees Essar BPO carve-out
Singapore-based Capital Square Partners has agreed to acquire business process outsourcing (BPO) service provider Aegis from Indian conglomerate Essar Group.
IFC proposes $20m investment in Indian MFI
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a $20 million investment in Indian microfinance institution (MFI) RGVN Microfinance.
India's PE-backed Byju's gets $30m
Indian online education start-up Byju’s has received a $30 million investment from Verlinvest, an investment holding company created by the founders of Anheuser-Busch InBev.
Deal focus: Carlyle backs Delhivery's cutting edge
The Carlyle Group believes Delhivery has the business model, technology and management expertise to fill the gap in India's high-end e-commerce logistics market
B Capital leads $25m Series C for India's Icertis
B Capital Group - a VC firm launched by Facebook co-founder Eduardo Saverin - has led a $25 million Series C round for Icertis, an India and US-based company that provides cloud-based contract management software.
Providence to scale back India operations
Providence Equity Partners, which invests globally in communications and media-related companies, is scaling back its India business, with country head Biswajit Subramanian (pictured) set to leave the firm.
True North invests $200m in India hospital chain
Indian private equity firm True North - formerly known as India Value Fund Advisors (IVFA) - has invested $200 million in domestic hospital chain Kerala Institute of Medical Sciences (KIMS).
LP interview: Adveq
Active in Asia for about two decades, fund-of-funds Adveq has a preference for China and India, and a relatively strong bias towards VC. Jun Qian, head of China investment, explains what he wants in a GP
KKR, CPPIB invest $953m in India's Bharti Infratel
KKR and the Canada Pension Plan Investment Board (CPPIB) have invested INR62 billion ($953 million) in the cell tower arm of Indian telecom services provider Bharti Airtel.
India's Intex launches VC fund, backs local mobile player
Indian electronics manufacturer Intex Technologies has launched a technology-focused venture capital fund and made its first investment in online media platform Rooter.
Deal focus: BlackBuck climbs the logistics ladder
BlackBuck receives $70 million in Series C funding as it continues its mission to cure the dysfunction in India's fragmented long-distance trucking industry
India's Kaizen reaches $44m first close on second fund
Indian education-focused GP Kaizen Private Equity has reached a first close of $44 million on its second fund.
Greenko receives $155m from GIC, ADIA
Singapore sovereign wealth fund GIC Private has joined the Abu Dhabi Investment Authority (ADIA) to invest $155 million in Indian renewable energy developer Greenko Energy Holdings.
Fairfax India buys stake in Bangalore airport
Fairfax India Holdings has completed its acquisition of a 38% stake in Bangalore International Airport for INR25 billion ($385 million).
Carlyle, Tiger invest $100m in India's Delhivery
The Carlyle Group has led an investment of more than $100 million in Indian delivery e-commerce logistics service Delhivery. Existing backer Tiger Global Management also took part in the funding round.
WestBridge invests $28m in India's CEAT
WestBridge Capital Partners has invested INR1.8 billion ($28 million) for a 3.5% stake in India-listed tire maker CEAT.