India
Iron Pillar reaches $20m first close on debut fund
Indian venture capital firm Iron Pillar Capital Management has reached a first close of INR1.3 billion ($20 million) on its debut India fund.
India's Quikr acquires VC-backed Zimmber
Indian classifieds site Quikr has acquired Zimmber, a provider of household services backed by several VC investors.
India's Ola raises $104m
Indian ride-hailing operator Ola has raised INR6.7 billion ($104 million) from Falcon Edge Capital and RNT Capital Advisors, a VC fund backed by Ratan Tata, chairman emeritus of the company that controls Tata Group.
TPG to invest $50m in India's Dodla Dairy, Proterra to exit
TPG Capital’s growth investment arm has agreed to pay $50 million for a significant minority stake in Indian dairy firm Dodla Dairy. AVCJ understands the deal will provide a full exit for Proterra Investment Partners.
Clairvest commits $74m to India game developer
Canadian private equity firm Clairvest Group has invested $73.7 million in Indian online game developer Head InfoTech.
Alternative exits: Tricks of the trade
Trade sales can provide investors in underperforming companies with an opportunity to reshape their investments, but they must be willing to let go of previous expectations and show flexibility
Accel, Shunwei lead $5m round for India's Mech Mocha
Accel Partners and Shunwei Capital have led a $5 million Series A round for Indian mobile gaming start-up Mech Mocha Game Studios.
Sequoia commits $20m to Indian co-working space Awfis
Sequoia Capital India has committed $20 million in Series B funding to Awfis Space Solutions, a Mumbai-based provider of co-working spaces.
Deal focus: Samara backs facilities services buy-in
Samara Capital has combined Sanjay Management Services and Blue Bell Integrated Facility Services with a view to introducing a higher level of management to India's office buildings
Fund focus: DSG wins with early-stage angle
Deepak Shahdadpuri's DSG Partners Asia has secured $40 million for its second fund, which targets early-stage consumer opportunities in India and Southeast Asia
KKR exits India's Dalmia Bharat for $238m
KKR has sold its entire stake in Indian conglomerate Dalmia Bharat (DBL) for INR15.3 billion ($238 million).
Samara acquires India's Sanjay Maintenance
Samara Capital Partners has acquired Indian facilities management company Sanjay Maintenance Services (SMS) for about $20 million.
Creador exits India’s Somany Ceramics for $50m
South and Southeast Asia-focused mid-market GP Creador has fully exited its investment in Indian tile maker Somany Ceramics for INR3.26 billion ($50.4 million).
India's PE-backed Capacite files for $62m IPO
Capacite Infraprojects, an Indian construction firm backed by Paragon Partners and NewQuest Capital Partners, has filed for a INR4 billion ($62 million) IPO.
India's Ola raises $250m down round
Indian ride-hailing app operator Ola has raised INR16.75 billion ($259 million) in funding at a pre-money valuation of approximately $3 billion – compared to $5 billion for the company’s previous round in 2015.
Lok leads $10m round for Indian diabetes clinic chain
Lok Capital has led a $10 million Series A round of funding for Indian diabetes care provider Dr. Mohan’s Diabetes Specialities Centre.
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.