India
Actis raises $2.75b for emerging markets energy fund
Actis Capital has closed its fourth emerging markets energy fund at the hard cap of $2.75 billion, after just seven months in the market. It will invest in Asia, Africa and Latin America.
IDG, Axilor launch India early-stage fund
IDG Ventures India has partnered with Axilor Ventures for a program that will discover and fund disruptive technology start-ups in the country.
Khazanah-backed fund part exits India's Apollo Hospitals for $160m
Integrated Healthcare Holdings (IHH), which is majority-owned by Malaysian sovereign wealth fund Khazanah Nasional, has sold part of its stake in India's Apollo Hospitals for INR10.7 billion ($160 million).
Quona, Accion close $141m global fintech fund
Quona Capital and emerging markets microfinance group Accion International have closed a $141 million global venture fund dedicated to financial technology. It will focus in part on India and Southeast Asia.
Alibaba, SAIF invest $200m in India's Paytm
Chinese e-commerce giant Alibaba Group and SAIF Partners have invested $200 million in the online marketplace unit of Indian online payments platform Paytm.
Fund focus: ChrysCapital banks on reputation with Fund VII
Having fully realized its first four funds and returned more than 100% of the fifth, ChrysCapital had a strong exits story to tell in raising $600 million for Fund VII
CDC, Manipal commit $20m to India's iGenetic
Indian healthcare testing firm iGenetic Diagnostics has raised INR1.3 billion ($19.9 million) from UK-based development finance institution (DFI) CDC Group and Indian conglomerate Manipal Education & Medical Group.
Providence completes exit from India's Idea Cellular
Providence Equity Partners has exited its remaining 3.3% stake in Indian mobile network operator Idea Cellular for INR12.9 billion ($193 million).
India: Draining the PIPEs
PIPE deals remain a significant part of private equity in India, but a slowdown in recent years has prompted investors to evaluate strategies and the place for public market deals in private portfolios
India's Updater Services gets $15m from Motilal Oswal
Motilal Oswal Private Equity (MOPE) has invested INR1 billion ($15 million) in Indian facilities management company Updater Services.
Sequoia leads $10m round for India's Belong
Sequoia Capital India has led a $10 million Series B funding round for Bengaluru-based online recruitment platform provider Belong.
IL&FS, Lone Star form $550m India distress partnership
India’s Infrastructure Leasing & Financial Services (IL&FS) has launched a $550 million fund to invest in domestic distressed infrastructure assets with US-based GP Lone Star Funds.
IDFC exits India's Essar Power for $87.1m
IDFC Alternatives has fully exited its stake in Indian power plant operator Essar Power for INR5.8 billion ($87.1 million).
IFC considers $100m investment in Indian solar
The International Finance Corporation (IFC) has proposed a $100 million investment in Indian infrastructure-focused non-banking financial company (NBFC) L&T Infrastructure Finance (LTIF) to support solar energy projects in the country.
ChrysCapital raises $600m for seventh India fund
ChrysCapital has closed its seventh India fund with more than $600 million, beating its target.
CDC, Manipal launch $80m emerging markets healthcare fund
UK-based development finance institution (DFI) CDC Group has partnered with India’s Manipal Education & Medical Group for an $80 million fund targeting healthcare investments in emerging markets.
Kalaari leads $15m round for India's Urban Ladder
Kalaari Capital has led a INR1 billion ($15 million) funding round for Indian online furniture retailer Urban Ladder.
China's Shunwei makes debut India investment
China’s Shunwei Capital Partners has made its first investment in India, contributing $3 million to the second tranche of a Series A round for used car trading platform Truebil.
SAIF completes exit of India's MakeMyTrip
SAIF Partners has exited its remaining stake in US-listed Indian online travel agent MakeMyTrip.
Blackstone's India co-head leaves to run own firm
Matthew Cyriac (pictured), co-head of The Blackstone Group’s India private equity team, has left the firm to run his own asset management business.
Impact investors and Asian banks: Developing interest
Despite the rise of non-banking finance companies, traditional banks in emerging markets still appeal to impact investors. Using them to their potential means adapting to each market
IFC proposes $15m investment in India's Clean Max
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $15 million to Indian solar power company Clean Max Enviro Energy Solutions.
India's PE-backed ReNew raises $200m from Japan strategic
Indian PE-backed renewable energy producer ReNew Power Ventures has raised $200 million from Japanese energy producer JERA.
Blume Ventures forms alliance with Draper Venture Network
Draper Venture Network (DVN), a global alliance of VC investors formed by US-based Tim Draper (pictured), has chosen early-stage GP Blume Ventures as its member for India.