India
Deal focus: Vertex sees silver lining for CloudCherry
Venture capital investors back CloudCherry's comprehensive, technology-enabled approach to helping corporates better understand their customers in India
Q&A: LeapFrog Investments' Pritesh Modi
In its eight years in Asia, LeapFrog Investments has kept lower-income consumer finance at the center of its investment strategy. Pritesh Modi, director and chief actuary at the firm, discusses the value of a narrow focus
India logistics: Wheels within wheels
A confluence of macro influences is driving demand for modernized logistics in India. Private equity is likely to benefit in a number of areas, but informed targeting and value-add approaches will be key
India's YourNest launches $45m early stage fund
Indian venture capital firm YourNest has launched its second fund for early-stage investments with a target size of INR3 billion ($45.1 million).
CDC commits $50m to India's RBL Bank
UK development finance institution CDC Group has invested INR3.3 billion ($49.7 million) in Indian private lender RBL Bank.
Vertex leads $6m round for India's CloudCherry
Vertex Ventures, the VC arm of Singapore's Temasek Holdings, has led a $6 million Series A round for Indian customer experience management platform CloudCherry alongside Cisco Investments, the corporate VC arm of Cisco Systems.
Unitus joins Series B for India's Leaf
US-based venture capital fund Unitus Impact has joined a Series B round for Indian produce logistics firm Lawrencedale Agro Processing, operator of the fruit and vegetable brand Leaf.
India's Pepperfry gets $31m Series E round
Indian online furniture marketplace Pepperfry has raised a $31 million Series E round from a group of investors including Norwest Venture Partners, Bertelsmann India Investments, Zodius Technology Fund and Goldman Sachs.
WestBridge leads $40m round for India's Aptus
WestBridge Capital Partners has led a INR2.7 billion ($40.4 million) funding round for Indian home lender Aptus Housing Finance India.
Private debt: Pulling uphill
Selling Asian LPs on private credit strategies remains difficult for the most part, but fund managers are generally confident that interest in the asset class is set to take off
Bessemer leads $15m round for India's Swiggy
Bessemer Venture Partners has led a $15 million Series D round for Indian online food delivery start-up Swiggy.
ChrysCapital leads $149m round for India's Hero FinCorp
Indian non-banking financial company (NBFC) Hero FinCorp has raised more than INR10 billion ($149 million) from investors including ChrysCapital, Credit Suisse and its parent, the Hero Group.
Singapore’s ViSenze raises $10.5m Series B
ViSenze, an e-commerce-focused artificial intelligence (AI) company based in Singapore, India and the US, has completed a $10.5 million Series B funding round led by Rakuten Ventures, WI Harper and Enspire Capital.
Multiples raises $690m for second India fund
Multiples Alternative Asset Management has reached a final close of $690 million on its second India-focused fund, beating the target of $650 million.
India's VC-backed Citrus Pay sold to Netherlands strategic
Citrus Pay, an India-based online and mobile payment solutions developer backed by Sequoia Capital, Ascent Capital and Beenos, has been acquired by Netherlands-based rival PayU.
Deal focus: InnoVen targets India-Southeast Asia angle
Having gained traction with its venture debt proposition in India, Innoven Capital is now following those same portfolio companies as they expand into Southeast Asia
India's Quikr buys VC-backed StayGlad
Indian classifieds site Quikr has bought StayGlad, an online marketplace for beauty services backed by Bessemer Venture Partners.
Deal focus: IVFA pushes Seedworks’ hybrid agenda
Hybrid rice has yet to achieve meaningful penetration of India's agriculture sector. India Value Fund Advisors is backing Seedworks International ride the expected growth wave
IVFA buys India's Seedworks
India Value Fund Advisors (IVFA) has bought a majority stake in India-based agricultural research firm Seedworks International.
CDPQ, KIA back ICICI-Tata power projects platform
Canadian pension plan Caisse de depot et placement du Quebec (CDPQ) and Kuwait Investment Authority (KIA) have backed a platform launched by India’s ICICI Venture and Tata Power that will invest in domestic power projects.
Sequoia, Zuckerberg lead $50m round for India's Byju's
Indian education start-up Byju’s has received a $50 million funding round led by Sequoia Capital and the Chan Zuckerberg Initiative (CZI), a vehicle established by Facebook CEO Mark Zuckerberg and his wife Priscilla Chan.
Indian government commits $75m to domestic start-ups
The Indian government has made a fresh INR5 billion ($75 million) commitment to its Startup India campaign, which aims to drive bank financing for early-stage companies while offering workshop and incubator services.
India's InnoVen invests $6m in Capillary, Simplilearn
Indian venture debt firm InnoVen Capital has committed a total of $6 million in structured debt financing to cloud-based software provider Capillary Technologies and educational technology start-up Simplilearn.
Premji invests in India's Lenskart
PremjiInvest, the family office of Wipro Group chairman Azim Premji, has invested in Indian online eyewear retailer Lenskart.