India
Oak Hill exits India's Vertex to strategic buyer
Oak Hill Capital Partners has reportedly exited its stake in the India branch of business process outsourcing (BPO) company Vertex Data Science to domestic mobile communications company Altruist.
Warburg Pincus commits $125m to India logistics start-up
Warburg Pincus has agreed to invest up to $125 million in an India-based supply chain services start-up founded by Anshuman Singh, who previously spent nine years as head of Future Supply Chain Solutions.
India's Mandala reaches $140m first close on Fund II
Mandala Capital, a South Asia-focused PE firm that invests in the agricultural sector, has reportedly reached a first close of about $140 million on its second fund.
Apollo, ICICI to form India distressed asset JV
Apollo Global Management and ICICI Bank have agreed to launch a joint venture for investments in distressed assets in India.
Sequoia leads $12m round for India's Healthkart
Sequoia Capital India has led an INR800 million ($12 million) Series E round of funding for Indian online health products vendor Healthkart.
The Chatterjee Group buys Mitsubishi India unit for $48m
US-based private equity firm The Chatterjee Group has agreed to pay about $48 million for a 90% stake in an Indian unit of Mitsubishi Chemical Corporation (MCC).
Green House, WiL partner on $52m India fund
India's Green House Ventures (GHV) Accelerator will partner with Japan and US-based early-stage investor World Innovation Labs (WiL) to launch a INR3.5 billion ($52 million) fund for investments in Indian start-ups.
KKR set for $576m windfall from Gland Pharma exit
KKR will exit India-based Gland Pharma as Shanghai Fosun Pharmaceutical acquires a majority stake in the business for up to $1.26 billion. KKR’s share of the proceeds will be $576.3 million, more than twice what it invested in Gland in 2014.
O3 targets $150m for India hospitality fund
Indian boutique investment bank O3 Capital has launched a fund targeting $120-150 million that will focus on domestic, early-stage hospitality sector investments.
Deal Focus: IvyCap sees upside in India's online jewels
Bluestone's work to reshape India's jewelry industry and change customers' attitudes appeals to the domestic VC firm
India's Myntra to buy Rocket-backed Jabong
Myntra, the Indian fashion retailer backed by e-commerce giant Flipkart, has agreed to buy its main rival Jabong from Rocket Internet's Global Fashion Group (GFG).
India's Quikr buys VC-backed Hiree
Indian classifieds site Quikr has acquired Hiree, an online hiring platform focused on white collar jobs and backed by IDG Ventures.
Accel, Helion in funding round for India's Qwikcilver
Indian gift card technology provider Qwikcilver has raised a new round of funding with participation from existing investors Accel India and Helion Venture Partners.
Bertelsmann leads $17m Series B for India's Treebo
Bertelsmann India Investments has led a INR1.12 billion ($17 million) Series B round of funding for Indian budget hotel chain Treebo.
Rocket, Kinnevik commit $33m to fashion portal
Rocket Internet and Sweden's AB Kinnevik have committed another EUR30 million ($33 million) to emerging markets-focused online fashion portal Global Fashion Group (GFG).
IFC to invest $15m in India-based Byju's
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a $15 million investment in Indian education start-up Byju’s.
Blackstone makes another partial exit from India's Gokaldas
The Blackstone Group has sold down stock worth INR2.9 billion ($4.3 million) in India-listed garment manufacturer Gokaldas Exports as part of an ongoing exit from the company.
CDC to invest $149m in India Infoline Finance
CDC Group, the UK government-owned development finance institution (DFI), has agreed to invest INR10 billion ($149 million) in IIFL Holdings’ non-banking finance company (NBFC) India Infoline Finance.
Brookfield, State Bank of India plan $1b distress fund
Canada’s Brookfield Asset Management has signed a preliminary agreement with the State Bank of India (SBI) to invest about INR70 billion ($1 billion) in stressed assets in India.
TPG buys control of India maternity hospital operator
TPG Capital’s growth investment arm has paid $33 million for a significant majority stake in Rhea Healthcare, which operates a network of mother and child care centers in India under the Motherhood brand.
IFC to support Unitus-backed emerging markets accelerator
The International Finance Corporation (IFC) plans to support an accelerator fund launched by Capria Ventures – an impact investment firm sponsored by Unitus – that will focus on South and Southeast Asia, Sub-Saharan Africa and Latin America.
IIFL leads $30m round for India's BlueStone
IIFL Asset Management has led a INR2 billion ($30 million) Series D round for online jeweler BlueStone.
ChrysCapital, Reliance among anchors in L&T Infotech's Indian IPO
ChrysCapital Investment Advisors India and Reliance Capital were among the anchor investors in L&T Infotech ahead of the IT services company’s INR12.4 billion ($184 million) Indian IPO.
NSR completes exit from India's VRL
New Silk Route (NSR) has exited its remaining stake in Indian logistics firm VRL Logistics.