India
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.
Fairfax buys India's Privi Organics for $55m
Fairfax India, the India unit of Canada-based Fairfax Financial Holdings, has agreed to buy Mumbai-based aroma chemicals maker Privi Organics for INR3.7 billion ($55 million).
Nalanda part exits India's Carborundum Universal
Nalanda Capital has sold shares worth INR4.4 billion ($65.1 million) in Indian industrial materials company Carborundum Universal.
Tiger to sell Caratlane for $53m
Tiger Global Management will sell its stake in online jewelry retailer Caratlane for INR3.6 billion ($53 million) to jeweler and watchmaker Titan.
India’s VC-backed Yatra Online agrees backdoor US listing
VC-backed Yatra Online, an Indian travel services provider, has agreed to be acquired by a special purpose US buyout firm as part of a backdoor NASDAQ listing scheme that values the company at $218 million.
Creador invests $18m in India's Corona Remedies
Creador has committed INR1.2 billion ($17.6 million) to India-based pharmaceutical developer Corona Remedies.
KKR commits $78m to India's Kwality
KKR has agreed to invest INR5.2 bilion ($77.7 million) in Indian dairy products provider Kwality in a structured finance transaction.
BOV Capital launches $14.9m Sri Lanka VC fund
Sri Lanka and Singapore-based venture firm BOV Capital has launched its maiden INR1 billion ($14.9 million) vehicle, with a mandate to invest in early-stage Sri Lankan technology companies.
CX Partners, Capital Square to exit India's Minacs to US strategic
CX Partners and Capital Square Partners have agreed to exit India and US-based business process outsourcing (BPO) firm The Minacs Group to US-based BPO provider Synnex.