EverSource Capital, a joint venture between private equity firm Everstone Capital and LightSource BP, has acquired Mumbai-based renewable energy company Origin Renewables for an undisclosed amount. Read more… Read More
Warburg Pincus has made an undisclosed investment in Singapore-based mobile virtual network operator Circles.Life. Existing investors include Sequoia Capital India, EDBI, and Founders Fund. Read more… Read More
Eight Roads Ventures led a USD25m Series C in San Francisco and Bangalore-based customer analytics and engagement platform MoEngage, with participation from Matrix Partners India, F-Prime Capital, and Ventureast. Read more… Read More
General Atlantic has made an undisclosed investment in Indian edtech company Byju’s, following an undisclosed investment from Tiger Global Management in January 2020. According to TechCrunch, the round totalled USD200m and that Byju’s is now valued at USD8b. Read… Read More
India-focused private equity fund manager Kedaara Capital has partially exited housing finance company Aavas Financiers via a sale of 3.6m shares for a total of USD93m, with a reported IRR of 83-85%. Read more»… Read More
VC firm Lightbox Ventures led a USD32m Series C in Indian agtech startup WayCool Foods with participation from existing investors FMO and LGT Lightstone Aspada. InnoVen Capital… Read More
Newly established VC firm Indus Valley Capital has reached a USD15m first close of its debut fund targeting early-stage tech opportunities in Pakistan. Investors include Pakistani software company Arbisoft, Pakistani tech solutions firm VentureDive, and international angel investors. Read more»… Read More
The SoftBank Vision Fund invested USD300m in India-based baby product retailer FirstCry. SoftBank has plans to commit a second tranche worth an additional USD100m in January 2021. According to Entrackr, the company is estimated to be valued at USD1.2b, making it the latest unicorn out of India. Read more»… Read More
Caisse de dépôt et placement du Québec (CDPQ) and Piramal Asset Management launched a USD300m platform to target private credit financing opportunities in India across manufacturing, consumer, industrial, healthcare, pharmaceuticals, logistics, and other sectors. CDPQ is contributing 75% of the investment and Piramal will commit the remaining 25%. Read More
Private equity firm Hahn & Company has agreed to buy the biofuels division of South Korea-based SK Chemicals for KRW382.5b (USD322m). It is the private equity firm’s fourth carve-out of an SK Group-owned business. Read more»… Read More
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