ICICI Venture has invested INR 1.2 billion ($18 million) in specialty chemicals maker Anthea Aromatics for what AVCJ understands to be a significant minority stake.
TPG Capital has bought a majority stake in Cancer Treatment Services International (CTSI), a US cancer treatment chain focused on India and South Asia. AVCJ understands that the firm paid $33 million for the 65% stake.
ICICI Venture, the private equity arm of India's ICICI Bank, has reached a first close of $190 million for its fourth private equity fund.
TPG Capital has led a $150 million round of funding for Indian microfinance lender Janalakshmi Financial Services.
Indian education-focused non-banking finance company (NBFC) Varthana has raised INR930 million ($14 million) in Series B funding, led by new investors Kaizen Private Equity and Zephyr Peacock India.
India-based GP Multiples Alternate Asset Management has received a commitment of up to $40.6 million from the International Finance Corporation (IFC), the investment arm of the World Bank, for its latest fund.
Samara Capital has paid INR1.51 billion ($22.7 million) for the Indian division of South African drug maker Adcock Ingram Holdings.
Warburg Pincus is seeking to raise $2 billion for a new China-dedicated fund, which will make investments in the country alongside its latest $12 billion global fund.
One of the first two investments from Gaja Capital's recently closed third fund is a control transaction and Gopal Jain, the firm's managing partner, expects more of the same as the Indian economy matures.
Manila-based online pawnshop PawnHero has raised an undisclosed amount of pre-Series A funding from a group of venture backers.
Apis Partners has invested $25 million in Indian payments service provider Electronic Payments and Services (EPS).
ChrysCapital has reached a first close of nearly $350 million on its seventh India fund. The vehicle, which launched last September, has an overall target of $600 million and a hard cap of $650 million.