Indian financial services provider Religare Enterprises has sold its stake in Landmark Partners, a US private equity firm specializing in secondary funds.
Start-up incubator Rocket Internet and Sweden's Investment AB Kinnevik have committed EUR300 million ($339 million) to their emerging markets-focused online fashion portal Global Fashion Group (GFG), at a valuation of EUR1 billion.
Helion Ventures and Ventureast have participated in a $12 million Series B round for Indian data security solutions provider Seclore.
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.
Bertelsmann India Investments has invested $5 million in Roposo, a domestic fashion-oriented social network and shopping app provider.
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.
Aarin Capital has anchored the launch of Ideaspring Capital, a venture fund seeking to raise INR1.2 billion ($18.8 million) for investments in Indian technology start-ups.
IDFC Asset Management and consumer electronics manufacturer Micromax Informatics have led a INR1 billion ($15 million) Series C round for Indian digital payments developer TranServ.
Large institutional Asian LPs are looking to boost allocations to alternative assets, including private equity, as they seek to diversify portfolios in response to economic volatility, according to UBS Asset Management.
Rishi Navani, co-founder of Matrix Partners India, has left the GP to start a new investment practice, Epiq Capital.
UCWeb, a mobile browsing services company controlled by China's Alibaba Group, has launched a $20 million program to promote Indian start-ups focusing on games and apps.
Navis Capital Partners has exited its controlling stake in India's Classic Stripes in a buyback led by the family of founder Kishore Musale, with the backing of KKR. The deal is said to be worth INR3.6 billion ($54 million).
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.
Maverick Capital Ventures, the VC affiliate of hedge fund Maverick Capital, has led a INR1 billion ($15 million) Series B round for Indian online pharmaceutical platform 1mg.
India has unveiled significant changes to its e-commerce industry, allowing 100% foreign ownership of marketplaces but restricting these businesses control over pricing. Industry feedback is mixed
Supported by Kaizen and Zephyr Peacock India, non-banking finance company Varthana wants to provide funding to Indian schools that would otherwise go without
TPG Capital has led a $150 million round of funding for Indian microfinance lender Janalakshmi Financial Services.
Religare Enterprises has sold its majority stake in Northgate Capital, a fund-of-funds and direct investment group, to US-based asset manager The Capital Partnership.
Tiger Global and IDG Ventures, along with Russian entrepreneur Yuri Milner, have led a $30 million Series C round for Indian online home rental start-up NestAway.
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.
Mutual fund T. Rowe Price has marked down its valuation of Indian e-commerce giant Flipkart, along with a number of its other technology portfolio companies.
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.
WestBridge Capital Partners has made a public offer to pay INR3.4 billion ($52 million) for a controlling stake in Indian snack maker DFM Foods.
India’s distressed asset sector is seeing a surge in investor interest as regulators indicate support for a tougher approach by creditors. PE investors looking to enter this space must develop sustainable strategies