Private Equity
DealStreetAsia had first written about its fundraising development in May 2023.
India-focused private equity giant Kedaara Capital closes fourth fund at $1.73b
Indian NBFC Northern Arc raises $80m in debt and equity from IFC
US seeks 3 years imprisonment for Binance founder Zhao
Bahrain's Investcorp sets up $1b fund backed by China's CIC
Hong Kong bourse names Carlson Tong as its new chairman
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Indonesian B2B commerce startup Sinbad set to merge with brand aggregator Tjufoo
More LPs are looking at structured approach to impact assessment, says ABC Impact exec
Healthcare funds looking to cash in on India’s ageing population, higher disposable income
TikTok’s push into Vietnamese e-commerce could face regulatory hurdles: expert
SG fintech firm Atome Financial’s revenue doubled in 2023
Deals
Dutch development bank FMO has also proposed to invest $75 million in the NBFC.
The financing was also backed by investors like Aanya Ventures, Subrata Mitra, and Radhika Pandit among others.
Airtel is the largest shareholder in telecom infrastructure developer Indus Towers with a 47.95% stake.
Venture Capital
Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and CAC Capital also participated in the fundraise.
Analysis
HealthQuad, Somerset among others raising healthcare-focused funds in the country.
The LP View
Maiden vehicles in India amassed only $15m during the first quarter of this year.
People
Gupta is reportedly planning to launch a secondary-focused fund.
The regulator earlier this year sent notices to a dozen Adani group’s offshore investors.
Silverneedle Ventures, BIG Global Investment, and IvyCap Ventures also participated.