India: Dhanlaxmi Bank says it expects $18m equity infusion this week

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Thrissur, Kerala-headquartered Dhanlaxmi Bank Ltd is expecting Rs.120 crore in equity infusion from its existing shareholders this week to help bolster its weak capital position, said two people in the know. The funds are in exchange for a preferential allotment of shares in favour of Kapil Kumar Wadhawan, Ravindran Pillai… Read more »

China: CreditEase might invest part of $200m fund in KKR, Blackstone products

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The Beijing-based firm is raising a $200 million global private equity fund that allows people on the mainland to tap assets overseas, with investments starting from $150,000. The two private equity giants are already partners with CreditEase for the product, which has focuses on businesses such as consumer, telecom, healthcare and industrial.


India: Singapore’s Capital Square Partners acquires 55% stake in Indecomm for $90m

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Singapore-based private equity firm Capital Square Partners has  acquired about 55% stake in Indecomm Global Services, a technology-enabled services and outsourcing company, said a Times of India report quoting sources. This deal marks Capital Square’s third acquisition in the Indian IT services industry in last three years. It has also given… Read more »


India: Rubicon Research in talks to raise $36m from Everstone Capital, HNIs

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Rubicon Research Pvt. Ltd, a Mumbai-based contract research and manufacturing services (CRAMS) firm, is raising up to Rs 240 crore ($35 million) from home-grown private equity firm Everstone Capital and a clutch of high-net-worth individuals (HNI), three people aware of the development said. “The company is in advanced talks with Everstone… Read more »


India: IDFC Alternatives plans to raise $100m as private equity

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IDFC Alternatives is looking to raise $100 million in the domestic market as private equity to be used for investment healthcare, education and value-added telecom services, said a Financial Express report quoting sources. The alternate asset management arm of IDFC Ltd invests through three asset classes – private equity, infrastructure and real estate…. Read more »


Australia: Biomedical Translation Fund will help bring new innovations to market

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The fund will invest in commercial medical technologies, and was officially launched by Innovation and Science Minister Greg Hunt on Wednesday. The fund matches every dollar venture capital and super funds invest upto $500 million.


Indonesia’s Go-Jek raises over $550m from KKR, Warburg to battle Uber and Grab

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This is by far the biggest startup to date in Indonesia, and also the largest fund raising round in Southeast Asia.


PICC leads $64m round for China’s Neusoft Xikang

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Alps Electric Co Ltd and other strategic investors in commercial insurance and wearable health devices industries also participated in this round.


Australia: Axicorp secures strategic investment from RGT Capital

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RGT Capital had made a strategic investment in forex and CFD trading firm Axicorp


Former SBCVC partner joins Eight Roads Ventures China team

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Private investment firm Eight Roads Ventures has appointed former Softbank China Venture Capital partner Joe Chang to look after its china ventures team. Starts with immediate effect, Chang will be focusing on enterprise technology, consumer IT, fintech, and services investments. He will be based in the Shanghai office. Chang spent… Read more »