HILLHOUSE CAPITAL
360 ONE, TR Capital among buyers eyeing Paper Boat early backers stake
Private equity firms, including 360 ONE and TR Capital, are negotiating to acquire a stake in Hector Beverages. Existing investors, such as A91 Partners and Sofina, explore partial exits from their investments. Other early backers intend to sell their entire stakes ahead of the planned IPO in 2027. Hector Beverages expects significant revenue growth, forecasting Rs 1,000-1,200 crore in FY27.
Global Market: DayOne pushes ahead with potential November IPO amid data center scrutiny
Data center operator DayOne is preparing for a potential US IPO in November, targeting a valuation near $20 billion. The company plans to file with the SEC in October amid heightened investor scrutiny of AI infrastructure, financing costs, customer concentration, secured power capacity and contracted revenues as IPO markets become more selective.
Data centre IPO hopefuls brave tougher market as investor scrutiny grows
The Singapore-based company develops and operates data centers for cloud and AI customers. It plans to make its filing with the US Securities and Exchange Commission public in mid-October and list in November, the people said, speaking anonymously to discuss confidential matters. The plans, including the timing of the IPO, are subject to change, the people cautioned. DayOne declined to comment.
Data center IPO hopefuls brave tougher market as investor scrutiny grows
Data center operator DayOne is pushing ahead with its plans to go public as soon as November, according to three people familiar with the matter, even as higher interest rates and setbacks elsewhere in the data center ecosystem threaten to narrow
Elevate Campuses raises Rs 945 crore from anchor investors
Mumbai's Elevate Campuses has completed a remarkable ₹945 crore fundraising round, attracting an array of anchor investors, including the prominent State Bank of India Mutual Fund. The initiative drew participation from 20 firms globally, with significant contributors like Norges from Norway. The full subscription of the anchor investors' segment showcases an increasing enthusiasm for the education sector among financial entities.
Hill-house backed Elevate Campuses raises Rs 945-crore anchor book
Hillhouse-backed Elevate Campuses raised Rs 945 crore from 20 anchor investors, including major mutual funds and Norges. The amount represents 60% of its QIB allocation ahead of its Rs 2,100 crore IPO, which opens Wednesday and closes Friday.
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China's DeepSeek hires dealmaker as CFO ahead of possible IPO
A CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure processes required for a listing.
Singapore-based Hillhouse plans to double India investments with real estate, data centres in focus
Hillhouse Investments plans to significantly increase its India real estate and data center investments. The firm aims to double its current commitments within the next two to three years. India's developing real estate market presents substantial long-term growth opportunities for the company. Hillhouse is building a full-stack platform and a separate co-investment pool for data centers.
Hillhouse buys minority stake in Carlyle-backed Quest Global at $4.5b valuation
Hillhouse Investment has bought a minority stake in Quest Global, an engineering services firm. The deal value was not disclosed. Quest Global operates globally with over 21,000 employees. This investment is part of the company's pre-IPO fundraising. Quest Global is also considering moving its parent entity to India for a potential listing on Indian stock exchanges.
Hillhouse set to buy 5% in Quest Global
Asia-focused Hillhouse Investment Management is nearing a deal to acquire a 5% stake in Quest Global. The engineering services firm is valued at approximately $4.5 billion. This investment is part of Quest Global's pre-IPO fundraising. Singapore's Temasek may also secure a smaller stake. Quest Global is also considering a reverse flip to list on Indian stock exchanges.
Hillhouse joins Temasek in race for up to 6% stake in Quest Global
Hillhouse Investment Management is vying with Temasek for a stake in Quest Global. The deal is valued at approximately $4.5 billion. This investment is part of Quest Global's pre-IPO fundraising. A decision on the new investor is expected soon. Quest Global is preparing for a potential IPO and may relocate its headquarters to Bengaluru.
Hillhouse bids highest to buy healthcare BPO GeBBS from Chrys Cap for $870 mn
GeBBS Healthcare Solutions, a Los Angeles-based healthcare BPO firm, is nearing acquisition by Hillhouse Investment, which has offered about $870 million. The final decision is expected in two weeks as ChrysCapital holds another round of negotiations. The acquisition will potentially see industry veterans Gautam Barai and Gautam Narayan at the helm.
Hillhouse Investment plans to set up IT-enabled BPM platform
The proposed investment will be in the range of $300-400 million. Novarete plans to expand its IT-enabled BPM platform in the healthcare, insurance and select banking and financial services (BFSI) sectors through organic growth and acquisitions. With the significant capital commitment from Hillhouse, Novarete plans to expand its team within a couple of months, said sources.
From investments in Tencent to Zoom, Hillhouse founder Lei Zhang is one of the world’s richest financiers
Zhang met with Zoom’s Yuan in Menlo Park, California, before an early funding round in February 2015. Yuan explained the business and his engineering work at another video conferencing site WebEx, according to a person familiar with the talks.
EpiFi scores $13 million in its seed round
Funding tap is open for a host of ventures Sequoia Capital, Ribbit Capital, others pitch in.
Cred closes $120m round as valuation jumps to $450m
Freecharge founder Kunal Shah, who launched Cred as his second venture, has positioned the company as a platform for all forms of credit card bill payments.
DST may back PhonePe's $1 billion raise
PhonePe, which recently crossed 3-billion-transactions landmark on its platform, is believed to be looking at a valuation in the range of $8 -12 billion.
Kunal Shah’s Cred in talks for $100 million from Hillhouse, others
Top funding deals in the works in startupland Sequoia and other existing investors likely to lead new round, valuing the firm at $400 million
Swiggy raises mega $1 billion round, valuation swells to $3.3 billion
Existing backer Naspers to lead the round which has seen the entry of new investors Tencent, Hillhouse Capital and Wellington Management
CarDekho raises $100 million in latest investment round
The funding round led by Sequoia Capital’s global growth fund as well as existing investor Hillhouse Capital, values the Gurgaon-based firm at $400-$500 million.
Miniso records sales at Rs 700cr for first year, experts sceptical
Earlier this month, Miniso raised $145 million (Rs 1,070 crore) from Tencent and Hillhouse Capital.
CarDekho sees revenues grow 40% in FY18 even as losses fall by almost 50%
The Gurgaon-based firm has seen the segment add significant heft to its balance sheet with FY18 revenues growing about 40% to come in at Rs 160 crore from Rs 114 last year.
Swiggy in talks to raise up to $500 million, valuation may hit $2.5 billion
This will be Swiggy’s third round of funding this year as its rivalry with Ant Financial-backed Zomato escalates.
CarDekho owner Girnar Software Raises Rs 16 crore from Sequoia Capital in internal round
CarDekho, which competes with players like CarTrade and Quikr's auto vertical, last raised about $15 million ( Rs 96 crore) from Google Capital and Hillhouse Capital in March 2016.
CarTrade acquires vehicle inspection Adroit Inspection
The acquisition was made about three months after the Mumbai-based company raised $55 million in a fresh round of funding co-led by its existing backer Temasek and a US-based family office, whose name was not disclosed.
CarDekho raises undisclosed sum in fresh funding round led by Google Capital
The latest round will see the company use the proceeds towards creating a larger sales team as well as focus on creating a more immersive consumer experience.
Girnar Software raises funds from Google Capital
The latest investment follows a $50 million funding round led by Hillhouse Capital, with participation from Sequoia Capital and Tybourne Capital, the company said in a statement.
CarDekho.com raises $50 million in second round of fund infusion
CarDekho.com, the flagship portal of GirnarSoft, has raised USD 50 million (over Rs 300 crore) in the second round of fund infusion.
CarDekho raises Rs 307 cr in fresh funding round
CarDekho.com has raised $50 million, or about Rs 307 crore, in a new round of funding led by Chinese funds Hillhouse Capital and Tybourne Capital.
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