India: Orb Energy raises $15m in equity, debt to expand operations

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As part of this round, FMO provided $4m in equity while $10m in long-term debt has come from OPIC.

ADB to extend $150m loan to Vietnam for rural development

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The loan from ADB is expected to help develop basic infrastructure across key sectors including trade, transport, health, and agriculture.


India: Veritas Finance raises $10m from CDC Group

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Existing investor Lok Capital also participated in this round of funding.


India: Essel’s Subhash Chandra launches non-profit accelerator for media startups

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The program has been launched in association with the Essel Group and will be powered by TiE Mumbai, a non-profit global community.


India: IndusInd Bank to set up impact financing unit

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IndusInd sees a big opportunity in impact financing as it feels it is an underserved area, given that most mainstream banks are unable to underwrite such loans due to high risk perception.


One to Watch to raise new $20m impact investment fund for Nepal

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One to Watch aims to invest in 15 companies with the new fund, with ticket sizes of $300,000-1 million. Supporters of the fund include Peter Tropper, the former chief investment officer in IFC’s private equity group, and the Dutch Good Growth Fund (DGGF) that supports development-related investments in low and middle-income countries.


Renewable energy firm Greenlight Planet raises $60m led by Apis Partners for Asia push

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The debt and equity round also saw the participation of Eight Roads Ventures and Bamboo Capital Partners


Rockstart Impact enters Myanmar, seeks startups for first accelerator programme

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Rockstart Impact’s accelerator programme in Myanmar is open to applicants until January 19 and will start on March 5.


India: IFC invests $15m in Warburg Pincus-backed CleanMax Solar

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The funding by IFC takes CleanMax’s total institutional fundraising to $100 million.


BHP Billiton, Goldman back Australian solar project nestled among banana crops

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Miners are accelerating efforts to examine renewable power generation and storage in an act of self-help.