India's private equity industry is growing and fund managers are getting seasoned industry veterans to help manage their portfolios and add more value to their investments, The Financial Express reported.

China will continue to attract private equity investors of emerging markets, according to Paul Fletcher of Actis and Sev Vettivetpillai of Abraaj in their talk with Peter Vanham of Financial Times blog beyondbrics.

The co-founders of Bangalore, India-based offline search engine Innoz are seeking $500,000 in seed funding to build a rival app for Jelly which will target the US market.

Noida, India-based e-learning company secured $9 million (INR55 crore) in a Series B funding round led by global education research firm Hobsons for future acquisitions and network expansion.

Rare Enterprises, the company of ace investor Rakesh Jhunjhunwala, picked up 6.85 lakh shares of India-based liquor firm Radico Khaitan via open market in a deal valued at INR11.50 crore.

San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.

Venture capital group Nexus Venture Partners will pour INR30 crore into Pune, India-based cybersecurity company Uniken to fund its expansion into Israel and the US.

Bangalore, India-based rural education services provider Hippocampus Learning Centres (HLC) raised $600,000 (INR3.5 crore) from existing institutional investors to expand its network in the next financial year.

While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.

Indian state-run insurance firm Life Insurance Corp (LIC) sold a 2.001% stake in Pune-based metal forger Bharat forge in a deal valued at INR150.53 crore, reducing its total stake in the company to 5.0205%.