Page 11 - Latest Updates on Venture Capital
Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash
The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years
 "Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash")
Healthtech start-up BeatO raises $33 mn in Series B from Lightrock
Firm provides affordable diabetes care with a focus on people who don't have access to specialists
 "Healthtech start-up BeatO raises $33 mn in Series B from Lightrock")
pi Ventures raises $8 mn for 2nd fund from British International Investment
The second fund was launched in March 2021 with a base target corpus of $75 million and including a green shoe target of $100 million
 "pi Ventures raises $8 mn for 2nd fund from British International Investment")
VC firm Quona Capital announces close of its third fund at $332 mn
Company has invested in more than 17 start-ups in India, has almost 30% of its global team in country
 "VC firm Quona Capital announces close of its third fund at $332 mn")
8i Ventures announces first close of second investment fund worth $50 mn
Early-stage venture capital company says fintech 'single largest opportunity in India'
 "8i Ventures announces first close of second investment fund worth $50 mn")
Shivalik SFB raises Rs 111 crore from venture capital firms, Bharti AXA
The bank has over 5.6 lakh customers and operates through 46 branches and 21 exclusive Business Correspondent branches across northern India
 "Shivalik SFB raises Rs 111 crore from venture capital firms, Bharti AXA")
Bharti Axa Life, Accel infuse over Rs 111 cr as equity in Shivalik SFB
The SFB, an urban coop bank earlier, has a large presence in UP and MP; It has over 560,000 unique customers and runs 46 branches and 21 exclusive Business Correspondent Branches across northern India
 "Bharti Axa Life, Accel infuse over Rs 111 cr as equity in Shivalik SFB")
Made-in-India VCs continue to grow in numbers despite economic headwinds
145 new companies were set up in India in the past two years - 123 in 2021 and 22 in 2022: Tracxn data
 "Made-in-India VCs continue to grow in numbers despite economic headwinds")
We bet on startups catering to the middle of the pyramid: Arkam co-founders
In a Q&A, Bala Srinivasa and Rahul Chandra, explain why it is essential for any company today to service the Middle India market in the country's smaller towns in order to thrive
 "We bet on startups catering to the middle of the pyramid: Arkam co-founders")
Alteria announces first close of third venture debt fund at Rs 1,000 cr
The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors
 "Alteria announces first close of third venture debt fund at Rs 1,000 cr")
Why are Indian start-ups facing such a severe funding winter?
Venture funding data indicates that Indian start-ups are in the middle of a harsh funding winter. While the global situation is not good, the slowdown is more pronounced in India. Let us find out why
 "Why are Indian start-ups facing such a severe funding winter?")
India's share in venture capital funding falls sharply; China surges ahead
The decline in Q3 CY2022 is even sharper on a year-on-year basis
 "India's share in venture capital funding falls sharply; China surges ahead")
Reimagining venture capital
… keeping an eye on democratising finance in India
 "Reimagining venture capital")
Finance ministry panel mulls 'broad-based' regulations for PE/VCs
FinMin panel has sought inputs from the Big Four audit firms
 "Finance ministry panel mulls 'broad-based' regulations for PE/VCs")
Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman
The FM was chairing the performance review of PSBs on credit and other welfare schemes for scheduled castes
 "Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman")
IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman
The council was formed to strengthen governance practices for VCs and start-ups and continue working with govt and its agencies to improve the environment for venture capital in India
 "IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman")
Former Sebi chief Damodaran to head committee to boost PE/VC investments
Finance minister Nirmala Sitharaman in her FY23 budget had proposed to set up the committee
 "Former Sebi chief Damodaran to head committee to boost PE/VC investments")
FinMin sets up panel to address issues faced by venture capital, PE firms
The Finance Ministry has set up a high-level panel headed by former Sebi chairman M Damodaran to look into issues being faced by venture capital (VC) and private equity (PE) investors
 "FinMin sets up panel to address issues faced by venture capital, PE firms")
PE/VC investments fall 80% to a 19-month low in August, says report
The month recorded the highest ever exits at USD 3.1 billion, making it the best month from sell-offs perspective, according to the report by industry lobby IVCA and the consultancy firm EY.
 "PE/VC investments fall 80% to a 19-month low in August, says report")
SoftBank, others in talks to lead $75-million funding in GoMechanic
"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development
 "SoftBank, others in talks to lead $75-million funding in GoMechanic")