Page 6 - Latest Updates on Venture Capital
magicpin Co-founder Brij Bhushan joins Prime Ventures as full-time partner
Bhushan co-founded magicpin where he was instrumental in magicpin's growth, raising over $100 million from investors including Lightspeed, Zomato and Waterbridge
 "magicpin Co-founder Brij Bhushan joins Prime Ventures as full-time partner")
Banking solutions fintech TransBnk raises $4 million in series A round
The platform has supported over 5,000 accounts, including escrows, and processed more than 50 million transactions
 "Banking solutions fintech TransBnk raises $4 million in series A round")
Large deals power paradigm shift in India's venture capital terrain
Additionally, the total number of high-value deals above $100 million increased from seven to eight
 "Large deals power paradigm shift in India's venture capital terrain")
House of Abhinandan Lodha eyes 30% growth in property sales in FY25
Elaborating on the expansion plan, Lodha said that we have launched more than 6,000 plots in the last three years and we plan to launch more than 2,000 plots by the end of this calendar year
 "House of Abhinandan Lodha eyes 30% growth in property sales in FY25")
Regulations have helped fintechs in governance
Fintechs in India have a young, technologically savvy population and a well-placed digital infra. Steps taken to ensure regulatory clarity and transparency are improving investor sentiment
 "Regulations have helped fintechs in governance")
Sebi proposes revised format for FVCI for filing compliance report
Under the rule, Foreign Venture Capital Investors (FVCI) are required to provide quarterly reports to Sebi in the format specified with respect to their venture capital activities
 "Sebi proposes revised format for FVCI for filing compliance report")
Baazar Style Retail raises Rs 37 cr from Volrado Partners in pre-IPO round
With this, the IPO-bound company's fresh issue size has been reduced to Rs 148 crore, from Rs 185 crore earlier
 "Baazar Style Retail raises Rs 37 cr from Volrado Partners in pre-IPO round")
Budget 2024 sets up Rs 1,000 cr venture capital fund for space economy
Industry welcomes proposal to expand space economy five-fold in 10 years through private sector participation
 "Budget 2024 sets up Rs 1,000 cr venture capital fund for space economy")
PE-VC investment rises 8% to $31.5 billion in Jan-Jun quarter: Report
The amount of funds invested is 30 per cent higher than the July-December 2023 period, the report by industry lobby grouping IVCA and consultancy firm EY said
 "PE-VC investment rises 8% to $31.5 billion in Jan-Jun quarter: Report")
Former Alibaba India head, 9Unicorn partner launch Rs 1,000 cr fund
Both Bahl and Avlani have been involved in investing and managing large portfolios, which includes brands such as Swiggy, Paytm, BigBasket, XpressBees, TaxiForSure, VideoVerse, and PharmEasy
 "Former Alibaba India head, 9Unicorn partner launch Rs 1,000 cr fund")
India's first pvt deeptech hub launches in NCR, aiming to mobilise $100 mn
Collectively, the hub targets to mobilise $100 million in the Indian deeptech ecosystem
 "India's first pvt deeptech hub launches in NCR, aiming to mobilise $100 mn")
Startups taking longer to hit Series A stage, fintech sees dip in avg time
An analysis of 10 sectors that received the most funding in 2023 shows that nine of them experienced an increase in the time taken to reach Series A compared to 2019
 "Startups taking longer to hit Series A stage, fintech sees dip in avg time")
AI deals lift US venture capital funding to highest level in two years
Some are expecting the M&A market for AI startups to pick up in the second half, as tech companies with capital or sought-after stock, from Nvidia to Databricks, have been acquisitive
 "AI deals lift US venture capital funding to highest level in two years")
Venture Capital firm Peak XV Partners most active investor in India: Hurun
According to the index report, Peak XV is followed by Accel which has invested in 25 companies that are poised to become the next generation of unicorns
 "Venture Capital firm Peak XV Partners most active investor in India: Hurun")
VC firm Peak XV Partners emerges top investor in India's start-up ecosytem
The firm made investments in 47 potential unicorns such as Turtlemint, CleverTap, and Classplus.
 "VC firm Peak XV Partners emerges top investor in India's start-up ecosytem")
Fewer startups getting bigger cheques when investors chase returns
There were 465 deals this year, compared to 758 reported in the same period last year
 "Fewer startups getting bigger cheques when investors chase returns")
What we see today is appropriate level of investment: Ben Mathias
Mathias said there is a correction taking place in the ecosystem compared to three years ago when companies were given money unjustifiably
 "What we see today is appropriate level of investment: Ben Mathias")
Investments by PE, VC funds decline 35% in April to $4.4 bn: Report
The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said
Honest deal: PE, VC firms seek trust in firms they fund
No deal can advance without mutual trust. Enhancing trust is achievable by implementing higher governance standards, clear communication, ethical practices
 "Honest deal: PE, VC firms seek trust in firms they fund")
Indian PE, VC investments decline 35% to $39 billion in 2023: Report
The private equity (PE) investments in India dropped by 18 per cent to USD 29.6 billion from a peak value of USD 36 billion in 2022
 "Indian PE, VC investments decline 35% to $39 billion in 2023: Report")