Page 9 - Latest Updates on Venture Capital
VC firm Avaana Capital announces first close of climate tech fund at $70 mn
Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture
 "VC firm Avaana Capital announces first close of climate tech fund at $70 mn")
Climate-focused VC firm Avaana Capital raises $70 mn in first funding round
This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund
 "Climate-focused VC firm Avaana Capital raises $70 mn in first funding round")
PE/VCs investment in India falls 44% to $3.5 billion, says report
The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively
 "PE/VCs investment in India falls 44% to $3.5 billion, says report")
Sebi likely to change rules to track investments in PE and VC funds
The market regulator is doing this to identify the investors and the source of the money
 "Sebi likely to change rules to track investments in PE and VC funds")
Sequoia's split sends warning to every company doing US-China business
Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China
 "Sequoia's split sends warning to every company doing US-China business")
Sequoia to separate China, India, Southeast Asia businesses by March '24
Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms
 "Sequoia to separate China, India, Southeast Asia businesses by March '24")
Sebi may soon ease compliance norms for PE, VC funds in India: Report
The capital markets regulator had last week sent an email to 20 fund officials asking them to suggest ways to reduce the compliance burden
 "Sebi may soon ease compliance norms for PE, VC funds in India: Report")
Foreign VC funding in India declines 72% as unicorn machines stutter
Foreign money plays a crucial role in start-up funding in India
 "Foreign VC funding in India declines 72% as unicorn machines stutter")
Sebi mulls streamlining regulatory framework for FVCI registration
Capital markets watchdog Sebi on Thursday proposed to streamline regulatory framework for registration of Foreign Venture Capital Investors (FVCIs)
 "Sebi mulls streamlining regulatory framework for FVCI registration")
Even after FTX's collapse, most influential crypto cos follow own rules
The lack of effective corporate governance and due diligence conducted on FTX's books raised eyebrows around the world. But for crypto industry watchers, it's not an unfamiliar tale
 "Even after FTX's collapse, most influential crypto cos follow own rules")
Early stage VC firm 3one4 Capital closes its fourth fund at $200 mn
Company invests in SaaS, fintech, digital health and climate technology; has over Rs 6,000 cr in AUM
 "Early stage VC firm 3one4 Capital closes its fourth fund at $200 mn")
VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here
Burda has clarified that action against Ankiti Bose is a result of the joint decision by all investors and not led by any single investor as claimed by her
 "VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here")
Venture capital investments down 70% across globe in Q1CY23: KPMG study
Despite the current slowdown, macro factors in India remained stronger than elsewhere, driving optimism that the country will see a bounce back in VC investment in H2 of 2023
 "Venture capital investments down 70% across globe in Q1CY23: KPMG study")
Private equity, venture capital funds' investments decline 4% in March
In terms of number of deals, there were only 82 transactions in March 2023 as against 125 in the year-ago period, as per the report by industry lobby IVCA and consultancy firm EY
 "Private equity, venture capital funds' investments decline 4% in March")
Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm
Meanwhile, Zepto has announced the appointment of crypto firm CoinSwitch's chief financial officer Ramesh Bafna as its new CFO. Bafna is an ex-CFO of Myntra and an early member of the Flipkart team
 "Zepto CFO Jitendra Nagpal quits, plans to launch a venture capital firm")
Fasten your seat belts: The switch to Fintech 2.0 has just begun
A shakeout among fintech firms is very likely, as the stress on governance and compliance is set to go up many notches
 "Fasten your seat belts: The switch to Fintech 2.0 has just begun")
Recovering from Silicon Valley Bank's fall
The solutions lie with the Fed, VCs, in-house management, and Silicon Valley itself
 "Recovering from Silicon Valley Bank's fall")
Speciale Invest announces new Rs 200 crore fund for deep tech start-ups
Speciale Invest, a venture capital firm that has funded space and technology startups such as Agnikul Cosmos and QNu Labs, announced a new fund with a Rs 200 cr corpus to provide funding in deep-tech
 "Speciale Invest announces new Rs 200 crore fund for deep tech start-ups")
V3 Ventures plans to invest 30 mn euros in Indian start-ups
V3 Ventures, Co-Founder and Investment Partner, Arjun Vaidya said that the company plans to invest the rest of the fund in the US and Europe
 "V3 Ventures plans to invest 30 mn euros in Indian start-ups")
A year of reality checks for start-up valuations amid fall in funding
With a dramatic fall in venture capital and private equity funding, Indian start-ups are pulling up their socks, cutting losses, and trying to turn profitable
 "A year of reality checks for start-up valuations amid fall in funding")