Page 10 - Venture Capital

Private equity, venture capital funds' investments decline 4% in March

Private equity and venture capital funds' investments declined by 4 per cent to USD 5.3 billion in March 2023 as against the year-ago period, a report said on Monday. 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. For the January-March quarter, the deal activity declined by 21 per cent by the value of investments to USD 13.3 billion as compared to the year-ago period. The consultancy firm's partner Vivek Soni said collapse of Silicon Valley Bank led to a spike in uncertainty, further exacerbating the tight funding environment for startups. "As a result of these headwinds, the startup space is expected to continue witnessing consolidation as high-burn companies struggle to raise funds in up rounds and will look to merge/sell to their well-funded peers in primarily stock swap transactions," he said. The overall deal activity is down because of the mism

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

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

Recovering from Silicon Valley Bank's fall

The solutions lie with the Fed, VCs, in-house management, and Silicon Valley itself

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, on Wednesday announced a new fund with a Rs 200 crore corpus to provide series A and above funding to initiatives in the deep-tech sector. The Speciale Invest Growth Fund I, with an initial investment of Rs 100 crore, has received approval from market regulator SEBI to provide series A and above funding to high-potential technology startups, supporting India's enterprise and deep-tech startup ecosystem, a company statement said. The fund expects to close the corpus at Rs 200 crore in the next three-four months, it said. "Our new Growth Fund I is an extension of our vision and commitment to expand our investment strategy to support high-performing technology startups from our portfolio at the Series A and beyond stages," Arjun Rao, General Partner at Speciale Invest said in a statement. Founded in 2017 by Vishesh Rajaram and Arjun Rao, Speciale Invest had a ...

V3 Ventures plans to invest 30 mn euros in Indian start-ups

London-based V3 Ventures on Tuesday announced that it will invest around 30 per cent of its EUR 100 million fund in early-stage start-ups in India in the next 12-18 months. 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. "India's economy is still growing rapidly and we are one of the fastest-growing economies in the world. In this macros environment - India has a unique advantage. "Given this, we expect consumer and technology businesses to thrive in the foreseeable future. This allows us to identify and back entrepreneurs who are building strong, purpose-driven, scalable brands," he said. Vaidya said that the VC will back good businesses and are very bullish about the opportunity India presents to the firm. "We aim to invest roughly 30 per cent of the 100 million euro fund. We have a strong pipeline in place and believe in a concentrated strategy. We believe India is at the cusp of a ...

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

SVB collapse exposes rifts in typically chummy venture capital world

There's no clear consensus on whether to celebrate or blame VCs who told founders to pull out their money

Amid SVB crisis, SIDBI's FoF gets into action to support start-ups

Fund of Fund for start-ups (FFS) managed by SIDBI's venture capital arm has given money to AIFs, which are in turn supporting over 800 start-ups

As cost of capital rises, VC funding for new-age firms drops to $26 bn

The global economic downturn has made investors reconsider their commitments towards the deployment of capital into new-age firms

Where will startups turn to now that the Silicon Valley Bank is gone?

Silicon Valley Bank became the financier to tech stars by offering an array of products tailored to their needs, that few other institutions dared

SVB fallout: Fintech, venture capital companies come to the rescue

Razorpay is offering domestic start-up clients to move their money into their Indian current accounts as FDI through the firm's partner banks

Dealing with next-gen listings

Investors are starting to realise that new-age companies are a completely different animal

RPSG Capital Ventures expands D2C portfolio, invests in oral care brand

RPSG Capital Ventures on Tuesday announced USD 2.5 million in an oral care brand to expand its consumer D2C portfolio. A part of the diversified RPSG Group, RPSG Capital Ventures is an early-stage consumer VC fund and the investment in the growing oral care segment is for the first time, an official said. Abhishek Goenka, head and chief investing officer, RPSG Capital Ventures, said, We are committed to supporting companies that use clean label innovation and customer centricity to create unique solutions that can address consumer problems at scale." RPSG Capital Ventures' decision to enter the oral-care segment through Perfora' brand is driven by a major market need, he said. Although poor oral health can cause massive challenges, it is still underpenetrated and underused due to lack of awareness and access to the right solutions, Goenka said. Jatin Bawa, co-founder of Perfora', said, We are building the brand with a vision to transform oral hygiene for Indian consumers. We are o

B2B could be India's top sector for venture debt funding in 2023: Report

71% of founders of early-stage companies plan to raise venture debt this year

Top VC firms reduce investments in India amid macroeconomic uncertainty

With late-stage funding rounds becoming tougher, they are focusing more on due diligence, profitability path, governance and early entry into companies at lower valuations

PE/VC investments dip 29% YoY to $54.2 bn in 2022 amid funding woes

Despite this decline, 2022 marks the second-best year for PE/VC investments in India to date; dip largely due to smaller deal sizes amid stable volumes

Venture capital investments in Indian start-ups plunge 38% in 2022: Report

Venture capital (VC) investments in Indian startups plunged over 38 per cent in 2022 as economic uncertainty and market volatility affected fundraising and investment activities, GlobalData said on Tuesday. In a statement, GlobalData said an analysis of its financial deals database reveals that "a total of 1,726 VC funding deals worth USD 20.9 billion were announced in India in 2022 compared to 1,715 deals worth USD 33.8 billion in 2021." "The ongoing economic uncertainty and market volatility continue to affect the fundraising and investment activities in India and subsequently VC investment in the country startups suffered a massive year-on-year 38.2 per cent decline in value terms during 2022," the data and analytics company said. Aurojyoti Bose, lead analyst at GlobalData, said India is a key Asia-Pacific market and stands just next to China in terms of VC funding deals by volume and value. It is also among the top four markets (the US, the UK, China and India) globally. India

Facebook co-founder's investment fund closes third series at $2.1 bn

Firm will invest in financial services, healthcare tech, enterprise software space

VC firm Z3Partners closes Rs 550 cr fund to invest in early-growth startups

Leading global and domestic institutions and family offices, including HDFC Life and SIDBI, participated in the fund