Page 12 - Venture Capital

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

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

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

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. The six-member committee will suggest steps for scaling up investment by VC and PE funds, a government notification said on Tuesday. Finance Minister Nirmala Sitharaman in Budget 2022-23 had announced setting up of an expert committee to examine and suggest appropriate measures related to venture capital and private equity. "Venture Capital and Private Equity invested more than Rs 5.5 lakh crore last year facilitating one of the largest start-up and growth ecosystem. Scaling up this investment requires a holistic examination of regulatory and other frictions," she had said. As per the terms of reference, it said, the panel would comprehensively study, using a systems approach, the end-to-end frictions and potential accelerants from regulatory policy and taxation to facilitate ease of investing as wel

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.

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

Start-ups binge on private money as markets around the world dry up

European venture capital transactions raised nearly $57 billion, down just 4 per cent from the same period last year, according to the data provided by analytics firm PitchBook

Nandan Nilekani's Fundamentum raises $227 million in second fund

Fundamentum plans to fund enterprises that have attained product-market fit and developed momentum in their scale-up journey

Sebi tightens overseas norms for alternative investment and VC funds

Going ahead, all AIFs and VCFs will have to file an application before the market regulator for allocation of overseas investment limit in a format specified by Sebi

CVP aims to raise Rs 750 crore by Dec to invest in clean-tech firms

Early stage venture capital fund Cactus Venture Partners expects to raise Rs 750 crore by December and plans to invest the amount in clean-tech, and health-tech companies, among others. Out of the total amount, the VC fund has raised Rs 350 crore. "The fund is in active discussions with several domestic and international institutional investors and anticipates the final close of its fund target of Rs 750 crore by December 2022. "With a significant 15 per cent commitment from the General Partners, the fund plans on deploying this capital over the next 3-4 years," Cactus Venture Partners (CVP) said in a statement. Anurag Goel, Co-Founder of Cactus Communications, Amit Sharma, a seasoned venture investor, and Rajeev Kalambi, a former investment banker, are the founders of CVP. Cactus is a global science communication, and technology company. CVP has been investing in technology and Direct-to-Consumer (D2C) startups in the early growth stage since 2021. "The fund's capital raise has

PE/VC investments plummet 69% to touch $3 billion in July: IVCA-EY report

9 exits were recorded of $322 mn, the lowest number of exits since January 2021

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures

Why Zomato's pre-public offer investors are rushing to the exit door

Though stock has crashed 65% from peak, most pre-IPO investors are in-the-money even at beaten-down valuations

Family offices bet bigger on start-ups, opt for direct investments

Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up

Domestic PE/VC funds corner 23% of H1 deal value, shows data

Domestic fund houses were subdued during the pandemic years. In the first half of 2021, they invested $3.3 billion, just about half of the amount this year, for a share of 13.8 per cent

Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends

Start-ups with no 'promoter' may face pressure

VC funding dips in India in Q2 as investors focus on cash preservation

VC investment in India dipped in the April-June quarter (Q2) as investors shifted their focus to cash preservation in anticipation of funding becoming less easy to obtain over the next few quarters

Facebook co-founder's VC firm eyes digital health tech and fintech

It is also looking to invest in logistics and supply chain, helping industries to scale up digitisation

PE/VC investment in domestic firms rises 28%, says EY report

On a sequential basis the inflows are down 32 per cent from $50.4 billion, the report said

Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022

The major PE-backed IPO so far this calendar has been that of logistics major Delhivery. It saw Carlyle, China Momentum Fund, Softbank sell stakes worth $131 mn