Page 13 - Venture Capital

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

Sequoia Capital bullish on India, has stake in 39 startups: Report

Venture Capital firm Sequoia is bullish on India and has invested in several startups that are expected to become unicorns in the coming years, a report said. Recently, Sequoia Capital raised USD 2.85 billion to fund Indian and Southeast Asian startups despite the markets cooling after a very long bull run. The fundraising is Sequoia's largest so far for India at USD 2 billion with the rest committed to Southeast Asian startups. The fund house has stakes in 39 startups that could turn unicorns in 2-4 years, according to ASK Private Wealth Hurun India Future Unicorn Index 2022. In its 16th year of operation in India, Sequoia has some blockbusters in its kitty like Turtlemint, SaaS Labs, Classplus, DeHaat, Porter, Progcap, and CityMall, the report said, adding these have the potential to become unicorns in the next two years. Unicorns are startups with a turnover of USD 1 billion or about Rs 8,000 crore. Sequoia Capital in its recent communication said there is a strong sense in the

First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups

First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage

Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund

Ascent Fund II is B Capital's first dedicated early-stage fund. It invests in pre-seed through series A rounds globally, with an emphasis on the US and Asia, including India

Lightspeed India raises $500 million for India and Southeast Asia

This is part of the $7 billion that the fund house has raised

Supply chain start-up Wheelocity raises $12 mn to expand business

Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain

HDFC Life invests in 'Z3Partners Tech Fund' to aid digital entrepreneurs

Z3 Partners has already backed startups like Cyfirma, DealShare, Gramophone, Shipsy, and True-Fan

Start-up slowdown

Raising funds is becoming difficult

New Mauritius tax norms to hit PE investments in India, says IVCA

The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation

IAMAI announces committee to study issues faced by VC firms in India

Softbank, Sequoia, IAN, 3one4 Capital, Eximius, Multiples Alternate Asset Management among others join panel

India-focused funds on road to raising around $9.8 bn in CY22: Data

While $9.8 billion is the target for the year, about 18 India-focused funds have already raised $1.74 billion. But what is more substantial is the fact that Asia-focused dry powder is $173.4 billion

PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month

Real estate and infrastructure sector investments took the top spot in May 2022, recording $1.7 billion in investments

Bengaluru ranks 5th globally for tech VC investments in 2022: Report

The city's tech firms have raised $7.5 bn in tech venture capital investment so far in 2022 - more than any other year previously