Page 13 - Venture Capital

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

Sequoia raises record $2.85 bn to fund Indian startups, others ventures

Venture capital firm Sequoia India and Southeast Asia has raised $2.85 billion - the highest ever in one tranche by any venture capital fund - to fund startups and other ventures in the region

Angel platform IPV offers retail investors a play in startup funding space

Today Angel platform IPV has close to 7,000 investors, over 4,000 of whom actively invest in the Indian startup ecosystem. These investors, largely Indian diaspora, come from 48 countries

Physis Capital hopes to start investing in promising startups by Oct

The fund, which aims to build a portfolio of 15-20 startups with minimum ticket size of USD 2 million, has recently received approval from Securities and Exchange Board of India

Why VCs are still backing Indian startups despite growth stocks crashing

Singapore, June 6 (ANI): The last few months have not been good for startups and their venture capital (VC) backers.Growth stocks like Southeast Asia's largest ride-hailing and food delivery company Grab, ecommerce giant Sea Limited, Indian companies Paytm, Zomato and Freshworks are some example of unicorns that went public recently but have performed poorly against the rest of the market.Grab and Sea Limited, both listed in the US, are down 65 per cent year-to-date. India listed delivery firm Zomato is down 49 per cent whereas fintech company Paytm is down 53 per cent.Both are listed in India while Nasdaq listed software house Freshworks is down 40 per cent for the year. This is in comparison to the SENSEX which is down just six per cent and S & P 500 index's decline of 14 per cent since the start of 2022.These growth stocks have been impacted by rising interest rates and inflation which is seen by the market as bad for newer firms which typically require loans to expand quickly.

Venture capitals reroute funding to Web3.0, gaming startups amid dry spell

A group of former executives from one of the largest cryptocurrency exchanges Binance has also reportedly created a $100 million venture fund

Fintech regulation must be calibrated

Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion

Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak

Curbs on investment by Chinese investors a major roadblock

Narcissus in the boardroom

Media encomiums and the feeling of self-importance are shimmering mirages in the desert of self-delusion