Page 7 - Venture Capital

Venture capital firm CRV planning to do something rare: Give money back

The reason, four of the firm's partners said in a joint interview, is that market conditions have changed for the worse

Peak XV Partners cuts $2.8 bn fund by 16% on mkt valuation concerns

The firm underlined its long-term commitment to India and Southeast Asia, citing strong portfolio performance and an optimistic outlook for the region

Capital A launches Rs 400 cr fund to target manufacturing, climate startups

Fund II will invest in 17-20 companies, offering initial investments between $750,000 and $1 million, with total commitments of $2-3 million per company over their growth cycles

Unicorn India Ventures eyes a new chapter, aims to be a cross-border fund

Cross-border funds have their unique advantages: they allow funds to build strong connections in two countries and create a network that encompasses both regions

magicpin Co-founder Brij Bhushan joins Prime Ventures as full-time partner

Hyperlocal e-commerce firm magicpin Co-Founder and former chief operating officer Brij Bhushan has joined Prime Venture Partners as a full-time partner, the early-stage venture capital firm said on Friday. In this role, Bhushan will be a key member of the Investment team and will contribute to all aspects of the firm's investment, portfolio management and fundraising, Prime VP said in a statement. "Brij Bhushan brings a unique combination of strategic thinking, execution excellence, and a long-term mindset essential for company building. We believe he is a perfect addition to our leadership team," Prime Venture Partners (Prime VP), Managing Partner, Amit Somani said. Bhushan co-founded magicpin where he was instrumental in magicpin's growth, raising over USD 100 million from investors including Lightspeed, Zomato and Waterbridge. An alumnus of IIM Bangalore, Bhushan previously worked in venture capital as Vice President at Nexus Venture Partners before co-founding magicpin. He has

Banking solutions fintech TransBnk raises $4 million in series A round

The platform has supported over 5,000 accounts, including escrows, and processed more than 50 million transactions

Large deals power paradigm shift in India's venture capital terrain

Additionally, the total number of high-value deals above $100 million increased from seven to eight

House of Abhinandan Lodha eyes 30% growth in property sales in FY25

Realty firm The House of Abhinandan Lodha, which is into development of residential plots, reported a 3-fold jump in sales bookings last financial year to Rs 1,800 crore and is targeting at least a 30 per cent growth in 2024-25, amid strong consumer demand. Mumbai-based The House of Abhinandan Lodha, which was formed in 2021, has already launched nearly 10 plotted development projects covering 650 acres in Maharashtra, Goa, and Ayodhya in Uttar Pradesh. The company has sold plots in a price range of Rs 10 lakh to Rs 15 crore, depending on the location. In an interview to PTI, the company's Chairman Abhinandan Lodha noted that the demand for housing plots has been very strong post-COVID pandemic. Asked about operational performances, he said, "In the last fiscal, we did close to Rs 1,800 crore of sales bookings as against around Rs 570 crore in the 2022-23 fiscal. We expect our sales to continue to grow at 30 per cent or more in the current fiscal." Lodha said the company's profit a

Regulations have helped fintechs in governance

Fintechs in India have a young, technologically savvy population and a well-placed digital infra. Steps taken to ensure regulatory clarity and transparency are improving investor sentiment

Sebi proposes revised format for FVCI for filing compliance report

Capital markets regulator Sebi on Thursday proposed a revised format for filing compliance reports by Foreign Venture Capital Investors with regard to their activities. Under the rule, Foreign Venture Capital Investors (FVCI) are required to provide quarterly reports to Sebi in the format specified with respect to their venture capital activities. "Recently, the Sebi board has approved amendments to FVCI Regulations which will be notified in due course. In this context, a need for revising the format for filing of compliance reports by FVCI has been felt," Sebi said in its consultation paper. As per the proposed revised format, FVCI are required to provide general information about them, including Sebi's registration number, date of grant of such registration, date of incorporation, country of incorporation, category of FVCI, and principal place of business. Additionally, they are required to provide details of directors, brief investment details of FVCI in India, industry-wise ...

Baazar Style Retail raises Rs 37 cr from Volrado Partners in pre-IPO round

Baazar Style Retail Ltd on Monday said it has mobilised Rs 37 crore from venture-capital fund Volrado Ventures Partners Fund II in a pre-IPO (initial public offering) round. With this, the IPO-bound company's fresh issue size has been reduced to Rs 148 crore, from Rs 185 crore earlier. Additionally, the Kolkata-based company's maiden public issue consists of an Offer-For-Sale (OFS) component of up to 1.68 crore shares by promoter group entities and other selling shareholders, according to the draft red red herring prospectus (DRHP). Under the OFS, Rekha Rakesh Jhunjhunwala will sell 27.23 lakh equity shares, Intensive Softshare Private Ltd will offload 22.40 crore shares and Intensive Finance Pvt Ltd will divest 14.87 lakh shares among others. The offer includes a reservation for subscription by eligible employees. In a public announcement on Monday, Baazar Style Retail said it had undertaken a private placement of 9,56,072 equity shares to Volrado Ventures Partners Fund II at an

Budget 2024 sets up Rs 1,000 cr venture capital fund for space economy

Industry welcomes proposal to expand space economy five-fold in 10 years through private sector participation

PE-VC investment rises 8% to $31.5 billion in Jan-Jun quarter: Report

The amount of funds invested is 30 per cent higher than the July-December 2023 period, the report by industry lobby grouping IVCA and consultancy firm EY said

Former Alibaba India head, 9Unicorn partner launch Rs 1,000 cr fund

Former head of investments at Alibaba Group's India business Raghav Bahl and 9Unicorns ex-partner Soham Avlani on Thursday announced the launch of PROMAFT Partners -- a Rs 1,000-crore venture capital fund. The sector-agnostic fund seeks to invest in companies that have proven exceptional 'product-market-fit'. It plans to make 10-12 investments, with two-three investments in a year. "Growing without product-market-fit is like driving fast in the wrong direction. And product-market-fit without sustainable competitive advantage doesn't create shareholder value. We encourage our entrepreneurs to grow slowly, while investing in the core fundamentals of the business. "We plan to make two-three investments per year. We are backed by prudent investors, which gives our entrepreneurs the advantage to build for the long term," Bahl said. The fund is also backed by Indian family offices and market leaders like Paytm, Zomato, Browserstack, Livspace, PharmEasy, and VideoVerse who will also ...

India's first pvt deeptech hub launches in NCR, aiming to mobilise $100 mn

Collectively, the hub targets to mobilise $100 million in the Indian deeptech ecosystem

Startups taking longer to hit Series A stage, fintech sees dip in avg time

An analysis of 10 sectors that received the most funding in 2023 shows that nine of them experienced an increase in the time taken to reach Series A compared to 2019

AI deals lift US venture capital funding to highest level in two years

Some are expecting the M&A market for AI startups to pick up in the second half, as tech companies with capital or sought-after stock, from Nvidia to Databricks, have been acquisitive

Venture Capital firm Peak XV Partners most active investor in India: Hurun

Venture Capital firm Peak XV is the most active investor in Indian startups with investment in 47 entities, according to ASK Private Wealth Hurun India Future Unicorn Index 2024. According to the index report, Peak XV is followed by Accel which has invested in 25 companies that are poised to become the next generation of unicorns. "With an impressive portfolio of 47 investments, Peak XV Partners emerges as the top investor in the ASK Private Wealth Hurun India Future Unicorn Index 2024, the report said, adding that Peak XV Partners registered successes by investing in Turtlemint, CleverTap and Classplus, among others. The report said that the number of unicorns -- startups valued at over USD 1 billion -- slipped by one to 67 in 2023. Peak XV is an investor in 70 per cent of India's unicorns. "Ranking 2nd on the ASK Private Wealth Hurun India Future Unicorn Index 2024, Accel has made investments in 25 companies that are poised to become the next generation of unicorns. Their portfo

VC firm Peak XV Partners emerges top investor in India's start-up ecosytem

The firm made investments in 47 potential unicorns such as Turtlemint, CleverTap, and Classplus.

Fewer startups getting bigger cheques when investors chase returns

There were 465 deals this year, compared to 758 reported in the same period last year