Page 5 - Venture Capitalists

Allow Indians to work on US defence projects, says venture capitalist

Ahead of Prime Minister Narendra Modi's state visit to the US, an eminent Indian-American venture capitalist has said Indians should be allowed to work on US defense projects as it would give a big boost to the bilateral ties and reduce the cost of innovation in the US defense sector. Prime Minister Modi, when he comes here, should ask for that, said Venkatesh Shukla, general partner, Monta Vista Capital, and former TiE Global chairperson. Opening up of the US defense sector for Indian software companies would help reduce the security vulnerabilities of the US defense sector, would give a big boost to bilateral ties, boost the innovation ecosystem in India and reduce the cost of innovation in the US defense sector, he asserted. "One area that is huge here. It's completely untapped by India, and that area is ..it's software for the Department of Defense and all the critical infrastructure," Shukla told PTI in an interview. The former chairman of TiE Global said the critical ...

Proposed angel tax norms: Start-ups may get a funding boost, say top VCs

They said the proposed norms aim to expand valuation methodologies and eliminate price differentials between resident and non-resident investors

Speed Kitchen raises undisclosed amount in funding led by Inflection Point

Cloud kitchen services provider Speed Kitchen has raised an undisclosed amount in seed funding round led by Inflection Point Ventures with participation from high net-worth individuals and angel investors. The kitchen-as-a-service provider for delivery-focused brands will use the funds for expansion and swell the footprint pan-India. Inflection Point Ventures (IPV) has so far invested over Rs 550 crore across over 170 deals. "We at Speed Kitchen are aiming to become the leading Cloud Kitchen infrastructure in the Indian market, the first step of which is to expand to 20-plus locations and cross 200 operational kitchens by the end of FY23-24," Paurav Rastogi, Founder of Speed Kitchen, said. At a CAGR of 39 per cent, the cloud kitchen industry has been valued at USD 800 million in FY22, which is expected to reach USD 1.9 billion by 2026.

Foreign VC investors cut telecom allocations by 97% since 2018-19

Overall investment across sectors remains higher in 2022-23 than before

Stride Ventures raises $100 mn for onlending to new-age companies

Stride Ventures, which provides debt capital to new-age companies, on Tuesday said it has raised USD 100 million (about Rs 820 crore) for onlending. This is the first close of the third venture debt fund by the firm, and the company is targeting to raise another USD 100 million as part of the fund, as per a statement. The first close was achieved within four months of getting a license for the third fund, the statement said, adding institutional investors -- including banks, insurance companies and family offices -- have backed the fund. The company counts on over 100 clients, including Sugar Cosmetics, Mensa Brands, Exotel and has so far sanctioned over Rs 5,000 crore to the Indian startup ecosystem, it said. The company statement said the Indian venture debt market is expected to witness an annual deployment of over USD 3 billion by 2025. "We see a growing demand for venture debt as startups look to optimise their capital structure and preserve equity for future rounds," its ...

Venture capital investments down 70% across globe in Q1CY23: KPMG study

Despite the current slowdown, macro factors in India remained stronger than elsewhere, driving optimism that the country will see a bounce back in VC investment in H2 of 2023

India gets over $60 bn in PE-VC investments for third year straight: Report

Country 'bright spot' in Asia Pacific region where capital flow is decelerating, it says

Venture capitalists ask startups to keep money with new SVB amid crisis

High-profile investors have voiced their support for Silicon Valley Bank. In an interview with Bloomberg Television, investor Vinod Khosla said he was encouraging companies to keep funds with the bank

Govt evaluating measures to bring down tax burden on PE/VCs in India

It is expected to be introduced in Parliament's monsoon session

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

SVB fallout: Present imperfect, future tense for Indian start-ups

Though many of them expect limited near-term impact, lack of SVB-like support system may pinch them later

VC model of investment looks like ponzi scheme: N R Narayana Murthy

Murthy believes that ChatGTP provides one with a certain knowledge and they can show their creativity and smartness…but cannot replace the human mind

Venture debt unperturbed by GoMechanic issues; 2023 a vital growth year

For investors, making a loss is part of business strategy, but for venture debt players, default is a risky proposition, yet, players in venture debt segment are unperturbed so far

VC funding in India down 30 per cent in 2022: Venture Intelligence

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession

India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn

But does this mean that 2023 could be different, given the unutilised capital?

IVCA's Budget wish: Equal tax treatment for listed and unlisted investments

Argues that taxes on unlisted securities are nearly 2.4x those of listed ones, even as investments into unlisted firms and startups were leading asset and job creation

PE/VC investments drop 75% in October over last year: IVCA-EY report

Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022

Top Indian unicorn founders, venture capitalists back Green Startup Pledge

World's first climate pledge for startups is backed by India's leading VC funds and supported by entrepreneurs including Nithin Kamath, Deepinder Goyal and Bhavish Aggarwal

pi Ventures raises $8 mn for 2nd fund from British International Investment

The second fund was launched in March 2021 with a base target corpus of $75 million and including a green shoe target of $100 million

8i Ventures announces first close of second investment fund worth $50 mn

Early-stage venture capital company says fintech 'single largest opportunity in India'