Page 9 - Latest Updates on 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
 "Why Zomato's pre-public offer investors are rushing to the exit door")
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
 "Family offices bet bigger on start-ups, opt for direct investments")
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
 "Domestic PE/VC funds corner 23% of H1 deal value, shows data")
Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends
Nearly Rs 1,300 crore worth of shares changed hands in the counter - six times more than its six-month average
 "Zomato slumps 11%, closes at new low of Rs 47.55 as one-yr IPO lock-in ends")
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
 "VC funding dips in India in Q2 as investors focus on cash preservation")
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
 "Facebook co-founder's VC firm eyes digital health tech and fintech")
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
 "PE/VC investment in domestic firms rises 28%, says EY report")
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.
 "Sequoia Capital bullish on India, has stake in 39 startups: Report")
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
 "Number of PE-backed IPOs drop by 50% YoY in first half of calendar 2022")
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
 "First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups")
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
 "Facebook co-founder Eduardo Saverin's B Capital closes $250 mn fund")
Lightspeed India raises $500 million for India and Southeast Asia
This is part of the $7 billion that the fund house has raised
 "Lightspeed India raises $500 million for India and Southeast Asia")
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
 "Supply chain start-up Wheelocity raises $12 mn to expand business")
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
 "HDFC Life invests in 'Z3Partners Tech Fund' to aid digital entrepreneurs")
Start-up slowdown
Raising funds is becoming difficult
 "Start-up slowdown")
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
 "New Mauritius tax norms to hit PE investments in India, says IVCA")
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
18 funds have already raised $1.74 bn; Asia dry powder pegged at $173.4 bn
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
 "PE/VC investments in May rise 42% to $5.3 bn; dip 29% month-on-month")
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
 "Bengaluru ranks 5th globally for tech VC investments in 2022: Report")
