Page 17 - Latest Updates on Venture Capital
India-focused PE/VC funds create record by raising $11.7 billion in 2019
Amount beat the previous record of $8.1 bn raised in 2018
 "India-focused PE/VC funds create record by raising $11.7 billion in 2019")
IIM-A placements: Participation of PE/VC, asset management firms up by 80%
In all, 153 firms participated with 182 different roles for the 2020 batch, with McKinsey & Co and BCG leading the pack with 27 and 23 offers, including PPOs
 "IIM-A placements: Participation of PE/VC, asset management firms up by 80%")
Singapore overhauls fund regime to bolster industry, attract offshore funds
Country likely to edge out Mauritius as a favoured destination for offshore funds
 "Singapore overhauls fund regime to bolster industry, attract offshore funds")
PE, VC investments in India grew 28% to $48 billion in 2019, says EY data
Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018)
 "PE, VC investments in India grew 28% to $48 billion in 2019, says EY data")
Venture Highway raises $78 mn to fund early-stage tech companies in India
With portfolio companies such as Meesho, Sharechat, Moglix, and Cars24, the early-stage investment firm has so far invested in 20 start-ups
 "Venture Highway raises $78 mn to fund early-stage tech companies in India")
PE, venture capital deals in healthcare, health tech firms grew 16% in 2019
Surge defies economic slowdown and a pricing and insurance issues, as healthcare is seen as a necessity from consumer's perspective
 "PE, venture capital deals in healthcare, health tech firms grew 16% in 2019")
PE/VC investment up by almost three times in November; driven by infra flow
PE/VC investments accounts 1.7-1.8% of GDP, almost at par with China and the global average
 "PE/VC investment up by almost three times in November; driven by infra flow")
Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM
The Nasscom has also sought that IT and BPO firms should not be treated as financial intermediaries for the goods and services tax (GST).
 "Budget 2020: Venture Capitals, startups seek budgetary aid in meet with FM")
Venture Capital firm 3one4 raises Rs 400 crore for its third fund
Fund managed by Pranav and Siddartha Pai, sons of former Infosys director and CFO T V Mohandas Pai, has invested in 50 startups so far
 "Venture Capital firm 3one4 raises Rs 400 crore for its third fund")
Fireside Ventures to invest in 20 start-ups in superfoods, fashion segments
The venture capital (VC) firm is planning to make around 18-20 investments via fund 2 in the range of $4-5 million in each portfolio company across Pre-Series A and Series A stages
 "Fireside Ventures to invest in 20 start-ups in superfoods, fashion segments")
Start-up IPOs will start happening over next 5 yrs: Accel's Subrata Mitra
'We love to invest early in tech-driven companies solving large problems', said Mitra
 "Start-up IPOs will start happening over next 5 yrs: Accel's Subrata Mitra")
PE/VC firms invested over $2 bn in NBFCs, despite IL&FS crisis of 2018
According to Venture Intelligence data, this year's total come from 33 deals; there were 37 in 2018
 "PE/VC firms invested over $2 bn in NBFCs, despite IL&FS crisis of 2018")
Fireside Ventures announces closing of Fund II, investment in Gynoveda
Fund II of Fireside is anchored by Indian and global investors and institutions
 "Fireside Ventures announces closing of Fund II, investment in Gynoveda")
PE/VC investments in October touch $3.3 billion, continue 2018 trend
Total PE/VC investments in India now stand at $43.7 billion till now this year--16.5 per cent higher than the previous high of $37.5 billion recorded in entire 2018.
 "PE/VC investments in October touch $3.3 billion, continue 2018 trend")
Venture capital firm Jungle Ventures raises $240 million for third fund
Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally
 "Venture capital firm Jungle Ventures raises $240 million for third fund")
Social commerce player DealShare raises $11 mn from Matrix Partners, others
The start-up, focused on middle- and lower-income clientele in grocery and home categories segments, in Tier-II and -III cities, currently has over 300,000 customers and services 15,000 orders per day
 "Social commerce player DealShare raises $11 mn from Matrix Partners, others")
Groww raises $21.4 mn in Series B funding from Ribbit Capital, Sequoia
Groww, an investing platform offering direct mutual funds on its platform, has more than 2.5 million registered users
 "Groww raises $21.4 mn in Series B funding from Ribbit Capital, Sequoia")
JLL's VC arm Spark invests undisclosed sum in co-working platform Qdesq
Deal will help investor provide a more comprehensive solution to its clients in 35 Indian cities
August PE/VC flows up 13% YoY to $4.4 bn; infra, realty grab 35% share
16 large deals with value over $100 mn each were recorded, aggregating to $3.3 bn, compared to six such deals worth $3.3 bn a year ago
 "August PE/VC flows up 13% YoY to $4.4 bn; infra, realty grab 35% share")
UP to create Rs 200 crore venture capital fund for MSME start-ups
SIDBI will manage the venture capital corpus
 "UP to create Rs 200 crore venture capital fund for MSME start-ups")
