Page 8 - Latest Updates on Venture Capital
Bharti Axa Life, Accel infuse over Rs 111 cr as equity in Shivalik SFB
The SFB, an urban coop bank earlier, has a large presence in UP and MP; It has over 560,000 unique customers and runs 46 branches and 21 exclusive Business Correspondent Branches across northern India
 "Bharti Axa Life, Accel infuse over Rs 111 cr as equity in Shivalik SFB")
We bet on startups catering to the middle of the pyramid: Arkam co-founders
In a Q&A, Bala Srinivasa and Rahul Chandra, explain why it is essential for any company today to service the Middle India market in the country's smaller towns in order to thrive
 "We bet on startups catering to the middle of the pyramid: Arkam co-founders")
Made-in-India VCs continue to grow in numbers despite economic headwinds
145 new companies were set up in India in the past two years - 123 in 2021 and 22 in 2022: Tracxn data
 "Made-in-India VCs continue to grow in numbers despite economic headwinds")
Alteria announces first close of third venture debt fund at Rs 1,000 cr
The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors
 "Alteria announces first close of third venture debt fund at Rs 1,000 cr")
Why are Indian start-ups facing such a severe funding winter?
Venture funding data indicates that Indian start-ups are in the middle of a harsh funding winter. While the global situation is not good, the slowdown is more pronounced in India. Let us find out why
 "Why are Indian start-ups facing such a severe funding winter?")
India's share in venture capital funding falls sharply; China surges ahead
The decline in Q3 CY2022 is even sharper on a year-on-year basis
 "India's share in venture capital funding falls sharply; China surges ahead")
Reimagining venture capital
… keeping an eye on democratising finance in India
 "Reimagining venture capital")
Finance ministry panel mulls 'broad-based' regulations for PE/VCs
FinMin panel has sought inputs from the Big Four audit firms
 "Finance ministry panel mulls 'broad-based' regulations for PE/VCs")
Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman
The FM was chairing the performance review of PSBs on credit and other welfare schemes for scheduled castes
 "Enhance coverage of scheduled castes in all schemes: FM Nirmala Sitharaman")
IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman
The council was formed to strengthen governance practices for VCs and start-ups and continue working with govt and its agencies to improve the environment for venture capital in India
 "IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman")
FinMin sets up panel to address issues faced by venture capital, PE firms
The Finance Ministry has set up a high-level panel headed by former Sebi chairman M Damodaran to look into issues being faced by venture capital (VC) and private equity (PE) investors
 "FinMin sets up panel to address issues faced by venture capital, PE firms")
Former Sebi chief Damodaran to head committee to boost PE/VC investments
Finance minister Nirmala Sitharaman in her FY23 budget had proposed to set up the committee
 "Former Sebi chief Damodaran to head committee to boost PE/VC investments")
PE/VC investments fall 80% to a 19-month low in August, says report
The month recorded the highest ever exits at USD 3.1 billion, making it the best month from sell-offs perspective, according to the report by industry lobby IVCA and the consultancy firm EY.
 "PE/VC investments fall 80% to a 19-month low in August, says report")
SoftBank, others in talks to lead $75-million funding in GoMechanic
"The conversations between the investors and GoMechanic are still going on and one of the investors has also shared the term sheet with the firm," said a person familiar with the development
 "SoftBank, others in talks to lead $75-million funding in GoMechanic")
Start-ups binge on private money as markets around the world dry up
European venture capital transactions raised nearly $57 billion, down just 4 per cent from the same period last year, according to the data provided by analytics firm PitchBook
 "Start-ups binge on private money as markets around the world dry up")
Nandan Nilekani's Fundamentum raises $227 million in second fund
Fundamentum plans to fund enterprises that have attained product-market fit and developed momentum in their scale-up journey
 "Nandan Nilekani's Fundamentum raises $227 million in second fund")
Sebi tightens overseas norms for alternative investment and VC funds
Going ahead, all AIFs and VCFs will have to file an application before the market regulator for allocation of overseas investment limit in a format specified by Sebi
 "Sebi tightens overseas norms for alternative investment and VC funds")
CVP aims to raise Rs 750 crore by Dec to invest in clean-tech firms
"With a significant 15 per cent commitment from the General Partners, the fund plans on deploying this capital over the next 3-4 years," Cactus Venture Partners (CVP) said in a statement.
 "CVP aims to raise Rs 750 crore by Dec to invest in clean-tech firms")
PE/VC investments plummet 69% to touch $3 billion in July: IVCA-EY report
9 exits were recorded of $322 mn, the lowest number of exits since January 2021
 "PE/VC investments plummet 69% to touch $3 billion in July: IVCA-EY report")
CoinSwitch launches $10 mn fund to support start-ups, blockchain tech
Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures
 "CoinSwitch launches $10 mn fund to support start-ups, blockchain tech")
