Page 3 - Latest Updates on Venture Capital
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")
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")
