Page 4 - Latest Updates on Venture Capital
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
 "IAMAI announces committee to study issues faced by VC firms in India")
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")
Sequoia raises record $2.85 bn to fund Indian startups, others ventures
Venture capital firm Sequoia India and Southeast Asia has raised $2.85 billion - the highest ever in one tranche by any venture capital fund - to fund startups and other ventures in the region
 "Sequoia raises record $2.85 bn to fund Indian startups, others ventures")
Angel platform IPV offers retail investors a play in startup funding space
Today Angel platform IPV has close to 7,000 investors, over 4,000 of whom actively invest in the Indian startup ecosystem. These investors, largely Indian diaspora, come from 48 countries
 "Angel platform IPV offers retail investors a play in startup funding space")
Physis Capital hopes to start investing in promising startups by Oct
The fund, which aims to build a portfolio of 15-20 startups with minimum ticket size of USD 2 million, has recently received approval from Securities and Exchange Board of India
Why VCs are still backing Indian startups despite growth stocks crashing
Growth stocks like Indian companies Paytm, Zomato and Freshworks are some example of unicorns that went public recently but have performed poorly against the rest of the market
 "Why VCs are still backing Indian startups despite growth stocks crashing")
Venture capitals reroute funding to Web3.0, gaming startups amid dry spell
A group of former executives from one of the largest cryptocurrency exchanges Binance has also reportedly created a $100 million venture fund
 "Venture capitals reroute funding to Web3.0, gaming startups amid dry spell")
Fintech regulation must be calibrated
Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion
 "Fintech regulation must be calibrated")
Narcissus in the boardroom
Media encomiums and the feeling of self-importance are shimmering mirages in the desert of self-delusion
Keen to invest more in Indian software, fintech: Insight Partners top brass
Nikhil Sachdev (MD) and Nikki Parker (SVP) travelled to India from the US for face-to-face meetings aimed at building strong ties with Indian startup founders
 "Keen to invest more in Indian software, fintech: Insight Partners top brass")
SoftBank CEO pays price for tech bets with $20 billion loss at Vision Fund
The Vision Fund swung to a loss of 2.64 trillion yen ($20.5 billion) for the year ended Mar. 31, compared with a 4.03 trillion yen profit in the previous year
 "SoftBank CEO pays price for tech bets with $20 billion loss at Vision Fund")
