Skip to main content

Posts

Legal Capsule by Veyrah Law

CONSIDERING LITIGATION IN INDIA |  PART IV – COUNSELS WORK WITH FACTS!
This article is in continuation of the earlier articles that discuss various aspects one must bear in mind while seeking to litigate before courts in India. As outlined in the earlier article, it is imperative for a business to anticipate a dispute well in advance and plan the best approach for it. That said; the facts of a dispute are pivotal to formulate any kind of legal strategy. But, facts are like a double-edged sword, which can swing either way, i.e. it can either make or break your case, depending on whether the facts are favorable or unfavorable. Therefore, a favorable fact pattern supported with relevant documentary evidence can enhance the chances of securing the desired relief from a litigation process. It places the counsels in a position of strength to effectively thwart any attempts by opposing counsel to dilute a case. However, challenges arise where one has weak or unfavorable facts and little or no…
Recent posts

Jio deals help PE investments climb 12% in H1'20 to $18.8 B

Press Release
With Reliance Industries' communications unit Jio Platforms attracting 51% of the investment value, Private Equity-Venture Capital (PE-VC) investments in India rose 12% during the first 6 months of 2020 to $18.8 Billion (across 341 deals), shows data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations. Investments totaling over $9.5 Billion in Jio by a troop of global private equity firms, following social media giant Facebook's $5.7 Billion mid April investment in the company, helped overall PE-VC investments better the $16.8 Billion (across 503 transactions) invested during the same period in 2019. (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate).  
Jio Platforms' $9.5 Billion Private Equity haul (excluding Facebook’s strategic investment) was led by Middle Eastern and American investors with KKR, Saudi Arabia's Public Investment Fund a…

Legal Capsule by Veyrah Law

CRYPTOCURRENCY EXCHANGES: AN INVESTMENT OPPORTUNITY
Brief History
The advent of cryptocurrency as an asset class was swift and it attained global popularity within a relatively short period of time. While the idea of a digital currency was not new, it really found wings with the publication of the white paper on ‘Bitcoin’ by Satoshi Nakamoto (an alias; the author’s real name remains anonymous till date). The objective was to create a currency which could be issued and tracked without being dependent on a central bank or a company. It would be tracked and recorded by the computers of people using the digital currency on a communally maintained database known as ‘Blockchain’. While Bitcoin may be the more popular of the cryptocurrencies, the space soon started witnessing the launch of multiple cryptocurrencies vying for space. Even though India was a little late to join the crypto party compared to some other developed countries like USA, Singapore etc., cryptocurrencies quickly garnered …

Legal Capsule by Veyrah Law

CONSIDERING LITIGATION IN INDIA |  PART III – ANTICIPATE THE DISPUTE & STRATEGIZE!

This article is a continuation of the earlier articles where we outlined the challenges associated with litigating in India and the considerations that one must bear in mind before getting into a ‘fight’. As recommended in the earlier article, parties to commercial disputes must at all time seek to settle rather than litigate endlessly before courts in India. The desired settlement for each business may differ based on their own perception of the issue. But, the terms of any settlement always depend on the bargaining position of the people involved. One of the first steps to ensure a strong bargaining position in commercial disputes, is to spot the deterioration in relations early. Foreign businesses that operate in developed markets tend to fare better at the anticipation game than domestic Indian businesses. Domestic businesses have traditionally relied on good faith and relationships in doing busin…

Multiples, TrueNorth, Gaja Capital and Tata Capital win Apex'20 Private Equity Awards

Multiples PE, TrueNorth, Gaja Capital and Tata Capital Healthcare Fund were voted the top Private Equity investors in India during 2019. The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer.  The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms as well as "crowd sourced" nominations and voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Exit Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies).

Vishal Nevatia, Managing Partner, True North, said “We would like to thank Venture Intelligence and all the industry stakeholders for selecting us for this Award.  We are truly humbled and delighted to receive this award.  At True North, we started investing in private equity 2 decades ago.  During this time, we have seen private equity grow from a …

Inventus, Sixth Sense, Blume & Norwest win Apex'20 Venture Capital Awards

Inventus Capital Partners, Sixth Sense Ventures, Blume Ventures and Norwest Venture Partners were voted the top Venture Capital investors in India during 2019. The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer. Other 2019 winners in the VC segment included Axilor Ventures which was votedthe Accelerator of the Year for the second year running, 3one4 Capital (VC Fund Raise of the Year) and Innoven Capital (Venture Debt firm of the Year).
The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms as well as "crowd sourced" nominations and voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Exit Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies).


"It is an honour to be recognised by entrepreneurs and investors as India's No 1 startup a…

Impact of Culture on M&A: Survey Report

Culturelytics-Venture Intelligence Survey Report
Globally, mergers and acquisitions worth a total of more than $4 trillion take place every year. Studies show that more than 85% of these deals fail to create value, and in more than 30% of these, cultural misalignment is one of the key reasons cited.

COVID-19 will almost certainly trigger a significant wave of consolidations and a big spike in M&A activity, as companies scramble to survive and win in a marketplace characterized by VUCA. These deals are likely to be more cross border control stake transactions. We already see China making big investments in Italy, and Japanese companies turning their attention away from China towards India. Culture has never been more important than now. 
Key Findings: Great team vs Great Idea:                                                                         Nearly 67% of investors want to invest in an excellent team with a workable strategy/idea (would choose to combine an A-Team with a B- Ide…