Knowledge Partners

 Basiz Fund Service    Economic Laws Practice    Avalon Consulting  

 Spark Capital    Technloogy Holdings  

March 06, 2014

ChrysCapital, SAIF, Seedfund, Kotak Realty Funds win APEX’14 PE/VC Awards

ChrysCapital, SAIF Partners, Seedfund and Kotak Realty Funds were adjudged the leading investors in the Private Equity, Growth Capital, Venture Capital and Private Equity in Real Estate segments respectively during 2013. The awards were given away as part of the Venture Intelligence “Awards for Private Equity Excellence” (APEX) at APEX’14, the annual conclave of the Indian Private Equity & Venture Capital industry, by Mr.Sanjeev Aga, Former CEO of Idea Cellular.

Accepting the “Best Private Equity Investor-2013” Award, Ashley Menezes, Managing Director, ChrysCapital said, "ChrysCapital’s conviction on the Indian IT outsourcing sector during the period of slowdown following the global financial crisis paid off and ChrysCapital has been able to realize these investments with attractive returns.” During 2013, ChrysCapital had sold its stake in publicly listed large cap IT Services company HCL Technologies (in one of the largest PE exits in this sector) as well as from mid cap firm Hexaware Technologies. ChrysCapital had raised an over $500 million sixth fund in 2012, which was achieved in an difficult fund raising environment and post its founder Ashish Dhawan’s moving on.

Receiving the “Best Growth Capital Investor-2013” Award, Deepak Gaur, Managing Director, SAIF Partners said, "We have been delighted to partner some of the best entrepreneurs and management teams in the Indian IT & Internet sectors. We continue to believe that, with a suitably flexible approach, there are plenty of opportunities for making successful minority-growth investments in the country.” During 2013, SAIF sold a part stake in local search firm Jusdial via the company's IPO at an 17x return. (The Justdial IPO was one of the just three to pull of a primary issue on the main boards in all of 2013). SAIF’s balance investment in Justdial is worth $180-M at year end rate. SAIF had invested $15-M in the company. Also during the year, SAIF sold its stake in IT Services firm CSS Corp - with a 3x+ return.

Receiving the “Best Venture Capital Investor” Award on behalf of Seedfund – a second time for the firm – Bharati Jacob, Co-founder & Managing Partner, said “We are very happy to receive this award on behalf of the entire team at Seedfund. This award is a further validation of our conviction that the early stage investing can flourish in India. Recent success stories like redBus, carwale and others will help accelerate the momentum in the Indian entrepreneurial ecosystem and we, at Seedfund, look forward to partnering with many more innovative early stage ventures.” During 2013, Seedfund had sold its stake in online bus ticketing firm redBus (to an India-based unit of South African media conglomerate Naspers) in a reported $100 million transaction. Seedfund was the first VC investor in redBus investing first in 2007. Also, in 2013, two of Seedfund's investee companies - dental chain MyDentist and financial tech firm - successfully closed follow-on investments.

Accepting the “Best Private Equity in Real Estate Investor-2013” Award – the second time in a row in this new category – V.Harikrishna, Director of Kotak Realty Funds said, "In an difficult environment overall, it has been gratifying that, during 2013, we have been able to showcase not only good exits, but also attract long term investors to the Indian Real Estate sector." Kotak had fully exited from two investments and partially from 11 investments in 2013 realizing about Rs.606 crore. In July, it had made a first close on its new $200 million Real Estate - Residential Fund from Global Institutional Investors.

Started in 2007, the Venture Intelligence APEX Awards are the first awards of its kind for Private Equity & Venture Capital funds in India. A key feature about the APEX Awards is that the awardees are chosen by a Jury Panel consisting exclusively of Limited Partners (i.e., investors in PE/VC funds). The jury members for the APEX’14 PE/VC Fund Awards included executives from Adams Street Partners, Asia Alternatives, CDC Group, Evolvence India Fund, FLAG Squadron Asia, IFC, Pantheon Ventures and SEDCO.

Click Here for More Pics from the APEX'14 PE/VC Fund Awards

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.