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Showing posts from November, 2016

Flipkart investor Accel raises $450 million for fifth India fund: The Economic Times

An ET article quotes Venture Intelligence data on VC investments in 2016. In the first nine months of 2016, the number of early-stage VC investments fell 24% from a year ago to 290 deals while the total capital invested plunged by a third to $1 billion, according to data from research firm Venture Intelligence.
Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Ascent Capital exits education services firm People Combine: Mint

A Mint article quotes Venture Intelligence data on exits by Ascent Capital: This is the fourth exit made by Ascent Capital in the past two years. In January 2015, it exited its year-old investment in the third-largest domestic credit ratings agency, Credit Analysis and Research Ltd (CARE), for around $10 million, followed by an exit from Alivira Animal Health in July same year for an undisclosed amount, according to Venture Intelligence. In September, it exited Citrus Pay through a deal wherein PayU Global, the digital payments provider owned by South Africa’s Naspers Group, agreed to buy Citrus Pay for $130 million in an all-cash deal. Log into the Venture Intelligence PE/VC Deals database (Login link) and view Ascent Capital's profile with Investments & Exits.

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Mint-Venture Intelligence Deal Tracker (Nov 21)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint. The Weekly update is featured in the Deals Section (Page 3) on every Monday.

Previous Week's Edition

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Startups at inflexion point: The Economic Times

An ET article quotes Venture Intelligence data on Early stage funding: Early-stage funding by venture capital investors in startups hit a two-year low in the July-September quarter. The previous low was in the April-June quarter in 2014 when only 63 venture capital investments were closed. In the first nine months of 2016, the number of early-stage VC investments fell by 24% to 290 deals against 381 in the same period in 2015. Total capital invested fell by a third to $1 billion from $1.5 billion, according to data from Venture Intelligence. 
Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Taxi Industry In India: A Story Of Bootleggers And Baptists - Swarajya

Shreyas Bharadwaj of Swarajya does a detailed coverage of how players in the taxi industry are affecting changes to regulations through the prism of Bruce Yandle's Bootleggers and Baptists. "..many states in the United States (US) had laws which banned the sale of alcohol on Sundays (the days Christians go to church). These laws were not only supported by conservative baptists, who viewed alcohol as demonic, but also by bootleggers (illegal traffickers of alcohol) who made good money selling alcohol illegally on Sundays at higher prices. While baptists would publicly lobby for the Sunday ban on the sale of alcohol, bootleggers would help out local politicians who were (and are) perennially in need of re-election funding. The law banning Sunday sales would contain no provision for banning the consumption of alcohol." And what about the consumer? The answer is simple; they get the short end of the stick. The higher prices due to the ban make their pockets lighter. In effect…

Chinese firms are now angels for Indian startups: Economic Times

An Economic Times article titled Chinese firms are now angels for Indian startups quotes Venture Intelligence data on investments by Asian companies in Indian startups:
Ctrip, one of China's largest online travel companies, invested $180 million in MakeMyTrip in January. China-based investment firm Hillhouse Capital has invested in CarDekho. Smartphone maker Xiaomi led a $25-million funding round in content provider Hungama Digital Media Entertainment in April. Taiwan's Foxconn has also made several investments, like in Qikpod, Hike and Snapdeal.

Whats driving investments by Chinese Companies and Investors?  (Excerpts from the article)
1. "There are only two big growing markets where they can invest: India and the United States. Silicon Valley does not respect Chinese capital. So the Indian tech sector becomes attractive to them," - Mohan Kumar, Norwest Ventures.
2.  Chinese investors often value Indian startups at three to five times more than what other seasoned in…

Google Capital in talks to invest in ed-tech startup Cuemath: Times of India

A Times of India article titled Google Capital in talks to invest in ed-tech startup Cuemath quotes Venture Intelligence data on VC investments in the Education space: As per Venture Intelligence data, 23 deals worth $233 million were announced so far this year compared to $66 million across 20 deals last year(in Edtech space). The largest of the rounds came through when Byju's raised about $120 million, a mix of primary infusion of capital and secondary sale of shares, in quick time from marquee investors like the Chan Zuckerberg Initiative run by Facebook founder Mark Zuckerberg and his wife Priscilla Chan. Related:
PE/VC Investments in Education spike up in 2016

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Why Venture Capital has replaced Growth Capital in LP Mindshare

It is well know from experience in the US, Venture Capital funds depend on 1-3 "super hits" in their portfolios to generate most of their returns. In India, this phenomenon started to play out with Redbus - whose $100 million+ sale to Naspers in 2014 - generated more returns for Seedfund than the size of the firm's fund. 
Of course, in 2015, the mega valuation spikes for horizontal E-Commerce Unicorns - Flipkart and Snapdeal - made the fortunes of their respective earliest investors: Accel India and Kalaari Capital (formerly IndoUS Ventures). In Sep-09, Kalaari Capital had invested $2.25 M (INR 10 Cr) in Snapdeal for a 40% stake valuing the company at $5.6 M (INR 25 Cr). In Feb-2015, Kalaari Capital made a partial exit worth $60 million with a 11x return (when Softbank invested in the company at $1.6 Billion valuation). At Snapdeal's $5.5 Billion valuation in 2015, Kalaari's stake - including the realized and unrealized portion - would fetch the firm a return of…

Demonetisation effect: VC, PE deals set to fall further in 2016: Moneycontrol

A Moneycontrol article on the effect of demonetisation on Private Equity and Venture Capital Investments quotes Venture Intelligence data. According to latest data by analyst firm Venture Intelligence, VC investments in nine months of 2016 dropped 24 percent to 290 deals (worth USD 1 Billion) compared to 381 deals (worth USD 1.5 Billion) in the same period 2015. PE investments in the first 9 months of 2016 to USD 10.6 billion across 443 transactions – down 23 percent compared to USD 13.8 billion across 594 deals in the same period in 2015, the report added.
Click here to read views by top VCs.


Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

For fund-starved startups, Micro VCs are Beautiful: Economic Times

An Economic Times article  quotes Venture Intelligence data on early* stage investments:

*Early defined as seed investments in companies less than 5 years old.
Related:
A 9 Mth Analysis of VC Investments (2016)

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

VC Data Presentation at CII Connect Coimbatore 2016

Arun Natarajan, Founder of Venture Intelligence presented Venture Intelligence data on VC investing trends at CII CONNECT Coimbatore on a panel that included active Mumbai-based angel investor Sanjay Mehta.





Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

How to raise funding from Flipkart's Sachin Bansal & Binny Bansal

Excerpts from an ET article.
Why do Sachin & Binny Bansal invest in startups?
1. Principle of Paying it Forward
2. To back game changing companies which regular VCs might not fund
Examples include their investments in space tech company Team Indus and 3-D organ printing company Pandorum Technologies.
3. Keep themselves updated on the startup ecosystem.
Portfolio company InShorts (earlier News In Shorts) taught them the intricacies of how app metrics were different from web traffic metrics. 
Checklist to attract funding from Sachin & Binny 
A. Your business doesn't conflict with Flipkart
Binny Bansal exited from 3 portfolio companies - including Roposo and Zopper - when they pivoted their business models towards e-commerce 
B. Are you raising between $20k-500k?
That's their sweet spot / range.

C. Can you teach them a thing or two?
Refer point 2 above.
D. Sectors they like?
Healthcare, Education, IoT (Internet of things), Auto and AI.
E. How do I reach out to them? 
Get in touch …

Mint-Venture Intelligence Deal Tracker (Nov 14)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint. The Weekly update is featured in the Deals Section (Page 3) on every Monday.
(Click to View)
Previous Week's Edition

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

ET Now Startup Central Funding Meter - Week of November 11

Catch the Weekly Segment of ET Now's Funding Meter powered by Venture Intelligence. The show features Arun Natarajan, CEO - Venture Intelligence covering top Deals of the week and upcoming trends. The week's edition includes rising interest of Corporate investments in startups and VC interest in the logistics space.
(Click to View)
Click here to catch ET Now Funding Meter for November 11, 2016.

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

The Bubble that never was: The Ken

An article by The Ken titled The Bubble that never was quotes Venture Intelligence data on VC investments in India: According to Venture Intelligence, compared with the $1.6 billion invested in the first nine months of 2015—January to September—venture capitalists invested a little more than $1 billion in the same period this year. While this 35% drop is material, it is a sign that the market is efficient and self-regulating. The year 2015 was one where the “accepted normal” was reset to a new level – as with most major market resets, there were occasional overreaches with companies getting funded more than they deserved and at higher valuations than they merited, the lower figures this year represent an organic rationalization instead of a “bubble burst”.Click here to read the article.


Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in Ind…

Mint-Venture Intelligence Deal Tracker (Nov 7)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint. The Weekly update is featured in the Deals Section (Page 3) on every Monday.

Previous Week's Edition

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Can Indian Startups Crack the "Financial Discipline" Puzzle?

Speaking at the Venture Intelligence APEX PE-VC Summit in March 2016 - at a time when belt tightening among start-ups was the need of the hour - Avinash Luthria, Principal, responsAbility, advised tech entrepreneurs to mimic the frugal practices adopted by traditional Indian business communities like the Banias and the Marwaris. 
Now, Anand Lunia, Founder of seed fund India Quotient, has made a blog post on the specific ills that seem to be preventing Indian start-ups from walking the talk on frugality. Extracts:    Interestingly, Revenue per employee and capital efficiency have been identified by practically everyone as a big systemic problem in India. ...Uber did not offer a call center in India. Ola did, and consumers continue to call the helpdesk for every 30 seconds delay in their pick up.  ...Founders hire as per projections. For the first two board meetings, investors also focus on ‘team building’. Unable to meet the stretched targets presented to the board while raising money…

Legal Capsule by Tatva Legal

Notifications by the Department of Economic Affairs regarding Specified Bank Notes: Ceasing to be of Legal Tender
1. Introduction
November 8, 2016 will no longer only be remembered for the most anticipated elections of the United States of America, but also for the announcement made by the Prime Minister of India, abolishing legal tender of five hundred rupees and one thousand rupees valued bank notes of the existing series except with certain exemptions.
2. Power of the Central Government to abolish legal tender of Bank notes
2.1. The Reserve Bank of India (“RBI”) has the sole authority to carry on and transact the business of making and issuing bank notes in India by virtue of Section 17 (15) of the Reserve Bank of India Act, 1934 (“RBI Act”). 2.2. RBI Act also specifies that all bank notes shall be legal tender. However, Section 26(2) of the RBI Act, provides power to the Central Government on recommendation by the Central Board of Directors of the RBI to declare by notification that ba…

Edelweiss, Canada’s CDPQ to invest $750 million in stressed assets: Mint

A Mint article titled Edelweiss, Canada’s CDPQ to invest $750 million in stressed assets quotes Venture Intelligence data on PE/VC Investments in Asset Reconstruction companies.  


Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

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Mint-Venture Intelligence Deal Tracker (Oct 31)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint. The Weekly update is featured in the Deals Section (Page 3) on every Monday.




Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Angel investments pick up pace in Q3: Mint

A Mint article quotes Venture Intelligence data on rising angel investments in Q3 2016.



Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

For Indian ecommerce players, Chinese investors are emerging as a potent option

An Economic Times article titled For Indian ecommerce players, Chinese investors are emerging as a potent option quotes Venture Intelligence data on Chinese investors in India: According to venture capital tracker Venture Intelligence, from January 2015 to April 2016, Chinese investors, including Alibaba and Tencent, committed roughly $1.1 billion to Indian startups. Venture capitalists are not surprised that there is a bit of China in most of the top Indian startups.Read Related Posts:
The Japanese & Chinese Connection in India

Chinese investors go head to head with traditional investors in investing in India

Video - India: The Big Picture for 2016 (Includes a discussion on China)


Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

Investor interest in microfinance institutions at an all-time high in 2016

A Mint article titled Investor interest in microfinance institutions at an all-time high in 2016 quotes Venture Intelligence data on the historic high of PE/VC Investments in Microfinance:

2016 Reports on Other Sectors:
PE/VC Investments in Education spike up in 2016
What's Next for Fintech?

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

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