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Showing posts from July, 2017

Mint-Venture Intelligence Deal Tracker (July 24)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint tracking all Private Equity, Venture Capital, M&A, Real Estate and Strategic investments in India. The Deal Tracker is featured in the Deals Section (Page 3) 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.

Will we see InfiDeal/ SnapBeam?

According to a new Mint article, the Snapdeal founders are "pushing" for a merger of the company with publicly listed Infibeam, which has reportedly offered a $700 million stock merger deal. Venture Intelligence compares the two companies on select metrics:


Do you think Snapdeal's combination with Infibeam makes better sense than to go with Flipkart?
The financial numbers for Snapdeal (Jasper Infotech) is sourced from the Venture Intelligence Companies Financial Search (CFS) Database which includes data on thousands of privately held companies.
Click here to take a trial to the CFS Database.
The infographic was featured in today's Mint 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.

Mint-Venture Intelligence Deal Tracker (July 17)

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

Funding and investments in Indian fashion: Business of Fashion

A report by Business of Fashion magazine's Namita Bhagat covering investment opportunities and challenges in the Textiles, Apparel & Fashion space in India quotes Venture Intelligence data on funding and M&A. The online edition can be read here.





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 (July 10)

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

Are VCs shifting to B2B in 2017? - ET Now Startup Central with Dev Khare, Lightspeed

ET Now’s Startup Central show featured Venture Intelligence data on Quarterly and Half Yearly VC Investments in 2017. Dev Khare, Managing Director, Lightspeed India was a special guest on the show sharing some of the firm’s perspective on the recent trends



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.

State of realty: Rotten foundations? Yes; Unreal expectations? No

An International Business Times article by Ravi Menon, covering the effect of recent regulations on Indian Real Estate, quotes Venture Intelligence data on Private Equity investments in the sector: Private equity (PE) players may still not buy into the realty gloom story. PE funds have put in $2.5 billion across 29 deals in real estate in the first half (H1) of 2017, which is 61 per cent higher than the corresponding period of 2016, according to data collated by Venture Intelligence. That points to robust optimism ruling the residential market. But there is a catch. Only half of the deals closed in H1 are residential and the rest are commercial, unlike two years ago, when 100 per cent of the deals were residential.
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.

Shriram-IDFC deal to give investors exit option: Business Standard

A Business Standard article quotes Venture Intelligence data on Private Equity investments and exits in Shriram Group, which is in talks with IDFC for a potential merger. "The group firms have attracted an investment of $1.08 billion infused by 17 PE players over a period of 12 to 15 years. This is excluding the strategic investments, including Piramal and Sanlam, and debt investments. According to Venture Intelligence data, Shriram City Union Finance raised $550 million from a number of PE players including Norwest, ChrysCapital, Merrill Lynch, CPIM Funds, ICICI Venture, Bessemer, and Apax Partners. According to Venture Intelligence data, there were 17 exits — both complete and partial — from SCUF between June 2008 and July 2016. These have brought back a return multiple ranging from 1.91x for ICICI Venture to 4.97x for Norwest Venture Partners. STFC has seen a complete exit of TPG Capital for a return multiple of 6.05x in May 2013 and three partial exits by ChrysCapital and TP…

AZB & Partners tops Legal Advisor League Table for M&A deals in H1’17

Shardul Amarchand Mangaldas, Vaish Associates claim the No.2 & No.3 slots

AZB & Partners topped the Venture Intelligence League Table for Legal Advisors to M&A Transactions during the first six months of 2017. AZB & Partners advised M&A deals worth $14.4 Billion (across 24 qualifying deals) during the period. Shardul Amarchand Mangaldas ($13 Billion across 10 deals) and Vaish Associates ($12.5 Billion across 2 deals) followed next. S&R Associates ($12.4 Billion across 5 deals) occupied the fourth spot while Bharucha & Partners and Slaughter May shared the fifth spot for H1 2017. All the top five firms were involved in the Vodafone-Idea merger deal.
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
AZB advised deals during the period included the sale of Tikona’s 4G business to Bh…

AZB & Partners tops Legal Advisor League Table for PE deals in H1’17

Cyril Amarchand Mangaldas, Khaitan & Co. claim the No.2 & No.3 slots

AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions during the first six months of 2017. AZB advised PE deals worth $4.8 Billion (across 36 qualifying deals) during the period. Cyril Amarchand Mangaldas ($3 Billion across 27 deals) and Khaitan & Co. ($1.5 Billion across 17 deals) followed next. Shardul Amarchand Mangaldas ($1.1 Billion across 10 deals) and S&R Associates ($555 million across 8 deals) completed the top five for H1’17.
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
AZB advised deals include Carlyle’s $955 million investment in PNB Housing and the $952 million investment by investors including KKR in Bharti Airtel. Transactions advised by CAM incl…

CPPIB grabs pole position for PE investment: Business Standard

A Business Standard article quotes Venture Intelligence data on the top PE investors in India in H1 2017. In seven years, Canada Pension Plan Investment Board (CPPIB) has transformed itself from a passive investor in India to the largest private equity (PE) investor. It has invested over $1.5 billion in the past six months. It is followed by Japanese firm SoftBank and US-based PE giant Warburg Pincus which invested $1.4 and $1.1 billion, respectively, in this period.

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.

Axis Capital Tops Transaction Advisor League Tables for M&A Deals in H1 2017

Kotak, UBS Securities take no.2 and no.3 slots; EY tops inclusive of due diligence services


Axis Capital topped the Venture Intelligence League Tables for Transaction Advisor to M&A deals for H1 2017 advising M&A deals worth $12.7 billion (across three qualifying deals) followed by Kotak ($12.6 billion across three deals) and UBS Securities ($12.5 billion across two deals).
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
The biggest M&A deal in 2017, the Idea Cellular – Vodafone merger involved the top 3 firms as well as firms such as Morgan Stanley, Robey Warshaw and Rothschild who occupy the fourth slot.
Axis Capital advised M&A deals also included the buyout of Aegis BPO by Capital Square Partners. Kotak advised deals also included the acquisition of auto component manufacturer Sono Koyo S…

ICICI Securities Tops League Table for Financial Advisor to Private Equity Transactions in H1 2017

Veda Corporate Advisors & o3 Capital top by deal volume; EY tops table inclusive of due diligence & other services

ICICI Securities claimed the top position in the Venture Intelligence League Table for Transaction Advisor to Private Equity deals in H1 2017 acting as financial advisor to the $383 million stake sale in ICICI Lombard General (by Fairfax Holdings)to investors including Warburg Pincus. Citi (which advised the $360 million Tata Technologies-Warburg Pincus deal)and Axis Capital ($275 million buyout of Aegis BPO by Capital Square Partners) registered the second and third spots respectively. 
The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
Deloitte ($250 million investment by CDPQ in a Realty JV with Piramal Enterprises) and Avendus ($208 million across four deals) completed the Top 5 list …

How did PE/VC investors in AU Small Finance fare in the IPO?

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.

Japan’s private investment in India tops $1 billion in first half of 2017: Japan Times

A Japan Times article quotes Venture Intelligence data on investment by Japanese firms in India: Japanese firms invested at least $1.43 billion (about ¥163 billion) in Indian private equity and venture capital deals in the first half of 2017, more than triple the $459 million in 2016, according to data provided by Indian research firm Venture Intelligence. Telecommunications giant SoftBank Group Corp. accounted for $1.40 billion, or 98.9 percent, of the first-half sum with two large deals in the telecom sector. Six other deals were sealed with Japanese companies, ranging from marketing for agriculture and logistics to travel and wellness, the data showed. In one of its two deals, SoftBank invested in One97 Communications Ltd., which operates India’s largest mobile payment and commerce platform under the Paytm brand. The remaining $30 million came from Mistletoe Inc., GREE Ventures Inc., Rebright Partners Ltd. and SoftBank, in partnership with other non-Japanese firms, in deals involv…

Karadi Finally on Right Path with Social VC Funding?

Business Line has a fascinating account of the travails faced by Chennai-based children's entertainment and education brand, Karadi Tales, in its search for strategic / financial partners. Viswanath has been fire-fighting to keep afloat Karadi Tales (now a unit of Karadi Path), the company he and his wife Shobha founded in 1996. A distribution agreement with Times Music had landed them in court. And the merger with ACK Media (publishers of Amar Chitra Katha) and subsequent acquisition by Kishore Biyani’s Future Ventures didn’t pan out as expected.  ...The partnership (with Times Music) turned sour when there was a change in leadership at Times Music...When Viswanath cited the exit clause and asked for the agreement to be nullified, his partner refused to oblige and instead took him to court, which issued a stay order. Viswanath and his team, despite founding Karadi Tales, could no longer use the brand. “It took us two years to get out of the case,” says Viswanath, who also had to …

Venture Capital investments dip 25% in Q2’17

At 78 deals worth $275 million, Q2 2017 is lowest quarter for VC investments in the last 3 years, Venture Intelligence data shows
Venture Capital investments slid to 78 deals worth $275 million during the three months ending June 2017. The investment activity in Q2’17 was 25% lower compared to the same period in 2016 (which witnessed 104 investments worth $309 million). The activity level was 7% lower compared to the immediate previous quarter (which witnessed 84 deals worth $349 million). 

IT & ITeS companies attracted 54 investments worth $180 million (69% of the activity pie) - down 33% compared to the same period in 2016. Top tech investments included e-commerce search software company Unbxd, insurance marketplace Coverfox, logistics tech company Fortigo and edtech company Unacademy. Financial Services firms – led by OneAssist and Ummeed Housing Finance- attracted 4 investments worth $25 million. 

Seed rounds witnessed a steep 53% fall in Q2 2017 to 22 transactions (compared t…

Private Equity investments up 62% to $5.4 Billion in Q2’17

Half year total hits record high of $11.3 Billion, Venture Intelligence data shows
3rd straight quarter of over $5 Billion in PE investments – a new record again
Private Equity firms invested about $5.4 Billion across 124 deals during the quarter ended June 2017, according to data from Venture Intelligence (http://www.ventureintelligence.com), a research service focused on private company financials, transactions and their valuations. The investment amount was 62% higher than the amount registered in Q2’16 (which had witnessed $3.3 Billion across 145 transactions) but 9% lower than the immediate previous quarter (which saw a record $5.9 Billion across 148 transactions). These figures take the total investments in the first six months of 2017 to a record $11.34 Billion (as against the $7.4 Billion across 335 companies in the same period last year and the previous record high of $10 billion in the second half of 2007). (Note: These figures include Venture Capital investments, but exclude…