The Venture Intelligence Blog

Mumbai, India, Feb 27, 2019:  ChrysCapital and Sequoia Capital bagged two awards each as part of the “Awards for Private Equity Excellence” (APEX)   event organized by Venture Intelligence.  ChrysCapital bagged the  Private Equity Fund Raise of 2018 Award ( Closed $850 M Fund VIII within 4 months of launch ) and the  Private Equity Investor of 2018 Award ( for its Exits from LiquidHub with 4x in dollar terms (within 4 years of its $53-M investment), AU Small Finance Bank with 11.5x return,  Torrent Pharma with 2.95x, City Union Bank with 2.83x, L&T Infotech with 2.56x) Sequoia Capital India won the Early Stage VC   Investor   (the firm registered 10x+ exits in Byjus Classes and SCIOInspire)  and VC Fund Raise of 2018 (the firm closed an almost $700-M Fund VI). Award Winners at APEX'19 PE-VC Awards The event opened with a Fireside Chat with  Kiran Reddy , CEO of SPI Group  interviewed by his long time fr...

DPIIT issues notification to revise exemptions for start-ups under Section 56(2)(viib) Given its direct impact on availability of capital, taxation of start-ups on account of issuance of shares at a premium above the fair market value under Section 56(2)(viib) of the Income-tax Act, 1961 (“IT Act”) – also referred to as Angel Tax – has been an issue of concern for the start-up sector for some time now. To alleviate these concerns, the Department for Promotion of Industry and Internal Trade (“DPIIT”) has issued a Notification dated 19-02-2019 (“Notification”) in supersession of earlier notifications dated 11-04-2018 as modified by another notification dated 16-01-2019. At its core, there are three key aspects of this Notification: definition of start-ups (as per DPIIT); eligibility for claiming deduction under Section 80-IAC of the IT Act; and exemption under Section 56(2)(viib) of the IT Act. A few important aspects pertaining to these are set out below: Definition of s...

A Ken article titled  Jiometrics: A graphical narrative of Reliance’s telecom, media and e-commerce machine   (behind paywall), quotes Venture Intelligence data on select investments and acquisitions by Reliance Industries. Piqued to know about the Reliance Industries' other investments in retail, fashion, etc? Log into Venture Intelligence's M&A Deal Database . 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.

Barclays, Goldman Sachs claim the No.2 & No.3 slots; EY claims top spot including other advisory services JP Morgan topped the Venture Intelligence League Table for Transaction Advisor to M&A Transactions in 2018 . JP Morgan advised M&A deals worth $21.8 Billion (across 5 qualifying deals) during the period . Barclays ($21.1 Billion across 4 deals) and Goldman Sachs ($16.8 Billion across 2 deals) took the second and third spot. DSP Merrill Lynch and Morgan Stanley which advised the $14.6 Billion merger between Indus Towers and Bharti Infratel took the fourth spot. Alvarez & Marsal ($9.6 Billion across 6 deals) came in fifth. The top three transaction advisors had advised the $16 Billion acquisition of Flipkart by Walmart . 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. ...

Avendus, JP Morgan claim the No.2 & No.3 slots; PwC claims top spot including other advisory services EY topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions in 2018 . EY advised PE deals worth $4.9 Billion (across 17 qualifying deals) during the period . Avendus ($2.9 Billion across 18 deals) and JP Morgan ($2.2 Billion across 2 deals) took the second and third spot. Barclays ($2 Billion across 3 deals) and KPMG ($1.7 Billion across 7 deals) completed the top five in 2018. 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. EY advised deals during the year include M acquarie's $1.5 Billion investment in NHAI Toll-Operate-Transfer (TOT) Bundle and Blackstone's investment in Indiabulls' commercial assets in Mumbai . Avendus advise...

AZB & Partners, Cyril Amarchand Mangaldas claim the No.2 & No.3 slots; AZB & Partners claims top spot by deal volume Shardul Amarchand Mangaldas (SAM) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions in 2018 . SAM advised M&A deals worth $59.3 Billion (across 69 qualifying deals) in 2018 . AZB & Partners ($42.6 Billion across 73 deals) and Cyril Amarchand Mangaldas (CAM, $34.2 Billion across 48 deals) took the second and third spot. Khaitan & Co. ($26.5 Billion across 67 deals) and Trilegal ($22.2 Billion across 18 deals) completed the top five in 2018. 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. SAM advised deals include Walmart's $16 Billion acquisition of Flipkart and the $14.6 Billion merger between Indus Tower...

Cyril Amarchand Mangaldas, Trilegal claim the No.2 & No.3 slots; AZB & Partners claims top spot by deal volume Khaitan & Co. topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions in 2018 . Khaitan advised PE deals worth $16.5 Billion (across 55 qualifying deals) during the period . Cyril Amarchand Mangaldas (CAM) ($16 Billion across 56 deals) and Trilegal ($14.8 Billion across 26 deals) took the second and third spot. AZB & Partners ($12.8 Billion across 92 deals) and Shardul Amarchand Mangaldas (SAM) ($10.4 Billion across 82 deals) completed the top five in 2018. The top three legal advisors had advised investors and promoters in the $12 Billion exit from Flipkart. 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. Apart from th...