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Showing posts from October, 2017

Venture Intelligence - Mint Deal Tracker (October 23)

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. To get comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments  sign-up  to our Weekly Newsletter. View a  sample DD Newsletter  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.

What sets global PE firm General Atlantic apart from its peers: ET

The Economic Times's story on General Atlantic investments in India quotes Venture Intelligence data: Click here to read the article. Related Stories: Tiger Global Investments in India Warburg Pincus Investments in India Japanese Venture Capital Investors in India 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.

PE investments into real estate up a tad in first 9 months: The Economic Times

An ET article quotes Venture Intelligence data on Private Equity investments in Real Estate in 2017: Private equity investments in real estate for the first nine months of the year rose marginally to touch $3.16 billion across 40 deals as global and domestic institutional investors continue to infuse capital into Indian real estate, especially in the commercial segment.  The average investment size has also increased as similar inflow was registered during the year-ago period across 66 transactions, data from Venture Intelligence showed. The latest quarterly figures take the total PE investments in real estate in the first nine months of 2017 to $3.16 billion across 40 deals, up marginally compared to $3.14 billion across 66 deals in the same period in 2016.  In the third quarter, commercial space continued to dominate in terms of volume and value. Six deals worth $356 million were announced in the commercial space compared to five deals worth $340 million in...

How consumer product startups are battling roadblocks to stand out amid giants: Economic Times

ET quotes Venture Intelligence data on FMCG startups taking on industry giants: The rising wave of consumer startups has triggered a surge in investments this year. Data from research platform Venture Intelligence show $230 million was infused into consumer product startups in just the first three quarters of this year, as compared with $78 million all through 2016.  The article also quoted other interesting stats on the industry: 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.

Venture Intelligence - Mint Deal Tracker (October 9)

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. To get comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments  sign-up  to our Weekly Newsletter. View a  sample DD Newsletter  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.

Shardul Amarchand Mangaldas tops M&A League Tables for Q3'17

AZB & Partners continued to top the League Table in terms of both value and volume for the first nine months of 2017   For the three months ended September 2017,  Shardul Amarchand Mangaldas topped the League Table for M&A transactions advising deals worth $785 M, followed by AZB & Partners ($682 M) and Khaitan & Co. ($668 M). Deals advised by Shardul Amarchand Mangaldas during the period included General Atlantic's buyout of Karvy Computershare ',  Mars Inc's acquisition of Tasty Bites and the Carlyle's buyout of GE Capital's stake in its cards processing JV with SBI . AZB & Partners also advised the first two deals as well as the Advent International's investment in Dixcy Textiles . Khaitan & Co. advised the stake increase of  Tokio Marine in its Indian insurance joint venture IFFCO Tokio  and the Wilmar International investment in Shree Renuka Sugars . For the first nine months of 2017, AZB & Partners continu...

AZB advises PE deals worth about $11 B in First 9 Months of 2017

AZB & Partners  continued to top the Venture Intelligence League Tables for Private Equity Transactions during the first nine months 2017 advising deals worth $10.9 Billion. AZB was followed by Cyril Amarchand Mangaldas ($5.8 B) and Khaitan & Co. ($4.3 B). J Sagar Associates ($2.2 B) and Shardul Amarchand Mangaldas ($2.1 B) completed the top 5 for the year so far. AZB topped the table by number of deals as well reporting 60 qualifying deals followed by Cyril Amarchand Mangaldas (53 deals) and Khaitan & Co. (30 deals). Shardul Amarchand Mangaldas (23 deals) and IndusLaw (22 deals) completed the top 5 by deal volume. Among foreign firms, Gunderson Dettmer advised 3 deals worth $2.9 B including SoftBank's investments in Flipkart and Oyo Rooms . 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...

SBI - GE cards deal propels Morgan Stanley to Top 3 in M&A Chart

Carlyle's July buyout of GE Capital 's stake in its cards processing JV catapulted  Morgan Stanley  into second position of the Venture Intelligence M&A League Table for 2017. Other large deals during the July-September quarter included the  Edelweiss Financial Services and IMAP India advised INR 800 Cr investment by Wilmar International into Shree Renuka Sugars . Axis Capital advised the Axis Bank - Freecharge acquisition and the strategic investment by Reliance Industries into   Balaji Telefilms . 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 advisors to the $12.4 Billion Vodafone - Idea Cellular merger announced in March - Axis Capital , Morgan Stanley , Kotak, Robey Warshaw and Rothschild - continued to account for the top 5 spots during...

Flipkart - SoftBank propels Goldman Sachs, Citi to top of 2017 League Table

Aided by the biggest investment in Indian Private Equity history i.e. Flipkart - SoftBank , financial advisors to the deal - Goldman Sachs and Citi - topped the Venture Intelligence League Tables for 2017. Avendus came in at third place advising Dixcy Textiles - Advent International and Paras Healthcare - Creador deals. Standard Chartered and ICICI Securities completed the top five. 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. Including due diligence deals, Citi came first followed by  Ernst & Young  advising $2.7 B across 25 deals. Goldman Sachs came in at third. Going by no. of deals, Avendus topped the League Tables with 10 deals in 2017, followed by Unitus Capital and Creedcap Asia which advised 7 deals each. Veda Corporate , IndigoEdge and Sprout Capital...

VC Interview: Manish Kheterpal of WaterBridge Ventures

Even as 2017 witnesses a shrinking of overall Early Stage Venture Capital activity, WaterBridge Ventures – a new early stage focused firm - has notched up as many as six investments already during the year. In an interview to Venture Intelligence, Manish Kheterpal , WaterBridge’s Founder & Managing Partner– an IIT-Delhi & Stanford alum who had worked earlier at Providence Equity Partners, Actis Capital and Rho Capital Partners - expands on the firm’s fund raising experience and investment outlook. Venture Intelligence: You had announced a first close of your INR 100 Cr ($15 M) fund in mid 2016 with about $5 M (INR 33 Cr). How was the fund raising experience?  Manish Kheterpal: We were fortunate to launch the fund in 2016 without the need for an anchor investor. That helped us get our team, processes and market presence sorted, and also make some early investments while being highly selective about our portfolio. Since we are building a curated portfolio of...

Venture Intelligence - Mint Deal Tracker (October 2)

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. To get comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments  sign-up  to our Weekly Newsletter. View a  sample DD Newsletter  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.

Venture Intelligence - Mint Deal Tracker (September 25)

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. (Click to View) To get comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments sign-up to our Weekly Newsletter. View a sample DD Newsletter 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.

VC investments dip 30% in first 9 mths of '17

Venture Capital firms made 242 investments worth $910 Million in the first nine months of 2017 - 30% lower compared to 346 deals worth $1.1 Billion recorded in the same period in 2016, data from Venture Intelligence shows. The investments in Jan-Sep 2017 are 42% lower than the all time highs (of 414 deals) seen in the comparable period in 2015. Note: Venture Capital is defined by Venture Intelligence as Seed to Series D round investments in companies less than 10 years old with value of up to $20 Million. July - September Quarter VC firms invested about $271 Million across 63 deals during the quarter ended September 2017 – the lowest among the preceding 9 quarters. The investments were 37% lower compared to the same period in 2016 which registered 100 deals worth $429 deals. The latest quarter witnessed a significant low down in early stage tech investments as well as in non-tech sectors. Among the sectors that saw a significant fall in early stage investments included...

Angel Networks 2.0

Extracts from an Economic Times article titled "How India's two largest angel investor groups are fine tuning their funding strategies": The scale these networks are staring at as well as the manner India's startup ecosystem has developed in the past two to three years are forcing an overhaul that both IAN and Mumbai Angels like to fashion up as another stage of evolution.  "During the early days, there were only two large networks. You were not only getting money but access to the finest brains in the country. But post 2013, a number of micro venture capital funds have come up. Several entrepreneurs now prefer getting money from a single investor when they need a cheque of Rs 1-3 crore rather than have 20 angels pool in their money, which has its own challenges," said Anil Joshi, managing partner at Unicorn India Ventures, an early-stage fund.   ..."It's an evolution because when we started out nobody understood startups as an asset clas...

Private Equity investments hits all-time high in 2017

$17.6 B invested in just the first 9 months of the year surpasses the previous full year high of $17.3 Billion recorded in the entire of 2015, Venture Intelligence data shows.  SoftBank’s mega bets on Internet & Mobile companies accounts for 24% of total investment value Private Equity firms invested about $17.6 Billion in Indian companies in just the first 9 months of 2017 - sailing past the previous high of $17.3 Billion recorded in CY 2015, data from Venture Intelligence, India’s longest serving research service focused on private company financials, transactions and their valuations, shows. The year has already recorded as many as 21 investments over $200 million in size in addition to 15 deals between $100 million and $200 million. The mega deals have been dominated by four sectors: Internet & Mobile; Infrastructure; IT Services & BPO and BFSI (Banking, Financial Services and Insurance). Over $4 Billion of the investment value - 24% of the total - has...