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Showing posts from June, 2020

Jio deals help PE investments climb 12% in H1'20 to $18.8 B

Press Release With Reliance Industries' communications unit Jio Platforms attracting 51% of the investment value, Private Equity-Venture Capital (PE-VC) investments in India rose 12% during the first 6 months of 2020 to $18.8 Billion (across 341 deals), shows data from  Venture Intelligence , a research service focused on private company financials, transactions and their valuations. Investments totaling over $9.5 Billion in Jio by a troop of global private equity firms, following social media giant Facebook's $5.7 Billion mid April investment in the company, helped overall PE-VC investments better the $16.8 Billion (across 503 transactions) invested during the same period in 2019. (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate).   Jio Platforms' $9.5 Billion Private Equity haul (excluding Facebook’s strategic investment) was led by Middle Eastern and American investors with KKR, Saudi Arabia's Public Invest

Legal Capsule by Veyrah Law

CRYPTOCURRENCY EXCHANGES: AN INVESTMENT OPPORTUNITY Brief History The advent of cryptocurrency as an asset class was swift and it attained global popularity within a relatively short period of time. While the idea of a digital currency was not new, it really found wings with the publication of the white paper on ‘Bitcoin’ by Satoshi Nakamoto (an alias; the author’s real name remains anonymous till date). The objective was to create a currency which could be issued and tracked without being dependent on a central bank or a company. It would be tracked and recorded by the computers of people using the digital currency on a communally maintained database known as ‘Blockchain’. While Bitcoin may be the more popular of the cryptocurrencies, the space soon started witnessing the launch of multiple cryptocurrencies vying for space. Even though India was a little late to join the crypto party compared to some other developed countries like USA, Singapore etc., cryptocurrencies quickl

Legal Capsule by Veyrah Law

CONSIDERING LITIGATION IN INDIA |  PART III – ANTICIPATE THE DISPUTE & STRATEGIZE! This article is a continuation of the earlier articles where we outlined the challenges associated with litigating in India and the considerations that one must bear in mind before getting into a ‘fight’. As recommended in the earlier article, parties to commercial disputes must at all time seek to settle rather than litigate endlessly before courts in India. The desired settlement for each business may differ based on their own perception of the issue. But, the terms of any settlement always depend on the bargaining position of the people involved. One of the first steps to ensure a strong bargaining position in commercial disputes, is to spot the deterioration in relations early. Foreign businesses that operate in developed markets tend to fare better at the anticipation game than domestic Indian businesses. Domestic businesses have traditionally relied on good faith and relationships in

Multiples, TrueNorth, Gaja Capital and Tata Capital win Apex'20 Private Equity Awards

Multiples PE, TrueNorth, Gaja Capital and Tata Capital Healthcare Fund  were voted the top Private Equity investors in India during 2019. The Venture Intelligence “Awards for Private Equity Excellence” (APEX) is dedicated to celebrating the best that the Indian Private Equity & Venture Capital industry has to offer.       The APEX Awardees are selected based on both Self Nomination by the participating PE-VC firms as well as "crowd sourced" nominations and voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Exit Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies). Vishal Nevatia, Managing Partner, True North , said “We would like to thank Venture Intelligence and all the industry stakeholders for selecting us for this Award.  We are truly humbled and delighted to receive this award.  At True North, we started investing in private equity 2 decades ago.  During this time, we have seen private e