The Venture Intelligence Blog

In what could be termed as a “Jio moment” for the South East Asian country’s economy, 2021 has seen 1.5 million Filipinos - from grandmothers to tech nerds - log on to a Blockchain-based game to not just entertain themselves, but also supplement their incomes in uncertain times.During the peak of the COVID-19 pandemic, many parts of the Philippines economy came to a grinding halt. GDP contracted 9.6% in 2020, the largest annual decline ever recorded (since data collection began in 1946), according to IHS Markit. The lockdowns severely impacted 26 million people — nearly one quarter of the population. Store owners, Lolo (75) and Lola (65), used to earn USD $50-60 a day from their business. However, during the pandemic, they were lucky to bring home even USD $5-6. Axie Infinity – a Blockchain-based game created by Vietnam-based startup Sky Mavis – served as a means to not only supplement their income, but also foster a new hobby by exploring this virtual world. Amid the lockdowns, ...

JM Financial and Kotak Mahindra Capital claim the No.2 & No.3 slots Ernst & Young (EY) topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals   during 2021, advising 39 deals worth $16.75 Billion. JM Financial ($7.88 Billion across 13 deals) and Kotak Mahindra Capital ($7.87 Billion across 8 deals) took the second and third spots respectively. Avendus ($5.91 Billion across 9 deals) and PwC ($5.63 Billion across 13 deals) completed the top five. Among the larger deals of 2021, EY and Arpwood Capital acted as the advisors to the $5.2 Billion buyout of the Dewan Housing Finance or DHFL by Piramal Enterprises . Avendus, Kotak Mahindra Capital, and PwC acted as the advisors to the digital payments provider Billdesk's $4.7 Billion acquisition by Prosus-Ventures backed PayU . EY acted as advisor to Carlyle Group's acquisition of Baring Private Equity Asia's (BPEA) stake in Hexaware Technologies . JM Financial advised the $2.8 Billion bi...

CAM and Trilegal Take 2nd and 3rd Spots AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions during 2021 advising 77 deals worth $31.2 Billion. It was followed by Cyril Amarchand Mangaldas (CAM) ($26.3 Billion across 79 deals) and Trilegal ($16.6 Billion across 24 deals) respectively. Shardul Amarchand Mangaldas (SAM) ($16.5 Billion across 37 deals) and Khaitan & Co. ($12.9 Billion across 82 deals) completed the top five. Among the larger deals during 2021, AZB, CAM and Trilegal advised Piramal Enterprises' acquisition of stressed mortgage lender DHFL for $5.2 Billion . AZB, SAM, and Trilegal  advised the $4.7 Billion acquisition of digital payments provider Billdesk by PayU . CAM advised Adani Green Energy’s acquisition of 100% interest in SB Energy from Japan's SoftBank Group and Bharti Group for $3.5 Billion . SAM advised Carlyle Group’s $3 Billion acquisition of IT services firm Hexaware Technologies . ...

by CA.Aditya Sesh, Basiz Fund Services  For a  few years now,  the Government has been continuously providing incentives to India's only Offshore regime currently located in GIFT City, Gandhinagar.  As a result, the domicile is now beginning to compete well with our nearest domiciles for the offshore fund industry, namely Mauritius and Singapore. In this budget too, the reforms and encouragement have continued without a break.  Following are the key proposals placed before Parliament for approval: Exemption from the income tax on income derived from derivatives. While similar benefits were provided in the previous year, this seems to be an  amplification of what was provided in the past. Similar exemptions have been provided on the incomes of portfolio management Service managers. The details will reveal the exact nature of the proposal. Ship leasing and Aircraft Leasing are counted as new sunrise sectors within the relatively new domicile of IFSC. It is pr...

Ernst & Young and PwC claim the No.2 & No.3 slots Avendus has topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions in 2021 advising 43 deals worth $9.9 Billion. Ernst & Young (EY) came next advising 32 deals worth $8.2 Billion. PwC followed with 26 deals worth $5.6 Billion. JM Financial ($3.9 Billion across 7 deals) and Kotak Mahindra Capital ($3.2 Billion across 8 deals) completed the top five for 2021. Avendus, Kotak Mahindra Capital, and PwC acted as the advisors to the  complete exit by PE-VC investors in Billdesk (via the digital payments provider’s acquisition by Prosus-Ventures backed PayU) . Among other larger private equity deals in the year, EY acted as advisor to Carlyle Group's acquisition of Baring Private Equity Asia's (BPEA) stake in Hexaware Technologies . JM Financial advised the $2.8 Billion bid by Blackstone to buy out a 75% stake in publicly listed MphasiS .  Among the largest deals in the Oc...