The Venture Intelligence Blog

Stellaris Venture Partners $300 million Fund III   has attracted significant attention in the ecosystem - including for its size and the speed with which it was raised. The three original partners of Stellaris - Ritesh Banglani, Alok Goyal and Rahul Chowdhri - have recently shared details of the fund raise, via two different podcasts. While Ritesh and Alok spoke on the Neon Show , while Rahul appeared on Prime Venture Partners' podcast  (along with Gautam Mago of A91 Partners). The newest partner at Stellaris, Naman Lahoty, had also joined Stellaris' founders in an Yourstory Podcast  where they covered broader startup ecosystem related topics (than just the fund raise).  Stellaris has meanwhile launched its own podcast (but naturally?) - where, as part of the first episode , Rahul Chowdhri, has interviewed Kirti Varun Avasarala (a senior product executive at Meesho  and Flipkart, who has since moved to Uber). All well worth a watch / listen - especially fo...

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 subscribers can download the 2024 VC annual report by logging into the VI database, while non-subscribers can contact  sales@ventureintelligence.com  for more information.

Press Release Norwest Venture Partners, Blume Ventures and Stride Ventures were awarded as the Top Venture Capital investors in India in 2024 as part of Venture Intelligence APEX‘25 Private Equity & Venture Capital awards event in Mumbai.  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 and "crowd sourced" voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Return Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies) Growth VC Investor of the Year Norwest Venture Partners received the Growth Venture Capital Investor of the Year 2024 Award on the back of two strong part exits during the year, including an over 30x return from Swiggy (which successfully pulled off the largest start...

Venture Intelligence study also highlights rising dominance of Homegrown VC funds in Early Stage funding   Only 1 in 4 startups that attract seed funding manage to raise follow-on funding in the form of a “Series A” round, a new report from Venture Intelligence , India’s longest serving data platform on Private Company Financials and Transactions, shows. Out of the about 3,250 startups that had raised seed funding between 2015-2023, only 25% (i.e., 821 companies) managed to raise a Series A round (typically the first round of institutional Venture Capital funding), the study titled Series A Landscape Report found.  Once a startup attracts a Series A round however, its success ratio in raising subsequent rounds of capital, improves quite significantly. For instance, 41% of the companies that raised a Series A during the study period, succeeded in raising a Series B round. And, of the startups that attracted a Series B round, 45% succeeded in obtaining a Series C round. Of the ...

Private Equity-Venture Capital (PE-VC) funds invested $7 Billion (across 205 deals) in India-based companies during the quarter ended  September 2024 (Q3'24),  shows data from  Venture Intelligence , a research service focused on private company financials, transactions, and their valuations .  The investment amount represents a 9% rise over the $6.4 Billion (across 193 deals) invested in the same period during 2023 (and 6% higher in volume terms). However, the figure was as much as  20% lower  (and 10% lower in volume terms)  when compared to the immediate previous quarter (which witnessed $8.8 Billion being invested across 228 deals).  Q3’24 witnessed 20 mega deals ($100 M+ rounds) worth $5.1 Billion, compared to 17 such investments (worth $4.7 Billion) in Q3’23 and 24 such deals (worth $6.4 Billion) in the immediate previous quarter.  The largest investment announced in the latest quarter was the $550 Million commitment by Canada-headquart...

Press Release: Private Equity - Venture Capital (PE-VC) firms invested over $8.3 Billion (across 233 deals) in Indian companies during Q2’24, shows data from Venture Intelligence , a research service focused on private company financials, transactions, and their valuations.  The Q2'24 investment amount represents a 33% fall over the $12.4 Billion (across 235 deals) invested in the same period during 2023 .  (Note: These figures exclude PE investments in Real Estate).  The latest quarterly numbers take the PE-VC investment figures for the first 6 months of 2024 to $14.6 Billion (across 431 deals) which is 24% lower compared to the same period in 2023 (which saw $19.2 Billion being invested across 495 deals). W hen compared to the immediate previous quarter (Jan - Mar 2024, which witnessed $6.4 Billion being invested across 198 deals) however, Q2'24 has witnessed a almost 30% uptick. Deal volumes in Q2'24 - which were flat compared to Q2'23 - were up 18% compared to the ...

Press Release: Private Equity - Venture Capital (PE-VC) firms invested over $6.2 Billion (across 205 deals) in Indian companies during the first three months of 2024, shows data from  Venture Intelligence , a research service focused on private company financials, transactions, and their valuations. (Note: These figures include Venture Capital type investments, but exclude PE investments in Real Estate). The investment amount represents a 8% fall over the $6.7 Billion (across 242 deals) invested in the same period during 2023 and also down by 6% when compared to the immediate previous quarter (which witnessed $6.6 Billion being invested across 200 deals). Deal volumes in Q1'24 also declined 15% compared to Q1'23 and were up by 3% compared to the immediate previous quarter.  Q1’24 witnessed 8 mega deals ($100 M+ rounds) worth $3.5 Billion, compared to 17 such investments (worth $3.6 Billion) in Q1’23 and 15 such deals (worth $4.1 Billion) in the immediate previous quarter....

Chiratae Ventures, Speciale Invest and Stride Ventures were awarded as among the leading Venture Capital investors in India for 2023 as part of Venture Intelligence APEX‘24 Private Equity & Venture Capital awards event in Mumbai.  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 and "crowd sourced" voting from the Limited Partner, PE-VC and advisory communities. (The main criteria are Return Track Record, New Fund Raises & Follow-on Funding Rounds for Portfolio Companies) VC Investor of the Year Chiratae Ventures received the Venture Capital Investor of the Year 2023 Award on the back of 10 part exits totaling $178 million via Secondary Sales during the year. Its exits included those from retail unicorn Lenskart, SaaS Startup Pixis and baby pr...

The value of investments by Private Equity - Venture Capital (PE-VC) firms in India fell by 38% to less than $30 Billion in 2023. PE-VC firms invested $29.7 Billion (across 756 deals) in Indian companies in 2023, compared to $47.6 Billion (across 1,362 deals) in the previous year, reports Venture Intelligenc e, a research service focused on private company financials, transactions, and their valuations. (Note: These figures exclude PE investments in Real Estate).                                                                                                                                      ...

Press Release Less than 1 in 3 startups that attract seed funding manage to raise follow-on funding in the form of a “Series A” round, a study by Venture Intelligence, the leading provider of data on private company financials, transactions and their valuations, shows.  Out of the over 2,500 startups that had raised seed funding between 2015-2022, only 29% (i.e., 734 companies) managed to raise a Series A round (typically the first round of institutional Venture Capital funding), the study titled “Series A Landscape Report” found. However, once a startup attracts a Series A round, its success ratio in raising subsequent rounds of capital, improves quite significantly. For instance, 50% of the companies that raised a Series A during the study period, succeeded in raising a Series B round. And, of the startups that attracted a Series B round, 62% succeeded in obtaining a Series C round. Of the Series C funded companies, 70% managed to raise rounds that were Series D and beyond. (Note...