The Venture Intelligence Blog

Press Release ChrysCapital, Motilal Oswal Private Equity and Sequoia Capital India have been named the top Private Equity & Venture Capital investors in India during the last decade, as part of Venture Intelligence’s APEX Awards. 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.  While ChrysCapital won the “Private Equity Investor of the Decade” award, Motilal Oswal Private Equity was feted as India’s “Growth Capital Investor of the Decade”. The Indian arm of the storied Silicon Valley VC firm, Sequoia Capital, was named the country’s “Venture Capital Investor of the Decade”. 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 were Exit Track Record, New Fund Raises & Fo...

Anubha Shrivastava, Managing Director (Asia), CDC - one of the oldest investors in Indian PE/VC Funds - highlights the problems facing the industry in a Business Standard article . The twist in the tale is that many investors have generated single-digit net returns from the India portfolio. The 2004, 2005 and 2006 vintages that should have delivered outstanding returns have, in fact, had patchy returns at best. While funds have gone on to raise their second and even third funds, investors and returns are languishing. The root of this problem lies in the fact that the understanding between PE and the businesses was set incorrectly in 2004. PE was regarded by businesses as just another source of financing, alongside the public markets and bank debt. The PE industry did not correct this understanding. With capital rushing into PE in India and immature teams being set up to capitalise on the capital flow, a number of mistakes have been made by an immature start-up industry. The...

Highlights from the Venture Intelligence Indian 2010 Annual Private Equity Roundup Report Private Equity firms invested $7,974 million over 325 deals in India during the 12 months ending December 2010, compared to $4,068 million across 290 deals during the previous year, according to analysis by Venture Intelligence, a research service focused on Private Equity and M&A activity. (These figures include VC investments and exclude PE investments in Real Estate.) “After a volatile 3 year period, PE investment activity in 2010 reverts to the levels of 2006 (which had witnessed 358 investments worth $7,485 million),” pointed out Arun Natarajan, CEO of Venture Intelligence. “The really exciting feature of 2010 was on the exits side where activity vaulted to all time high levels with 121 transactions, including 24 via IPOs,” he added. Top Investments The largest investment reported during the year was the $425 million raised by power generation firm Asian Genco from investors including Ge...