The Venture Intelligence Blog

Press Release: Private Equity - Venture Capital (PE-VC) firms invested over $15.1 Billion (across 346 deals) in Indian companies during the first three months of 2022. according to early 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). While the investment amount  represents  a 72% rise over the   $8.8 Billion (across 257 deals) invested in the same period during 2021, the figure is down 20% compared to the immediate previous quarter which witnessed $18.9 Billion being invested (across 344 deals). Deal volumes in Q1'22 - which showed a 35% growth compared to Q1'21 - stayed flat compared to the immediate previous quarter.  Qatar Investment Authority's $1.5 Billion investment in the new media and consumer technology-focused platform Bodhi Tree (co-created by media veteran Uday Shankar an...

Press Release ChrysCapital, Motilal Oswal Private Equity, Ascent Capital, InvAscent and Lighthouse Funds  were voted the top Private Equity investors in India during 2021. 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. Speaking about current trends in the industry, Gaurav Ahuja, Managing Director at ChrysCapital, which won the PE Fund of the Year Award said, “Two trends are picking up steam in Indian PE: an increasing appreciation of ESG, and a deeper focus on operational value add. "T he maturing Indian PE sector is becoming more competitive. PE firms cannot rely on multiple expansions or organic revenue growth alone to drive returns, especially in a difficult macro environment. Rather, they must build capabilities in-house that can drive operational value-add measures for its portfolio companies: cost management, organizational development...

Press Release Elevation Capital , Chiratae Ventures , Blume Ventures , Stride Ventures and Alteria Capital were voted the top Venture Capital investors in India during 2021. 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. "VCs exist because Entrepreneurs exist and disrupt the ecosystem by creating new businesses. We are very excited to be part of the secular trend of tech disruption that would power India’s journey towards $ 10 Trillion economy over the next decade," said  T C Meenakshi Sundaram, Founder & Vice Chairman, Chiratae Ventures , winner of " VC Fund raise of the Year " award.  " We wish to thank all our entrepreneurs who have chosen to take funding from Chiratae Ventures and investors who have backed us with funds over the past 15 years in this journey.  Congratulations to the entire Chiratae Ventures team and ...

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...