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April 18, 2018

Seed deals sprout as angels return to field: The Economic Times

An Economic Times article on Seed funding in India quotes Venture Intelligence data:

Data from Venture Intelligence shows that seed-stage investments by top VC firms since the start of 2017 have touched $144 million across 178 deals. Of this, $31 million was invested in just the first three months of 2018.
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.

April 16, 2018

Made for Each Other: Indian Startups and Chinese Investors

A South China Morning Post article quotes Venture Intelligence data on the rising Chinese VC investments in India.
While Western venture capital firms still dominate the investment of India’s tech world, statistics show the influence of Chinese money is on the rise. Last year, at least 23 deals signed by Indian tech start-ups involved Chinese investors, according to market research firm Venture Intelligence. By contrast, the figure was only eight in 2015. 

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 - Mint Deal Tracker (Apr 9, 2018)

Venture Intelligence is powering the Deal Tracker on The Mint - tracking Private Equity, Venture Capital, M&A, Real Estate and Strategic investments in India. The Deal Tracker is featured in the Deals Section (Page 3) every Monday.


For comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments sign-up to our Daily/Weekly Newsletter. View a sample Deal Digest Newsletter here.

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.

April 10, 2018

Indian auto component makers are hungry for overseas acquisitions: Mint

A Mint article quotes Venture Intelligence data on M&A in the Auto components sector:


According to Venture Intelligence, a service provider that tracks deals and financial transactions across industries, the auto component industry witnessed 13 M&A deals in calendar year 2017 and four in the first three months of 2018 (overseas and domestic).

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 - Mint Deal Tracker (Apr 2, 2018)

Venture Intelligence is powering the Deal Tracker on The Mint - tracking Private Equity, Venture Capital, M&A, Real Estate and Strategic investments in India. The Deal Tracker is featured in the Deals Section (Page 3) every Monday.


For comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments sign-up to our Daily/Weekly Newsletter. View a sample Deal Digest Newsletter here.

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.

April 05, 2018

The Business Of Hospitals: Big-ticket deals dominate PE/VC investment flows: The Indian Express

An Indian Express article quotes Venture Intelligence data on Private Equity investments in Hospitals:


Data sourced from Chennai-based research firm Venture Intelligence shows that a total $3.4 billion has been injected into hospitals by PE investors from 2007 till 2017. Notably, almost half of the investment during the period came via 10 transactions. Prior to the Fortis deal, the largest one was in early 2016, when Dubai-headquartered Abraaj Group bought controlling stake in Hyderabad-based CARE Hospitals for around $221 million.
In two deals in 2015 and 2017, Manipal Health raised $321 million from TPG Capital and Temasek Holdings, respectively. Naresh Trehan-led Medanta Medicity, in two deals in 2013 and 2015, received $275 million from Carlyle Group and Temasek, respectively.


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.

April 02, 2018

VCs favour B2B startups over B2C in Q1 2018

Overall VC investments dip 30%

B2B Companies grabbed 60% of the VC funding in the first quarter of calendar year 2018 - 46 deals (worth $148 million) compared to consumer companies which grabbed 30 deals (worth $109 million). Top VC investments in B2B Companies included those in SaaS startups like Chargebee, SirionLabs and payroll and benefits management company NiYO. Just the Enterprise Software segment accounted for 28% of total VC investments (by volume).


Overall Venture Capital firms made 76 investments (worth $257 million)in Q1’18- 30% lower compared to 109 deals (worth $397 million) recorded in the same period in 2017, data from Venture Intelligence shows. (Note: Venture Capital is defined by Venture Intelligence as Seed to Series D round investments in companies less than 10 years old with value of up to $20 Million.)

Angel investments (by angel networks and super angels) slipped Quarter-on-Quarter to 48 deals in Q1’18 compared to the 51 investments in Q4’17.

Top Deals


Vernacular social network ShareChat raised $18 million from SAIF, Lightspeed Ventures, strategic investor Xiaomi and others. Subscription billing Saas company Chargebee raised a similar amount from US-based Insight Venture Partners and existing investors Accel India and Tiger Global. Women’s wear company Go Colors raised $15.7 million from ICICI Ventures.

Company
Sector
Investors
Amount($M)
ShareChat
Social Network
Xiaomi, SAIF Partners,
Lightspeed Ventures, Others
18.2
ChargeBee
Subscription Billing
Insight Venture Partners, Tiger Global, Accel India
18
Go Colors
Womeswear
ICICI Venture
15.7
Coverfox
Marketplace -  Insurance
IFC, Others
14.7
NiYO
Employee Benefits
Social+Capital, Horizons Ventures, Prime Venture Partners, Others
13.2

By Sector


Tech investments accounted for 92% of the VC investments in the quarter - 70 deals worth $226 million. Among the top sectors, Healthtech registered 12 deals, followed by Fintech, Hardware and Edtech companies which registered 8 deals each.


VC Investments fell across major cities save Chennai. NCR companies registered a 46% fall in VC investments compared to Q1’17.


Venture Capital Exits


Venture Capital investors made 14 exits worth $292 million in Q1’18 - the lowest since Q1’17. 

The largest exit during the period was a $104 million part exit by Tiger Global and other investors from music platform Saavn, which was acquired by Reliance Jio Music. The second largest exit was a $61 million part exit by TPG Growth and IDG Ventures India from eyewear e-tailer Lenskart (through a secondary sale to TR Capital). 

Other VC exits in the quarter include a partial exit by IDG Ventures, SAIF and others from Xpressbees Logistics through a strategic sale to Alibaba. Tano Capital and Aavishkaar offloaded part of their stake in Arohan Financial Services (through a secondary sale to TR Capital).

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.

April 01, 2018

Private Equity investments fall 49% to $3.7 Billion in Q1’18

BFSI companies account for more than half the investment pie, Absence of mega deals in IT & ITeS drags down overall numbers

Private Equity firms invested about $3.7 Billion (across 133 deals) during the quarter ended March 2018 – down 49% compared to the $7.3 Billion (across 200 transactions) in the same period last year, according to data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations. The investment amount in Q1’18 was also almost 29% lower than the immediate previous quarter - which had witnessed $5.2 Billion being invested (across 152 transactions). Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate.


The latest quarter witnessed only 9 PE investments worth $100 million or more compared to 13 such transactions in the same period last yea. Also notable was the fact that Softbank – which dominated 2017 with its mega e-commerce bets on Flipkart, Paytm, Ola and Oyo - did not figure among the top ten deals in Q1’18. The only Indian investment by the Japanese investment giant so far in 2018 has been the relatively small follow-on investment (of INR 400 Cr or $61-M) in e-grocer Grofers.
The largest PE investment reported during Q1’18 was the $1.06 billion preferential allotment by publicly listed mortgage lender HDFC Limited to investors including GIC, KKR and others (including Canada Pension Plan OMERS, Carmignac Group and Premji Invest). The second largest investment in Q1’18 was the $275 million investment by TPG Capital in the resultant entity of the proposed merger between Manipal Hospitals and Fortis Healthcare.

Company
Investors
Amount

HDFC
 GIC, KKR, Others
$1,062 M

Manipal Health Enterprises
 TPG Capital
$275 M

RattanIndia Finance
 Lone Star
$200 M

Catholic Syrian Bank
 Fairfax Holdings
$180 M

Religare Enterprises
 Bay Capital Investments
$141 M

Gaana.com
 Tencent, Others
$115 M


Source: VentureIntelligence.com

On the back of $1.5 billion investments in NBFC companies, BFSI (Banking, Financial Services & Insurance) accounted for 51% of the PE investment value pie in Q1’18 attracting $1.9 billion across 14 transactions. Led by Tencent’s investment in Gaana.com, IT & ITeS companies came in next attracting $927 million across 79 PE investments, followed by Healthcare & Life Sciences companies which attracted $361 million across 9 transactions (led by the TPG - Manipal Health Enterprise deal). 


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.

March 27, 2018

Lessons Norwest drew from its Wrong Call on Ola

Niren Shah of Norwest writes in Mint about the concerns that led it to pass on the opportunities to invest in Indian cab hailing app  Ola and the lessons it drew from the experience.
On the positive side, we really found Bhavish (Aggarwal), the founder, to be a strong disruptor and felt that he could execute and scale the business, innovate and take this very far. We also felt that the space was going to be huge in India, given the under-resourced public transportation.
...on the unit economics, we had significant concerns that this space would bleed for a very long time and found it hard to understand how the space would become significantly margin positive. Lastly, we saw a lot of regulatory friction in India which we felt could be binary (Uber was still very tiny).
...The key learning for me from this anti-portfolio was that once you find (1) really strong teams, (2) demonstrated execution (in the current company or a previous track record), and (3) a large market space, which is here and now; it makes sense to move quickly and invest, rather than focusing on what else could go wrong! 

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 - Mint Deal Tracker (Mar 19, 2018)

Venture Intelligence is powering the Deal Tracker on The Mint - tracking Private Equity, Venture Capital, M&A, Real Estate and Strategic investments in India. The Deal Tracker is featured in the Deals Section (Page 3) every Monday.


To get comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments sign-up to our Daily/Weekly Newsletter. View a sample Deal Digest Newsletter here.

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.

March 21, 2018

High Stakes: Outlook Business

Outlook Business' lead article on Private Equity investments and exits in 2017 quotes Venture Intelligence data:



Alibaba along with its payments arm, Ant Financial, in March 2017, gave Reliance Capital, Saama Capital and Sapphire Ventures an exit route when they bought shares worth $250 million. Saama, which had invested in One97 in 2011, made an astounding 75x, according to research firm Venture Intelligence.
2017 was a good year for private equity investments with a record $23.8 billion spread across 591 deals, surpassing the previous high of around $17.1 billion seen in 2015 and 55% higher than the $15.4 billion seen in 2016.
Investors raked in over $5.3 billion through the public market, $4.2 billion via secondary sales and $3.3 billion through strategic sales.

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.

March 14, 2018

Food-tech Industry: Online companies deliver growth for offline restaurants: The Indian Express

An Indian Express article chronicling the growth and evolution of Food tech companies in India quotes Venture Intelligence data on PE-VC investments in restaurants:
"..PE-VC funds have pumped in $843 million in the restaurants business - as per data sourced from Chennai-based firm Venture Intelligence - the investment in the two online platforms has been about $700 million."

A related article by FactorDaily, on restaurateurs taking on food tech companies also quotes the same data.

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.

March 06, 2018

Venture Intelligence - Mint Deal Tracker (Feb 26, 2018)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint - tracking all Private Equity, Venture Capital, M&A, Real Estate and Strategic investments in India. The Deal Tracker is featured in the Deals Section (Page 3) every Monday.


To get comprehensive coverage on upcoming PE/VC, M&A, Angel and Strategic Investments sign-up to our Daily/Weekly Newsletter. View a sample Deal Digest Newsletter here.

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.

PE & VC Firms On A Limp To Raise Funds

A Businessworld article quotes Venture Intelligence data on PE-VC fund raising:


Data available with research firm Venture Intelligence, shows that funds raised by venture capitalists in 2017 stood at $1,217 million — the lowest in six years.
To break down the numbers further, as many as 19 VC firms raised capital in India in 2017. In 2016, the number stood at 27 and in the year before, it was 15 (the funds raised during those two years were $2,750 million and $2,048 million, respectively).  In terms of total funds raised by risk capital investors - both private equity (PE) and VC firms - the number stood at $5,082 million across 34 firms in 2017.  Of that $464 million comprised domestic money, $2,239 million consisted of foreign capital and the remaining chunk was a mix of domestic and foreign capital.
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.

February 27, 2018

SAIF, Kedaara Capital bag 2 awards each at Venture Intelligence APEX’18 PE-VC Awards

Mumbai, India, March 6, 2013: Kedaara Capital and SAIF Partners bagged two awards each as part of the Venture Intelligence “Awards for Private Equity Excellence” (APEX) event organized by Venture Intelligence. SAIF Partners bagged the VC Exit of the Year – 2017 Award (for the part exit from Paytm/One97 Communications) and the New Fund Raise of the Year – Venture Capital - 2017 Award. Kedaara Capital won the Best Private Equity Firm – Special Situations – 2017 the New Fund Raise of the Year – Private Equity - 2017.

The event opened with a Fireside Chat with V Vaidyanathan, Founder & Executive Chairman, Capital First interviewed by Sesh A.V, Managing Director, Basiz Fund Services

(Click to Magnify)

Snapshots of the awards ceremony:


Sesh AV, Managing Director, Basiz Fund Services presents the Venture Capital Investment of the Year award to Ramesh Radhakrishnan, Partner, Artiman Ventures.


Nagaraja Prakasam, Board Member, Sattva Consulting presents the Impact Investor of the Year award to Varun Saini, Program Manager , Michael & Susan Dell Foundation


David Jaegly, Deputy Managing Director, SBI-SG Global Securities presents the Corporate Venture Capital Investor of the Year award to Ashutosh Sharma, India Head - Investments and M&A of Naspers Ventures

 

Sesh AV, Managing Director, Basiz Fund Services presents the New Fund Raise of the Year - Venture Capital award to Deepak Gaur, Managing Director, SAIF Partners


Rajesh Begur, Managing Partner, ARA Law presents the Venture Capital Exit of the Year award to Deepak Gaur, Managing Director, SAIF Partners


Loknath Mishra, ICICI Bank Global Markets presents the Seed Capital Investment of the Year award to Sourabh Gupta, Co-founder & CEO of Vernacular.ai and Revant Bhat, Partner, Kalaari Capital-KStart


Sujjain Talwar, Partner, Economic Laws Practice presents the Private Equity Investor of the Year - Special Situation award to Devadatta Rajadhyaksha, Financial Controller, Kedaara Capital


David Jaegly, Deputy Managing Director, SBI-SG Global Securities presents the Private Equity Investor of the Year - Infrastructure award to Shantanu Chakraborty,  ‎Director - Infrastructure Finance Division, ‎Asian Development Bank


Sesh AV, Managing Director, Basiz Fund Services presents the Private Equity Investment of the Year - Listed Enterprise award to Nithya Easwaran, Managing Director at Multiples


Sesh AV, Managing Director, Basiz Fund Services presents the New Fund Raise of the Year - Private Equity award to Devadatta Rajadhyaksha, Financial Controller, Kedaara Capital


David Jaegly, Deputy Managing Director, SBI-SG Global Securities presents the Private Equity Investor of the Year – Investments award to  Vishal Mahadevia, Managing Director; India Co-Head & Member of Warburg Pincus’s Global Executive Management Group and Narendra Ostwal, Managing Director of Warburg Pincus India 


Sujjain Talwar, Partner, Economic Laws Practice presents the Private Equity Investor of the Year 2017 – Buyouts award to Srikrishna Dwaram, Partner, TrueNorth


Sujjain Talwar, Partner, Economic Laws Practice presents the Private Equity Investor of the Year 2017 – Buyouts award to Kunal Shroff, Managing Partner of ChrysCapital

Snapshot of the awardees with keynote speaker V Vaidyanathan:


Event Partners include:

February 21, 2018

Old businesses tap startups for new ideas: The Times of India

A ToI article Venture Intelligence data on strategic investments in India:
Last year, traditional businesses invested more than $100 million in startups to gain from emerging technologies and new ideas, according to data from Venture Intelligence, which analyses private company financials.
Interested in strategic investments by RPG Group, Mahindra & Mahindra, Alibaba, etc? Get access to the Venture Intelligence PE/VC Deal Database.

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.

February 13, 2018

Media Mention: Bessemer Venture Partners hits a pause in India

An article by The Ken quotes Venture Intelligence data on investments and exits by Bessemer Venture Partners in India:
According to data shared by Venture Intelligence, BVP India earned 3.27 times the return on its investment in online marketplace Snapdeal in a secondary share sale to SoftBank in 2015. This was ahead of the drop in valuation of Snapdeal from its peak of $6.5 billion in 2016 to $850 million in 2017. BVP India’s other exits include TaxiForSure (which was sold to Ola) as well as companies like Matrimony.com and Shriram City Union Finance being publicly listed.
BVP India has invested in 47 companies in India since 2004 when it set up an India office. It has exited 20 companies, through strategic sale and IPO. 
According to data from research platform Venture Intelligence, the number of deals by BVP has shrunk from 10 in 2016 to six in 2017. 

Interested in viewing in-depth data on investments, exits and return data on Bessemer Venture Partners  in India? Get access to the Venture Intelligence PE/VC Deal Database.

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.

February 12, 2018

Media Mention: Deep tech back in flavour

A Times Of India article quotes Venture Intelligence data on VC investments in Deep tech companies:


Enterprise deep tech companies was the only major theme to see an increase in investment activity in 2017 nearly doubling from the 12 in 2016 to 23 in 2017, according to data from Venture Intelligence.
Artificial Intelligence (AI) and big data companies shared 33% of the investments, while security tech companies grabbed 17% of the VC investments in deep tech. The large rounds went to fraud protection company Similty, big data company Flutura and speech recognition company Uniphore, Venture Intelligence data reveals.
Interested in viewing investments in Deep Tech companies? Get access to the Venture Intelligence PE/VC Deal Database.

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.