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October 26, 2016

Young Entrepreneur Awards: BusinessWorld

Here are the BusinessWorld Young Entrepreneur Award Winners with investor data from the Venture Intelligence PE/VC Deals Database:


The BW article also quotes Venture Intelligence stats on startup shutdowns in 2016:
"According to Venture Intelligence, as many as 30 startups shut shop in 2016."


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.

October 25, 2016

Cyrus Mistry vs Ratan Tata: Contrasting styles in investment - Mint

A Mint article quotes data from Venture Intelligence M&A Deals Database  to contrast the deals made by Cyrus Mistry and Ratan Tata:

"While Cyrus Mistry’s tenure as Tata Sons chairman was punctuated by divestments, predecessor Ratan Tata focused on acquisitions."




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.

October 21, 2016

A 9Mth Analysis of VC Investments: Mint


Other observations from the article:
  1. The decline in India is synchronous with the Asian decline - "Compared with the $1.6 billion invested in the first nine months of 2015—January to September—venture capitalists invested a little more than $1 billion in the same period this year, a decline of around 36%" in India compared to "a 31.3% decline from the preceding quarter and a 63.9% decline from the corresponding quarter last year in terms of dollars invested" in China. "Venture capital-backed firms in China drew $3.9 billion across 84 deals in the third quarter of 2016. There was a decline of 29% from the corresponding period last year in Asian (region)."
  2. For the first time in India, the total value of exits, exceeded the total value of investments in the first nine months of 2016 - $1.03 billion worth investments vs. exit deals worth $1.4 billion.
  3. Non-tech companies have also driven exits - Since January 2015 till date, venture capitalists have delivered 73 technology exit deals worth $1.7 billion at a median return multiple of 4.2 times the original capital invested. By comparison, investors struck 46 non-technology exits worth $1.2 billion and delivered a median return multiple of 3.1 times the original capital invested.
  4. Series A crunch - Series A plunged 55% to $344 million, compared with the same period last year. Fewer companies have also gotten funded—the number of deals are down 47.8%.
Catch the article titled Seeking an exit route.


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.

October 17, 2016

Endurance Technologies: PE Backed IPO Analysis






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.

October 12, 2016

Inventus Capital Partners to raise its third VC fund: The Economic Times

An Economic Times article quotes Venture Intelligence data on PE/VC Investments in 2016.


In the first nine months of 2016, the number of early-stage VC investments fell 24% from a year ago to 290 deals, while the total capital invested plunged by a third to $1 billion, according to data from research firm Venture Intelligence. But investors remain bullish on the long-term prospects of Indian startups.

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.

International Finance Corp looks to make fresh early-stage investments: The Economic Times

An Economic Times article reports on IFC to chase more early stage investments from the "current sweet spot of Series B and later". The firm has "actively started discussions, mapping the space, talking to them (funds), and understanding what the strengths are, which sectors and sub-sectors people are playing in" - Ruchira Shukla, Regional Lead - South Asia, Venture Capital - IFC 

The article also quotes Venture Intelligence data on PE/VC investments in 2016:


Venture capital investments for the period January to September 2016, dropped to 285 deals, totalling $1.03 billion, compared to 390 deals, with a cumulative value of $1.6 billion, for the comparable 12-month period a year ago, according to Venture Intelligence. 


Related reading:



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.

October 11, 2016

Mint-Venture Intelligence Deal Tracker (Oct 3)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint. The Weekly update is featured in the Deals Section (Page 3) on every Monday.




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.

October 07, 2016

Venture capital in 2016: Much more to cheer than despair: Mint

A Mint article by Snigdha Sengupta (@getsnigdha) quotes Venture Intelligence data on VC investments for the 9 month period ending Sep 2016:


Other excerpts from the article:
  1. "... the key takeaway from the past nine months is that investment levels in each quarter have settled in the $300-400 million range, which is closer to the normal for the early-stage investment market than was the case last year."
  2. "Series A capital, typically the first institutional capital into a start-up that needs to take its product or service to market, has been particularly hard to come by for entrepreneurs ...  Series A investments plunged 47.8% in terms of the number of deals struck and 55% in terms of the amount of capital deployed"
  3. With momentum of Seed investments matching 2015 levels combined with the 50% fall in Series A investments "this presents an opportunity (for VCs) to pick and choose from the best assets at more reasonable entry valuations than was available last year."
  4. Between January and September this year, venture capital firms closed 54 exit deals worth $1.4 billion. That represents a 25.5% increase in the number of deals and a marginal 1.1% rise in the value of deals.


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.

October 06, 2016

Fenox Venture Capital puts India fund on hold after General Partner Venktesh Shukla departs: TechCrunch

A TechCrunch article by @lorakolodny quotes Venture Intelligence data on startup shutdowns:

Venture Intelligence, a provider of private company financial data, reported that 16 venture funded startups in India shut down in 2015. That trend has continued into 2016 at an even more rapid pace. And investments in India have seemingly slowed down over the first three quarters of 2016.

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.

Q3'16 Venture Intelligence Everywhere!

The Venture Intelligence Q3'16 Quarterly update on Private Equity has been carried by multiple online publications. Click on the image to read the articles:







 



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.

October 05, 2016

2016 turning into Party Year for Venture investors

Despite the marked cooling off in the pace of investments, 2016 is turning out to be a good year for exit activity for Venture Capital investors in India. So far, the year has recorded 53 venture exits worth $1.3 Billion (compared to 65 deals worth $1.5 Billion for the whole of 2015).


While the year has seen its share of acqui-hires and other forms of not-necessarily-profitable exits, 2016 is already the best year for profitable exits in the last 5 years (using returns of over 2 times invested capital as the filter).


Another promising feature about the 2016 exits is the rising size of the deals.  The year has seen 11 exits worth $25 Million or more - at least partly answering critics who point to the large amounts of venture capital being invested (and hardly much being harvested).



2016 has also thrown up multiple routes for VC investors to exit profitably - including M&A options like Strategic Sales (CitrusPay acquisition by PayU being an example); Secondary Sales (like TA Associates' buy out of Matrix Partners' stake in TCNS Clothing) and even a merger with a Blank Check Firm (Yatra.com). The buoyant primary market has also indeed helped the cause in 2016 - with early investors in Equitas Holdings, Ujjivan Microfinance and Teamlease Services selling their stake via the companies' IPOs in exchange for over $330 Million in cash.

Quikr, which has acquired eight companies in less than 12 months, been has accounted for three of the VC exits in 2016, replacing companies like Snapdeal, Housing.com, Flipkart that were the busy acquirers in 2015.


The latest spurt in exit activity has helped firms like Sequoia Capital India and Matrix Partners India realize healthy returns from their legacy non-tech portfolio companies (Equitas Holdings and TCNS Clothing respectively). (Related: The Economic Times has profiled Sequoia Capital India's good run in recent months using Venture Intelligence data.) The mega billion dollar question of course is whether the Poster Children of the Indian tech startup world - Flipkart, Snapdeal, Ola, Paytm and others - will generate actual cash returns for their investors. Watch this space!



Coverage by the Mint:




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.

October 03, 2016

VC investments decline by 50% to 76 deals in Q3’16

Venture Capital firms made 76 investments worth $392 million in Indian companies during the three months ending September 2016. The investment activity in Q3’16 is 50% lower compared to the same period in 2015 (which witnessed 153 investments worth $657 million), according to analysis by Venture Intelligence. The activity level was also 22% lower compared to the immediate previous quarter (which witnessed 98 deals worth $292 million).


The latest data takes the VC investments in nine months of 2016 to 290 deals (worth $1 Billion) down 26% compared to 396 deals (worth $1.6 Billion) in the same period 2015.

The larger sized VC investments during Q3’16 were SME lender Lendingkart raising a $20 million Series B round led by new investor Bertelsmann India followed by the $17 million Series B investment in hotel aggregator Treebo Hotels (also led by Bertelsmann India with participation from existing investor SAIF and Matrix Partners) and enterprise software firm Innovacer’s $15.6 million Series A round from WestBridge. (Note: As VC type investments cap out at $20 million per round under Venture Intelligence definitions, follow on investments raised by companies like Hike, Druva, Byjus Classes etc. are not included in this analysis.)


Information Technology and IT-Enabled Services (IT & ITES) companies, at 52 deals worth $240 million, attracted 68% of the VC investments (61% in value terms). Healthcare & Life Sciences companies followed a distant second attracting 7 investments worth $63 million. IT & ITES investments during the latest quarter were however down from the 104 deals recorded in Q3 2016. 



Bangalore continued to be the top destination for venture capital investments in Q3’16 grabbing 34% of the investments (by volume or number of deals), followed by NCR Region which grabbed 25%. Mumbai-based companies came third with a 23% share. 

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.

Private Equity investments down by 50% to $3.2 Billion in Q3’16

Private Equity firms invested about $3.2 Billion across 125 deals during the quarter ended September 2016, according to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations. The investment amount was 50% lower than the all time high registered in Q3’15 (which witnessed $6.5 Billion across 224 transactions) and 5% lower than the immediate previous quarter ($3.4 Billion across 135 transactions). The latest figures take the PE investments in the first 9 months of 2016 to $10.6 Billion across 443 transactions – down 23% compared to $13.8 Billion across 594 deals in the same period in 2015. (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate.)



The latest quarter witnessed 10 PE investments worth $100 million or more to 17 such transactions in the same period last year and 5 during the immediate previous quarter, the Venture Intelligence analysis showed. The largest PE investment announced during Q3’16 was the $300 million raised by Paytm from Taiwan’s Mediatek, China’a Alibaba and VC firm SAIF Partners. The next largest were Goldman Sachs’ $250 million investment in Essel Highways followed by the $175 million raised by messenger firm Hike from China’s Tencent, Taiwan’s Foxconn and US-based Tiger Global.



IT & ITES companies accounted for 36% of the PE investment pie in Q3’16 attracting $1.1 Billion across 65 transactions. The value of IT & ITES investments in Q3’16 was down 68% from the $3.6 Billion across 132 deals in the same period in 2015. However investments in BFSI have more than doubled following $100M+ investments in India Infoline Finance, National Stock Exchange and Hero Fincorp.


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.

October 02, 2016

Mint-Venture Intelligence Deal Tracker (Sept 26)

Venture Intelligence is powering the (Weekly) Deal Tracker on The Mint. The Weekly update is featured in the Deals Section (Page 3) on every Monday.





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.