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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.