India Quotient LP under scanner; Fairfax wraps up nearly $200 mn exit; Q&A with Tribe Capital's Raj Juneja

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA0LTIyLmh0bWw=/66267eea93c453ed24e96eed-20240422) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66267eea93c453ed24e96eed-20240422) Monday, 22 Apr 2024 =/2/aHR0cHM6Ly9mYW1pbHlvZmZpY2UudmNjaXJjbGUuY29tLw==/66267eea93c453ed24e96eed-20240422 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZhaXJmYXh3cmFwcy11cC1uZWFybHktMjAwLW1uLWV4aXQtZnJvbS1pbmRpYS1wb3J0Zm9saW8=/66267eea93c453ed24e96eed-20240422 Private Equity [Fairfax wraps up nearly $200 mn exit from India portfolio](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZhaXJmYXh3cmFwcy11cC1uZWFybHktMjAwLW1uLWV4aXQtZnJvbS1pbmRpYS1wb3J0Zm9saW8=/66267eea93c453ed24e96eed-20240422) Fairfax India, a country-specific private-equity style investment firm, has wrapped up an exit from an eight-year-old portfolio company with multi-...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZhaXJmYXh3cmFwcy11cC1uZWFybHktMjAwLW1uLWV4aXQtZnJvbS1pbmRpYS1wb3J0Zm9saW8=/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- Venture Capital [India Quotient’s offshore LP under scanner over reputational risk, weak ESG link](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlhcXVvdGllbnQtcy1vZmZzaG9yZS1scC11bmRlci1zY2FubmVyLW92ZXItcmVwdXRhdGlvbmFsLXJpc2std2Vhay1lc2ctbGluaw==/66267eea93c453ed24e96eed-20240422) An offshore limited partner’s exposure to Bengaluru-based venture capital firm India Quotient is under the scanner after an independent watchdog ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlhcXVvdGllbnQtcy1vZmZzaG9yZS1scC11bmRlci1zY2FubmVyLW92ZXItcmVwdXRhdGlvbmFsLXJpc2std2Vhay1lc2ctbGluaw==/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- Markets [Meet the Indian firms that beat NVIDIA, Tesla in global value creators ranking](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21lZXR0aGUtaW5kaWFuLWZpcm1zLXRoYXQtYmVhdC1udmlkaWEtdGVzbGEtaW4tZ2xvYmFsLXZhbHVlLWNyZWF0b3JzLXJhbmtpbmc=/66267eea93c453ed24e96eed-20240422) Chip giant Nvidia and Elon Musk-led electric vehicle maker Tesla might be the darling of investors worldwide but three lesser-known Indian companies ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21lZXR0aGUtaW5kaWFuLWZpcm1zLXRoYXQtYmVhdC1udmlkaWEtdGVzbGEtaW4tZ2xvYmFsLXZhbHVlLWNyZWF0b3JzLXJhbmtpbmc=/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RyaWJlY2FwaXRhbC1zLXJhai1qdW5lamEtb24tYnVpbGRpbmctdGhlLWluZGlhLXZlaGljbGUtaXRzLXRoZXNpcy1jaGFsbGVuZ2VzLWFuZC1tb3Jl/66267eea93c453ed24e96eed-20240422 Private Equity [Tribe Capital's Raj Juneja on building the India vehicle, its thesis, challenges and more](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RyaWJlY2FwaXRhbC1zLXJhai1qdW5lamEtb24tYnVpbGRpbmctdGhlLWluZGlhLXZlaGljbGUtaXRzLXRoZXNpcy1jaGFsbGVuZ2VzLWFuZC1tb3Jl/66267eea93c453ed24e96eed-20240422) San Francisco-based Tribe Capital, co-founded by entrepreneur and investor Arjun Sethi, is doubling down its efforts in India, setting up a dedicated ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RyaWJlY2FwaXRhbC1zLXJhai1qdW5lamEtb24tYnVpbGRpbmctdGhlLWluZGlhLXZlaGljbGUtaXRzLXRoZXNpcy1jaGFsbGVuZ2VzLWFuZC1tb3Jl/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- Venture Capital [Sun Pharma-backed medtech startup EzeRx in talks with VCs, top PSU for funding](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1bnBoYXJtYS1iYWNrZWQtbWVkdGVjaC1zdGFydHVwLWV6ZXJ4LWluLXRhbGtzLXdpdGgtdmNzLXRvcC1wc3UtZm9yLWZ1bmRpbmc=/66267eea93c453ed24e96eed-20240422) Medtech startup EzeRx Health Tech Pvt Ltd, which counts drugmaker Sun Pharma as its largest investor, is in talks with at least two venture capital ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1bnBoYXJtYS1iYWNrZWQtbWVkdGVjaC1zdGFydHVwLWV6ZXJ4LWluLXRhbGtzLXdpdGgtdmNzLXRvcC1wc3UtZm9yLWZ1bmRpbmc=/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- Credit [IPO-bound Northern Arc set to secure capital from offshore backer](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lwb2JvdW5kLW5vcnRoZXJuLWFyYy1zZXQtdG8tc2VjdXJlLWNhcGl0YWwtZnJvbS1vZmZzaG9yZS1iYWNrZXI=/66267eea93c453ed24e96eed-20240422) Northern Arc Capital Ltd, a non-banking finance company whose shareholders include global impact investment firms LeapFrog and Accion, as well as ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lwb2JvdW5kLW5vcnRoZXJuLWFyYy1zZXQtdG8tc2VjdXJlLWNhcGl0YWwtZnJvbS1vZmZzaG9yZS1iYWNrZXI=/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3J1bm9ibHV3aGVlbHotbmlraXRlay1wb2NrZXQtZWFybHktc3RhZ2UtY2hlcXVlcw==/66267eea93c453ed24e96eed-20240422 Venture Capital [Accacia, Runo, BluWheelz, Nikitek pocket early-stage cheques](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3J1bm9ibHV3aGVlbHotbmlraXRlay1wb2NrZXQtZWFybHktc3RhZ2UtY2hlcXVlcw==/66267eea93c453ed24e96eed-20240422) Real estate-focused decarbonization platform Accacia, call management customer relationship management startup Runo, electric vehicle fleet management...... 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[Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZvZGFmb25laWRlYS1nZXRzLWJpZHMtd29ydGgtMTAtNi1ibi1pbi1jb3VudHJ5LXMtbGFyZ2VzdC1ldmVyLWZvbGxvdy1vbi1wdWJsaWMtb2ZmZXJpbmc=/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- Venture Capital [Lighthouse Canton floats innovation fund to bet on AI, other emerging technologies](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0aG91c2VjYW50b24tZmxvYXRzLWlubm92YXRpb24tZnVuZC10by1iZXQtb24tYWktb3RoZXItZW1lcmdpbmctdGVjaG5vbG9naWVz/66267eea93c453ed24e96eed-20240422) Singapore-based investment firm Lighthouse Canton said Monday it has launched a new fund to invest in global companies innovating across several ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0aG91c2VjYW50b24tZmxvYXRzLWlubm92YXRpb24tZnVuZC10by1iZXQtb24tYWktb3RoZXItZW1lcmdpbmctdGVjaG5vbG9naWVz/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- Markets [Sensex, Nifty join global rebound as Middle East tensions ease](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWpvaW4tZ2xvYmFsLXJlYm91bmQtYXMtbWlkZGxlLWVhc3QtdGVuc2lvbnMtZWFzZQ==/66267eea93c453ed24e96eed-20240422) Indian shares closed higher on Monday, tracking a rebound in global markets due to easing worries over the escalation of tensions in the Middle East....... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWpvaW4tZ2xvYmFsLXJlYm91bmQtYXMtbWlkZGxlLWVhc3QtdGVuc2lvbnMtZWFzZQ==/66267eea93c453ed24e96eed-20240422) --------------------------------------------------------------- Private Equity [Macquarie floats India-focussed fund to back commercial electric mobility](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21hY3F1YXJpZWZsb2F0cy1pbmRpYS1mb2N1c3NlZC1mdW5kLXRvLWJhY2stY29tbWVyY2lhbC1lbGVjdHJpYy1tb2JpbGl0eQ==/66267eea93c453ed24e96eed-20240422) Australia's Macquarie Group launched on Monday an EV financing platform for India that will focus 95% of its $1.5 billion investment on ...... 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