NSE gets new PE investor; IKEA parent starts India green energy push; Q&A with Elev8's Honagudi

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNy9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA3LTEyLmh0bWw=/66913ec0b62e5881b9c5d06e-20240712) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66913ec0b62e5881b9c5d06e-20240712) Friday, 12 Jul 2024 =/2/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLyNuZXdzbGV0dGVy/66913ec0b62e5881b9c5d06e-20240712 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25zZWdldHMtYW5vdGhlci1wcml2YXRlLWVxdWl0eS1iYWNrZXItYXMtdmFsdWF0aW9uLWhpdHMtbmV3LWhpZ2g=/66913ec0b62e5881b9c5d06e-20240712 Private Equity [NSE gets another private equity backer as valuation hits new high](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25zZWdldHMtYW5vdGhlci1wcml2YXRlLWVxdWl0eS1iYWNrZXItYXMtdmFsdWF0aW9uLWhpdHMtbmV3LWhpZ2g=/66913ec0b62e5881b9c5d06e-20240712) National Stock Exchange (NSE), the largest stock exchange in India that counts a string of private equity style investors among its shareholders ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25zZWdldHMtYW5vdGhlci1wcml2YXRlLWVxdWl0eS1iYWNrZXItYXMtdmFsdWF0aW9uLWhpdHMtbmV3LWhpZ2g=/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- Infrastructure [IKEA parent Ingka Group’s investment arm starts India renewable energy push](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lrZWFwYXJlbnQtaW5na2EtZ3JvdXAtcy1pbnZlc3RtZW50LWFybS1zdGFydHMtaW5kaWEtcmVuZXdhYmxlLWVuZXJneS1wdXNo/66913ec0b62e5881b9c5d06e-20240712) Ingka Investments, part of Swedish retailer IKEA’s parent Ingka Group, has begun the process of installing some captive renewable energy capacity in...... 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[Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVpbnNpdG9yLWFhcmluLWJhY2tlZC11bml0dXMtaW1wYWN0LW9yaWVudGVkLWxlbmRpbmctYXJtLWNyb3NzZXMtMTAwLW1uLWF1bQ==/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Z1bmRyYWlzaW5nZXh0cmVtZWx5LXRvdWdoLWluLWN1cnJlbnQtZW52aXJvbm1lbnQtZWxldjgtcy1uYXZpbi1ob25hZ3VkaQ==/66913ec0b62e5881b9c5d06e-20240712 Venture Capital [Fundraising extremely tough in current environment: Elev8’s Navin Honagudi](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Z1bmRyYWlzaW5nZXh0cmVtZWx5LXRvdWdoLWluLWN1cnJlbnQtZW52aXJvbm1lbnQtZWxldjgtcy1uYXZpbi1ob25hZ3VkaQ==/66913ec0b62e5881b9c5d06e-20240712) Elev8 Venture Partners, which was set up by former Kae Capital partner Navin Honagudi and is raising $200 million (Rs 834.4 crore) for its maiden ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Z1bmRyYWlzaW5nZXh0cmVtZWx5LXRvdWdoLWluLWN1cnJlbnQtZW52aXJvbm1lbnQtZWxldjgtcy1uYXZpbi1ob25hZ3VkaQ==/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- Venture Capital [Warehousing automation firm Nido Group in talks for maiden funding round](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmVob3VzaW5nYXV0b21hdGlvbi1maXJtLW5pZG8tZ3JvdXAtaW4tdGFsa3MtZm9yLW1haWRlbi1mdW5kaW5nLXJvdW5k/66913ec0b62e5881b9c5d06e-20240712) Warehousing automation firm Nido Group is in discussions with a clutch of strategic suitors and asset managers to raise its maiden external round of ...... 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[Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LXBlLXZjLWZ1bmRpbmctYWN0aXZpdHktcmlzZXMtaW4tdmFsdWUtd2hpbGUtZGVhbC12b2x1bWUtc2x1bXBz/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FuaWN1dGNhcGl0YWwtaGl0cy1maW5hbC1jbG9zZS1vZi1maXJzdC1wcmUtaXBvLWVxdWl0eS12ZWhpY2xl/66913ec0b62e5881b9c5d06e-20240712 Private Equity [Anicut Capital hits final close of first pre-IPO equity vehicle](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FuaWN1dGNhcGl0YWwtaGl0cy1maW5hbC1jbG9zZS1vZi1maXJzdC1wcmUtaXBvLWVxdWl0eS12ZWhpY2xl/66913ec0b62e5881b9c5d06e-20240712) Chennai-based multi-strategy investor Anicut Capital, which largely plays in the credit space, has announced the final close of its maiden pre-IPO ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FuaWN1dGNhcGl0YWwtaGl0cy1maW5hbC1jbG9zZS1vZi1maXJzdC1wcmUtaXBvLWVxdWl0eS12ZWhpY2xl/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- Economy [Govt departs from privatisation plans, may overhaul PSUs](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dvdnRkZXBhcnRzLWZyb20tcHJpdmF0aXNhdGlvbi1wbGFucy1tYXktb3ZlcmhhdWwtcHN1cw==/66913ec0b62e5881b9c5d06e-20240712) India plans to overhaul more than 200 state-run firms to make them more profitable, signalling a departure from Prime Minister Narendra Modi's ...... 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[Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lhbmJhY2tlZC11bml2ZXJzaXR5LWxpdmluZy1hY3F1aXJlcy1tYWpvcml0eS1zdGFrZS1pbi11ay1maXJt/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- Markets [Hyundai rules out special worker share allocation in India IPO despite protests](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2h5dW5kYWlydWxlcy1vdXQtc3BlY2lhbC13b3JrZXItc2hhcmUtYWxsb2NhdGlvbi1pbi1pbmRpYS1pcG8tZGVzcGl0ZS1wcm90ZXN0cw==/66913ec0b62e5881b9c5d06e-20240712) South Korean carmaker Hyundai Motor has ruled out any special allocation of shares to Indian workers in its forthcoming mammoth Indian stock market ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2h5dW5kYWlydWxlcy1vdXQtc3BlY2lhbC13b3JrZXItc2hhcmUtYWxsb2NhdGlvbi1pbi1pbmRpYS1pcG8tZGVzcGl0ZS1wcm90ZXN0cw==/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- People [Law firm Khaitan & Co hires three lawyers to bolster M&A practice](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xhd2Zpcm0ta2hhaXRhbi1jby1oaXJlcy10aHJlZS1sYXd5ZXJzLXRvLWJvbHN0ZXItbS1hLXByYWN0aWNl/66913ec0b62e5881b9c5d06e-20240712) Full-service law firm Khaitan & Co said Friday it has hired three partners from Cyril Amarchand Mangaldas in a bid to strengthen its corporate and ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xhd2Zpcm0ta2hhaXRhbi1jby1oaXJlcy10aHJlZS1sYXd5ZXJzLXRvLWJvbHN0ZXItbS1hLXByYWN0aWNl/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- Markets [Sensex, Nifty rise for sixth straight week, IT stocks re-join the party after TCS results](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LXJpc2UtZm9yLXNpeHRoLXN0cmFpZ2h0LXdlZWstaXQtc3RvY2tzLXJlLWpvaW4tdGhlLXBhcnR5LWFmdGVyLXRjcy1yZXN1bHRz/66913ec0b62e5881b9c5d06e-20240712) The Indian benchmarks jumped to record closing highs on Friday as IT stocks joined an over month-long record-breaking rally after market-leader Tata ...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LXJpc2UtZm9yLXNpeHRoLXN0cmFpZ2h0LXdlZWstaXQtc3RvY2tzLXJlLWpvaW4tdGhlLXBhcnR5LWFmdGVyLXRjcy1yZXN1bHRz/66913ec0b62e5881b9c5d06e-20240712) --------------------------------------------------------------- General [Grapevine: Actis may trim Profectus stake; Goldman to double down on MoEngage](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWFjdGlzLW1heS10cmltLXByb2ZlY3R1cy1zdGFrZS1nb2xkbWFuLXRvLWRvdWJsZS1kb3duLW9uLW1vZW5nYWdl/66913ec0b62e5881b9c5d06e-20240712) Private equity firm Actis is looking to sell a stake in Profectus Capital, a non-banking finance company that it fully owns, a media report said. ...... 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