Verlinvest plans new bet; Unicorn India makes a neat profit; Swiggy investor keeps valuation unchanged

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[View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNy9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA3LTE2Lmh0bWw=/66968315b62e5881b9fc03ce-20240716) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66968315b62e5881b9fc03ce-20240716) Tuesday, 16 Jul 2024 =/2/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLyNuZXdzbGV0dGVy/66968315b62e5881b9fc03ce-20240716 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3aWdneWludmVzdG9yLWtlZXBzLXZhbHVhdGlvbi11bmNoYW5nZWQtYWhlYWQtb2YtaXBvLWFzLXpvbWF0by1yZXRhaW5zLXJpY2gtdGFn/66968315b62e5881b9fc03ce-20240716 Startups [Swiggy investor keeps valuation unchanged ahead of IPO as Zomato retains rich tag](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3aWdneWludmVzdG9yLWtlZXBzLXZhbHVhdGlvbi11bmNoYW5nZWQtYWhlYWQtb2YtaXBvLWFzLXpvbWF0by1yZXRhaW5zLXJpY2gtdGFn/66968315b62e5881b9fc03ce-20240716) Food delivery firm Swiggy, which is set to file for a potential public offering after re-entering the decacorn club of startups earlier this year, ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3aWdneWludmVzdG9yLWtlZXBzLXZhbHVhdGlvbi11bmNoYW5nZWQtYWhlYWQtb2YtaXBvLWFzLXpvbWF0by1yZXRhaW5zLXJpY2gtdGFn/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Venture Capital [Unicorn India makes neat profit from young portfolio; crosses midway mark for new VC fund](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3VuaWNvcm5pbmRpYS1tYWtlcy1uZWF0LXByb2ZpdC1mcm9tLXlvdW5nLXBvcnRmb2xpby1jcm9zc2VzLW1pZHdheS1tYXJrLWZvci1uZXctdmMtZnVuZA==/66968315b62e5881b9fc03ce-20240716) Venture capital firm Unicorn India Ventures has hit the sell button on a four-year-old portfolio company spinning high returns, as part of a new ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3VuaWNvcm5pbmRpYS1tYWtlcy1uZWF0LXByb2ZpdC1mcm9tLXlvdW5nLXBvcnRmb2xpby1jcm9zc2VzLW1pZHdheS1tYXJrLWZvci1uZXctdmMtZnVuZA==/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Venture Capital [Former Omidyar, TPG execs wind up VC firm as fundraising stalls](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcm9taWR5YXItdHBnLWV4ZWNzLXdpbmQtdXAtdmMtZmlybS1hcy1mdW5kcmFpc2luZy1zdGFsbHM=/66968315b62e5881b9fc03ce-20240716) A venture capital firm launched by former executives of Omidyar Network India and TPG Growth has winded up its operations after facing challenges in ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcm9taWR5YXItdHBnLWV4ZWNzLXdpbmQtdXAtdmMtZmlybS1hcy1mdW5kcmFpc2luZy1zdGFsbHM=/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZlcmxpbnZlc3Rpbi10YWxrcy10by1pbnZlc3QtaW4tcGUtYmFja2VkLWxvY2FsLWNvZmZlZS1jaGFpbg==/66968315b62e5881b9fc03ce-20240716 Private Equity [Verlinvest in talks to invest in PE-backed coffee chain](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZlcmxpbnZlc3Rpbi10YWxrcy10by1pbnZlc3QtaW4tcGUtYmFja2VkLWxvY2FsLWNvZmZlZS1jaGFpbg==/66968315b62e5881b9fc03ce-20240716) Belgian investment firm Verlinvest, which focuses on consumer as a theme for both its direct venture capital and private equity-style transactions as ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZlcmxpbnZlc3Rpbi10YWxrcy10by1pbnZlc3QtaW4tcGUtYmFja2VkLWxvY2FsLWNvZmZlZS1jaGFpbg==/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Startups [Bottomline: PremjiInvest-backed Mintifi shines in FY24 as profit, AUM jump](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVwcmVtamlpbnZlc3QtYmFja2VkLW1pbnRpZmktc2hpbmVzLWluLWZ5MjQtYXMtcHJvZml0LWF1bS1qdW1w/66968315b62e5881b9fc03ce-20240716) Supply-chain financing startup Mintifi recorded a surge in its profit for the year through March 2024 as it expanded its loan book, improved its net ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVwcmVtamlpbnZlc3QtYmFja2VkLW1pbnRpZmktc2hpbmVzLWluLWZ5MjQtYXMtcHJvZml0LWF1bS1qdW1w/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Private Equity [Former Piramal executive's Altern Capital floats maiden realty AIF](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcnBpcmFtYWwtZXhlY3V0aXZlLXMtYWx0ZXJuLWNhcGl0YWwtZmxvYXRzLW1haWRlbi1yZWFsdHktYWlm/66968315b62e5881b9fc03ce-20240716) Bengaluru-based Altern Capital, a real estate investment management firm, led by former Piramal Fund Managment executive Navin Dhanuka, has floated ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcnBpcmFtYWwtZXhlY3V0aXZlLXMtYWx0ZXJuLWNhcGl0YWwtZmxvYXRzLW1haWRlbi1yZWFsdHktYWlm/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsdW1laXZ5Y2FwLXVuaWxldmVyLXZlbnR1cmVzLWJldC1vbi10aHJlZS1zdGFydHVwcw==/66968315b62e5881b9fc03ce-20240716 Venture Capital [Blume, IvyCap, Unilever Ventures bet on three startups](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsdW1laXZ5Y2FwLXVuaWxldmVyLXZlbnR1cmVzLWJldC1vbi10aHJlZS1zdGFydHVwcw==/66968315b62e5881b9fc03ce-20240716) Ride-hailing platform Namma Yatri, skincare brand SkinInspired and healthcare-focused fintech startup Icanheal raised early-stage funding, the ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsdW1laXZ5Y2FwLXVuaWxldmVyLXZlbnR1cmVzLWJldC1vbi10aHJlZS1zdGFydHVwcw==/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Venture Capital [Former LetsVenture general counsel joins early-stage incubator Turbostart](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcmxldHN2ZW50dXJlLWdlbmVyYWwtY291bnNlbC1qb2lucy1lYXJseS1zdGFnZS1pbmN1YmF0b3ItdHVyYm9zdGFydA==/66968315b62e5881b9fc03ce-20240716) Gandhimadhy Varadarajan, the former general counsel of angel investment platform LetsVenture, has joined startup incubator Turbostart. According ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcmxldHN2ZW50dXJlLWdlbmVyYWwtY291bnNlbC1qb2lucy1lYXJseS1zdGFnZS1pbmN1YmF0b3ItdHVyYm9zdGFydA==/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- TMT [NCLT admits Byju's into insolvency proceedings on BCCI's plea](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlhcy1jb21wYW5pZXMtdHJpYnVuYWwtYWRtaXRzLWJ5anUtcy10by1pbnNvbHZlbmN5LXByb2Nlc3Mtb24tYmNjaS1wbGVh/66968315b62e5881b9fc03ce-20240716) Edtech company Byju's, once India's biggest startup valued at $22 billion, will face insolvency proceedings for failure to pay $19 million in ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlhcy1jb21wYW5pZXMtdHJpYnVuYWwtYWRtaXRzLWJ5anUtcy10by1pbnNvbHZlbmN5LXByb2Nlc3Mtb24tYmNjaS1wbGVh/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Venture Capital [Defence-focused Jamwant Ventures marks first close of early-stage fund](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlZmVuY2Vmb2N1c2VkLWphbXdhbnQtdmVudHVyZXMtbWFya3MtZmlyc3QtY2xvc2Utb2YtZWFybHktc3RhZ2UtZnVuZA==/66968315b62e5881b9fc03ce-20240716) Defence startup-focused early-stage investment firm Jamwant Ventures Tuesday said it has marked the first close of its angel fund, three months after ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlZmVuY2Vmb2N1c2VkLWphbXdhbnQtdmVudHVyZXMtbWFya3MtZmlyc3QtY2xvc2Utb2YtZWFybHktc3RhZ2UtZnVuZA==/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Private Equity [ValueQuest bets $36 mn on solar cell maker Jupiter](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZhbHVlcXVlc3RiZXRzLTM2LW1uLW9uLXNvbGFyLWNlbGwtbWFrZXItanVwaXRlcg==/66968315b62e5881b9fc03ce-20240716) Boutique equity investor ValueQuest has invested Rs 300 crore (about $36 million) in Kolkata-based photovoltaic solar cell maker Jupiter International...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZhbHVlcXVlc3RiZXRzLTM2LW1uLW9uLXNvbGFyLWNlbGwtbWFrZXItanVwaXRlcg==/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Venture Capital [LeapFrog leads $33.4 mn funding in education lender Auxilo](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9nbGVhZHMtMzMtNC1tbi1mdW5kaW5nLWluLWVkdWNhdGlvbi1sZW5kZXItYXV4aWxv/66968315b62e5881b9fc03ce-20240716) Education-focused non-bank lender Auxilo Finserve is raising Rs 279 crore (around $33.4 million) in a fresh round of equity funding led by LeapFrog ...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9nbGVhZHMtMzMtNC1tbi1mdW5kaW5nLWluLWVkdWNhdGlvbi1sZW5kZXItYXV4aWxv/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Markets [SoftBank-backed Ola Electric likely to peg valuation at $4.5 bn in upcoming IPO](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rYmFja2VkLW9sYS1lbGVjdHJpYy1saWtlbHktdG8tcGVnLXZhbHVhdGlvbi1hdC00LTUtYm4taW4tdXBjb21pbmctaXBv/66968315b62e5881b9fc03ce-20240716) SoftBank-backed Indian e-scooter maker Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial public offering (...... [Read more](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rYmFja2VkLW9sYS1lbGVjdHJpYy1saWtlbHktdG8tcGVnLXZhbHVhdGlvbi1hdC00LTUtYm4taW4tdXBjb21pbmctaXBv/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- TMT [SEBI warns Paytm over old transactions with payments bank unit](=/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYml3YXJucy1wYXl0bS1vdmVyLW9sZC10cmFuc2FjdGlvbnMtd2l0aC1wYXltZW50cy1iYW5rLXVuaXQ=/66968315b62e5881b9fc03ce-20240716) Paytm received an administrative warning from India's markets regulator for certain transactions with its banking unit in the fiscal year 2021-22...... [Read more](=/33/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYml3YXJucy1wYXl0bS1vdmVyLW9sZC10cmFuc2FjdGlvbnMtd2l0aC1wYXltZW50cy1iYW5rLXVuaXQ=/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- Markets [Sensex, Nifty post record closing highs for second day aided by IT stocks](=/34/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LXBvc3QtcmVjb3JkLWNsb3NpbmctaGlnaHMtZm9yLXNlY29uZC1kYXktYWlkZWQtYnktaXQtc3RvY2tz/66968315b62e5881b9fc03ce-20240716) India's benchmark indexes notched record closing highs on Tuesday, buoyed by gains in heavyweight information technology stocks amid prospects of ...... [Read more](=/35/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LXBvc3QtcmVjb3JkLWNsb3NpbmctaGlnaHMtZm9yLXNlY29uZC1kYXktYWlkZWQtYnktaXQtc3RvY2tz/66968315b62e5881b9fc03ce-20240716) --------------------------------------------------------------- General [Grapevine: Stellaris Venture plans third fund; Macquarie, JSW, Actis eye O2 Power](=/36/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXN0ZWxsYXJpcy12ZW50dXJlLXBsYW5zLXRoaXJkLWZ1bmQtbWFjcXVhcmllLWpzdy1hY3Rpcy1leWUtbzItcG93ZXI=/66968315b62e5881b9fc03ce-20240716) Stellaris Venture Partners, an early-stage investment firm and backer of Indian unicorns Mamaearth and Glance, is raising its third fund with a ...... 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