SoftBank, Creador, Apollo, Tata PE make exit moves; HDFC Capital raising $1-bn fund

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTAxLmh0bWw=/66ab9728b62e5881b9fe03b8-20240801) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66ab9728b62e5881b9fe03b8-20240801) Thursday, 1 Aug 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66ab9728b62e5881b9fe03b8-20240801 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rc2V0LWZvci1iZW5jaG1hcmstcmV0dXJucy1idXN0aW5nLWV4aXQtd2l0aC1pdHMtc21hbGxlc3QtaW5kaWEtYmV0/66ab9728b62e5881b9fe03b8-20240801 Private Equity [SoftBank set for benchmark returns busting exit with its smallest India bet](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rc2V0LWZvci1iZW5jaG1hcmstcmV0dXJucy1idXN0aW5nLWV4aXQtd2l0aC1pdHMtc21hbGxlc3QtaW5kaWEtYmV0/66ab9728b62e5881b9fe03b8-20240801) Japanese technology investment goliath SoftBank, which has been on an exit spree from over half a dozen venture capital and private equity stage ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rc2V0LWZvci1iZW5jaG1hcmstcmV0dXJucy1idXN0aW5nLWV4aXQtd2l0aC1pdHMtc21hbGxlc3QtaW5kaWEtYmV0/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Private Equity [Apollo Global, ChrysCap, Apis chart nearly $200-mn PE exit](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Fwb2xsb2dsb2JhbC1jaHJ5c2NhcC1hcGlzLWNoYXJ0LW5lYXJseS0yMDAtbW4tcGUtZXhpdA==/66ab9728b62e5881b9fe03b8-20240801) US-based Apollo Global Management, India’s ChrysCapital and London-headquartered Apis Partners are looking to mop up nearly $200 million by selling ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Fwb2xsb2dsb2JhbC1jaHJ5c2NhcC1hcGlzLWNoYXJ0LW5lYXJseS0yMDAtbW4tcGUtZXhpdA==/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Private Equity [Tata Capital Healthcare Fund ekes out poor returns from legacy bet](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhdGFjYXBpdGFsLWhlYWx0aGNhcmUtZnVuZC1la2VzLW91dC1wb29yLXJldHVybnMtZnJvbS1sZWdhY3ktYmV0/66ab9728b62e5881b9fe03b8-20240801) Tata Capital Healthcare Fund, a growth-focused private equity firm that has backed companies like Atulaya Healthcare, Deeptek Inc, Mumbai Oncocare ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhdGFjYXBpdGFsLWhlYWx0aGNhcmUtZnVuZC1la2VzLW91dC1wb29yLXJldHVybnMtZnJvbS1sZWdhY3ktYmV0/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3JtYWtlcy1mb3VydGgtZXhpdC1tb3ZlLWZyb20taW5kaWEtcG9ydGZvbGlvLXdpdGhpbi1laWdodC1tb250aHM=/66ab9728b62e5881b9fe03b8-20240801 Private Equity [Creador makes fourth exit move from India portfolio within eight months](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3JtYWtlcy1mb3VydGgtZXhpdC1tb3ZlLWZyb20taW5kaWEtcG9ydGZvbGlvLXdpdGhpbi1laWdodC1tb250aHM=/66ab9728b62e5881b9fe03b8-20240801) Creador, the South- and Southeast Asia-focussed private equity firm founded by former ChrysCapital partner Brahmal Vasudevan, has set the ball rolling...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3JtYWtlcy1mb3VydGgtZXhpdC1tb3ZlLWZyb20taW5kaWEtcG9ydGZvbGlvLXdpdGhpbi1laWdodC1tb250aHM=/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Private Equity [Warburg, Kedaara line up benchmark-beating PE exit move](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdrZWRhYXJhLWxpbmUtdXAtYmVuY2htYXJrLWJlYXRpbmctcGUtZXhpdC1tb3Zl/66ab9728b62e5881b9fe03b8-20240801) Private equity firm Warburg Pincus, which logged over half-a-dozen liquidity moves last year in India and signed off from a legacy portfolio company ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdrZWRhYXJhLWxpbmUtdXAtYmVuY2htYXJrLWJlYXRpbmctcGUtZXhpdC1tb3Zl/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Private Equity [Bottomline: EQT-Temasek platform O2 Power’s India EPC arm turns a corner](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVlcXQtdGVtYXNlay1wbGF0Zm9ybS1vMi1wb3dlci1zLWluZGlhLWVwYy1hcm0tdHVybnMtYS1jb3JuZXI=/66ab9728b62e5881b9fe03b8-20240801) O2 Power Pvt Ltd (O2PPL), the engineering, procurement and construction arm of Swedish private equity firm EQT and Singapore state investment firm ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVlcXQtdGVtYXNlay1wbGF0Zm9ybS1vMi1wb3dlci1zLWluZGlhLWVwYy1hcm0tdHVybnMtYS1jb3JuZXI=/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkaWFiYWNrZWQtaGRmYy1jYXBpdGFsLXJhaXNpbmctbmV3LTEtYm4tZnVuZC10YXBzLW9mZnNob3JlLWxw/66ab9728b62e5881b9fe03b8-20240801 Private Equity [ADIA-backed HDFC Capital raising new $1-bn fund, taps offshore LP](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkaWFiYWNrZWQtaGRmYy1jYXBpdGFsLXJhaXNpbmctbmV3LTEtYm4tZnVuZC10YXBzLW9mZnNob3JlLWxw/66ab9728b62e5881b9fe03b8-20240801) HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, aims to raise as much as $1 billion for a new fund and has reached out to...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkaWFiYWNrZWQtaGRmYy1jYXBpdGFsLXJhaXNpbmctbmV3LTEtYm4tZnVuZC10YXBzLW9mZnNob3JlLWxw/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Private Equity [Clix Capital snags $26 mn from existing investors including Apollo Global](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NsaXhjYXBpdGFsLXNuYWdzLTI2LW1uLWZyb20tZXhpc3RpbmctaW52ZXN0b3JzLWluY2x1ZGluZy1hcG9sbG8tZ2xvYmFs/66ab9728b62e5881b9fe03b8-20240801) Non-banking financial company (NBFC) Clix Capital has raised Rs 220 crore ($26.3 million as per current rates) in a fresh equity round, led by ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NsaXhjYXBpdGFsLXNuYWdzLTI2LW1uLWZyb20tZXhpc3RpbmctaW52ZXN0b3JzLWluY2x1ZGluZy1hcG9sbG8tZ2xvYmFs/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Venture Capital [Neo Asset aims to wrap up deployment of special situations fund by 2024-end](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb2Fzc2V0LWFpbXMtdG8td3JhcC11cC1kZXBsb3ltZW50LW9mLXNwZWNpYWwtc2l0dWF0aW9ucy1mdW5kLWJ5LTIwMjQtZW5k/66ab9728b62e5881b9fe03b8-20240801) Mumbai-based Neo Asset Management, the wealth and asset management arm of Peak XV Partners-backed Neo Group, plans to wrap up deployment of its maiden...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb2Fzc2V0LWFpbXMtdG8td3JhcC11cC1kZXBsb3ltZW50LW9mLXNwZWNpYWwtc2l0dWF0aW9ucy1mdW5kLWJ5LTIwMjQtZW5k/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- TMT [Zomato posts higher Q1 net profit as grocery delivery business shines](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3pvbWF0b3Bvc3RzLWhpZ2hlci1xMS1uZXQtcHJvZml0LWFzLWdyb2NlcnktZGVsaXZlcnktYnVzaW5lc3Mtc2hpbmVz/66ab9728b62e5881b9fe03b8-20240801) India's Zomato reported a bigger-than-expected increase in quarterly profit on Thursday, boosted by strong demand for its food and grocery ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3pvbWF0b3Bvc3RzLWhpZ2hlci1xMS1uZXQtcHJvZml0LWFzLWdyb2NlcnktZGVsaXZlcnktYnVzaW5lc3Mtc2hpbmVz/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Private Equity [KKR's Q2 net income soars 49% on higher fees](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcnMtcTItbmV0LWluY29tZS1zb2Fycy00OS1vbi1oaWdoZXItZmVlcw==/66ab9728b62e5881b9fe03b8-20240801) Private equity group KKR & Co said on Wednesday its second-quarter adjusted net income jumped 49% year-on-year, driven by an increase in management, ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcnMtcTItbmV0LWluY29tZS1zb2Fycy00OS1vbi1oaWdoZXItZmVlcw==/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Markets [SoftBank-backed FirstCry targets $2.9 bn valuation in IPO](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rYmFja2VkLWZpcnN0Y3J5LXRhcmdldHMtMi05LWJuLXZhbHVhdGlvbi1pbi1pcG8=/66ab9728b62e5881b9fe03b8-20240801) Indian retailer FirstCry is seeking to raise up to $501 million in an initial public offering (IPO), valuing the company as much as $2.9 billion, ...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rYmFja2VkLWZpcnN0Y3J5LXRhcmdldHMtMi05LWJuLXZhbHVhdGlvbi1pbi1pcG8=/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- People [Cyril Amarchand Mangaldas onboards two more partners in hiring spree](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N5cmlsYW1hcmNoYW5kLW1hbmdhbGRhcy1vbmJvYXJkcy10d28tbW9yZS1wYXJ0bmVycy1pbi1oaXJpbmctc3ByZWU=/66ab9728b62e5881b9fe03b8-20240801) Cyril Amarchand Mangaldas (CAM) has hired Alok Sonker and Jay Parikh as part of its corporate practice. Both joined the full-service law firm as ...... [Read more](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N5cmlsYW1hcmNoYW5kLW1hbmdhbGRhcy1vbmJvYXJkcy10d28tbW9yZS1wYXJ0bmVycy1pbi1oaXJpbmctc3ByZWU=/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Venture Capital [Mela Ventures, Speciale Invest, IPV back separate tech startups with early-stage funds](=/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21lbGF2ZW50dXJlcy1zcGVjaWFsZS1pbnZlc3QtaXB2LWJhY2stc2VwYXJhdGUtdGVjaC1zdGFydHVwcy13aXRoLWVhcmx5LXN0YWdlLWZ1bmRz/66ab9728b62e5881b9fe03b8-20240801) Spacetech startup GalaxEye Space, insurtech startup Square Insurance, AI quantum startup Bloq Quantum and deeptech life growth platform Acculi Labs ...... [Read more](=/33/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21lbGF2ZW50dXJlcy1zcGVjaWFsZS1pbnZlc3QtaXB2LWJhY2stc2VwYXJhdGUtdGVjaC1zdGFydHVwcy13aXRoLWVhcmx5LXN0YWdlLWZ1bmRz/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Private Equity [Billionaire Prem Watsa's Fairfax among bidders for IDBI Bank stake](=/34/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JpbGxpb25haXJlcHJlbS13YXRzYS1zLWZhaXJmYXgtYW1vbmctYmlkZGVycy1mb3ItaWRiaS1iYW5rLXN0YWtl/66ab9728b62e5881b9fe03b8-20240801) The Reserve Bank of India has completed its review of potential buyers for a majority stake in IDBI Bank, approving Fairfax Financial Holdings, ...... [Read more](=/35/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JpbGxpb25haXJlcHJlbS13YXRzYS1zLWZhaXJmYXgtYW1vbmctYmlkZGVycy1mb3ItaWRiaS1iYW5rLXN0YWtl/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Markets [State-run firms exempted from meeting public shareholding norms for 2 years](=/36/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0YXRlcnVuLWZpcm1zLWV4ZW1wdGVkLWZyb20tbWVldGluZy1wdWJsaWMtc2hhcmVob2xkaW5nLW5vcm1zLWZvci0yLXllYXJz/66ab9728b62e5881b9fe03b8-20240801) India has exempted all state-run firms from meeting public shareholding norms for two years until August 2026, according to a document seen by ...... [Read more](=/37/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0YXRlcnVuLWZpcm1zLWV4ZW1wdGVkLWZyb20tbWVldGluZy1wdWJsaWMtc2hhcmVob2xkaW5nLW5vcm1zLWZvci0yLXllYXJz/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Markets [High-frequency traders, brokerage firms to face brunt of SEBI curbs on options](=/38/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hpZ2hmcmVxdWVuY3ktdHJhZGVycy1icm9rZXJhZ2UtZmlybXMtdG8tZmFjZS1icnVudC1vZi1zZWJpLWN1cmJzLW9uLW9wdGlvbnM=/66ab9728b62e5881b9fe03b8-20240801) The Indian market regulator's proposed measures to curb the trading frenzy in options will impact high-frequency traders and quant funds as well ...... [Read more](=/39/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hpZ2hmcmVxdWVuY3ktdHJhZGVycy1icm9rZXJhZ2UtZmlybXMtdG8tZmFjZS1icnVudC1vZi1zZWJpLWN1cmJzLW9uLW9wdGlvbnM=/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- =/40/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLyNuZXdzbGV0dGVy/66ab9728b62e5881b9fe03b8-20240801 [VCCircle](=/41/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66ab9728b62e5881b9fe03b8-20240801) [Privacy Policy](=/42/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Rlcm1zLW9mLXVzZSNwcml2YWN5LXBvbGljeQ==/66ab9728b62e5881b9fe03b8-20240801) | [Contact us](=/43/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NvbnRhY3QtdXM=/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Download the VCCircle app and read premium stories [alt_text](=/44/aHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS52Y2NpcmNsZSZobD1lbl9VUw==/66ab9728b62e5881b9fe03b8-20240801) [alt_text](=/45/aHR0cHM6Ly9pdHVuZXMuYXBwbGUuY29tL2luL2FwcC92Y2NpcmNsZS9pZDc0MDM2MjcwOD9tdD04/66ab9728b62e5881b9fe03b8-20240801) --------------------------------------------------------------- Newsletters sent by newsletter@vccircle.co & Powered by Copyright © HT Digital Streams. 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