HDFC, OTP Ventures, Fundalogical, Sauce.VC in fund news; Everest Fleet taps new investor; Q&A with Prosus' Ashutosh Sharma

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[View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTA1Lmh0bWw=/66b0e11bb62e5881b9ba615e-20240805) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66b0e11bb62e5881b9ba615e-20240805) Monday, 5 Aug 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66b0e11bb62e5881b9ba615e-20240805 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Byb3N1c2FzaHV0b3NoLXNoYXJtYS1vbi1lYXJseS1zdGFnZS1iZXRzLWFuZC1wb3RlbnRpYWwtaW4tZWR0ZWNoLWRlc3BpdGUtYnlqdS1z/66b0e11bb62e5881b9ba615e-20240805 Venture Capital [Prosus India’s Ashutosh Sharma on early-stage bets and potential in edtech despite Byju’s](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Byb3N1c2FzaHV0b3NoLXNoYXJtYS1vbi1lYXJseS1zdGFnZS1iZXRzLWFuZC1wb3RlbnRpYWwtaW4tZWR0ZWNoLWRlc3BpdGUtYnlqdS1z/66b0e11bb62e5881b9ba615e-20240805) The Netherlands-based Prosus has invested in several Indian unicorns such as Swiggy, Meesho, Urban Company, Eruditus and The Good Glamm Group. The ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Byb3N1c2FzaHV0b3NoLXNoYXJtYS1vbi1lYXJseS1zdGFnZS1iZXRzLWFuZC1wb3RlbnRpYWwtaW4tZWR0ZWNoLWRlc3BpdGUtYnlqdS1z/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Private Equity [HDFC AMC crosses halfway mark for maiden PE-VC fund of funds](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hkZmNhbWMtY3Jvc3Nlcy1oYWxmd2F5LW1hcmstZm9yLW1haWRlbi1mdW5kLW9mLWZ1bmRz/66b0e11bb62e5881b9ba615e-20240805) HDFC Asset Management Company, the asset management arm of the consolidated banking entity HDFC Bank Ltd, has reached the halfway mark on capital ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hkZmNhbWMtY3Jvc3Nlcy1oYWxmd2F5LW1hcmstZm9yLW1haWRlbi1mdW5kLW9mLWZ1bmRz/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Venture Capital [PE-backed Everest Fleet raising Series C funding, taps new investor](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BlYmFja2VkLWV2ZXJlc3QtZmxlZXQtcmFpc2luZy1zZXJpZXMtYy1mdW5kaW5nLXRhcHMtbmV3LWludmVzdG9y/66b0e11bb62e5881b9ba615e-20240805) Mumbai-based fleet management company Everest Fleet Pvt Ltd is raising Series C funding and bringing on board a marquee offshore investor, almost a ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BlYmFja2VkLWV2ZXJlc3QtZmxlZXQtcmFpc2luZy1zZXJpZXMtYy1mdW5kaW5nLXRhcHMtbmV3LWludmVzdG9y/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1aGFpbHNhbWVlci1jby1mb3VuZGVkLW90cC12ZW50dXJlcy1yZWFjaGVzLWhhbGZ3YXktbWFyay1mb3ItbWFpZGVuLWZ1bmQ=/66b0e11bb62e5881b9ba615e-20240805 Venture Capital [Suhail Sameer co-founded OTP Ventures reaches halfway mark for maiden fund](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1aGFpbHNhbWVlci1jby1mb3VuZGVkLW90cC12ZW50dXJlcy1yZWFjaGVzLWhhbGZ3YXktbWFyay1mb3ItbWFpZGVuLWZ1bmQ=/66b0e11bb62e5881b9ba615e-20240805) OTP Ventures, a venture capital firm launched by former BharatPe chief executive Suhail Sameer, along with entrepreneurs Kunal Suri and Saurabh ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1aGFpbHNhbWVlci1jby1mb3VuZGVkLW90cC12ZW50dXJlcy1yZWFjaGVzLWhhbGZ3YXktbWFyay1mb3ItbWFpZGVuLWZ1bmQ=/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Analysis [Bottomline: PE-backed Indifi’s AUM rises but asset quality worries weigh](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVwZS1iYWNrZWQtaW5kaWZpLXMtYXVtLXJpc2VzLWJ1dC1hc3NldC1xdWFsaXR5LXdvcnJpZXMtd2VpZ2g=/66b0e11bb62e5881b9ba615e-20240805) Fintech lender Indifi, which counts private equity firm ICICI Venture and venture capital firm Accel as investors, grew its loan book during the year ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVwZS1iYWNrZWQtaW5kaWZpLXMtYXVtLXJpc2VzLWJ1dC1hc3NldC1xdWFsaXR5LXdvcnJpZXMtd2VpZ2g=/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Venture Capital [Early-stage investor Sauce.VC raises $43 mn in latest outing](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Vhcmx5c3RhZ2UtaW52ZXN0b3Itc2F1Y2UtdmMtY29uY2x1ZGVzLWZ1bmRyYWlzaW5nLWZvci1sYXRlc3Qtb3V0aW5n/66b0e11bb62e5881b9ba615e-20240805) Consumer sector-focused homegrown venture capital firm Sauce.VC has hit the final close of its third fund that it had floated in May this year.The ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Vhcmx5c3RhZ2UtaW52ZXN0b3Itc2F1Y2UtdmMtY29uY2x1ZGVzLWZ1bmRyYWlzaW5nLWZvci1sYXRlc3Qtb3V0aW5n/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Z1bmRhbG9naWNhbHZlbnR1cmVzLXNldC10by1oaXQtbWFpZGVuLWZ1bmQtcy1maXJzdC1jbG9zZQ==/66b0e11bb62e5881b9ba615e-20240805 Venture Capital [Fundalogical Ventures set to hit maiden fund’s first close](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Z1bmRhbG9naWNhbHZlbnR1cmVzLXNldC10by1oaXQtbWFpZGVuLWZ1bmQtcy1maXJzdC1jbG9zZQ==/66b0e11bb62e5881b9ba615e-20240805) Fundalogical Ventures aims to hit the first close of its maiden venture capital fund in coming months, a top executive told VCCircle. “We are ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Z1bmRhbG9naWNhbHZlbnR1cmVzLXNldC10by1oaXQtbWFpZGVuLWZ1bmQtcy1maXJzdC1jbG9zZQ==/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Markets [Ola Electric IPO fully subscribed on second day amid major decline in global equities](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29sYWVsZWN0cmljLWlwby1mdWxseS1zdWJzY3JpYmVkLW9uLXNlY29uZC1kYXktYW1pZC1tYWpvci1kZWNsaW5lLWluLWdsb2JhbC1lcXVpdGllcw==/66b0e11bb62e5881b9ba615e-20240805) Ola Electric's $734 million initial public offering (IPO) was fully subscribed on the second day of bidding, reaching the target amid a sharp sell...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29sYWVsZWN0cmljLWlwby1mdWxseS1zdWJzY3JpYmVkLW9uLXNlY29uZC1kYXktYW1pZC1tYWpvci1kZWNsaW5lLWluLWdsb2JhbC1lcXVpdGllcw==/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Private Equity [Apax Partners strengthens India tech portfolio with first bet in over a year](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FwYXhwYXJ0bmVycy1zdHJlbmd0aGVucy1pbmRpYS10ZWNoLXBvcnRmb2xpby13aXRoLWZpcnN0LWJldC1pbi1vdmVyLWEteWVhcg==/66b0e11bb62e5881b9ba615e-20240805) Apax Partners, a global investment firm focused on the technology, internet, and healthcare sectors, has locked its first private investment in India ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FwYXhwYXJ0bmVycy1zdHJlbmd0aGVucy1pbmRpYS10ZWNoLXBvcnRmb2xpby13aXRoLWZpcnN0LWJldC1pbi1vdmVyLWEteWVhcg==/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Venture Capital [B2B agri-processing platform Agrizy, two others raise early-stage funding](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2IyYmFncmktcHJvY2Vzc2luZy1wbGF0Zm9ybS1hZ3JpenktdHdvLW90aGVycy1yYWlzZS1lYXJseS1zdGFnZS1mdW5kaW5n/66b0e11bb62e5881b9ba615e-20240805) Business-to-business (B2B) agri-processing startup Agrizy, cooking brand CURRYiT and HR tech platform GreytHR raised early-stage funding, the ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2IyYmFncmktcHJvY2Vzc2luZy1wbGF0Zm9ybS1hZ3JpenktdHdvLW90aGVycy1yYWlzZS1lYXJseS1zdGFnZS1mdW5kaW5n/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Private Equity [BluSmart backer responsAbility marks second close of Asia climate fund](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsdXNtYXJ0YmFja2VyLXJlc3BvbnNhYmlsaXR5LW1hcmtzLXNlY29uZC1jbG9zZS1vZi1hc2lhLWNsaW1hdGUtZnVuZA==/66b0e11bb62e5881b9ba615e-20240805) Switzerland-based impact investor responsAbility Investments AG has marked the second closing of its Asia-focused climate fund after securing a ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsdXNtYXJ0YmFja2VyLXJlc3BvbnNhYmlsaXR5LW1hcmtzLXNlY29uZC1jbG9zZS1vZi1hc2lhLWNsaW1hdGUtZnVuZA==/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Private Equity [Pantomath’s Bharat Value Fund raises $120 mn for mid-market deals](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BhbnRvbWF0aHMtYmhhcmF0LXZhbHVlLWZ1bmQtcmFpc2VzLTEyMC1tbi1mb3ItbWlkLW1hcmtldC1kZWFscw==/66b0e11bb62e5881b9ba615e-20240805) India Inflection Opportunity Trust (IIOT), managed by Pantomath Capital Management, has rolled out its second Category-II alternative investment fund...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BhbnRvbWF0aHMtYmhhcmF0LXZhbHVlLWZ1bmQtcmFpc2VzLTEyMC1tbi1mb3ItbWlkLW1hcmtldC1kZWFscw==/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- General [Go First's lenders vote for liquidating airline](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dvZmlyc3Qtcy1sZW5kZXJzLXZvdGUtZm9yLWxpcXVpZGF0aW5nLWFpcmxpbmU=/66b0e11bb62e5881b9ba615e-20240805) Lenders to India's Go First have decided to liquidate the company's assets after rejecting bids by interested suitors to revive the bankrupt ...... [Read more](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dvZmlyc3Qtcy1sZW5kZXJzLXZvdGUtZm9yLWxpcXVpZGF0aW5nLWFpcmxpbmU=/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Markets [Sensex, Nifty log worst day in two months on US recession fears](=/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VxdWl0aWVzc2xpZGUtMi1vbi11cy1ncm93dGgtZmVhcnM=/66b0e11bb62e5881b9ba615e-20240805) Indian shares tumbled more than 2.5% on Monday, in their steepest drop in two months amid a global sell-off on fears of a U.S. recession.The NSE Nifty...... [Read more](=/33/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VxdWl0aWVzc2xpZGUtMi1vbi11cy1ncm93dGgtZmVhcnM=/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Markets [Rupee ends at record low as US growth worries spill over, spur outflows](=/34/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3J1cGVlZW5kcy1hdC1yZWNvcmQtbG93LWFzLXVzLWdyb3d0aC13b3JyaWVzLXNwaWxsLW92ZXItc3B1ci1vdXRmbG93cw==/66b0e11bb62e5881b9ba615e-20240805) The Indian rupee closed at its weakest level on record on Monday pressured by likely outflows from local equities and the unwinding of carry trades as...... [Read more](=/35/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3J1cGVlZW5kcy1hdC1yZWNvcmQtbG93LWFzLXVzLWdyb3d0aC13b3JyaWVzLXNwaWxsLW92ZXItc3B1ci1vdXRmbG93cw==/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Private Equity [Carlyle's Q2 profit falls 11.7%, misses estimates](=/36/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Nhcmx5bGVzLXEyLXByb2ZpdC1mYWxscy0xMS03LW1pc3Nlcy1lc3RpbWF0ZXM=/66b0e11bb62e5881b9ba615e-20240805) Private equity firm Carlyle Group reported a larger-than expected 11.7% year-on-year drop in second-quarter distributable earnings on Monday, as ...... [Read more](=/37/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Nhcmx5bGVzLXEyLXByb2ZpdC1mYWxscy0xMS03LW1pc3Nlcy1lc3RpbWF0ZXM=/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Insights Focus [Ninth Episode of Crafting Bharat Podcast Series Explores the Intricacies of the Indian Startup Ecosystem with Aditya Sharma, Co-Founder & Director of The Souled Store](=/38/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25pbnRoZXBpc29kZS1vZi1jcmFmdGluZy1iaGFyYXQtcG9kY2FzdC1zZXJpZXMtZXhwbG9yZXMtdGhlLWludHJpY2FjaWVzLW9mLXRoZS1pbmRpYW4tc3RhcnR1cC1lY29zeXN0ZW0td2l0aC1hZGl0eWEtc2hhcm1hLWNvLWZvdW5kZXItZGlyZWN0b3Itb2YtdGhlLXNvdWxlZC1zdG9yZQ==/66b0e11bb62e5881b9ba615e-20240805) The start-up ecosystem of India has grown tremendously in the last decade. India has emerged as a predominant player in the global startup ecosystem ...... [Read more](=/39/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25pbnRoZXBpc29kZS1vZi1jcmFmdGluZy1iaGFyYXQtcG9kY2FzdC1zZXJpZXMtZXhwbG9yZXMtdGhlLWludHJpY2FjaWVzLW9mLXRoZS1pbmRpYW4tc3RhcnR1cC1lY29zeXN0ZW0td2l0aC1hZGl0eWEtc2hhcm1hLWNvLWZvdW5kZXItZGlyZWN0b3Itb2YtdGhlLXNvdWxlZC1zdG9yZQ==/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- =/40/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLyNuZXdzbGV0dGVy/66b0e11bb62e5881b9ba615e-20240805 [VCCircle](=/41/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66b0e11bb62e5881b9ba615e-20240805) [Privacy Policy](=/42/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Rlcm1zLW9mLXVzZSNwcml2YWN5LXBvbGljeQ==/66b0e11bb62e5881b9ba615e-20240805) | [Contact us](=/43/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NvbnRhY3QtdXM=/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Download the VCCircle app and read premium stories [alt_text](=/44/aHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS52Y2NpcmNsZSZobD1lbl9VUw==/66b0e11bb62e5881b9ba615e-20240805) [alt_text](=/45/aHR0cHM6Ly9pdHVuZXMuYXBwbGUuY29tL2luL2FwcC92Y2NpcmNsZS9pZDc0MDM2MjcwOD9tdD04/66b0e11bb62e5881b9ba615e-20240805) --------------------------------------------------------------- Newsletters sent by newsletter@vccircle.co & Powered by Copyright © HT Digital Streams. 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