True North’s poor exit; ICICI Venture scraps another partner platform; 35 North in fund news

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTA2Lmh0bWw=/66b23970b62e5881b97aa83a-20240806) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66b23970b62e5881b97aa83a-20240806) Tuesday, 6 Aug 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66b23970b62e5881b97aa83a-20240806 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RydWVub3J0aC1oaXRzLXNlbGwtYnV0dG9uLW9uLXNpbmdsZS1iaWdnZXN0LXBlLWJldC13aXRoLXBvb3ItcmV0dXJucw==/66b23970b62e5881b97aa83a-20240806 Private Equity [True North hits sell button on single biggest PE bet with poor returns](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RydWVub3J0aC1oaXRzLXNlbGwtYnV0dG9uLW9uLXNpbmdsZS1iaWdnZXN0LXBlLWJldC13aXRoLXBvb3ItcmV0dXJucw==/66b23970b62e5881b97aa83a-20240806) Private equity firm True North, which has made several monetisation moves in 2023 while also slashing the target corpus of its seventh flagship fund ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RydWVub3J0aC1oaXRzLXNlbGwtYnV0dG9uLW9uLXNpbmdsZS1iaWdnZXN0LXBlLWJldC13aXRoLXBvb3ItcmV0dXJucw==/66b23970b62e5881b97aa83a-20240806) --------------------------------------------------------------- Private Equity [ICICI Venture scraps commercial property development fund with private developer](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1zY3JhcHMtY29tbWVyY2lhbC1wcm9wZXJ0eS1kZXZlbG9wbWVudC1mdW5kLXdpdGgtcHJpdmF0ZS1kZXZlbG9wZXI=/66b23970b62e5881b97aa83a-20240806) ICICI Venture, one of the oldest home-grown alternative investment firms in the country that is into sector agnostic private equity space besides ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1zY3JhcHMtY29tbWVyY2lhbC1wcm9wZXJ0eS1kZXZlbG9wbWVudC1mdW5kLXdpdGgtcHJpdmF0ZS1kZXZlbG9wZXI=/66b23970b62e5881b97aa83a-20240806) --------------------------------------------------------------- Venture Capital [Early-stage investor 35 North Ventures hits fundraising milestone in second outing](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Vhcmx5c3RhZ2UtaW52ZXN0b3ItMzUtbm9ydGgtdmVudHVyZXMtaGl0cy1mdW5kcmFpc2luZy1taWxlc3RvbmUtaW4tc2Vjb25kLW91dGluZw==/66b23970b62e5881b97aa83a-20240806) Mumbai-based 35 North Ventures, an early-stage investor that counts companies such as CloudTailor, SpeEdLabs, Dhybrid and Stupa Analytics in its ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Vhcmx5c3RhZ2UtaW52ZXN0b3ItMzUtbm9ydGgtdmVudHVyZXMtaGl0cy1mdW5kcmFpc2luZy1taWxlc3RvbmUtaW4tc2Vjb25kLW91dGluZw==/66b23970b62e5881b97aa83a-20240806) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2J1cm1hbmZhbWlseS1vZmZpY2UtYmFja3MtYW4tZm1jZy1jb21wYW55/66b23970b62e5881b97aa83a-20240806 Private Equity [Burman Family Office backs an FMCG company](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2J1cm1hbmZhbWlseS1vZmZpY2UtYmFja3MtYW4tZm1jZy1jb21wYW55/66b23970b62e5881b97aa83a-20240806) Burman Family Holdings, which operates the family office of the promoters of Dabur Group, has inked a deal to pick a minority stake in a company that ...... 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[Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NvbnNvcnRpdW1vZi1uZXctaW52ZXN0b3JzLWJhY2tzLXRwZy1vd25lZC1yZW5ld2FibGVzLXBsYXllci1mb3VydGgtZW5lcmd5/66b23970b62e5881b97aa83a-20240806) --------------------------------------------------------------- M&A [Singapore’s Keppel acquires office asset in Chennai from RMZ Corp-CPPIB JV](=/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpbmdhcG9yZXMta2VwcGVsLWFjcXVpcmVzLW9mZmljZS1hc3NldC1pbi1jaGVubmFpLWZyb20tcm16LWNvcnAtY3BwaWItanY=/66b23970b62e5881b97aa83a-20240806) Singapore-based asset manager Keppel with assets under management valued at about S$65 billion (Rs 4.11 trillion), has completed the acquisition of a ...... [Read more](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpbmdhcG9yZXMta2VwcGVsLWFjcXVpcmVzLW9mZmljZS1hc3NldC1pbi1jaGVubmFpLWZyb20tcm16LWNvcnAtY3BwaWItanY=/66b23970b62e5881b97aa83a-20240806) --------------------------------------------------------------- =/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ293bmVkLWdyaWh1bS1ob3VzaW5nLXMtYXVtLXNvYXJzLXBhc3QtMS1ibi1tYXJrLWluLXEx/66b23970b62e5881b97aa83a-20240806 Private Equity [TPG-owned Grihum Housing's AUM soars past $1 bn mark in Q1](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ293bmVkLWdyaWh1bS1ob3VzaW5nLXMtYXVtLXNvYXJzLXBhc3QtMS1ibi1tYXJrLWluLXEx/66b23970b62e5881b97aa83a-20240806) Non-banking lender Grihum Housing Finance, erstwhile known as Poonawalla Housing Finance, reported a rise in its financial metrics for the first ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ293bmVkLWdyaWh1bS1ob3VzaW5nLXMtYXVtLXNvYXJzLXBhc3QtMS1ibi1tYXJrLWluLXEx/66b23970b62e5881b97aa83a-20240806) --------------------------------------------------------------- Venture Capital [Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpeHN0YXJ0dXBzLXJhaXNlLWVhcmx5LXN0YWdlLWZ1bmRpbmctbmF6YXJhLXRlY2gtYXJtLXRvLWFjcXVpcmUtdXMtY28=/66b23970b62e5881b97aa83a-20240806) Startups Punch, EtherealX, Hyperbots, Neuron Energy; matchmaking platform Juleo and restaurant brand Burma Burma have raised funding, while Absolute ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpeHN0YXJ0dXBzLXJhaXNlLWVhcmx5LXN0YWdlLWZ1bmRpbmctbmF6YXJhLXRlY2gtYXJtLXRvLWFjcXVpcmUtdXMtY28=/66b23970b62e5881b97aa83a-20240806) --------------------------------------------------------------- People [Amazon India head Manish Tiwary resigns, successor yet to be named](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FtYXpvbmluZGlhLWhlYWQtbWFuaXNoLXRpd2FyeS1yZXNpZ25zLXN1Y2Nlc3Nvci15ZXQtdG8tYmUtbmFtZWQ=/66b23970b62e5881b97aa83a-20240806) Amazon.com India's country head Manish Tiwary has resigned after an eight-year stint and will leave the e-commerce giant in October, the company ...... 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