Convergent clocks year's third exit; Etonhurst to raise debut fund; Nazara expands M&A war chest

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTA4Lmh0bWw=/66b4d0a8b62e5881b9d5fbbe-20240808) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66b4d0a8b62e5881b9d5fbbe-20240808) Thursday, 8 Aug 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66b4d0a8b62e5881b9d5fbbe-20240808 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd2RpZC1jb252ZXJnZW50LWZpbmFuY2UtZmFyZS1pbi1pdHMtdGhpcmQtZXhpdC1tb3ZlLXRoaXMteWVhcg==/66b4d0a8b62e5881b9d5fbbe-20240808 Private Equity [How did Convergent Finance fare in its third exit move this year?](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd2RpZC1jb252ZXJnZW50LWZpbmFuY2UtZmFyZS1pbi1pdHMtdGhpcmQtZXhpdC1tb3ZlLXRoaXMteWVhcg==/66b4d0a8b62e5881b9d5fbbe-20240808) Convergent Finance, a private equity-style firm led by former Fairfax India executive Harsha Raghavan, has made its third monetisation move of 2024 ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd2RpZC1jb252ZXJnZW50LWZpbmFuY2UtZmFyZS1pbi1pdHMtdGhpcmQtZXhpdC1tb3ZlLXRoaXMteWVhcg==/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- Private Equity [Etonhurst Capital set to kickstart fundraising for maiden real estate vehicle](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V0b25odXJzdGNhcGl0YWwtc2V0LXRvLWtpY2tzdGFydC1mdW5kcmFpc2luZy1mb3ItbWFpZGVuLXJlYWwtZXN0YXRlLXZlaGljbGU=/66b4d0a8b62e5881b9d5fbbe-20240808) Etonhurst Capital Partners, a real estate investment firm, will hit the road next quarter to raise capital for its maiden fund that will focus on ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V0b25odXJzdGNhcGl0YWwtc2V0LXRvLWtpY2tzdGFydC1mdW5kcmFpc2luZy1mb3ItbWFpZGVuLXJlYWwtZXN0YXRlLXZlaGljbGU=/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- M&A [Nazara expands M&A war chest; to buy Smaaash, UK gaming studio](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25hemFyYWV4cGFuZHMtbS1hLXdhci1jaGVzdC10by1idXktc21hYWFzaC11ay1nYW1pbmctc3R1ZGlv/66b4d0a8b62e5881b9d5fbbe-20240808) Mumbai-listed gaming and sports media company Nazara Technologies will spend more than initially planned on mergers and acquisitions as it gears up to...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25hemFyYWV4cGFuZHMtbS1hLXdhci1jaGVzdC10by1idXktc21hYWFzaC11ay1nYW1pbmctc3R1ZGlv/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVzaHJlbS1pbnZpdC1vbi10aGUtZmFzdC1yb2FkLWFzLWFjcXVpc2l0aW9ucy1ib29zdC1yZXZlbnVlLXByb2ZpdA==/66b4d0a8b62e5881b9d5fbbe-20240808 Infrastructure [Bottomline: Shrem InvIT on the fast road as acquisitions boost revenue, profit](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVzaHJlbS1pbnZpdC1vbi10aGUtZmFzdC1yb2FkLWFzLWFjcXVpc2l0aW9ucy1ib29zdC1yZXZlbnVlLXByb2ZpdA==/66b4d0a8b62e5881b9d5fbbe-20240808) Shrem InvIT, a highways-focused infrastructure investment trust that started operations less than three years ago, has grown its revenue and profit at...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVzaHJlbS1pbnZpdC1vbi10aGUtZmFzdC1yb2FkLWFzLWFjcXVpc2l0aW9ucy1ib29zdC1yZXZlbnVlLXByb2ZpdA==/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- Finance [Peak XV-backed MoneyTap, Freo parent aims to clock a profit for FY25](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BlYWt4di1iYWNrZWQtbW9uZXl0YXAtZnJlby1wYXJlbnQtYWltcy10by1jbG9jay1hLXByb2ZpdC1mb3ItZnkyNQ==/66b4d0a8b62e5881b9d5fbbe-20240808) MWYN Tech Pvt. Ltd, which runs digital banking platform Freo and provides personal loans through its MoneyTap platform, aims to post a profit for the ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3BlYWt4di1iYWNrZWQtbW9uZXl0YXAtZnJlby1wYXJlbnQtYWltcy10by1jbG9jay1hLXByb2ZpdC1mb3ItZnkyNQ==/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- M&A [EV charger maker Exicom to acquire Tritium for $30 mn](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V2Y2hhcmdlci1tYWtlci1leGljb20tdG8tYWNxdWlyZS10cml0aXVtLWZvci0zMC1tbg==/66b4d0a8b62e5881b9d5fbbe-20240808) Nepean Capital-backed Exicom Tele-Systems Ltd, a homegrown electric vehicle charger manufacturer, has entered into a definitive agreement to acquire ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V2Y2hhcmdlci1tYWtlci1leGljb20tdG8tYWNxdWlyZS10cml0aXVtLWZvci0zMC1tbg==/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- Venture Capital [Scimplify, Metadome.ai nab Series A cash; FlexiBees gets IPV’s backing](=/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NjaW1wbGlmeW1ldGFkb21lLWFpLW5hYi1zZXJpZXMtYS1jYXNoLWZsZXhpYmVlcy1nZXRzLWlwdi1zLWJhY2tpbmc=/66b4d0a8b62e5881b9d5fbbe-20240808) Specialty chemical manufacturing startup Scimplify and extended reality startup Metadome.ai have raised Series A funding from a bunch of venture ...... 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[Read more](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rdHBnLWJhY2tlZC1maXJzdGNyeS1nZXRzLTMtNC1ibi1pbi1iaWRzLWZvci01MDEtbW4taXBv/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- Economy [RBI holds rates again as inflation fight continues; retains GDP forecast](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JiaWhvbGRzLXJhdGVzLWFnYWluLWFzLWluZmxhdGlvbi1maWdodC1jb250aW51ZXMtcmV0YWlucy1nZHAtZm9yZWNhc3Q=/66b4d0a8b62e5881b9d5fbbe-20240808) The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, as it continued its efforts to sustainably ...... [Read more](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JiaWhvbGRzLXJhdGVzLWFnYWluLWFzLWluZmxhdGlvbi1maWdodC1jb250aW51ZXMtcmV0YWlucy1nZHAtZm9yZWNhc3Q=/66b4d0a8b62e5881b9d5fbbe-20240808) --------------------------------------------------------------- General [Grapevine: Zydus joins Torrent in race for JB Chemicals; The New Shop eyes 24Seven](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXp5ZHVzLWpvaW5zLXRvcnJlbnQtaW4tcmFjZS1mb3ItamItY2hlbWljYWxzLXRoZS1uZXctc2hvcC1leWVzLTI0c2V2ZW4=/66b4d0a8b62e5881b9d5fbbe-20240808) Torrent Pharmaceuticals and Zydus Lifesciences are vying for control of JB Chemicals and Pharmaceuticals, alongside private equity firm EQT, a...... 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