Creador, Blackstone make exit moves; Kedaara, Quadria eye new deal; Q&A with IndusLaw partner

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTA5Lmh0bWw=/66b62efbb62e5881b96b3af8-20240809) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66b62efbb62e5881b96b3af8-20240809) Friday, 9 Aug 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66b62efbb62e5881b96b3af8-20240809 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3JzY29yZXMtYnVtcGVyLWhhcnZlc3QtZnJvbS10aHJlZS15ZWFyLW9sZC1pbmRpYS1wb3J0Zm9saW8tY29tcGFueQ==/66b62efbb62e5881b96b3af8-20240809 Private Equity [Creador scores bumper harvest from three-year-old India portfolio company](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3JzY29yZXMtYnVtcGVyLWhhcnZlc3QtZnJvbS10aHJlZS15ZWFyLW9sZC1pbmRpYS1wb3J0Zm9saW8tY29tcGFueQ==/66b62efbb62e5881b96b3af8-20240809) Creador, the South- and Southeast Asia-focused private equity firm founded by former ChrysCapital partner Brahmal Vasudevan, has exited a consumer ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3JzY29yZXMtYnVtcGVyLWhhcnZlc3QtZnJvbS10aHJlZS15ZWFyLW9sZC1pbmRpYS1wb3J0Zm9saW8tY29tcGFueQ==/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- Private Equity [Blackstone’s harvest from India real estate portfolio tops $2.6 bn mark](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsYWNrc3RvbmVzLWhhcnZlc3QtZnJvbS1pbmRpYS1yZWFsLWVzdGF0ZS1wb3J0Zm9saW8tdG9wcy0yLTYtYm4tbWFyaw==/66b62efbb62e5881b96b3af8-20240809) Alternative investment major Blackstone, which has become one of the largest institutional investors in India’s real estate sector over the last ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsYWNrc3RvbmVzLWhhcnZlc3QtZnJvbS1pbmRpYS1yZWFsLWVzdGF0ZS1wb3J0Zm9saW8tdG9wcy0yLTYtYm4tbWFyaw==/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- Private Equity [Kedaara, Quadria in talks to pick up stake in botanical extracts maker](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tlZGFhcmFxdWFkcmlhLWluLXRhbGtzLXRvLXBpY2stdXAtc3Rha2UtaW4tYm90YW5pY2FsLWV4dHJhY3RzLW1ha2Vy/66b62efbb62e5881b96b3af8-20240809) Kedaara Capital and Quadria Capital are among a clutch of private equity firms in the race to pick up a significant minority stake in a botanical ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tlZGFhcmFxdWFkcmlhLWluLXRhbGtzLXRvLXBpY2stdXAtc3Rha2UtaW4tYm90YW5pY2FsLWV4dHJhY3RzLW1ha2Vy/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZHVzbGF3cy1tLWFydW4ta3VtYXItb24tbS1hLXRyZW5kcy1kZWFsbWFraW5nLWNoYWxsZW5nZXMtYW5kLW1vcmU=/66b62efbb62e5881b96b3af8-20240809 Interview [IndusLaw’s M Arun Kumar on M&A trends, dealmaking challenges and more](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZHVzbGF3cy1tLWFydW4ta3VtYXItb24tbS1hLXRyZW5kcy1kZWFsbWFraW5nLWNoYWxsZW5nZXMtYW5kLW1vcmU=/66b62efbb62e5881b96b3af8-20240809) IndusLaw, founded in 2000, is one of India’s largest law firms by number of partners and lawyers with offices in Bengaluru, Chennai, Delhi and NCR, ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZHVzbGF3cy1tLWFydW4ta3VtYXItb24tbS1hLXRyZW5kcy1kZWFsbWFraW5nLWNoYWxsZW5nZXMtYW5kLW1vcmU=/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- Consumer [Bottomline: Lavie parent Bagzone seeks to accelerate growth after flat FY24](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVsYXZpZS1wYXJlbnQtYmFnem9uZS1zZWVrcy10by1hY2NlbGVyYXRlLWdyb3d0aC1hZnRlci1mbGF0LWZ5MjQ=/66b62efbb62e5881b96b3af8-20240809) Bagzone Lifestyles Pvt. Ltd, which owns homegrown luggage and accessories brand Lavie, reported flat revenue for the last fiscal year but its ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVsYXZpZS1wYXJlbnQtYmFnem9uZS1zZWVrcy10by1hY2NlbGVyYXRlLWdyb3d0aC1hZnRlci1mbGF0LWZ5MjQ=/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- M&A [Deals Digest: Cumulative fundraising value rises on back of one big cheque](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LWN1bXVsYXRpdmUtZnVuZHJhaXNpbmctdmFsdWUtcmlzZXMtb24tYmFjay1vZi1vbmUtYmlnLWNoZXF1ZQ==/66b62efbb62e5881b96b3af8-20240809) Venture capital and private equity investments rose marginally in value for the week gone by, even as deal volume declined for the same period, it is ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LWN1bXVsYXRpdmUtZnVuZHJhaXNpbmctdmFsdWUtcmlzZXMtb24tYmFjay1vZi1vbmUtYmlnLWNoZXF1ZQ==/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- Venture Capital [Nikhil Kamath's Gruhas invests in weavings; CloudKeeper buys WiseOps](=/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25pa2hpbGthbWF0aC1zLWdydWhhcy1pbnZlc3RzLWluLXdlYXZpbmdzLWNsb3Vka2VlcGVyLWJ1eXMtd2lzZW9wcw==/66b62efbb62e5881b96b3af8-20240809) Gruhas, a venture capital-style investment firm started by Zerodha co-founder Nikhil Kamath and entrepreneur Abhijeet Pai in 2021, has invested in ...... [Read more](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25pa2hpbGthbWF0aC1zLWdydWhhcy1pbnZlc3RzLWluLXdlYXZpbmdzLWNsb3Vka2VlcGVyLWJ1eXMtd2lzZW9wcw==/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- Markets [SoftBank-backed Ola Electric jumps 20% after flat debut](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rYmFja2VkLW9sYS1lbGVjdHJpYy1tYXJrcy1mbGF0LWRlYnV0/66b62efbb62e5881b96b3af8-20240809) Ola Electric Mobility's shares surged 20% on their Mumbai trading debut on Friday, valuing the company at $4.8 billion, as investors bet on ...... [Read more](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rYmFja2VkLW9sYS1lbGVjdHJpYy1tYXJrcy1mbGF0LWRlYnV0/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- Markets [July mutual fund data: Equity inflows retreat from record levels amid profit booking](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2p1bHltdXR1YWwtZnVuZC1kYXRhLWVxdWl0eS1pbmZsb3dzLXJldHJlYXQtZnJvbS1yZWNvcmQtbGV2ZWxzLWFtaWQtcHJvZml0LWJvb2tpbmc=/66b62efbb62e5881b96b3af8-20240809) Inflows into India's equity mutual funds moderated in July to 371.13 billion rupees ($4.42 billion), easing off record high levels hit in the ...... [Read more](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2p1bHltdXR1YWwtZnVuZC1kYXRhLWVxdWl0eS1pbmZsb3dzLXJldHJlYXQtZnJvbS1yZWNvcmQtbGV2ZWxzLWFtaWQtcHJvZml0LWJvb2tpbmc=/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- M&A [Mahindra seeks govt nod for $3 bn JV with China's Shaanxi](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21haGluZHJhc2Vla3MtZ292dC1ub2QtZm9yLTMtYm4tanYtd2l0aC1jaGluYS1zLXNoYWFueGk=/66b62efbb62e5881b96b3af8-20240809) Indian automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car ...... [Read more](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21haGluZHJhc2Vla3MtZ292dC1ub2QtZm9yLTMtYm4tanYtd2l0aC1jaGluYS1zLXNoYWFueGk=/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- M&A [HCL Tech to acquire French software firm at €24 mn valuation](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hjbHRlY2gtdG8tYWNxdWlyZS1mcmVuY2gtc29mdHdhcmUtZmlybS1hdC0yNC1tbi12YWx1YXRpb24=/66b62efbb62e5881b96b3af8-20240809) HCL Technologies Friday said it will acquire France-based software firm Zeenea SAS at a valuation of €24 million (about Rs 220 crore) to help ...... [Read more](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hjbHRlY2gtdG8tYWNxdWlyZS1mcmVuY2gtc29mdHdhcmUtZmlybS1hdC0yNC1tbi12YWx1YXRpb24=/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- TMT [Byju's US lenders appeal insolvency-quashing order before Supreme Court](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2J5anVzLXVzLWxlbmRlcnMtYXBwZWFsLWluc29sdmVuY3ktcXVhc2hpbmctb3JkZXItYmVmb3JlLXN1cHJlbWUtY291cnQ=/66b62efbb62e5881b96b3af8-20240809) Some overseas lenders to India's Byju's have appealed to the country's apex court opposing a verdict that had quashed insolvency ...... [Read more](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2J5anVzLXVzLWxlbmRlcnMtYXBwZWFsLWluc29sdmVuY3ktcXVhc2hpbmctb3JkZXItYmVmb3JlLXN1cHJlbWUtY291cnQ=/66b62efbb62e5881b96b3af8-20240809) --------------------------------------------------------------- General [Grapevine: Alpha Wave bids for stake in VLCC; Yulu Bikes eyes fresh funds](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWFscGhhLXdhdmUtYmlkcy1mb3Itc3Rha2UtaW4tdmxjYy15dWx1LWJpa2VzLWV5ZXMtZnJlc2gtZnVuZHM=/66b62efbb62e5881b96b3af8-20240809) US-based private equity firm Alpha Wave Global has submitted a binding bid to acquire a 25% stake in VLCC Healthcare Ltd, a New Delhi-based ...... 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