Kedaara makes an exit; Visit Health gets new owners; Spark Capital, Neo Asset, Incubate Asia in fund news

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTE0Lmh0bWw=/66bccbb8b62e5881b95396c9-20240814) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66bccbb8b62e5881b95396c9-20240814) Wednesday, 14 Aug 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66bccbb8b62e5881b95396c9-20240814 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tlZGFhcmFjYXBpdGFsLXNlZXMtYS13cml0ZS1vZmYtb24taXRzLTEwMC1tbi1wbHVzLWJldA==/66bccbb8b62e5881b95396c9-20240814 Private Equity [Kedaara Capital takes a write-off on its $100 mn plus bet](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tlZGFhcmFjYXBpdGFsLXNlZXMtYS13cml0ZS1vZmYtb24taXRzLTEwMC1tbi1wbHVzLWJldA==/66bccbb8b62e5881b95396c9-20240814) Private equity firm Kedaara Capital, which has set an enviable record with a long streak of profitable exits that enabled it to raise the largest ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tlZGFhcmFjYXBpdGFsLXNlZXMtYS13cml0ZS1vZmYtb24taXRzLTEwMC1tbi1wbHVzLWJldA==/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- M&A [Gujarat group partners VC to acquire healthtech company Visit Health](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2d1amFyYXRncm91cC1wYXJ0bmVycy12Yy10by1hY3F1aXJlLWhlYWx0aHRlY2gtY29tcGFueS12aXNpdC1oZWFsdGg=/66bccbb8b62e5881b95396c9-20240814) A Gujarat-based business family, believed to be associated with a large lifesciences company that discovers, develops, manufactures and markets a ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2d1amFyYXRncm91cC1wYXJ0bmVycy12Yy10by1hY3F1aXJlLWhlYWx0aHRlY2gtY29tcGFueS12aXNpdC1oZWFsdGg=/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- Venture Capital [Incubate Fund Asia plans new outing after closing third fund below target](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luY3ViYXRlZnVuZC1hc2lhLXBsYW5zLW5ldy1vdXRpbmctYWZ0ZXItY2xvc2luZy10aGlyZC1mdW5kLWJlbG93LXRhcmdldA==/66bccbb8b62e5881b95396c9-20240814) Incubate Fund Asia, a Japanese venture capital firm focused on early-stage companies in India and Southeast Asia, has marked the final close of its ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luY3ViYXRlZnVuZC1hc2lhLXBsYW5zLW5ldy1vdXRpbmctYWZ0ZXItY2xvc2luZy10aGlyZC1mdW5kLWJlbG93LXRhcmdldA==/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NwYXJrY2FwaXRhbC1wbGFucy10by1yb2xsLW91dC1wcmUtaXBvLWZ1bmQ=/66bccbb8b62e5881b95396c9-20240814 Private Equity [Spark Capital plans to roll out pre-IPO fund](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NwYXJrY2FwaXRhbC1wbGFucy10by1yb2xsLW91dC1wcmUtaXBvLWZ1bmQ=/66bccbb8b62e5881b95396c9-20240814) Spark Capital, a mid-market financial services firm offering investment banking, asset management and private wealth management services, is likely to...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NwYXJrY2FwaXRhbC1wbGFucy10by1yb2xsLW91dC1wcmUtaXBvLWZ1bmQ=/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- Credit [Neo Asset forays into performing credit with new fund, marks first close](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb2Fzc2V0LWZvcmF5cy1pbnRvLXBlcmZvcm1pbmctY3JlZGl0LXdpdGgtbmV3LWZ1bmQtbWFya3MtZmlyc3QtY2xvc2U=/66bccbb8b62e5881b95396c9-20240814) Mumbai-based Neo Asset and Wealth Management, the asset management arm of Neo Group, which onboarded Japanese banking major MUFG this week, has ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb2Fzc2V0LWZvcmF5cy1pbnRvLXBlcmZvcm1pbmctY3JlZGl0LXdpdGgtbmV3LWZ1bmQtbWFya3MtZmlyc3QtY2xvc2U=/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- General [Grapevine: Ayana shortlists final bidders; Nexus Select eyes two Kolkata malls](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWF5YW5hLXNob3J0bGlzdHMtZmluYWwtYmlkZGVycy1uZXh1cy1zZWxlY3QtZXllcy10d28ta29sa2F0YS1tYWxscw==/66bccbb8b62e5881b95396c9-20240814) India’s Ayana Renewable Power Pvt Ltd, which is backed by the National Investment and Infrastructure Fund (NIIF), has shortlisted ONGC, JSW ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWF5YW5hLXNob3J0bGlzdHMtZmluYWwtYmlkZGVycy1uZXh1cy1zZWxlY3QtZXllcy10d28ta29sa2F0YS1tYWxscw==/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- Consumer [Bottomline: Lenskart reaps benefits of new stores, FY24 revenue up over 30%](=/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVsZW5za2FydC1yZWFwcy1iZW5lZml0cy1vZi1uZXctc3RvcmVzLWZ5MjQtcmV2ZW51ZS11cC1vdmVyLTYwLQ==/66bccbb8b62e5881b95396c9-20240814) Omni-channel eyewear retailer Lenskart Solutions Pvt. Ltd, which managed to turn around its core India operational business in FY23, has further ...... [Read more](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVsZW5za2FydC1yZWFwcy1iZW5lZml0cy1vZi1uZXctc3RvcmVzLWZ5MjQtcmV2ZW51ZS11cC1vdmVyLTYwLQ==/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- M&A [KSH Infra to invest nearly $54 mn in South India logistics park](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tzaGluZnJhLXRvLWludmVzdC1uZWFybHktNTQtbW4taW4tc291dGgtaW5kaWEtbG9naXN0aWNzLXBhcms=/66bccbb8b62e5881b95396c9-20240814) Industrial and warehousing real estate developer KSH Infra, a subsidiary of Pune-based KSH Group, said Wednesday it has entered the south India market...... [Read more](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tzaGluZnJhLXRvLWludmVzdC1uZWFybHktNTQtbW4taW4tc291dGgtaW5kaWEtbG9naXN0aWNzLXBhcms=/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- Venture Capital [Valar Ventures, Unbound invest in Syfe; Piper Serica backs Six Sense Mobility](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZhbGFydmVudHVyZXMtdW5ib3VuZC1pbnZlc3QtaW4tc3lmZS1waXBlci1zZXJpY2EtYmFja3Mtc2l4LXNlbnNlLW1vYmlsaXR5/66bccbb8b62e5881b95396c9-20240814) Syfe, a savings and investment platform, and smart mobility startup Six Sense Mobility have raised funding from venture capital investors, the ...... [Read more](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZhbGFydmVudHVyZXMtdW5ib3VuZC1pbnZlc3QtaW4tc3lmZS1waXBlci1zZXJpY2EtYmFja3Mtc2l4LXNlbnNlLW1vYmlsaXR5/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- TMT [Supreme Court revives insolvency proceedings against Byju's](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1cHJlbWVjb3VydC1yZXZpdmVzLWluc29sdmVuY3ktcHJvY2VlZGluZ3MtYWdhaW5zdC1ieWp1LXM=/66bccbb8b62e5881b95396c9-20240814) India's top court on Wednesday revived insolvency proceedings against education technology company Byju's following a lawsuit by a trust ...... [Read more](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N1cHJlbWVjb3VydC1yZXZpdmVzLWluc29sdmVuY3ktcHJvY2VlZGluZ3MtYWdhaW5zdC1ieWp1LXM=/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- Markets [Sensex, Nifty end flat as profit booking offsets gains in IT stocks](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWVuZC1mbGF0LWFzLXByb2ZpdC1ib29raW5nLW9mZnNldHMtZ2FpbnMtaW4taXQtc3RvY2tz/66bccbb8b62e5881b95396c9-20240814) Indian shares closed little changed on Wednesday, as broad-based profit booking offset gains in information technology (IT) stocks after soft U.S. ...... [Read more](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWVuZC1mbGF0LWFzLXByb2ZpdC1ib29raW5nLW9mZnNldHMtZ2FpbnMtaW4taXQtc3RvY2tz/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- Markets [Rupee continues to hover around 84/$ mark amid volatility](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3J1cGVlY29udGludWVzLXRvLWhvdmVyLWFyb3VuZC04NC1tYXJrLWFtaWQtdm9sYXRpbGl0eQ==/66bccbb8b62e5881b95396c9-20240814) The Indian rupee ended nearly flat on Wednesday as U.S. dollar demand from importers and foreign banks eroded the currency's early gains that came...... 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[Read more](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29sYWVsZWN0cmljLXBvc3RzLWJpZ2dlci1xMS1sb3NzLWFzLWluY2VudGl2ZXMtZHJvcC1jb3N0cy1yaXNl/66bccbb8b62e5881b95396c9-20240814) --------------------------------------------------------------- M&A [Swan Energy to sell stake in LNG terminal to Turkish firm for $399 mn](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3YW5lbmVyZ3l0by1zZWxsLXN0YWtlLWluLWxuZy10ZXJtaW5hbC10by10dXJraXNoLWZpcm0tZm9yLTM5OS1tbg==/66bccbb8b62e5881b95396c9-20240814) Indian oil & gas firm Swan Energy plans to sell a stake in one of its liquefied natural gas (LNG) terminals to Turkish state energy company BOTAS in a...... 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