ICICI Venture, Creador score exits; Tanglin plans VC bet; Q&A with Vertex Ventures' Kanika Mayar

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTIwLmh0bWw=/66c4a8f2b62e5881b912c265-20240820) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66c4a8f2b62e5881b912c265-20240820) Tuesday, 20 Aug 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66c4a8f2b62e5881b912c265-20240820 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1zY29yZXMtYS1qdWljeS1wcml2YXRlLWVxdWl0eS1leGl0/66c4a8f2b62e5881b912c265-20240820 Private Equity [ICICI Venture scores a juicy private equity exit](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1zY29yZXMtYS1qdWljeS1wcml2YXRlLWVxdWl0eS1leGl0/66c4a8f2b62e5881b912c265-20240820) Indian private equity firm ICICI Venture, one of the oldest alternative investors in the country that finished fundraising for its fifth investment ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1zY29yZXMtYS1qdWljeS1wcml2YXRlLWVxdWl0eS1leGl0/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- Private Equity [Creador on course for over $70 mn India PE exit](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3Jvbi1jb3Vyc2UtZm9yLW92ZXItNzAtbW4taW5kaWEtcGUtZXhpdA==/66c4a8f2b62e5881b912c265-20240820) Creador, the South- and Southeast Asia-focused private equity firm founded by Brahmal Vasudevan that is raising capital for its sixth fund targeting...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NyZWFkb3Jvbi1jb3Vyc2UtZm9yLW92ZXItNzAtbW4taW5kaWEtcGUtZXhpdA==/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- Venture Capital [Tanglin Venture Partners cooking a plan to bet on food brand](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhbmdsaW52ZW50dXJlLXBhcnRuZXJzLWNvb2tpbmctYS1wbGFuLXRvLWJldC1vbi1mb29kLWJyYW5k/66c4a8f2b62e5881b912c265-20240820) Tanglin Venture Partners, an investor in several Indian consumer brands, is in advanced stages of discussions to add a homegrown noodles maker to its ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhbmdsaW52ZW50dXJlLXBhcnRuZXJzLWNvb2tpbmctYS1wbGFuLXRvLWJldC1vbi1mb29kLWJyYW5k/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZlcnRleHZlbnR1cmVzLWthbmlrYS1tYXlhci1vbi1pbmRpYS1kZWFsLXZvbHVtZS1uZXctZm9jdXMtc2VjdG9ycy1hbmQtbW9yZQ==/66c4a8f2b62e5881b912c265-20240820 Venture Capital [Vertex Ventures’ Kanika Mayar on India deal volume, new focus sectors and more](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZlcnRleHZlbnR1cmVzLWthbmlrYS1tYXlhci1vbi1pbmRpYS1kZWFsLXZvbHVtZS1uZXctZm9jdXMtc2VjdG9ycy1hbmQtbW9yZQ==/66c4a8f2b62e5881b912c265-20240820) Vertex Ventures, which is backed by Singapore state investment firm Temasek Holdings and closed its fifth India and Southeast Asia-focused fund at $...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZlcnRleHZlbnR1cmVzLWthbmlrYS1tYXlhci1vbi1pbmRpYS1kZWFsLXZvbHVtZS1uZXctZm9jdXMtc2VjdG9ycy1hbmQtbW9yZQ==/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- Private Equity [ValueQuest surpasses target corpus for maiden private equity fund](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZhbHVlcXVlc3RzdXJwYXNzZXMtdGFyZ2V0LWNvcnB1cy1mb3ItbWFpZGVuLXByaXZhdGUtZXF1aXR5LWZ1bmQ=/66c4a8f2b62e5881b912c265-20240820) Public market investor ValueQuest, which forayed into private markets with the launch of its private equity fund last year, has secured fresh ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3ZhbHVlcXVlc3RzdXJwYXNzZXMtdGFyZ2V0LWNvcnB1cy1mb3ItbWFpZGVuLXByaXZhdGUtZXF1aXR5LWZ1bmQ=/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- Finance [Grant Thornton Bharat hits new revenue milestone but growth slows](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYW50dGhvcm50b24tYmhhcmF0LWhpdHMtbmV3LXJldmVudWUtbWlsZXN0b25lLWJ1dC1ncm93dGgtc2xvd3M=/66c4a8f2b62e5881b912c265-20240820) Business consultancy firm Grant Thornton Bharat crossed a new revenue milestone in the fiscal year through March 2024 although the pace of growth ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYW50dGhvcm50b24tYmhhcmF0LWhpdHMtbmV3LXJldmVudWUtbWlsZXN0b25lLWJ1dC1ncm93dGgtc2xvd3M=/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29yaW9uY2FwaXRhbC1hc2lhLXRhcHMtZm9yZWlnbi1pbnZlc3Rvci1mb3ItbGF0ZXN0LWZ1bmQtd2l0aC1pbmRpYS1tYW5kYXRl/66c4a8f2b62e5881b912c265-20240820 Credit [Orion Capital Asia taps foreign investor for latest fund with India mandate](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29yaW9uY2FwaXRhbC1hc2lhLXRhcHMtZm9yZWlnbi1pbnZlc3Rvci1mb3ItbGF0ZXN0LWZ1bmQtd2l0aC1pbmRpYS1tYW5kYXRl/66c4a8f2b62e5881b912c265-20240820) Singapore-based Orion Capital Asia has tapped an international investor as a limited partner for its latest credit fund that has an India mandate, as ...... 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[Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmVoaWdoZXItY29zdHMtd2VpZ2gtb24ta3Jpcy1nb3BhbGFrcmlzaG5hbi1iYWNrZWQtcGVvcGxlLXRyZWUtaG9zcGl0YWxz/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- Venture Capital [Ankur Capital ropes in two existing LPs for third fund](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Fua3VyY2FwaXRhbC1yb3Blcy1pbi10d28tZXhpc3RpbmctbHBzLWZvci10aGlyZC1mdW5k/66c4a8f2b62e5881b912c265-20240820) Early-stage venture capital firm Ankur Capital, an investor in more than 30 companies including Captain Fresh, String Bio, Vegrow, Offgrid Energy Lab ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Fua3VyY2FwaXRhbC1yb3Blcy1pbi10d28tZXhpc3RpbmctbHBzLWZvci10aGlyZC1mdW5k/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- Private Equity [SEBI lets AIFs borrow to meet drawdown gaps, issues rules for VCF migrating to AIF](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYmlsZXRzLWFpZnMtYm9ycm93LXRvLW1lZXQtZHJhd2Rvd24tZ2Fwcy1pc3N1ZXMtcnVsZXMtZm9yLXZjZi1taWdyYXRpbmctdG8tYWlm/66c4a8f2b62e5881b912c265-20240820) India’s capital market regulator Securities and Exchange Board of India (SEBI) has issued two circulars, easing rules for borrowing by alternative ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlYmlsZXRzLWFpZnMtYm9ycm93LXRvLW1lZXQtZHJhd2Rvd24tZ2Fwcy1pc3N1ZXMtcnVsZXMtZm9yLXZjZi1taWdyYXRpbmctdG8tYWlm/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- M&A [SIDBI-backed Zappfresh acquires Mumbai-based Bonsaro](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpZGJpYmFja2VkLXphcHBmcmVzaC1hY3F1aXJlcy1tdW1iYWktYmFzZWQtYm9uc2Fybw==/66c4a8f2b62e5881b912c265-20240820) Delhi-based online meat delivery brand Zappfresh has acquired Mumbai-based Bonsaro, a company specialising in delivery of poultry, goat, and seafood...... 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[Read more](=/39/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LWVuZC1oaWdoZXItbGVkLWJ5LWl0LWFuZC1maW5hbmNpYWwtc3RvY2tz/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- General [Grapevine: PEs eye India's largest cardiac stent maker; O2 Power race heats up](=/40/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXBlcy1leWUtaW5kaWEtcy1sYXJnZXN0LWNhcmRpYWMtc3RlbnQtbWFrZXItbzItcG93ZXItcmFjZS1oZWF0cy11cA==/66c4a8f2b62e5881b912c265-20240820) Private equity firms KKR, TPG Capital and Apax Partners are evaluating India's largest cardiac stent maker Sahajanand Medical Technologies (...... [Read more](=/41/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXBlcy1leWUtaW5kaWEtcy1sYXJnZXN0LWNhcmRpYWMtc3RlbnQtbWFrZXItbzItcG93ZXItcmFjZS1oZWF0cy11cA==/66c4a8f2b62e5881b912c265-20240820) --------------------------------------------------------------- Insights Focus [Eleventh Episode of Crafting Bharat Podcast Series featuring Krishnan Vishwanathan, Founder & Executive Director of RING and Kissht, delves deep into the Indian startup ecosystem](=/42/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VsZXZlbnRoZXBpc29kZS1vZi1jcmFmdGluZy1iaGFyYXQtcG9kY2FzdC1zZXJpZXMtZmVhdHVyaW5nLWtyaXNobmFuLXZpc2h3YW5hdGhhbi1mb3VuZGVyLWV4ZWN1dGl2ZS1kaXJlY3Rvci1vZi1yaW5nLWFuZC1raXNzaHQtZGVsdmVzLWRlZXAtaW50by10aGUtaW5kaWFuLXN0YXJ0dXAtZWNvc3lzdGVt/66c4a8f2b62e5881b912c265-20240820) Entrepreneurship is in the air! India has witnessed a surge in the number of startups over the last decade with an increasing tech-savvy population. ...... 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