ICICI Venture beats exit benchmark; Ex-Practo exec floats health startup; Q&A with Shriram General Insurance CEO

Trouble viewing this email? [View in web browser](/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wOC9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA4LTMwLmh0bWw=/66d1cdb8b62e5881b936238c-20240830) [VCCircle](/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66d1cdb8b62e5881b936238c-20240830) Friday, 30 Aug 2024 /2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66d1cdb8b62e5881b936238c-20240830 /3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1iZWF0cy1iZW5jaG1hcmstaW4tbmV3LWV4aXQtbW92ZQ==/66d1cdb8b62e5881b936238c-20240830 Private Equity [ICICI Venture beats benchmark in new exit move](/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1iZWF0cy1iZW5jaG1hcmstaW4tbmV3LWV4aXQtbW92ZQ==/66d1cdb8b62e5881b936238c-20240830) ICICI Venture, the private equity arm of ICICI Bank, has made its fourth exit move of 2024 as it continues to take advantage of a stock market bull ...... [Read more](/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ljaWNpdmVudHVyZS1iZWF0cy1iZW5jaG1hcmstaW4tbmV3LWV4aXQtbW92ZQ==/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- Startups [Former Practo, Unacademy exec foraying into elder care with new venture](/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcnByYWN0by11bmFjYWRlbXktZXhlYy1mb3JheWluZy1pbnRvLWVsZGVyLWNhcmUtd2l0aC1uZXctdmVudHVyZQ==/66d1cdb8b62e5881b936238c-20240830) Vikas Kumar, a founding team member at digital healthcare platform Practo and former chief business officer at edtech unicorn Unacademy, is gearing up...... [Read more](/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Zvcm1lcnByYWN0by11bmFjYWRlbXktZXhlYy1mb3JheWluZy1pbnRvLWVsZGVyLWNhcmUtd2l0aC1uZXctdmVudHVyZQ==/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- Finance [Bottomline: Varthana's FY24 AUM grows as pandemic tremors begin to recede](/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmV2YXJ0aGFuYS1zLWZ5MjQtYXVtLWdyb3dzLWFzLXBhbmRlbWljLXRyZW1vcnMtYmVnaW4tdG8tcmVjZWRl/66d1cdb8b62e5881b936238c-20240830) Varthana Finance, backed by private equity names such as ChrysCapital, Kaizen Private Equity, along with a slew of angel investors like Bahram Vakil ...... [Read more](/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JvdHRvbWxpbmV2YXJ0aGFuYS1zLWZ5MjQtYXVtLWdyb3dzLWFzLXBhbmRlbWljLXRyZW1vcnMtYmVnaW4tdG8tcmVjZWRl/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- /10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NocmlyYW1nZW5lcmFsLWluc3VyYW5jZS1zLWNlby1vbi11cHNpemluZy1ub24tbW90b3ItYm9vay1pcG8tcGxhbnMtYW5kLW1vcmU=/66d1cdb8b62e5881b936238c-20240830 Interview [Shriram General Insurance’s CEO on upsizing non-motor book, IPO plans and more](/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NocmlyYW1nZW5lcmFsLWluc3VyYW5jZS1zLWNlby1vbi11cHNpemluZy1ub24tbW90b3ItYm9vay1pcG8tcGxhbnMtYW5kLW1vcmU=/66d1cdb8b62e5881b936238c-20240830) Over two years ago, private equity major KKR acquired a 9.99% stake in Shriram General Insurance for Rs 1,800 crore. Since then, the company’s gross...... [Read more](/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NocmlyYW1nZW5lcmFsLWluc3VyYW5jZS1zLWNlby1vbi11cHNpemluZy1ub24tbW90b3ItYm9vay1pcG8tcGxhbnMtYW5kLW1vcmU=/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- Credit [Edelweiss Alternatives bets on Indian socks maker](/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VkZWx3ZWlzc2FsdGVybmF0aXZlcy1leHRlbmRzLWZ1bmRpbmctdG8taW5kaWFuLXNvY2tzLW1ha2Vy/66d1cdb8b62e5881b936238c-20240830) Edelweiss Alternatives Asset Advisors, which manages over $6.6 billion in assets, has offered private credit to a textile manufacturer to help the ...... [Read more](/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VkZWx3ZWlzc2FsdGVybmF0aXZlcy1leHRlbmRzLWZ1bmRpbmctdG8taW5kaWFuLXNvY2tzLW1ha2Vy/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- Venture Capital [General Catalyst leads $340 mn funding in Zepto as valuation soars](/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dlbmVyYWxjYXRhbHlzdC1sZWFkcy0zNDAtbW4tZnVuZGluZy1pbi16ZXB0by1hcy12YWx1YXRpb24tc29hcnM=/66d1cdb8b62e5881b936238c-20240830) Zepto has raised fresh funding, barely two months after its last round of fundraising, lifting the valuation of the quick commerce startup to $5 ...... [Read more](/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dlbmVyYWxjYXRhbHlzdC1sZWFkcy0zNDAtbW4tZnVuZGluZy1pbi16ZXB0by1hcy12YWx1YXRpb24tc29hcnM=/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- Venture Capital [Asia Impact leads Agrim’s Series B funding round](/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FzaWFpbXBhY3QtbGVhZHMtYWdyaW0tcy1zZXJpZXMtYi1mdW5kaW5nLXJvdW5k/66d1cdb8b62e5881b936238c-20240830) Agrim Wholesale Pvt Ltd, a Gurugram-based on-demand B2B platform for agricultural inputs, has raised $17.3 million (around Rs 145 Crore) in a Series...... [Read more](/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FzaWFpbXBhY3QtbGVhZHMtYWdyaW0tcy1zZXJpZXMtYi1mdW5kaW5nLXJvdW5k/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- Private Equity [Deals Digest: Zepto bags big cheque in mixed week for funding activity](/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LXplcHRvLWJhZ3MtYmlnLWNoZXF1ZS1pbi1taXhlZC13ZWVrLWZvci1mdW5kaW5nLWFjdGl2aXR5/66d1cdb8b62e5881b936238c-20240830) The total capital raised by companies from private equity and venture capital firms slipped nearly 40% this week from the previous five-day period ...... [Read more](/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LXplcHRvLWJhZ3MtYmlnLWNoZXF1ZS1pbi1taXhlZC13ZWVrLWZvci1mdW5kaW5nLWFjdGl2aXR5/66d1cdb8b62e5881b936238c-20240830) --------------------------------------------------------------- Venture Capital [CarDekho's Girnar Vision Fund invests in SaaS startup BiUP](/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NhcmRla2hvcy1naXJuYXItdmlzaW9uLWZ1bmQtaW52ZXN0cy1pbi1zYWFzLXN0YXJ0dXAtYml1cA==/66d1cdb8b62e5881b936238c-20240830) BiUP Technologies, an immersive technology SaaS company, said Friday it has raised pre-Series A funding from CarDekho Group’s investment arm Girnar ...... 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