Reliance's JioMusic to merge with Tiger-backed Saavn; Blackstone enters stressed assets biz; ADV, Emerald Media in PE deals; Why VC funding slowdown is yet to bottom out; Pecking order of angel networks

[] SATURDAY, 24 March, 2018 [NewsCorp VCCircle]( [twitter]( [linkedin]( [facebook]( [you tube]( [VCCircle Premium]( [Sign Up Today]( M&A [JioMusic to merge with Tiger Global-backed streaming rival Saavn; VCs to part-exit]( Billionaire Mukesh Ambani-led Reliance Industries Ltd announced late on Friday that it would merge its music streaming service JioMusic with... PRIVATE EQUITY [Exclusive: Blackstone enters Indian stressed assets biz, buys stake in ARC]( [SSG Capital Management hikes stake in Cox & Kings' UK arm]( [Mid-market PE firm Lighthouse hits first close for latest India fund]( [Exclusive: Annapurna in talks with PEs to let early backers exit, fund growth]( [Exclusive: TR Capital eyes portfolio secondaries deals with two PE firms]( [Tracing sports PE FidelisWorld's maiden exit returns as Emerald Media bets on GSC]( [ADV Partners bets $105 mn on Feedback Infra; L&T Infra, IDFC Bank sell stake]( [Janalakshmi backer HarbourVest marks final close of flagship fund at $1.7 bn]( [Godrej Fund Management marks first close of commercial realty funds]( [Blackstone to buy majority stake in Nitesh Estates' Pune mall for $46 mn]( [True North makes a rare loss on an exit]( [Indian private equity sector has a gaping hole in the middle]( [How much money Warburg Pincus will make from part exit in Lemon Tree Hotels' IPO]( venture capital [Little Eye co-founder's new startup Slang Labs gets VC backing]( [Sequoia-backed beer label Bira 91 aims to break even in FY19; eyes IPO in mid-term]( [Top PayU India execs invest in blockchain startup Nuo Bank]( [Zoho co-founder backs SaaS startup UrbanPiper]( [Exfinity Ventures leads seed funding in US-based AgShift]( [Pecking order of angel networks in India]( [Angel investors back online loan matchmaker i2iFunding]( [Infosys investing more money in Waterline Data Science]( [Aavishkaar invests $5.4 mn in breakfast cereal maker Soulfull]( [Insight Venture Partners leads Series C round in Chargebee]( [Exclusive: Computer accessories maker iBall raises fresh capital]( [Micromax invests in app aggregator One Labs]( [Social investor Village Capital to back two fintech startups]( [Exclusive: Hitachi arm invests in industrial IoT startup Flutura]( [Omidyar Network leads Series A investment in customer engagement startup]( [1Crowd, others invest in rural health-tech startup Karma Healthcare]( [Fireside Ventures marks final close of debut fund at $52 mn]( [Dabur's Amit Burman leads investment in raw meat e-tailer Zappfresh]( [pi Ventures leads pre-Series A round in B2B startup Customer Success Box]( [Exclusive: Sixth Sense Ventures' 2nd local fund closes debut deal]( m&a [India's insolvency challenge: Is a resolution in sight?]( [Tata Steel named selected bidder to acquire Bhushan Steel]( [Zensar to acquire insurance IT firm Cynosure]( [OYO makes first acquisition, buys service apartment firm]( [Dubai-based Phoenix Group to invest in rose exporter Karuturi's Kenyan biz]( [Balrampur Chini Mills buys into NBFC led by Enam's Akash Bhansali]( [Energy Efficiency Services unit buys UK-based Edina for $76 mn]( [Exclusive: Two suitors emerge for L&T's Halol-Shamlaji highway]( [DP World, NIIF JV to acquire PE-backed Continental Warehousing]( [UltraTech inks $1.1 bn pact with Binani Cement's parent challenging Dalmia bid]( Markets [Union Bank shares slump to 11-year low on fraud complaint]( [State-run Midhani's IPO sails through; ICICI Securities' public issue covered 36%]( [Sensex, Nifty post lowest close since October on global trade war concerns]( [Global sentiments spook markets, as political storm over data breach explodes]( [Exclusive: Mrs. Bector's revives IPO plan, PE investor eyes part-exit]( [Exclusive: PE-backed microlender Spandana Sphoorty picks bankers for IPO]( [Bharat Dynamics slumps 16% on trading debut after $148 mn IPO]( [National Stock Exchange valued at $6.5 bn as IFCI pares stake]( [Sandhar Tech's IPO covered 6 times; Midhani issue booked one-fourth on first day]( [LIC helps Hindustan Aeronautics IPO hit finish line; Sandhar issue covered 40%]( [Bandhan Bank's IPO subscribed nearly 15 times after strong turnout on final day]( [Exclusive: IFC-backed electrical products maker Polycab picks bankers for IPO]( q&a [AI-driven platform is Adobe's next major chapter: India MD Shanmugh Natarajan]( [Worrying that Indian money isn't funding Series C and beyond: Kris Gopalakrishnan]( [CureFit revenue doubling every six months, monthly run rate $1 mn: Mukesh Bansal]( [India is a bright spot among emerging markets: Blackstone's Amit Dixit]( Analysis [Is startup funding in India really on the road to revival?]( People [Abraaj managing partner Sev Vettivetpillai to leave]( [Ontario Teachers' Pension Plan ropes in Khazanah exec as head of Asia-Pacific]( [Walmart India appoints KFC executive as strategy head]( [Vodafone India, Idea name team to lead merged biz; Balesh Sharma to be CEO]( [Seedfund co-founder Mahesh Murthy faces fresh allegations of sexual harassment]( [Zoomcar elevates VP of engineering as CTO]( [Blackstone co-founder Peter Peterson dies at 91]( [Check out the newer entrants to the billionaires' club in India]( [Exclusive: Top executive of realty PE firm Rising Straits quits]( FROM techcircle [Zomato hits $100 mn annual revenue run rate, says CEO Deepinder Goyal]( [Naspers eyes $10 bn from 2% Tencent share sale; may invest in OLX, Swiggy, PayU]( [Will this SaaS startup's 'shop while you stream' strategy be a game changer?]( [E-tailer Shopclues lays off 52 employees]( [Will Flipkart's latest discount sharing move shake up e-commerce?]( [A crowdfunding platform is using AI to change how it raises money]( [Blockchain-based trading platform TrakInvest raises $30 mn through ICO]( [Seed money was enough for this startup to break even, build a sustainable B2B biz]( [This startup adds voice assistance to your online shopping experience]( VCC TV [Are high valuations deterring global funds from investing in India?]( [How much wealth top Indian billionaires really own?]( [Why general partners of PE/VC funds should diversify asset allocation]( OPINION [Privatisation of state-owned banks is not a solution to the bad loans mess]( [M&A insurance speeds up deal negotiations, cheapens dispute resolution]( others [KKR, Carlyle eye Pepe Jeans India; Essar Steel lenders to decide on fresh bidders]( [Edelweiss, Hero Future eye AMPL Cleantech; Aavishkaar-Intellecap may raise $75 mn]( [IHH Healthcare seeks control of Medanta; HDFC, Baring eye Can Fin Homes]( [Sequoia may cut size of 6th India fund; Elliott eyes Fortis]( VCCircle Upcoming Events Events Title Date City [News Corp TechCircle LIVE 2017]( May 3-4 Bengaluru Early bird discounts and Group concession fees available. For details and registration please write to register@vccircle.com or Call. 0120-4171111 For sponsorship, write to: sponsorship@vccircle.com or Call. 0120-4171111 VCCircle Training - Upcoming Programmes Training Title Date City [Masterclass on Business Valuation with Aswath Damodaran]( Apr 19-20 Mumbai Early bird discounts and Group concession fees available. For details and registration please write to training@vccircle.com or Call. 0120-4171111 [Vccedge]( Accurate and Comprehensive Private Equity, Venture Capital and M&A Deal data at your fingertips Call: Vijay Prakash Rai @ 09987526393 & 0120-4171111 Email: sales@vccedge.com [vccircle]( Mosaic Media Ventures Pvt. Ltd. A - 83, Ground Floor, Sector - 2 Noida - 201301, India Tel: 0120-4171111, Email: subscription@vccircle.com Mosaic Media Ventures Pvt Ltd, A-83, Sector -2, Noida, 201301 India [SafeUnsubscribe™ {EMAIL}]( [Forward email]( | [Update Profile]( | [About our service provider]( Sent by newsletter@vccircle.net in collaboration with [Constant Contact]( [Try it free today](