Nykaa investors strike gold; Blackstone, Carlyle, GIC, Harsha Raghavan's PE firm, CapitalG ink deals; Hinduja brothers fight over family fortune

[] [VCCircle]( Saturday, 27 June, 2020 [Unlock Premium]( [twitter]( [linkedin]( [facebook]( [you tube]( private equity [The ties that bind: KKR's Henry Kravis, other investors hit bull's-eye with Nykaa]( Beauty products retailer Nykaa is turning out to be a goldmine for KKR & Co co-founder Henry Kravis and many other investors, including some that have ties with the... PRIVATE EQUITY [PE firm True North looks to diversify with new asset class]( [I Squared-backed Cube Highways' north India road deal falls apart]( [How was Singapore firm Mission Holdings' exit from Everstone-backed NBFC?]( [Xander weighs new asset class to expand India real estate portfolio]( [This lender is now Blackstone's No.2 India bet after raising fresh capital]( [RIL cuts commitments to PE, VC funds again in FY20 but adds new asset class]( [Carlyle bets on Piramal Pharma in its biggest India healthcare deal]( [Rainy day hastens sovereign wealth funds' refocus to home]( [Former Fairfax India exec's PE fund bets on Camlin Fine Sciences]( [Abu Dhabi's Mubadala plans to grow Asia portfolio after backing Jio Platforms]( [Former Fairfax India exec's PE fund backs logistics firm in third bet]( [Blackstone makes partial exit from Embassy Office Parks REIT]( Venture Capital [Impact investor Acumen fully exits nine-year-old investment]( [Tuition platform Vedantu invests in Noida-based edtech startup]( [Endiya-backed Steradian gets new investors in Series A funding round]( [How Wipro is leading the VC race with Infosys despite slow start]( [Zaggle in talks with North American firms to raise funds, let VCs exit]( [Fashion brand operator High Street Essentials raises pre-Series C funding]( [Grocery delivery startup Milkbasket bags funding led by Inflection Point Ventures]( [Podcast: Artha Venture's Damani on fund update, over-optimistic startups and more]( [VC-backed e-mobility startup Yulu bags fresh funding]( [Chiratae Ventures invests in bionics company Aether Biomedical]( [Amazon pledges $2 bn venture capital fund to invest in clean energy]( [CapitalG leads Series E funding round in Aye Finance]( [Leo Capital leads pre-Series funding for gaming firm Bombay Play]( [Sequoia India leads seed funding round in quantum computing startup Horizon]( [Matrix Partners leads Series A round for nutrition brand OZiva]( [Lightspeed, Falcon Edge lead Series A funding in enterprise AI startup Nextbillionai]( [Rakesh Jhunjhunwala, Sixth Sense Ventures invest more in nutrition brand Fast & Up]( [Info Edge fund bets on digital content startup Rusk Media]( [Fintech firm Slice raises pre-Series B funding]( [Aye Finance, NextBillion AI lead VC funding this week]( [Mary Meeker's Bond Capital bets on ed-tech major Byju's in debut India deal]( M&A [Exclusive: French utility Veolia set to buy an Indian JV partner]( [Important to build trust among employees of target firm: panellists at VCCircle event]( [Valuations falling but thinning bottom lines hobble M&As: Panellists at VCCircle summit]( [Newly cheapened assets will struggle to tempt big firms: Panellists at VCCircle event]( [Jet Airways shortlists four potential suitors for sale]( [Piramal Pharma acquires G&W Laboratories' drug manufacturing facility in US]( [Zuari Ago sells fertiliser plant to Paradeep Phosphates]( [Adani to acquire stake in Odisha Power as AES exits after two decades]( [Bharti Infratel, Indus Towers push back deadline for merger yet again]( [Frustration, fear and family: lockdowns test investment bankers]( People [Billionaire Hinduja brothers locked in dispute over family fortune]( [Trilegal co-founder Akshay Jaitly to retire from partnership]( [Abraaj founder fights US extradition request over fraud charges]( Markets [Third Indian mutual fund house gets all-clear for public market debut]( [GIC picks up stake in ICICI Prudential Life Insurance in new BFSI bet]( [SEBI eases fundraising, open offer norms for distressed companies]( [Hedge fund titan Ackman seeks $3 bn for largest-ever blank-check company]( [SEBI eases pricing norms for preferential share allotment]( [Sensex, Nifty record a second straight week of gains]( Q&A [Embassy Office Parks CEO on why coronavirus won't perturb the REIT much]( [Triodos' Aditya Mohan on investing in India and how its local portfolio may grow]( ANALYSIS [In Charts: Check out the most valued MNCs in India]( [How Edelweiss infra fund has been constantly but cautiously sniffing assets]( others [Coronavirus cases in India cross 500,000 as big cities reel from surge]( [Maharashtra puts three Chinese investment proposals on hold after border clash]( [PNB expects recoveries worth $1 bn in three months' time]( [Grapevine: Blackstone, IIFL Wealth circle L&T MF; Hindustan Zinc to sell wind assets]( [Amazon, BigBasket get approval for alcohol delivery in West Bengal]( [Why a surge in money supply in India shows greater uncertainty, not growth]( [India puts restrictions to curb sale of 'Chinese' products to govt agencies]( [IT firms to feel the pinch as Trump suspends H-1B visas]( [Grapevine: Geojit may buy Faering-backed Funds India; Blackstone to sell Embassy REIT units]( [Taiwan's Foxconn sees bright India outlook, eyes further investment]( [Govt levies charge on steel imports from China, weighs customs duty on solar gear]( [SoftBank is not 'SoftPunku', says CEO Masayoshi Son in defence of strategy]( [IMF predicts deeper global recession due to coronavirus pandemic]( [Amazon, Flipkart to consider listing of 'country of origin' label on products]( [India's auto and pharma sectors not ready to wean off China]( [Grapevine: GAIL eyes stake in IGX; Axis Bank's proposed Max Life deal under lens]( [Asset quality of housing lenders likely to worsen, warns ICRA]( [How companies, investors can navigate dealmaking in post-virus world]( VCCircle Upcoming Events Events Title Date City [VCCircle Stressed Assets Investment Summit 2020]( August 6 A Digital Event Early bird discounts and Group concession fees available. 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