True North, KKR, Baring Asia in PE news; Busy week for IPO market; MPL, ShareChat get funding; How a SEBI move can impact AIF industry

[] [VCCircle]( Saturday, 26 September, 2020 [Unlock Premium]( [twitter]( [linkedin]( [facebook]( [you tube]( PRIVATE EQUITY [Exclusive: True North looks to back former Biocon execs' drug research firm]( Homegrown private equity firm True North is in advanced negotiations to pick up a stake in a pharmaceutical research and drug discovery company, two people with knowledge... PRIVATE EQUITY [Temasek deploys $1 bn in India as COVID-19 accelerates digital trend]( [Baring PE Asia ups take-private offer for Indian firm in biggest local bet]( [PE firm Creador carves out a part of Asia fund for India]( [Dickey Consulting rolls out maiden stressed asset fund]( [Consumer electronics firm boAt sounds out PE firms for big cheque]( [Carlyle's open offer for SeQuent Scientific fizzles out as shares soar]( [I Squared-backed Cube Highways wraps up road asset deal with HCC]( [Ramkrishna Forgings to raise fresh capital from existing investor]( [Ontario Teachers' opens new office to invest in India, other markets]( [KKR to invest $755 mn in Reliance Retail Ventures]( Venture Capital [Food firm Happilo in talks with West Asian fund, others for first institutional funding]( [How SEBI's guidance to an angel fund can impact entire AIF industry]( [SAIF's head above water but Kalaari not so lucky in coming exits from Industrybuying]( [FidelisWorld, Times Group & Sixth Sense-backed gaming firm Smaaash shutting shop]( [Chiratae leads seed funding in healthcare startup WeInnovate Biosolutions]( [Top Reliance, Mahindra execs back insurance-tech startup i3 Systems]( [Mobile Premier League, ShareChat top tech startups to get VC funding this week]( [Amicus Capital leads Series B funding for personal care startup mCaffeine]( [Lightspeed, AV8 Ventures lead seed funding for TechStars' media production startup]( [Facebook co-founder, others invest in fast-fashion brand Hopscotch]( [Exclusive: Cricket-focussed sports coaching venture RKade pulls in seed funding]( [Twitter-backed ShareChat nets $40 mn to boost short video platform Moj]( [Symphony Asia, others bring bling for e-jeweller Melorra]( [Device-assistance platform Servify closes Series C funding round]( [Venture Catalysts leads funding for marketing platform ClanConnect.ai]( [Bharti Airtel picks up stake in cloud telephony-focussed AI platform Waybeo]( [Kerala-based BestDoc raises pre-Series A capital from Accel, others]( [Chicago-based Creation Investments leads funding for Vivriti Capital]( [Times Internet-backed Classplus secures $10 mn in fresh funding]( [After-sales services firm Onsitego raises funding from IFC in extended Series B round]( [Business process automation startup Precily gets seed funding]( [US trading firm Susquehanna, RTP Global lead funding for Mobile Premier League]( [Conversational AI startup GenieTalk pulls in angel funding]( M&A [JM Financial ARC's wait to recover money from bankrupt textile firm gets longer]( [The Chatterjee Group gets closer to weaving a revival for once-iconic textile firm]( [Chennai developer Casagrand's promoters formally part ways]( [Two Japanese firms acquire majority stake in Bharat Insecticides]( [Religare in talks with broking, fintech firms to sell lending unit]( [Supreme Facility Management takes control of engineering firm]( [Carlyle-backed SeQuent Scientific to take full control of Turkish unit]( [Manjushree Technopack strikes second takeover deal under Advent]( [BPCL sale may be delayed until next fiscal year, worsening federal deficit woes]( [India's newest unicorn Unacademy revs up animal spirits with another purchase]( [GMR Infrastructure to sell stake in Kakinada SEZ for $354 mn]( [How a marked-up term sheet and messy rollout threw TikTok deal into disarray]( [Grapevine: Reliance in race to buy British retailer Debenhams]( [M&M bumps up stake in Sampo to take control of Finnish harvester maker]( [IIFL Securities raises stake in stock analytics platform Trendlyne]( [Tech Mahindra sells stake in US telecom software firm at a profit]( [Credit Suisse, UBS held tie-up talks backed by both chairmen: Report]( [HCL Technologies to acquire Australian IT firm DWS]( [Hindujas' firm to offload about half of its holding in US chemical giant]( People [Bengaluru real estate developer Ozone Group to bring on board new CEO]( Markets [Equitas Small Finance Bank cuts IPO size after SEBI breather]( [Warship maker Mazagon Dock targets nearly $400 mn valuation in IPO]( [IFC-backed Angel Broking's IPO covered four times but HNIs give it a miss]( [Govt's secondary listing plan would be undue burden: Paytm's Deora]( [IPO rush: CAMS and Chemcon get heavy response, Angel Broking fully covered]( [NSE, Singapore's SGX end arbitration, finalise derivatives tie-up]( [Route Mobile follows Happiest Minds, gains 86% on listing day]( VCCircle FinServ Summit 2020 [Normalcy in 9-12 months if helicopter money rains from above: Kotak's Dipak Gupta]( [NBFCs need more funding options to boost credit growth: Panellists at VCCircle summit]( [Fintech picking up pace as online transactions soar: Panellists at VCCircle summit]( [How coronavirus pandemic led to shifts in delivering financial services digitally]( Q&A [Valuations down 15-20% across the board: Alvarez & Marsal MD]( ANALYSIS [Value Lens: UTI AMC seeks conservative valuation in IPO amid market volatility]( [Consumer firms scarred in June quarter as shoppers swerve most in pandemic]( others [Harley nears deal with Hero MotoCorp after stopping local manufacturing]( [Vodafone wins international arbitration against India in $2 bn tax dispute]( [Grapevine: RIL eyes Electronics Mart; IDFC First, others to sell Suryoday stake]( [IFC adopts new climate rules to deter lenders from backing coal]( [Govt extends suspension of bankruptcy filings]( [Businesses cheer, unions fear contentious labour reforms]( [Harley-Davidson exits India, books fresh restructuring costs]( [Grapevine: Brookfield, SBI, HDFC to jointly set up asset reconstruction firm]( [Dairy firm Kwality under investigation for alleged $190 mn fraud]( [Grapevine: Petronas eyes stake in Tata Power units; Piramal glass biz draws more suitors]( [Time to separate with Tatas: Shapoorji Pallonji Group]( [Grapevine: Ex-Cognizant CEO raising PE fund in America; Acme Solar to sell projects]( ['FinCEN' documents reportedly show banks moved illicit funds: Reports]( VCCircle Upcoming Events Events Title 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