Convergent, Temasek clock exits; OTTP makes a new bet

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[Vccircle](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/653bd98a7f9199e316507803-20231027) Friday, 27 Oct 2023 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-20231027 [alt_text] Private Equity [Harsha Raghavan’s Convergent scores best returns yet from third PE exit](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/653bd98a7f9199e316507803-20231027) Convergent Finance, a private equity firm floated by former Fairfax India executive Harsha Raghavan, has struck what is its third known liquidity ...… [Read more](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/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- Private Equity [Canadian pension fund OTPP investing in Indian logistics company](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/653bd98a7f9199e316507803-20231027) Canadian pension fund manager Ontario Teachers’ Pension Plan (OTPP), which has rapidly stepped up its investments into Indian companies in the past ...… [Read more](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/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- Startups [Tencent-backed Practo narrows losses in FY23, aims to accelerate revenue growth](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-20231027) Tencent-backed digital healthcare platform Practo, one of the earliest entrants in the country’s health-tech sector, is looking to grow its revenue ...… [Read more](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-20231027) --------------------------------------------------------------- [alt_text] Private Equity [Temasek clocks partial exit from India portfolio amid hectic dealmaking](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/653bd98a7f9199e316507803-20231027) Singapore state investment firm Temasek has made a partial exit from an Indian company, marking at least its second liquidity move from its local ...… [Read more](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/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- PE/VC [Deals Digest: Big-ticket transaction lifts funding value this week but volumes fall](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/653bd98a7f9199e316507803-20231027) Funding activity continued its gradual uptick this week buoyed by a big-ticket transaction and a bunch of mid-sized deals. Overall funding activity ...… [Read more](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/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- Interview [WellX co-founder Kashyap on attracting VCs amid funding winter, growth roadmap and more](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/653bd98a7f9199e316507803-20231027) The UAE-based insurtech platform WellX raised $2 million in seed funding in July from marquee Middle Eastern investors such as the Dubai Future ...… [Read more](/0/dHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29t/eyJ1c2VyX2lkIjo0MDcwLCJndWlkIjoia25hcmwxNDIwNjE1MTFmMTYwYzAwczJla2hURUNITU9TQUlDIiwic2VuZGVyIjoibmV3c2xldHRlckB2Y2NpcmNsZS5jbyIsImNsaWVudF9kbHJfb24iOjgsImNhbGxpbmdfdXJsIjoiIiwibXNnX3JlcV9zb3VyY2UiOiJwYW5lbCIsInZmX3JlY2VpdmVkX2RhdGUiOiIyMDIzLTEwLTI3IDIxOjE0OjIwIiwiY2FsbGluZ191cmxfbWV0aG9kIjoiUE9TVCIsImNsaWVudF9zZXEiOiI2NTNiZDk4YTdmOTE5OWUzMTY1MDc4MDMtMjAyMzEwMjciLCJ1c2VkX2JhbGFuY2UiOjAuMDA1LCJzZXF1ZW5jZV9pZCI6IjY1M2JkOThhN2Y5MTk5ZTMxNjUwNzgwMy0yMDIzMTAyNyJ9/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dlbGx4Y28tZm91bmRlci1rYXNoeWFwLW9uLWF0dHJhY3RpbmctdmNzLWFtaWQtZnVuZGluZy13aW50ZXItZ3Jvd3RoLXJvYWRtYXAtYW5kLW1vcmU=/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- [alt_text] Venture Capital [Indifi, ApnaKlub backer Flourish Ventures gets $350 mn more for fintech bets](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/653bd98a7f9199e316507803-20231027) Flourish Ventures, which counts Indian fintech startups Indifi and ApnaKlub in its portfolio, has secured a new commitment of $350 million for its ...… [Read more](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/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- Startups [Temasek-backed OneCard spent around Rs 2 to earn one rupee from operations in FY23](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/653bd98a7f9199e316507803-20231027) Temasek-backed credit card startup OneCard saw its loss widen in the financial year through March 2023, despite an impressive jump in its revenue from...… [Read more](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/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- Startups [WestBridge-backed Adda247 doubles revenue in FY23, eyes IPO in 2-3 yrs](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-20231027) Edtech startup Adda247 on Friday said it has more than doubled its revenue in the financial year that ended March 2023 as compared to the fiscal ...… [Read more](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-20231027) --------------------------------------------------------------- People [Blackstone exec and Wall Street strategist Byron Wien dies at 90](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/653bd98a7f9199e316507803-20231027) Byron Wien, who guided investors on what to buy and sell and authored a widely anticipated yearly list of "10 Surprises" as one of Wall Street's ...… [Read 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business](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/653bd98a7f9199e316507803-20231027) Tata Group is set to start assembling Apple iPhones in India after Wistron Corp approved the sale of its Indian manufacturing unit to the salt-to-...… [Read 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funding](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/653bd98a7f9199e316507803-20231027) Rajiv Rattan, who co-founded Indiabulls, has bought the 50% stake it didn't already own in RattanIndia Finance from its joint venture partner Lone...… [Read 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market](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/653bd98a7f9199e316507803-20231027) Global hedge funds are making a beeline to set up shop in India, a market long-shunned by international investors, tempted both by its growing depth ...… [Read more](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/653bd98a7f9199e316507803-20231027) --------------------------------------------------------------- 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