Everstone, IFU clock exits; Sixth Sense Ventures makes a comeback

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyMy8xMS9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDIzLTExLTA5Lmh0bWw=/654ce708f7199e7f2d01a0be-20231109) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/654ce708f7199e7f2d01a0be-20231109) Thursday, 9 Nov 2023 =/2/aHR0cHM6Ly90aGVwaXRjaC52Y2NpcmNsZS5jb20v/654ce708f7199e7f2d01a0be-20231109 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V2ZXJzdG9uZWV4dGVuZHMtbW9uZXRpemF0aW9uLXNwcmVlLXdpdGgtZXhpdC1mcm9tLW5lYXJseS1kZWNhZGUtb2xkLWl0LWJldA==/654ce708f7199e7f2d01a0be-20231109 Private Equity [Everstone extends monetization spree with exit from nearly decade-old IT bet](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V2ZXJzdG9uZWV4dGVuZHMtbW9uZXRpemF0aW9uLXNwcmVlLXdpdGgtZXhpdC1mcm9tLW5lYXJseS1kZWNhZGUtb2xkLWl0LWJldA==/654ce708f7199e7f2d01a0be-20231109) India-focused private equity firm Everstone Capital has scored an exit from an information technology services company it backed nearly a decade...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V2ZXJzdG9uZWV4dGVuZHMtbW9uZXRpemF0aW9uLXNwcmVlLXdpdGgtZXhpdC1mcm9tLW5lYXJseS1kZWNhZGUtb2xkLWl0LWJldA==/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- Venture Capital [Sixth Sense Ventures back in cap table of old portfolio firm with paper haircut](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpeHRoc2Vuc2UtdmVudHVyZXMtYmFjay1pbi1jYXAtdGFibGUtb2Ytb2xkLXBvcnRmb2xpby1maXJtLXdpdGgtcGFwZXItaGFpcmN1dA==/654ce708f7199e7f2d01a0be-20231109) Sixth Sense Ventures, a consumer sector-oriented venture capital firm run by Nikhil Vora, has come back as an investor in a company it exited a few ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NpeHRoc2Vuc2UtdmVudHVyZXMtYmFjay1pbi1jYXAtdGFibGUtb2Ytb2xkLXBvcnRmb2xpby1maXJtLXdpdGgtcGFwZXItaGFpcmN1dA==/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- Analysis [Spotlight: PE-backed Vastu Housing grows loan book, retains focus on asset quality](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodHBlLWJhY2tlZC12YXN0dS1ob3VzaW5nLWdyb3dzLWxvYW4tYm9vay1yZXRhaW5zLWZvY3VzLW9uLWFzc2V0LXF1YWxpdHk=/654ce708f7199e7f2d01a0be-20231109) Vastu Housing Finance Corp, a mortgage lender controlled by private equity firm Multiples PE, plans to increase its product offerings over the ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodHBlLWJhY2tlZC12YXN0dS1ob3VzaW5nLWdyb3dzLWxvYW4tYm9vay1yZXRhaW5zLWZvY3VzLW9uLWFzc2V0LXF1YWxpdHk=/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Rlbm1hcmtzLWlmdS1zaWducy1vZmYtZnJvbS1zaXgteWVhci1vbGQtaW5kaWEtYWdyaS10ZWNoLWJldA==/654ce708f7199e7f2d01a0be-20231109 Venture Capital [Denmark’s IFU signs off from six-year-old India agri-tech bet](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Rlbm1hcmtzLWlmdS1zaWducy1vZmYtZnJvbS1zaXgteWVhci1vbGQtaW5kaWEtYWdyaS10ZWNoLWJldA==/654ce708f7199e7f2d01a0be-20231109) The Investment Fund for Developing Countries (IFU), the Danish development finance institution, has made an exit from a six-year-old bet from its ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Rlbm1hcmtzLWlmdS1zaWducy1vZmYtZnJvbS1zaXgteWVhci1vbGQtaW5kaWEtYWdyaS10ZWNoLWJldA==/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- M&A [Rainmatter-backed Game Theory snaps up Matchday](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JhaW5tYXR0ZXJiYWNrZWQtZ2FtZS10aGVvcnktc25hcHMtdXAtbWF0Y2hkYXk=/654ce708f7199e7f2d01a0be-20231109) Sportstech startup Game Theory, which raised $2 million (Rs 16.6 crore) in a pre-Series A funding round led by Nithin Kamath’s Rainmatter Capital ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JhaW5tYXR0ZXJiYWNrZWQtZ2FtZS10aGVvcnktc25hcHMtdXAtbWF0Y2hkYXk=/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- Venture Capital [Bharat Housing Network, three others raise early-stage funding](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Vhcmx5c3RhZ2Utc3RhcnR1cHMtbmF0Y2gtby1iZS1jb2NrdGFpbHMtcmFpc2UtZnVuZGluZw==/654ce708f7199e7f2d01a0be-20231109) Proptech startup Bharat Housing Network, design platform Snaptrude and consumer brands Natch and O' Be Cocktails have secured early-stage funding...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Vhcmx5c3RhZ2Utc3RhcnR1cHMtbmF0Y2gtby1iZS1jb2NrdGFpbHMtcmFpc2UtZnVuZGluZw==/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcmJhY2tlZC1pbmNyZWQtZmluYW5jZS1yYWlzZXMtZnJlc2gtY2FwaXRhbC1hcy12YWx1YXRpb24tdG9wcy0xLWJu/654ce708f7199e7f2d01a0be-20231109 Private Equity [KKR-backed InCred Finance raises fresh capital as valuation tops $1 bn](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcmJhY2tlZC1pbmNyZWQtZmluYW5jZS1yYWlzZXMtZnJlc2gtY2FwaXRhbC1hcy12YWx1YXRpb24tdG9wcy0xLWJu/654ce708f7199e7f2d01a0be-20231109) InCred Finance, the lending arm of financial services provider InCred Group, said Thursday it has raised Rs 500 crore ($60 million) in its Series D ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcmJhY2tlZC1pbmNyZWQtZmluYW5jZS1yYWlzZXMtZnJlc2gtY2FwaXRhbC1hcy12YWx1YXRpb24tdG9wcy0xLWJu/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- Others [Grapevine: Swiggy shortlists bankers for IPO; Tata weighs sale of Voltas home appliance biz](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXN3aWdneS1zaG9ydGxpc3RzLWJhbmtlcnMtZm9yLWlwby10YXRhLXdlaWdocy1zYWxlLW9mLXZvbHRhcy1ob21lLWFwcGxpYW5jZS1iaXo=/654ce708f7199e7f2d01a0be-20231109) SoftBank-backed food delivery platform Swiggy has likely shortlisted seven investment banks to prepare for its initial public offering that it may...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXN3aWdneS1zaG9ydGxpc3RzLWJhbmtlcnMtZm9yLWlwby10YXRhLXdlaWdocy1zYWxlLW9mLXZvbHRhcy1ob21lLWFwcGxpYW5jZS1iaXo=/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- Markets [TPG-backed Tata Technologies in talks with US funds for IPO investments](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ2JhY2tlZC10YXRhLXRlY2hub2xvZ2llcy1pbi10YWxrcy13aXRoLXVzLWZ1bmRzLWZvci1pcG8taW52ZXN0bWVudHM=/654ce708f7199e7f2d01a0be-20231109) India's Tata Technologies is in talks with Morgan Stanley Investment Management, Blackrock and some US hedge funds to invest in its initial public...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ2JhY2tlZC10YXRhLXRlY2hub2xvZ2llcy1pbi10YWxrcy13aXRoLXVzLWZ1bmRzLWZvci1pcG8taW52ZXN0bWVudHM=/654ce708f7199e7f2d01a0be-20231109) --------------------------------------------------------------- Investment Banking [Global dealmaking lull storing pent-up demand, say investment bankers](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dsb2JhbGRlYWxtYWtpbmctbHVsbC1zdG9yaW5nLXBlbnQtdXAtZGVtYW5kLXNheS1pbnZlc3RtZW50LWJhbmtlcnM=/654ce708f7199e7f2d01a0be-20231109) Some of the world's top investment bankers said on Wednesday that a drop in corporate dealmaking in 2023 sets the stage for a pick-up in activity ...... 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