Warburg Pincus clocks an exit, shuffles Asia PE teams; Doubtnut sold for a song; Q&A with Stakeboat's Kandasamy

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[Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtbmFtZXMtaW5kaWEtaGVhZC1tYWhhZGV2aWEtYXMtYXNpYS1wZS1jaGllZi1pbi1sZWFkZXJzaGlwLW92ZXJoYXVs/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- Private Equity [Warburg Pincus wraps up over $600 mn India exit](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtd3JhcHMtdXAtb3Zlci02MDAtbW4taW5kaWEtZXhpdA==/656def6e93c453ed24d698e7-20231204) US private equity giant Warburg Pincus, which made a change in top management for its India business on Monday, has struck yet another exit move ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtd3JhcHMtdXAtb3Zlci02MDAtbW4taW5kaWEtZXhpdA==/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- M&A [Tencent, SIG, Omidyar, WaterBridge-backed Doubtnut goes for a song](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RlbmNlbnRzaWctb21pZHlhci13YXRlcmJyaWRnZS1iYWNrZWQtZG91YnRudXQtZ29lcy1mb3ItYS1zb25n/656def6e93c453ed24d698e7-20231204) Doubtnut, one of several ed-tech startups that raised millions of dollars in equity capital from marquee investors when demand for online learning ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RlbmNlbnRzaWctb21pZHlhci13YXRlcmJyaWRnZS1iYWNrZWQtZG91YnRudXQtZ29lcy1mb3ItYS1zb25n/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGhvdy1pbmNyZWQtZmluYW5jZS1mYXJlZC1pbi1maXJzdC15ZWFyLWFmdGVyLW1lcmdlci13aXRoLWtrci1zLW5iZmM=/656def6e93c453ed24d698e7-20231204 Finance [Spotlight: How InCred Finance fared in first year after merger with KKR’s NBFC](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGhvdy1pbmNyZWQtZmluYW5jZS1mYXJlZC1pbi1maXJzdC15ZWFyLWFmdGVyLW1lcmdlci13aXRoLWtrci1zLW5iZmM=/656def6e93c453ed24d698e7-20231204) Last month, non-bank lender InCred Financial Services Ltd said it raised Rs 500 crore ($60 million) at a valuation of $1 billion—making it only the ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGhvdy1pbmNyZWQtZmluYW5jZS1mYXJlZC1pbi1maXJzdC15ZWFyLWFmdGVyLW1lcmdlci13aXRoLWtrci1zLW5iZmM=/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- Venture Capital [Indian Angel Network marks first close of second fund](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlhbmFuZ2VsLW5ldHdvcmstbWFya3MtZmlyc3QtY2xvc2Utb2Ytc2Vjb25kLWZ1bmQ=/656def6e93c453ed24d698e7-20231204) Early-stage investor Indian Angel Network (IAN) said Monday it has marked the first close of its second venture capital fund, a year after it began ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlhbmFuZ2VsLW5ldHdvcmstbWFya3MtZmlyc3QtY2xvc2Utb2Ytc2Vjb25kLWZ1bmQ=/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- M&A [RDC Concrete valuation more than doubles in two years as Infra.Market trims stake](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZnJhbWFya2V0LW9mZmxvYWRzLXBhcnRpYWwtc3Rha2UtaW4tcmRjLWNvbmNyZXRlLWFoZWFkLW9mLWlwbw==/656def6e93c453ed24d698e7-20231204) Construction material unicorn Infra.market has divested about 10% stake in acquired concrete-maker RDC Concrete, according to a statement.The company...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZnJhbWFya2V0LW9mZmxvYWRzLXBhcnRpYWwtc3Rha2UtaW4tcmRjLWNvbmNyZXRlLWFoZWFkLW9mLWlwbw==/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0YWtlYm9hdHMta2FuZGFzYW15LW9uLW5ldy1mdW5kLXN0cmF0ZWd5LWNvcmUtaW52ZXN0bWVudC1hcmVhcy1hbmQtZXhpdC10aW1pbmc=/656def6e93c453ed24d698e7-20231204 Interview [Stakeboat's Kandasamy on new fund strategy, core investment areas and exit timing](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0YWtlYm9hdHMta2FuZGFzYW15LW9uLW5ldy1mdW5kLXN0cmF0ZWd5LWNvcmUtaW52ZXN0bWVudC1hcmVhcy1hbmQtZXhpdC10aW1pbmc=/656def6e93c453ed24d698e7-20231204) Homegrown mid-market private equity investor Stakeboat Capital has been on an upward trajectory after ticking multiple right boxes in 2023.Apart from ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0YWtlYm9hdHMta2FuZGFzYW15LW9uLW5ldy1mdW5kLXN0cmF0ZWd5LWNvcmUtaW52ZXN0bWVudC1hcmVhcy1hbmQtZXhpdC10aW1pbmc=/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- Private Equity [Biryani By Kilo raises $9 mn at flat valuation](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JpcnlhbmlieS1raWxvLXJhaXNlcy05LW1uLWF0LWZsYXQtdmFsdWF0aW9u/656def6e93c453ed24d698e7-20231204) Biryani and kebab chain, Biryani By Kilo has secured around $9 million (Rs 75 crore) in a Series C round, in what could be possibly a flat round of ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JpcnlhbmlieS1raWxvLXJhaXNlcy05LW1uLWF0LWZsYXQtdmFsdWF0aW9u/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- M&A [HCL Tech to sell stake in UK joint venture to Boston’s State Street](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hjbHRlY2gtdG8tc2VsbC1zdGFrZS1pbi11ay1qb2ludC12ZW50dXJlLXRvLWJvc3Rvbi1zLXN0YXRlLXN0cmVldA==/656def6e93c453ed24d698e7-20231204) Indian IT firm HCL Technologies Ltd said Monday it has signed an initial agreement to sell its entire stake in its UK joint venture with State Street ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hjbHRlY2gtdG8tc2VsbC1zdGFrZS1pbi11ay1qb2ludC12ZW50dXJlLXRvLWJvc3Rvbi1zLXN0YXRlLXN0cmVldA==/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- Credit [Private credit fund backs ATM operator Transaction Solutions](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2F0bW9wZXJhdG9yLXRzaS1zZWN1cmVzLTI0LW1uLWluLWRlYnQtZmluYW5jaW5n/656def6e93c453ed24d698e7-20231204) Piramal Alternatives and CDPQ-backed performing credit fund have agreed to extend a ₹200 crore ($23.9 million) sum to ATM (automated teller machines...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2F0bW9wZXJhdG9yLXRzaS1zZWN1cmVzLTI0LW1uLWluLWRlYnQtZmluYW5jaW5n/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- Venture Capital [Sweets maker Scandalous Food raises early-stage funding](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3ZWV0c21ha2VyLXNjYW5kYWxvdXMtZm9vZC1yYWlzZXMtZWFybHktc3RhZ2UtZnVuZGluZw==/656def6e93c453ed24d698e7-20231204) Scandalous Food, said on Monday, that it has secured $191,923 (Rs 1.6 crore) in a pre-seed funding round from a host of investors including early-...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3ZWV0c21ha2VyLXNjYW5kYWxvdXMtZm9vZC1yYWlzZXMtZWFybHktc3RhZ2UtZnVuZGluZw==/656def6e93c453ed24d698e7-20231204) --------------------------------------------------------------- M&A [L&T Finance Holdings completes merger with subsidiaries](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2x0LWZpbmFuY2UtaG9sZGluZ3MtY29tcGxldGVzLW1lcmdlci13aXRoLXN1YnNpZGlhcmllcw==/656def6e93c453ed24d698e7-20231204) India's L&T Finance Holdings has completed the merger of three of its subsidiaries - L&T Finance, L&T Infra Credit and L&T Mutual Fund Trustee - ...... 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