IMCD wrapping up $640-mn deal; OfBusiness in talks with PEs, SWFs; Check out all the action at VCCircle's The Pitch

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyMy8xMi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDIzLTEyLTA2Lmh0bWw=/657084d893c453ed247f42d1-20231206) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/657084d893c453ed247f42d1-20231206) Wednesday, 6 Dec 2023 =/2/aHR0cHM6Ly96ZnJtei5jb20vTE1HeHdRVDdFNDNEb1pmTXBnNXk=/657084d893c453ed247f42d1-20231206 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V4Y2x1c2l2ZWR1dGNoLWNoZW1pY2Fscy1tYWpvci1pbWNkLXNldC10by13cmFwLXVwLTY0MC1tbi1pbmRpYS1tLWEtZGVhbA==/657084d893c453ed247f42d1-20231206 M&A [Exclusive: Dutch chemicals major IMCD set to wrap up $640 mn India M&A deal](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V4Y2x1c2l2ZWR1dGNoLWNoZW1pY2Fscy1tYWpvci1pbWNkLXNldC10by13cmFwLXVwLTY0MC1tbi1pbmRpYS1tLWEtZGVhbA==/657084d893c453ed247f42d1-20231206) The Netherlands-based IMCD NV, which sells specialty chemicals and food and pharmaceutical ingredients worldwide, is taking full control of an Indian ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V4Y2x1c2l2ZWR1dGNoLWNoZW1pY2Fscy1tYWpvci1pbWNkLXNldC10by13cmFwLXVwLTY0MC1tbi1pbmRpYS1tLWEtZGVhbA==/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- Private Equity [KKR elevates Prashant Kumar to partner, two Mumbai execs as MDs](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcmVsZXZhdGVzLXByYXNoYW50LWt1bWFyLXRvLXBhcnRuZXItdHdvLW11bWJhaS1leGVjcy1hcy1tZHM=/657084d893c453ed247f42d1-20231206) Private equity firm KKR has promoted Prashant Kumar to partner from managing director, months after transferring him from Mumbai to Singapore to lead ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcmVsZXZhdGVzLXByYXNoYW50LWt1bWFyLXRvLXBhcnRuZXItdHdvLW11bWJhaS1leGVjcy1hcy1tZHM=/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- Private Equity [B2B unicorn OfBusiness hits the road to raise funds in pre-IPO round](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2IyYnVuaWNvcm4tb2ZidXNpbmVzcy1oaXRzLXRoZS1yb2FkLXRvLXJhaXNlLWZ1bmRzLWluLXByZS1pcG8tcm91bmQ=/657084d893c453ed247f42d1-20231206) Business-to-business e-commerce unicorn OfBusiness is in early stages of discussion with multiple investors – both domestic and sovereign wealth ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2IyYnVuaWNvcm4tb2ZidXNpbmVzcy1oaXRzLXRoZS1yb2FkLXRvLXJhaXNlLWZ1bmRzLWluLXByZS1pcG8tcm91bmQ=/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NpdGl1c3RlY2hwaHlzaWNzd2FsbGFoLW94eXpvLXplcm9kaGEtYW1vbmctd2lubmVycy1vZi12Y2NpcmNsZS1kaXNydXB0b3JzLWF3YXJkcy0yMDIz/657084d893c453ed247f42d1-20231206 Startups [CitiusTech, Physicswallah, OxyZo, Zerodha among winners of VCCircle Disruptors Awards 2023](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NpdGl1c3RlY2hwaHlzaWNzd2FsbGFoLW94eXpvLXplcm9kaGEtYW1vbmctd2lubmVycy1vZi12Y2NpcmNsZS1kaXNydXB0b3JzLWF3YXJkcy0yMDIz/657084d893c453ed247f42d1-20231206) Electric scooter company Ather Energy, healthtech venture CitiusTech, edtech company Physicswallah, foodtech company Biryani By Kilo and online stock ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NpdGl1c3RlY2hwaHlzaWNzd2FsbGFoLW94eXpvLXplcm9kaGEtYW1vbmctd2lubmVycy1vZi12Y2NpcmNsZS1kaXNydXB0b3JzLWF3YXJkcy0yMDIz/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- Startups [Founders weigh in on relations with investors at VCCircle’s The Pitch](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZvdW5kZXJzd2VpZ2gtaW4tb24tcmVsYXRpb25zLXdpdGgtaW52ZXN0b3JzLWF0LXZjY2lyY2xlLXMtdGhlLXBpdGNoLQ==/657084d893c453ed247f42d1-20231206) Transparency, trust and vision alignment are a must for a successful relationship between investors and founders, said co-founders and investors at ...... 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[Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N0YXJ0dXBmb3VuZGVycy1zaWZ0LXRocm91Z2gtY2hhbGxlbmdlcy10by1ib29zdC1pbm5vdmF0aW9uLWF0LXZjY2lyY2xlLXMtdGhlLXBpdGNo/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FhdmlzaGthYXJncm91cC1zLW1zbWUtbGVuZGVyLWFzaHYtZmluYW5jZS1iYWdzLTEwLW1uLWluLXNlcmllcy1lLXJvdW5k/657084d893c453ed247f42d1-20231206 Venture Capital [Aavishkaar Group's MSME lender Ashv Finance bags $10 mn in Series E round](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FhdmlzaGthYXJncm91cC1zLW1zbWUtbGVuZGVyLWFzaHYtZmluYW5jZS1iYWdzLTEwLW1uLWluLXNlcmllcy1lLXJvdW5k/657084d893c453ed247f42d1-20231206) Non-banking lender Ashv Finance (erstwhile Jain Sons Finlease) has raised $10 million in a Series E round, from New York-based private equity firm ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FhdmlzaGthYXJncm91cC1zLW1zbWUtbGVuZGVyLWFzaHYtZmluYW5jZS1iYWdzLTEwLW1uLWluLXNlcmllcy1lLXJvdW5k/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- M&A [Nexus Ventures, Sanjay Nayar-backed Uniqus buys ESG tech platform](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25leHVzdmVudHVyZXMtc2FuamF5LW5heWFyLWJhY2tlZC11bmlxdXMtYnV5cy1lc2ctdGVjaC1wbGF0Zm9ybQ==/657084d893c453ed247f42d1-20231206) Uniqus Consultech Inc., an environmental, social, and governance (ESG) consulting firm backed by former KKR India head Sanjay Nayar, said Wednesday ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25leHVzdmVudHVyZXMtc2FuamF5LW5heWFyLWJhY2tlZC11bmlxdXMtYnV5cy1lc2ctdGVjaC1wbGF0Zm9ybQ==/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- Startups [Ola Electric slashes sales targets, delays profit goal ahead of planned IPO](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29sYWVsZWN0cmljLXNsYXNoZXMtc2FsZXMtdGFyZ2V0cy1kZWxheXMtcHJvZml0LWdvYWwtYWhlYWQtb2YtcGxhbm5lZC1pcG8=/657084d893c453ed247f42d1-20231206) India's Ola Electric has slashed its sales goals for 2023-2025 by more than half and delayed its target of achieving profits by a year, after ...... 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[Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NlbnNleG5pZnR5LXJpc2UtdG8tZnJlc2gtcmVjb3JkLWhpZ2hzLWZvci10aGlyZC1zdHJhaWdodC1kYXk=/657084d893c453ed247f42d1-20231206) --------------------------------------------------------------- General [Grapevine: Manipal Tech looking to dilute minority stake; two VC-backed startups shut shop](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZW1hbmlwYWwtdGVjaC1sb29raW5nLXRvLWRpbHV0ZS1taW5vcml0eS1zdGFrZS10d28tc3RhcnR1cHMtc2h1dC1zaG9w/657084d893c453ed247f42d1-20231206) Ranjan Pai-led Manipal Group’s arm Manipal Technologies is set to raise funding by bringing in a new financial partner into the family-owned ...... 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