Warburg Pincus scripting $900-mn exit; Peek at Info Edge's portfolio; ChrysCap, Lightspeed make tech bets

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyMy8xMi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDIzLTEyLTA3Lmh0bWw=/6571d3fe93c453ed2473bcce-20231207) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/6571d3fe93c453ed2473bcce-20231207) Thursday, 7 Dec 2023 =/2/aHR0cHM6Ly96ZnJtei5jb20vTE1HeHdRVDdFNDNEb1pmTXBnNXk=/6571d3fe93c453ed2473bcce-20231207 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtc2NyaXB0aW5nLW5lYXItOTAwLW1uLWV4aXQtbW92ZS1pbi1pbmRpYQ==/6571d3fe93c453ed2473bcce-20231207 Private Equity [Warburg Pincus scripts near-$900 mn exit move in India](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtc2NyaXB0aW5nLW5lYXItOTAwLW1uLWV4aXQtbW92ZS1pbi1pbmRpYQ==/6571d3fe93c453ed2473bcce-20231207) US private equity giant Warburg Pincus, which made a change in top management for its India business and wrapped up a $600 million exit earlier this ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtc2NyaXB0aW5nLW5lYXItOTAwLW1uLWV4aXQtbW92ZS1pbi1pbmRpYQ==/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- M&A [Infra.Market may have to rework the math of over $70 mn acquisition](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZnJhbWFya2V0LW1heS1oYXZlLXRvLXJld29yay10aGUtbWF0aC1vZi1vdmVyLTcwLW1uLWFjcXVpc2l0aW9u/6571d3fe93c453ed2473bcce-20231207) Business-to-business construction material marketplace Infra.Market has increased its stake in a local manufacturing company but shelled out more ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZnJhbWFya2V0LW1heS1oYXZlLXRvLXJld29yay10aGUtbWF0aC1vZi1vdmVyLTcwLW1uLWFjcXVpc2l0aW9u/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- Private Equity [ChrysCapital acquires majority stake in ProHance in maiden SaaS bet](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NocnlzY2FwaXRhbGFjcXVpcmVzLW1ham9yaXR5LXN0YWtlLWluLXByb2hhbmNlLWluLW1haWRlbi1zYWFzLWJldA==/6571d3fe93c453ed2473bcce-20231207) Indian private equity firm ChrysCapital said Thursday it has acquired a 75% stake in ProHance Analytics, marking its first investment in a software-as...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2NocnlzY2FwaXRhbGFjcXVpcmVzLW1ham9yaXR5LXN0YWtlLWluLXByb2hhbmNlLWluLW1haWRlbi1zYWFzLWJldA==/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd3pvbWF0by1iYWNrZXItaW5mby1lZGdlLXMtc3RhcnR1cC1iZXRzLWFyZS1zaGFwaW5nLXVw/6571d3fe93c453ed2473bcce-20231207 Startups [How Zomato backer Info Edge's startup bets are shaping up](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd3pvbWF0by1iYWNrZXItaW5mby1lZGdlLXMtc3RhcnR1cC1iZXRzLWFyZS1zaGFwaW5nLXVw/6571d3fe93c453ed2473bcce-20231207) Entrepreneur Sanjeev Bikhchandani-led Info Edge (India) Ltd has added several new startups to its portfolio that already includes more than two dozen ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvd3pvbWF0by1iYWNrZXItaW5mby1lZGdlLXMtc3RhcnR1cC1iZXRzLWFyZS1zaGFwaW5nLXVw/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- Credit [Kotak fund bets $45 mn on agrochemical firm Cropnosys to mark third deal](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tvdGFrZnVuZC1iZXRzLTQ1LW1uLW9uLWFncm9jaGVtaWNhbC1maXJtLWNyb3Bub3N5cy10by1tYXJrLXRoaXJkLWRlYWw=/6571d3fe93c453ed2473bcce-20231207) Kotak Strategic Situations India Fund II (KSSF II), an alternative investment fund managed by Kotak Alternate Asset Managers Ltd (KAAML), said ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tvdGFrZnVuZC1iZXRzLTQ1LW1uLW9uLWFncm9jaGVtaWNhbC1maXJtLWNyb3Bub3N5cy10by1tYXJrLXRoaXJkLWRlYWw=/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- Venture Capital [Lightspeed leads Sarvam AI’s $41 mn Series A round](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0c3BlZWRsZWFkcy1zYXJ2YW0tYWktcy00MS1tbi1zZXJpZXMtYS1yb3VuZA==/6571d3fe93c453ed2473bcce-20231207) Sarvam AI, a homegrown startup in the generative artificial intelligence (GenAI) segment, said Thursday it has raised $41 million (about Rs 340 crore...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0c3BlZWRsZWFkcy1zYXJ2YW0tYWktcy00MS1tbi1zZXJpZXMtYS1yb3VuZA==/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NjaW1wbGlmaXR3by1vdGhlcnMtcmFpc2UtZWFybHktc3RhZ2UtZnVuZGluZw==/6571d3fe93c453ed2473bcce-20231207 Venture Capital [Scimplifi, two others raise early-stage funding](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NjaW1wbGlmaXR3by1vdGhlcnMtcmFpc2UtZWFybHktc3RhZ2UtZnVuZGluZw==/6571d3fe93c453ed2473bcce-20231207) Chemical manufacturing and sourcing startup Scimplifi, wastewater management platform Digital Paani and healthcare logistics platform AllTrak raised ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NjaW1wbGlmaXR3by1vdGhlcnMtcmFpc2UtZWFybHktc3RhZ2UtZnVuZGluZw==/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- Infrastructure [Blackstone-backed Italian infrastructure group Mundys weighs India expansion](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsYWNrc3RvbmViYWNrZWQtaXRhbGlhbi1pbmZyYXN0cnVjdHVyZS1ncm91cC1tdW5keXMtd2VpZ2hzLWluZGlhLWV4cGFuc2lvbg==/6571d3fe93c453ed2473bcce-20231207) Italian infrastructure group Mundys aims to strengthen its toll roads presence in the United States, Chile and Europe and is exploring expansion in ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JsYWNrc3RvbmViYWNrZWQtaXRhbGlhbi1pbmZyYXN0cnVjdHVyZS1ncm91cC1tdW5keXMtd2VpZ2hzLWluZGlhLWV4cGFuc2lvbg==/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- M&A [TV18 Broadcast to merge with Network18 in $1.2 bn deal](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3R2MThicm9hZGNhc3QtdG8tbWVyZ2Utd2l0aC1uZXR3b3JrMTgtaW4tMS0yLWJuLWRlYWw=/6571d3fe93c453ed2473bcce-20231207) India's TV18 Broadcast will merge with Network18 Media & Investments in a $1.2 billion deal that will help the Reliance-owned companies expand ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3R2MThicm9hZGNhc3QtdG8tbWVyZ2Utd2l0aC1uZXR3b3JrMTgtaW4tMS0yLWJuLWRlYWw=/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- General [Grapevine: Adani eyes another port; Airblack gets fresh funding](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWFkYW5pLWV5ZXMtYW5vdGhlci1wb3J0LWFpcmJsYWNrLWdldHMtZnJlc2gtZnVuZGluZw==/6571d3fe93c453ed2473bcce-20231207) Adani Ports and Special Economic Zone is in advanced negotiations to acquire Shapoorji Pallonji Group’s Gopalpur Ports in Odisha for up to Rs 1,100-...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZWFkYW5pLWV5ZXMtYW5vdGhlci1wb3J0LWFpcmJsYWNrLWdldHMtZnJlc2gtZnVuZGluZw==/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- Private Equity [KKR seeks to raise up to $7 bn for first global climate fund](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcnNlZWtzLXRvLXJhaXNlLXVwLXRvLTctYm4tZm9yLWZpcnN0LWdsb2JhbC1jbGltYXRlLWZ1bmQ=/6571d3fe93c453ed2473bcce-20231207) U.S. investment firm KKR & Co is looking to raise up to $7 billion for its first global climate fund that seeks to invest in energy transition ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2trcnNlZWtzLXRvLXJhaXNlLXVwLXRvLTctYm4tZm9yLWZpcnN0LWdsb2JhbC1jbGltYXRlLWZ1bmQ=/6571d3fe93c453ed2473bcce-20231207) --------------------------------------------------------------- Finance [Banks, NBFCs ask fintech firms to limit tiny personal loans amid RBI scrutiny](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JhbmtzbmJmY3MtYXNrLWZpbnRlY2gtZmlybXMtdG8tbGltaXQtdGlueS1wZXJzb25hbC1sb2Fucy1hbWlkLXJiaS1zY3J1dGlueQ==/6571d3fe93c453ed2473bcce-20231207) Top Indian banks and non-bank lenders have asked their fintech partners to curtail issuing tiny personal loans, three banking and one industry source ...... 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