SoftBank, TPG, Matrix, Peak XV, Madison, Nexus in exit news; Q&A with Rainmatter's Dinesh Pai

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyMy8xMi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDIzLTEyLTA4Lmh0bWw=/65732c1293c453ed244e00de-20231208) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/65732c1293c453ed244e00de-20231208) Friday, 8 Dec 2023 =/2/aHR0cHM6Ly96ZnJtei5jb20vTE1HeHdRVDdFNDNEb1pmTXBnNXk=/65732c1293c453ed244e00de-20231208 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rd3JhcHMtdXAtMzc1LW1uLWluZGlhLWV4aXQtd2l0aC1hLXByb2ZpdA==/65732c1293c453ed244e00de-20231208 Private Equity [SoftBank wraps up $375 mn India exit with a profit](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvZnRiYW5rd3JhcHMtdXAtMzc1LW1uLWluZGlhLWV4aXQtd2l0aC1hLXByb2ZpdA==/65732c1293c453ed244e00de-20231208) Japanese technology investment goliath SoftBank, which has been on a spree to harvest money from its India portfolio, has completed its exit from a ...... 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[Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ21hdHJpeC1wYXJ0bmVycy1wZWFrLXh2LXN0cmlrZS0yMDAtbW4taW5kaWEtZXhpdA==/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- Private Equity [Madison PE, Nexus Ventures rework exit plan from portfolio company](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21hZGlzb25wZS1uZXh1cy12ZW50dXJlcy1yZXdvcmstZXhpdC1wbGFuLWZyb20tcG9ydGZvbGlvLWNvbXBhbnk=/65732c1293c453ed244e00de-20231208) Private equity firm Madison India Capital, which has floated a new fund about six years after it closed its fourth investment vehicle, and venture ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL21hZGlzb25wZS1uZXh1cy12ZW50dXJlcy1yZXdvcmstZXhpdC1wbGFuLWZyb20tcG9ydGZvbGlvLWNvbXBhbnk=/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JhaW5tYXR0ZXJzLWRpbmVzaC1wYWktb24taXRzLWdlbmVzaXMtYW5kLXRoZS1sb2dpYy1vZi1zdXBwb3J0LW92ZXItcmV0dXJucw==/65732c1293c453ed244e00de-20231208 Venture Capital [Rainmatter’s Dinesh Pai on its genesis and the logic of support over returns](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JhaW5tYXR0ZXJzLWRpbmVzaC1wYWktb24taXRzLWdlbmVzaXMtYW5kLXRoZS1sb2dpYy1vZi1zdXBwb3J0LW92ZXItcmV0dXJucw==/65732c1293c453ed244e00de-20231208) Zerodha’s fintech, health and storytelling investment arm has covered quite a distance since its inception in 2016.With an aim to expand the Indian ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JhaW5tYXR0ZXJzLWRpbmVzaC1wYWktb24taXRzLWdlbmVzaXMtYW5kLXRoZS1sb2dpYy1vZi1zdXBwb3J0LW92ZXItcmV0dXJucw==/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- Private Equity [GMR arm mulls fresh PE funding for kickstarting smart meter project](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dtcmFybS1tdWxscy1mcmVzaC1wZS1mdW5kaW5nLWZvci1raWNrc3RhcnRpbmctc21hcnQtbWV0ZXItcHJvamVjdA==/65732c1293c453ed244e00de-20231208) Indian conglomerate GMR Group’s arm GMR Power and Urban Infra Ltd is planning to raise fresh funding from institutional investors for its first ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dtcmFybS1tdWxscy1mcmVzaC1wZS1mdW5kaW5nLWZvci1raWNrc3RhcnRpbmctc21hcnQtbWV0ZXItcHJvamVjdA==/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- M&A [Deals Digest: PE/VC capital flow rises on a low base](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LXBlLXZjLWRlYWxzLWZsb3ctcmlzZS1vbi1hLWxvdy1iYXNlLXNlZW4tbGFzdC13ZWVr/65732c1293c453ed244e00de-20231208) Private equity and venture capital deal flow continued an upward trajectory during the week-ended Friday as it regained $100-million mark after a ...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2RlYWxzZGlnZXN0LXBlLXZjLWRlYWxzLWZsb3ctcmlzZS1vbi1hLWxvdy1iYXNlLXNlZW4tbGFzdC13ZWVr/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- =/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGRlY29kaW5nLWdpYy1zLWluZnJhc3RydWN0dXJlLWFuZC1yZWFsLWVzdGF0ZS1wbGF5LWluLWluZGlh/65732c1293c453ed244e00de-20231208 Private Equity [Spotlight: Decoding GIC’s infrastructure and real estate play in India](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGRlY29kaW5nLWdpYy1zLWluZnJhc3RydWN0dXJlLWFuZC1yZWFsLWVzdGF0ZS1wbGF5LWluLWluZGlh/65732c1293c453ed244e00de-20231208) In August, a top executive at Singapore sovereign wealth fund GIC said something that should have pleased executives in the infrastructure sector as ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Nwb3RsaWdodGRlY29kaW5nLWdpYy1zLWluZnJhc3RydWN0dXJlLWFuZC1yZWFsLWVzdGF0ZS1wbGF5LWluLWluZGlh/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- Credit [Acumen-backed agritech firm S4S Technologies secures fresh capital](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FjdW1lbmJhY2tlZC1hZ3JpdGVjaC1maXJtLXM0cy10ZWNobm9sb2dpZXMtc2VjdXJlcy1mcmVzaC1jYXBpdGFs/65732c1293c453ed244e00de-20231208) Science for Society Techno Services Pvt. Ltd, which operates agri-tech and food processing platform S4S Technologies, is raising fresh capital from a ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FjdW1lbmJhY2tlZC1hZ3JpdGVjaC1maXJtLXM0cy10ZWNobm9sb2dpZXMtc2VjdXJlcy1mcmVzaC1jYXBpdGFs/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- M&A [GIC-backed Max Healthcare to acquire Sahara Hospital for $113 mn](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dpY2JhY2tlZC1tYXgtaGVhbHRoY2FyZS10by1hY3F1aXJlLXNhaGFyYS1ob3NwaXRhbC1mb3ItMTEzLW1u/65732c1293c453ed244e00de-20231208) Abhay Soi-led Max Healthcare Institute Ltd said Friday it will acquire the 550-bed Sahara Hospital in Lucknow for an enterprise value of Rs 940 crore...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dpY2JhY2tlZC1tYXgtaGVhbHRoY2FyZS10by1hY3F1aXJlLXNhaGFyYS1ob3NwaXRhbC1mb3ItMTEzLW1u/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- Private Equity [TPG-backed Sai Life Sciences draws interest from PE firms](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ2JhY2tlZC1zYWktbGlmZS1zY2llbmNlcy1kcmF3cy1pbnRlcmVzdC1mcm9tLXBlLWZpcm1z/65732c1293c453ed244e00de-20231208) Global private equity funds, including Bain Capital, KKR, and Advent International, are in talks for a controlling stake in Sai Life Sciences at a ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RwZ2JhY2tlZC1zYWktbGlmZS1zY2llbmNlcy1kcmF3cy1pbnRlcmVzdC1mcm9tLXBlLWZpcm1z/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- Economy [RBI keeps repo rate unchanged as focus on inflation remains](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JiaWtlZXBzLXJlcG8tcmF0ZS11bmNoYW5nZWQtYXMtZm9jdXMtb24taW5mbGF0aW9uLXJlbWFpbnM=/65732c1293c453ed244e00de-20231208) The Indian central bank's key lending rate was held steady on Friday with inflation control remaining a major focus amid expectations of a spike ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3JiaWtlZXBzLXJlcG8tcmF0ZS11bmNoYW5nZWQtYXMtZm9jdXMtb24taW5mbGF0aW9uLXJlbWFpbnM=/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- General [Grapevine: Samara deal sparks mutiny at insurance broker, India Quotient plans new funds](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXNhbWFyYS1kZWFsLXNwYXJrcy1tdXRpbnktYXQtaW5zdXJhbmNlLWJyb2tlci1pbmRpYS1xdW90aWVudC1wbGFucy1uZXctZnVuZHM=/65732c1293c453ed244e00de-20231208) Sandeep Dadia, the CEO of Aditya Birla Insurance Brokers Ltd, has quit along with two other senior executives amid the impending takeover by PE firm ...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyYXBldmluZXNhbWFyYS1kZWFsLXNwYXJrcy1tdXRpbnktYXQtaW5zdXJhbmNlLWJyb2tlci1pbmRpYS1xdW90aWVudC1wbGFucy1uZXctZnVuZHM=/65732c1293c453ed244e00de-20231208) --------------------------------------------------------------- Infrastructure [ADB, JICA to launch $1.5 bn infra fund for India, other Asia-Pacific countries](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FkYmppY2EtdG8tbGF1bmNoLTEtNS1ibi1pbmZyYS1mdW5kLWZvci1pbmRpYS1vdGhlci1hc2lhLXBhY2lmaWMtY291bnRyaWVz/65732c1293c453ed244e00de-20231208) The Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA) have agreed to launch a new fund aimed at boosting private ...... 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