Warburg, Creation, Greater Pacific in exit news; Udaan, PlasmaGen, Exponent Energy raise funding

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyMy8xMi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDIzLTEyLTE0Lmh0bWw=/657b1b7893c453ed24a3130e-20231214) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/657b1b7893c453ed24a3130e-20231214) Thursday, 14 Dec 2023 =/2/aHR0cHM6Ly96ZnJtei5jb20vUlkybms1Z1d2WmxSOGswZ3lkMEM=/657b1b7893c453ed24a3130e-20231214 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyZWF0ZXJwYWNpZmljLWNhcGl0YWwtdHdlYWtzLWV4aXQtcGxhbi1mcm9tLWJmc2ktcG9ydGZvbGlvLWZpcm0=/657b1b7893c453ed24a3130e-20231214 Private Equity [Greater Pacific Capital tweaks exit plan from BFSI portfolio firm](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyZWF0ZXJwYWNpZmljLWNhcGl0YWwtdHdlYWtzLWV4aXQtcGxhbi1mcm9tLWJmc2ktcG9ydGZvbGlvLWZpcm0=/657b1b7893c453ed24a3130e-20231214) Private equity firm Greater Pacific Capital is divesting a smaller stake than previously planned in an Indian financial services company that it ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2dyZWF0ZXJwYWNpZmljLWNhcGl0YWwtdHdlYWtzLWV4aXQtcGxhbi1mcm9tLWJmc2ktcG9ydGZvbGlvLWZpcm0=/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Private Equity [Warburg Pincus, Creation hit exit from India financial inclusion portfolio](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtY3JlYXRpb24taGl0LWV4aXQtZnJvbS1pbmRpYS1maW5hbmNpYWwtaW5jbHVzaW9uLXBvcnRmb2xpbw==/657b1b7893c453ed24a3130e-20231214) Private equity firm Warburg Pincus and impact-focussed investor Creation Investments have pressed the exit button on a financial services company in ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3dhcmJ1cmdwaW5jdXMtY3JlYXRpb24taGl0LWV4aXQtZnJvbS1pbmRpYS1maW5hbmNpYWwtaW5jbHVzaW9uLXBvcnRmb2xpbw==/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Venture Capital [Lightspeed-backed Udaan converts debt into equity, pushes back listing plan](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0c3BlZWRiYWNrZWQtdWRhYW4tY29udmVydHMtZGVidC1pbnRvLWVxdWl0eS1wdXNoZXMtYmFjay1saXN0aW5nLXBsYW4=/657b1b7893c453ed24a3130e-20231214) Business-to-business unicorn Udaan has converted some debt into equity as part of its Series E funding round and pushed back its plan to go public by ...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xpZ2h0c3BlZWRiYWNrZWQtdWRhYW4tY29udmVydHMtZGVidC1pbnRvLWVxdWl0eS1wdXNoZXMtYmFjay1saXN0aW5nLXBsYW4=/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FsdmFyZXptYXJzYWwtb25ib2FyZC1mb3JtZXIta3BtZy1leGVjLWZvci1pbmRpYS1kZWFscw==/657b1b7893c453ed24a3130e-20231214 People [Alvarez & Marsal onboards former KPMG exec for India deals](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FsdmFyZXptYXJzYWwtb25ib2FyZC1mb3JtZXIta3BtZy1leGVjLWZvci1pbmRpYS1kZWFscw==/657b1b7893c453ed24a3130e-20231214) US-based business management consultancy firm Alvarez & Marsal (A&M) has appointed a former KPMG deal advisory partner to oversee their transaction ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2FsdmFyZXptYXJzYWwtb25ib2FyZC1mb3JtZXIta3BtZy1leGVjLWZvci1pbmRpYS1kZWFscw==/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Venture Capital [Eight Roads Ventures leads Exponent Energy's Series B round](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VpZ2h0cm9hZHMtdmVudHVyZXMtbGVhZHMtZXhwb25lbnQtZW5lcmd5LXMtc2VyaWVzLWItcm91bmQ=/657b1b7893c453ed24a3130e-20231214) Rapid charging startup Exponent Energy, on Thursday, said that it has raised $26.4 million (around Rs 220 crore) in a Series B funding round led by ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VpZ2h0cm9hZHMtdmVudHVyZXMtbGVhZHMtZXhwb25lbnQtZW5lcmd5LXMtc2VyaWVzLWItcm91bmQ=/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- =/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VpZ2h0cm9hZHMtYmFja2VkLXBsYXNtYWdlbi1iaW9zY2llbmNlcy1uZXRzLTI3LW1uLWluLWZyZXNoLWZ1bmRpbmc=/657b1b7893c453ed24a3130e-20231214 Venture Capital [Eight Roads-backed PlasmaGen Biosciences nets $27 mn in fresh funding](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VpZ2h0cm9hZHMtYmFja2VkLXBsYXNtYWdlbi1iaW9zY2llbmNlcy1uZXRzLTI3LW1uLWluLWZyZXNoLWZ1bmRpbmc=/657b1b7893c453ed24a3130e-20231214) PlasmaGen Biosciences Pvt Ltd, a biopharmaceutical company focused on blood plasma-derived pharmaceutical products for India and emerging markets, ...... [Read more](=/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2VpZ2h0cm9hZHMtYmFja2VkLXBsYXNtYWdlbi1iaW9zY2llbmNlcy1uZXRzLTI3LW1uLWluLWZyZXNoLWZ1bmRpbmc=/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Venture Capital [Impact-focused Asha Ventures marks first close of debut fund](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ltcGFjdGZvY3VzZWQtYXNoYS12ZW50dXJlcy1tYXJrcy1maXJzdC1jbG9zZS1vZi1kZWJ1dC1mdW5k/657b1b7893c453ed24a3130e-20231214) Mumbai-based venture capital firm Asha Ventures said Thursday it has marked the first close of its maiden fund at $50 million (Rs 416 crore) after ...... [Read more](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ltcGFjdGZvY3VzZWQtYXNoYS12ZW50dXJlcy1tYXJrcy1maXJzdC1jbG9zZS1vZi1kZWJ1dC1mdW5k/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Venture Capital [QSR chain Burger Singh snags pre-Series B funding](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3FzcmNoYWluLWJ1cmdlci1zaW5naC1zbmFncy1wcmUtc2VyaWVzLWItZnVuZGluZw==/657b1b7893c453ed24a3130e-20231214) Tipping Mr Pink Pvt Ltd, which operates the quick service restaurant (QSR) brand Burger Singh, said Thursday it has raised an undisclosed amount in ...... [Read more](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3FzcmNoYWluLWJ1cmdlci1zaW5naC1zbmFncy1wcmUtc2VyaWVzLWItZnVuZGluZw==/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Credit [UK's BII writes $14.4 mn cheque to housing financier Sitara](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvdXNpbmdmaW5hbmNpZXItc2l0YXJhLXNlY3VyZXMtZGVidC1mcm9tLWJpaQ==/657b1b7893c453ed24a3130e-20231214) Housing finance company Sewa Grih Rin Ltd, which operates under the Sitara brand, has raised Rs 120 crore (around $14.4 million) in debt from British ...... [Read more](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2hvdXNpbmdmaW5hbmNpZXItc2l0YXJhLXNlY3VyZXMtZGVidC1mcm9tLWJpaQ==/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Electric Vehicles [Taiwan's Gogoro enters India e-scooter market, rolls out battery swap network](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhaXdhbnMtZ29nb3JvLWVudGVycy1pbmRpYS1lLXNjb290ZXItbWFya2V0LXJvbGxzLW91dC1iYXR0ZXJ5LXN3YXAtbmV0d29yaw==/657b1b7893c453ed24a3130e-20231214) Taiwan's Gogoro has started manufacturing electric scooter bikes in India and will set up around 100 battery swap stations by mid-2024, its CEO ...... [Read more](=/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhaXdhbnMtZ29nb3JvLWVudGVycy1pbmRpYS1lLXNjb290ZXItbWFya2V0LXJvbGxzLW91dC1iYXR0ZXJ5LXN3YXAtbmV0d29yaw==/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- M&A [Disney, Reliance plan London meeting for India media merger talks](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Rpc25leXJlbGlhbmNlLXBsYW4tbG9uZG9uLW1lZXRpbmctZm9yLWluZGlhLW1lZGlhLW1lcmdlci10YWxrcw==/657b1b7893c453ed24a3130e-20231214) Billionaire Mukesh Ambani's Reliance Industries and U.S. giant Walt Disney are discussing a plan to hold next-stage talks about their India media ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2Rpc25leXJlbGlhbmNlLXBsYW4tbG9uZG9uLW1lZXRpbmctZm9yLWluZGlhLW1lZGlhLW1lcmdlci10YWxrcw==/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- Insights Focus [Birbal AI: Spearheading Innovation in Tech Contract Hiring with AI-Driven Expertise](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2JpcmJhbGFpLXNwZWFyaGVhZGluZy1pbm5vdmF0aW9uLWluLXRlY2gtY29udHJhY3QtaGlyaW5nLXdpdGgtYWktZHJpdmVuLWV4cGVydGlzZQ==/657b1b7893c453ed24a3130e-20231214) IntroductionIn an era defined by rapid technological advancements and a looming global shortage of skilled workers, as highlighted by the World ...... 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[Read more](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N5YmVyc2VjdXJpdHlwbGF0Zm9ybS1xbnUtZWxlY3Ryb21hZ25ldGljLXNpbXVsYXRpb24tc3RhcnR1cC1zaW15b2ctc2VjdXJlLWVhcmx5LWZ1bmRpbmc=/657b1b7893c453ed24a3130e-20231214) --------------------------------------------------------------- M&A [Multiples PE-backed Zenex Animal Health acquires Ayurvet](=/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL211bHRpcGxlc3BlLWJhY2tlZC16ZW5leC1hbmltYWwtaGVhbHRoLWFjcXVpcmVzLWF5dXJ2ZXQ=/657b1b7893c453ed24a3130e-20231214) Zenex Animal Health, an animal healthcare company backed by Renuka Ramnath-led private equity firm Multiples PE, said Thursday it has acquired animal ...... 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