TA Associates, Fireside, Sofina, Orios make exit moves; Norwest, Kotak fund, LeapFrog in deal news

Trouble viewing this email? [View in web browser](=/0/aHR0cHM6Ly9hc3NldHMudmNjaXJjbGUuY29tL25ld3NsZXR0ZXIvMjAyNC8wNi9kYWlseS92Y2MtZGFpbHktbmV3c2xldHRlci0yMDI0LTA2LTExLmh0bWw=/66686395251525baa33a5567-20240611) [VCCircle](=/1/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tLw==/66686395251525baa33a5567-20240611) Tuesday, 11 Jun 2024 =/2/aHR0cHM6Ly9scHN1bW1pdC52Y2NldmVudHMuY29tL2R1YmFpLw==/66686395251525baa33a5567-20240611 =/3/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhYXNzb2NpYXRlcy1tYWtlcy1hbm90aGVyLWZvcmdldHRhYmxlLWV4aXQtbW92ZS1pbi1pbmRpYQ==/66686395251525baa33a5567-20240611 Private Equity [TA Associates makes another forgettable exit move in India](=/4/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhYXNzb2NpYXRlcy1tYWtlcy1hbm90aGVyLWZvcmdldHRhYmxlLWV4aXQtbW92ZS1pbi1pbmRpYQ==/66686395251525baa33a5567-20240611) Private equity firm TA Associates, which was among the most active in monetizing its bets in the country last year and has kept up the pace this year ...... [Read more](=/5/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3RhYXNzb2NpYXRlcy1tYWtlcy1hbm90aGVyLWZvcmdldHRhYmxlLWV4aXQtbW92ZS1pbi1pbmRpYQ==/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Private Equity [Fireside, Sofina harvest multibaggers from D2C brand](=/6/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZpcmVzaWRlc29maW5hLWhhcnZlc3QtbXVsdGliYWdnZXJzLWZyb20tZDJjLWJyYW5k/66686395251525baa33a5567-20240611) Domestic venture capital firm Fireside Ventures and Belgium-based investor Sofina SA are continuing to clock multibagger exits from their investments ...... [Read more](=/7/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2ZpcmVzaWRlc29maW5hLWhhcnZlc3QtbXVsdGliYWdnZXJzLWZyb20tZDJjLWJyYW5k/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Private Equity [Norwest Venture Partners in fray to invest in urology chain](=/8/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25vcndlc3R2ZW50dXJlLXBhcnRuZXJzLWluLWZyYXktdG8taW52ZXN0LWluLXVyb2xvZ3ktY2hhaW4=/66686395251525baa33a5567-20240611) Global venture capital and growth equity investment firm Norwest Venture Partners is in talks to invest in an Indian urology-focused hospital chain, a...... [Read more](=/9/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25vcndlc3R2ZW50dXJlLXBhcnRuZXJzLWluLWZyYXktdG8taW52ZXN0LWluLXVyb2xvZ3ktY2hhaW4=/66686395251525baa33a5567-20240611) --------------------------------------------------------------- =/10/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29yaW9zdmVudHVyZS1wYXJ0bmVycy1yZWFwcy1tdWx0aWJhZ2dlci1yZXR1cm5zLWluLXBhcnRpYWwtZXhpdA==/66686395251525baa33a5567-20240611 Venture Capital [Orios Venture Partners reaps multibagger returns in partial exit](=/11/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29yaW9zdmVudHVyZS1wYXJ0bmVycy1yZWFwcy1tdWx0aWJhZ2dlci1yZXR1cm5zLWluLXBhcnRpYWwtZXhpdA==/66686395251525baa33a5567-20240611) Orios Venture Partners, an early-stage venture capital firm with investments in companies such as Country Delight, BeatO, ixigo, and PharmEasy, has ...... [Read more](=/12/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29yaW9zdmVudHVyZS1wYXJ0bmVycy1yZWFwcy1tdWx0aWJhZ2dlci1yZXR1cm5zLWluLXBhcnRpYWwtZXhpdA==/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Private Equity [Eversource’s Radiance teams up with infra investor PIDG for green energy play](=/13/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V2ZXJzb3VyY2VzLXJhZGlhbmNlLXRlYW1zLXVwLXdpdGgtaW5mcmEtaW52ZXN0b3ItcGlkZy1mb3ItZ3JlZW4tZW5lcmd5LXBsYXk=/66686395251525baa33a5567-20240611) Radiance Renewables, an Indian renewable energy company backed by private equity firm Eversource Capital, has formed a joint venture with emerging ...... [Read more](=/14/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2V2ZXJzb3VyY2VzLXJhZGlhbmNlLXRlYW1zLXVwLXdpdGgtaW5mcmEtaW52ZXN0b3ItcGlkZy1mb3ItZ3JlZW4tZW5lcmd5LXBsYXk=/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Private Equity [Kotak fund to part-finance Matrix Pharma's purchase of Viatris API business](=/15/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tvdGFrZnVuZC10by1wYXJ0LWZpbmFuY2UtbWF0cml4LXBoYXJtYS1zLXB1cmNoYXNlLW9mLXZpYXRyaXMtYXBpLWJ1c2luZXNz/66686395251525baa33a5567-20240611) Kotak Alternate Asset Managers Ltd, the alternative investment arm of Kotak Group, said Monday it will part-finance the acquisition of Viatris Inc&#...... [Read more](=/16/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2tvdGFrZnVuZC10by1wYXJ0LWZpbmFuY2UtbWF0cml4LXBoYXJtYS1zLXB1cmNoYXNlLW9mLXZpYXRyaXMtYXBpLWJ1c2luZXNz/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Private Equity [LeapFrog, MUFG join cap table of Battery Smart with fresh capital in Series B round](=/17/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9nbXVmZy1qb2luLWNhcC10YWJsZS1vZi1iYXR0ZXJ5LXNtYXJ0LXdpdGgtZnJlc2gtY2FwaXRhbC1pbi1zZXJpZXMtYi1yb3VuZA==/66686395251525baa33a5567-20240611) Gurugram-based electric mobility solutions startup Battery Smart, which offers a battery swapping network platform for electric two and three-wheelers...... [Read more](=/18/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2xlYXBmcm9nbXVmZy1qb2luLWNhcC10YWJsZS1vZi1iYXR0ZXJ5LXNtYXJ0LXdpdGgtZnJlc2gtY2FwaXRhbC1pbi1zZXJpZXMtYi1yb3VuZA==/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Venture Capital [Innoviti pockets another cheque from existing backer Alumni Ventures](=/19/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lubm92aXRpcG9ja2V0cy1hbm90aGVyLWNoZXF1ZS1mcm9tLWV4aXN0aW5nLWJhY2tlci1hbHVtbmktdmVudHVyZXM=/66686395251525baa33a5567-20240611) Payment-focused retail software-as-a-service (SaaS) platform Innoviti said Tuesday it has raised funding from US-based Alumni Ventures as part of its ...... [Read more](=/20/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2lubm92aXRpcG9ja2V0cy1hbm90aGVyLWNoZXF1ZS1mcm9tLWV4aXN0aW5nLWJhY2tlci1hbHVtbmktdmVudHVyZXM=/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Credit [Neo Asset Management hits final close of credit fund at $308 mn](=/21/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb2Fzc2V0LW1hbmFnZW1lbnQtaGl0cy1maW5hbC1jbG9zZS1vZi1jcmVkaXQtZnVuZC1hdC0zMDgtbW4=/66686395251525baa33a5567-20240611) Private equity firm Peak XV-backed Neo Asset Management on Tuesday announced closure of its maiden category-II special credit opportunities fund, ...... [Read more](=/22/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL25lb2Fzc2V0LW1hbmFnZW1lbnQtaGl0cy1maW5hbC1jbG9zZS1vZi1jcmVkaXQtZnVuZC1hdC0zMDgtbW4=/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Private Equity [CX Partners-led consortium acquires controlling stake in infertility treatment firm](=/23/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N4cGFydG5lcnMtbGVkLWNvbnNvcnRpdW0tYWNxdWlyZXMtY29udHJvbGxpbmctc3Rha2UtaW4taW5mZXJ0aWxpdHktdHJlYXRtZW50LWZpcm0=/66686395251525baa33a5567-20240611) Indian private equity firm CX Partners, which invests across healthcare, financial services and IT sectors, said Monday it has led a consortium of ...... [Read more](=/24/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2N4cGFydG5lcnMtbGVkLWNvbnNvcnRpdW0tYWNxdWlyZXMtY29udHJvbGxpbmctc3Rha2UtaW4taW5mZXJ0aWxpdHktdHJlYXRtZW50LWZpcm0=/66686395251525baa33a5567-20240611) --------------------------------------------------------------- =/25/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Njb3BlZ2V0cy05MC1tbi1mb3ItZXhwYW5zaW9uLXByb2N1cmVzLWxpY2VuY2UtZm9yLXVzLWJ1c2luZXNz/66686395251525baa33a5567-20240611 Venture Capital [Scope gets $90 mn for expansion, procures licence for US business](=/26/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Njb3BlZ2V0cy05MC1tbi1mb3ItZXhwYW5zaW9uLXByb2N1cmVzLWxpY2VuY2UtZm9yLXVzLWJ1c2luZXNz/66686395251525baa33a5567-20240611) Invite-only networking platform for startups and investors, Scope has secured $90 million in a funding round led by Singapore-headquartered Apricot ...... [Read more](=/27/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3Njb3BlZ2V0cy05MC1tbi1mb3ItZXhwYW5zaW9uLXByb2N1cmVzLWxpY2VuY2UtZm9yLXVzLWJ1c2luZXNz/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Markets [IndiGo's biggest shareholder to offload 2% stake in airline](=/28/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlnb3MtYmlnZ2VzdC1zaGFyZWhvbGRlci10by1vZmZsb2FkLTItc3Rha2UtaW4tYWlybGluZQ==/66686395251525baa33a5567-20240611) IndiGo airline's biggest shareholder will sell a 2% stake worth $394 million in the low-cost Indian carrier on Tuesday, per a term sheet seen by ...... [Read more](=/29/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL2luZGlnb3MtYmlnZ2VzdC1zaGFyZWhvbGRlci10by1vZmZsb2FkLTItc3Rha2UtaW4tYWlybGluZQ==/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Venture Capital [Sova Health, Clean Mobility, three others secure early-stage funding](=/30/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvdmFoZWFsdGgtYzMtbWVkLXRlY2gtY2xhcGluZ28tc2VjdXJlLWVhcmx5LXN0YWdlLWZ1bmRpbmc=/66686395251525baa33a5567-20240611) Healthcare startups Sova Health and C3 Med-Tech, e-mobility startup Clean Mobility Solution, and edtech startups Clapingo and Eduport have secured ...... [Read more](=/31/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3NvdmFoZWFsdGgtYzMtbWVkLXRlY2gtY2xhcGluZ28tc2VjdXJlLWVhcmx5LXN0YWdlLWZ1bmRpbmc=/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Startups [Swiggy, Zepto and Zomato's Blinkit cash in on quick commerce boom](=/32/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3aWdneXplcHRvLWFuZC16b21hdG8tcy1ibGlua2l0LWNhc2gtaW4tb24tcXVpY2stY29tbWVyY2UtYm9vbQ==/66686395251525baa33a5567-20240611) In a middle-class suburb of Mumbai, workers at SoftBank-backed Swiggy's grocery warehouse race against time to deliver orders within 10 minutes. ...... [Read more](=/33/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL3N3aWdneXplcHRvLWFuZC16b21hdG8tcy1ibGlua2l0LWNhc2gtaW4tb24tcXVpY2stY29tbWVyY2UtYm9vbQ==/66686395251525baa33a5567-20240611) --------------------------------------------------------------- Markets [Ola Electric gets SEBI approval for $660-mn IPO](=/34/aHR0cHM6Ly93d3cudmNjaXJjbGUuY29tL29sYWVsZWN0cmljLWdldHMtc2ViaS1hcHByb3ZhbC1mb3ItNjYwLW1uLWlwbw==/66686395251525baa33a5567-20240611) Indian e-scooter maker Ola Electric has received regulatory approval to go ahead with its $660 million Initial Public Offering, said two sources with ...... 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