Kedaara, Accel, WestBridge, Steadview make investments; DSG Consumer, Quadria, Lok Capital, Aspada in fund news; How Everstone charted a new course; Mega bank mergers in offing

[] [NewsCorp VCCircle]( [Saturday, 31 August, 2019](#) [Unlock Premium]( [twitter]( [linkedin]( [facebook]( [you tube]( PRIVATE EQUITY [Fund Scan: How Everstone Capital shrugged off early slips to chart a new course]( Well begun is half done, they say. And if you are starting a new business, a poor beginning can well mean a quick end. So, what do you do if... PRIVATE EQUITY [TA Associates, Sequoia clock tepid exit from handset maker Micromax]( [Why private credit funds are growing in India and drawing in more LPs]( [Anicut Capital hits first close of second debt fund; may rope in SIDBI as LP]( [Warburg Pincus books partial exit from 13-year-old bet with below-par returns]( [Exclusive: Kedaara Capital strikes first deal in e-commerce sector]( [In numbers: How NIIF is building its war chest and infrastructure portfolio]( [Rohatyn Group exits yarn manufacturing firm with massive haircut]( [How Cube Highways emerged as one of the top foreign buyers in India's roads sector]( [JM Financial PE Fund invests in Innovcare Lifesciences]( [Dutch development bank FMO plans to invest in Lok Capital's fourth fund]( [Macquarie to raise $675 mn for renewable energy, tech investment]( [Motilal Oswal Real Estate makes seven exits worth $75 mn across projects]( [IFC plans to back healthcare private equity firm Quadria's second fund]( venture capital [Accel backs cloud data analytics startup floated by former Yahoo exec]( [Unitus-backed staffing firm Awign gets new investor]( [Maharashtra govt readies new fintech fund for direct startup bets]( [Impact investor LGT Lightstone Aspada to raise next fund]( [Tiger Global, WestBridge lead $42 mn funding round in ed-tech starup Vedantu]( [Artha Venture Fund leads P2P lender LenDenClub's pre-Series A funding round]( [Mitsubishi to invest in digital healthcare platform SastaSundar]( [Shell invests $7.7 mn in biomass firm Punjab Renewable]( [Steadview Capital leads Chargebee's Series D funding round]( [Indian-origin founders' data analytics startup ThoughtSpot raises $248 mn]( [GrowX Ventures leads pre-Series A funding in HR-tech startup Advantage Club]( [DSG Consumer Partners marks final close of third fund]( [FreeCharge founder Kunal Shah's Cred gets $450 mn valuation with big cheque]( [WestBridge leads $55 mn Series B round in Rapido]( [Ribbit, Steadview lead BharatPe's Series B funding round]( [Iron Pillar leads Series B funding in Freshtohome]( m&a [Former Mittal Steel exec's Nithia Capital sets sights on stressed steel assets]( [Nalanda Capital-backed TTK Prestige to buy majority stake in Australia's Ecolife]( [Govt unveils big-bang plan to merge state-run banks]( [Adani to acquire Essel's solar energy projects for $181 mn]( [Bharti Airtel unit's merger deal with Telkom Kenya runs into regulatory wall]( [LGT acquires impact investor Aspada from Soros fund]( [General Atlantic-backed IIFL Wealth to buy L&T Finance's wealth management biz]( [Cisco to acquire VC-backed tech startup CloudCherry]( [CG Power plans to offload non-core assets, raise fresh funds]( [Jet Airways lenders extend deadline for initial offers again]( [Strides Pharma buys Micelle BioPharma's manufacturing facility in US]( [VC-backed DocsApp acquires doctor-patient engagement platform DocWise]( People [Senior India exec at Fosun RZ Capital quits, may explore own venture]( [Fraud-hit CG Power's board removes chairman Gautam Thapar]( [Moody's India arm ICRA sacks CEO Naresh Takkar]( [Indifi Technologies appoints former Freecharge top exec as president]( [Lakshmi Vilas Bank CEO quits ahead of merger with Indiabulls Housing]( [HCL co-founder joins advisory board of AI startup Number Theory]( [Former Embassy Industrial Parks head sets up own warehousing venture]( Markets [Nifty, Sensex end higher after two weeks of losses; pharma gains]( [SBI's credit card business aims to raise $1.1 bn via IPO]( [India's first startup IPO by Alphalogic Techsys fully covered]( Q&A [India generated about half of $1 bn exits in last 3 years: Affirma's Udai Dhawan]( AUDIO & VIDEO [Podcast: Mega bank merger, Dewan Housing in spotlight]( [Kunal Shah's Cred steals limelight with big cheque in busy funding week]( [Will small, mid-sized distressed firms find suitors or face liquidation?]( [Podcast: Tuning in to VCCircle FinServ Summit 2019 as banks, NBFCs get stimulus shot]( Analysis [How Naspers built its Indian empire as it readies for $100-bn listing of web assets]( others [NCLAT sets aside Sterling Biotech liquidation, allows lenders to drop insolvency case]( [VCCircle FinServ Summit: Tata Capital MD on how NBFCs can cut risks, revive growth]( [NBFCs should explore lending off balance sheets: Panellists at VCCircle summit]( [Grapevine: SoftBank, others may invest in Dream11; Flipkart to invest in Shadowfax]( [Fiscal deficit crosses 77% of budgeted target in first four months of FY20]( [Dewan Housing board approves conversion of debt to equity]( [What all promoters must check before selling a controlling stake to PE investors]( [India to woo foreign firms like Apple to capitalise on US-China trade war]( [Indian fintech startups grappling with KYC, data use norms: VCCircle FinServ Summit]( [Grapevine: Fotowatio seeks new buyer for India solar business]( [Govt eases foreign investment rules for digital media, other sectors to boost growth]( [Govt may ask e-commerce companies to cut plastic packaging]( [Why rate cuts are not enough to fire up damp India housing market]( [Grapevine: Tiger to back MyGate, Infra.Market, UrbanPiper; TPG eyes Café Coffee Day]( [Competition Commission of India to assess media, broadcasting sector]( [Khaitan's whirring blades to go quiet as fan maker handed over to liquidator]( [Maruti Suzuki cuts 3,000 contract jobs]( [Govt gets windfall gain from RBI; raises expectation for stimulus]( [Embassy Group forays into co-living]( [Grapevine: SoftBank to invest in Lenskart, Dailyhunt; Colombia carrier parent eyes Jet]( VCCircle Upcoming Events Events Title Date City [VCCircle Impact Investment Summit 2019]( September 17 Mumbai [VCCircle Healthcare Investment Summit 2019]( October 11 Mumbai Early bird discounts and Group concession fees available. For details and registration please write to register@vccircle.com or Call. +91- 011-68132900 For sponsorship, write to: sponsorship@vccircle.com or Call. +91- 011-49711180 VCCircle Training - Upcoming Programmes Training Title Date City [PE/VC Fundraising]( September 6 Bengaluru [Workshop on Negotiation, Documentation & Structuring of PE/VC & M&A Deals]( September 27 Mumbai Early bird discounts and Group concession fees available. For details and registration please write to training@vccircle.com or Call. 0120-49711180 [Vccedge]( Accurate and Comprehensive Private Equity, Venture Capital and M&A Deal data at your fingertips Call: Vijay Prakash Rai @ 09987526393 & +91- 011-49711180 Email: sales@vccedge.com [vccircle]( Tel: +91- 011-49711180, +91- 011-68132900, Email: subscription@vccircle.com [twitter]( [linkedin]( [facebook]( [you tube]( Mosaic Media Ventures Pvt. 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