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flex-direction: column !important } .mt-30 { margin-top: 30px !important } .mw-100 { max-width: 100% !important } .nav-sections { width: 100% } .content-defi { padding: 20px 0 !important } .nav-sections img { width: 23% } div#custom-code { padding: 10px 20px !important } .mx-200 { max-width: 200px !important;width:auto !important;height:77px !important } .pd-10 { padding: 10px !important } .ml-0 { margin-left: 0 !important } } .gt-cta, .gt-cta-2 { background: #002d98; padding: 10px 40px; border-radius: 10px; color: #fff; font-size: 20px } .rm { margin-left: 30px; color: #fff; text-decoration: none; background: #019bcc; padding: 9px 25px; border-radius: 25px; margin-top: 20px; display: inline-block; box-sizing: 1px; box-shadow: 2px 3px 0 rgb(0 0 0 / 16%) !important } </style> <body> <div class="content-defi"> Scroll down to catch up on the latest happenings and developments taking place in the private markets landscape!</div> <br> <br> <div style="margin-bottom:20px" class="nav-sections"> <a href="#pm"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e22af0ca29dd3d1b115a78_Asset%2029%406x.png"> </a> <a href="#du"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e22af0e877052135822c85_Asset%2030%406x.png"> </a> <a href="#wn"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb7fbf8700d259e79f184c_Asset%20190%404x.png"> </a> <a href="#id"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e8e5b4ae456041fb362ab1_Asset%2083%406x.png"> </a> </div> <div class="content-defi" style="margin-right:0!important;padding:20px 30px;background:#f2efea"> <div id="pm" class="content-defi" style="margin-right:0!important;padding:20px 0 0"> <div> </div> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;border-radius:15px" width="100%"> <tr> <td> <div style="font-family:sans-serif"> <div class="txtTinyMce-wrapper" style="font-size:12px;mso-line-height-alt:18px;color:#1d1d1b;line-height:1.5"> <img src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/62de8be33b2f2c3a5f285aec_Asset%203%406x.png" style="display:block;height:auto;border:0;padding-top:10px;width:370px;max-width:100%" title="Banner" width="370"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:20px;color:#002d9c;text-align:left;font-weight:300;text-decoration:underline"> <b>Private Equity and Venture Capital Funding Updates</b> </p> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300"> <b>GLOBAL - June 2023</b> </p> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>1. Monthly PE/VC Funding Updates: Private Equity (PE) and Venture Capital (VC) Investments</b> </p> <img class="pd-10" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb4db2d4f6301b860ee4e3_Asset%20229%404x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;padding:30px 30px;width:300px" title="Banner"> <table style="width:100%"> <tr style="vertical-align:middle" class="d-flex"> <td style="width:100%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:center;font-weight:300">Compared to June 2022, total PE and VC investments dropped by 59.3% year-over-year (Y-o-Y) to US $27.04 billion from US $66.41 billion.</p> </td> </tr> </table> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;padding:30px 0" title="seperator"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#1d1d1b;text-align:left;font-weight:300"> <b>2. Monthly PE/VC Funding Updates: The Number of Deals Recorded</b> </p> <br> <table style="width:100%"> <tr class="d-flex" style="vertical-align:middle"> <td style="width:30%" class="w100-section"> <img class="image-blog pd-10" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb4e5f05058fe9b1ac411e_Asset%20230%404x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;padding:0 60px" title="Banner"> </td> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <br>The month of June 2023 recorded 847 deals when compared to 1,536 deals in June 2022, a 44.9% decline from a year ago.</p> </td> </tr> </table> <br> </p> </div> </div> </td> </tr> </table> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;padding:30px 0" title="seperator"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#1d1d1b;text-align:left;font-weight:300"> <b>3. Monthly PE/VC Funding Updates: PE & VC Q2’2023 Performance</b> </p> <br> <table style="width:100%"> <tr class="d-flex" style="vertical-align:middle"> <td style="width:30%" class="w100-section"> <img class="image-blog pd-10" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb4f088282eeb9923ddbd0_Asset%20233%404x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;padding:0 9px" title="Banner"> </td> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <br>The Q2’23 total transaction value dropped 53.5% from US $211.69 billion to US $98.48 billion (Q-o-Q). Additionally, the number of deals dropped to 2,686 from 4,411 (Q-o-Q).</p> </td> </tr> </table> <br> </p> </div> </td> </tr> </table> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;padding:40px 0 50px" title="seperator"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>4. Private Equity & Venture Capital - Sector Composition</b> <br> <br>Technology, Media, and Telecommunications (TMT) - Healthcare</b> <div class="w100-section" style="width:70%;margin:auto"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb4f8aac85ba1a556f2cfa_Asset%20234%404x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;width:100%;margin-top:10px;border-radius:14px" title="Banner"> <br> <br> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">The ‘Technology, Media, and Telecommunications (TMT)’ sector received the most capital from investors during the month, bringing in US $9.52 billion in total transaction value, comprising 35.2% of total investments made. This was followed by the ‘energy and utilities’ segment, raising US $5.89 billion in total transaction value, comprising 21.8% of total investments made, and the ‘Industrials’ sector, with a total of US $4.42 billion, accounting for 16.3% of investments made in June 2023 respectively.</p> </div> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;padding:55px 0 30px" title="seperator"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>4. Largest Funding Deal</b> </p> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Bain Capital Investors, LLC offered to acquire the remaining 57.83% stake in Chindata Group Holdings Limited for US $2.93 billion</p> <table style="width:100%"> <tr class="d-flex"> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">The transaction will be funded by a combination of debt and equity. Bain Capital's proposal values each American depositary share of Chindata at US $8, representing a premium of more than 27% to its last closing price. <br><br> The private equity firm already owns a 42.2% stake in Chindata, according to Bain Capital. Chindata's shares, which had lost more than a fifth of their value this year, rose about 14% to US $7.18 in recent trading. <br><br> Kirkland & Ellis LLP and Morgan Stanley were Bain's advisers for the proposed deal. Citigroup Global Markets Asia Ltd. and Gibson Dunn & Crutcher LLP were advisers to the special committee formed by Chindata. </p> </td> <td style="width:30%" class="w100-section"> <img class="image-blog mt-30" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb4fc1c160b2b86e7e6f40_Asset%20235%404x.png" style="display:block;height:auto;border:0;padding-top:10px;margin-top:-10px;max-width:100%" title="Banner"> </td> </tr> </table> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;padding:55px 0 30px" title="seperator"> <div class="w100-section" style="width:70%;margin:auto"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300;text-align:center"> <b>Q2’23: Private Markets Key Takeaways </b> </p> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb8c1a3bb88490554bdef3_Asset%20248%404x%20(1).png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin:auto;width:100%;margin-top:10px;border-radius:14px" title="Key Takeaways"> </div> <table style="width:100%"> <td style="width:100%"> </div> <br> </p> <tr> <td style="width:100%"></td> </tr></body></div> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;background:#fff" width="100%"> <tr> <td style="padding:20px 0 0!important"> <div style="font-family:sans-serif"> <div class="txtTinyMce-wrapper" style="font-size:12px;font-family:Poppins,Arial,Helvetica,sans-serif;mso-line-height-alt:18px;color:#1d1d1b;line-height:1.5"> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;background:#fff" width="100%"> <tr> <td style="padding:20px 0!important"> <div style="font-family:sans-serif"> <div class="txtTinyMce-wrapper" style="font-size:12px;font-family:Poppins,Arial,Helvetica,sans-serif;mso-line-height-alt:18px;color:#1d1d1b;line-height:1.5"> <img id="du" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e04e7cbb21833229d6_Asset%2056%404x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%" title="Banner"> <p style="margin-top:6px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">Here's a quick glance at the latest deal-related news in the market.</p> <img class="mx-200" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb5145f6f8a374e1aaaf6a_Asset%20236%404x.png" style="width: 270px;display:block;height:auto;border:0;padding-top:40px;max-width:100%;margin-left:30px" title="heading"> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300;text-decoration:none"> <a style="color:#002d9c;text-decoration:none" href="https://techcrunch.com/2023/03/01/varo-stripe-said-to-be-raising-new-funds-at-much-lower-valuations/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAILctZlNrq_ecSFUHqZwkfN0lYEnXi0OOLocDyLasSBZjPaCbuGxqCwPR2R1_ITKr_rGqRy4EHRgm5NrPYLX-fRVIUL1kuUn4WxMfCLu3uqGWvDo9UGaaqre9QlV5YyEp1K5mVIjBv2Qx9zH3L-TeoUu8DhTYwsWPLTo9oo4Pm0Q" target="_blank"> <b>Varo reportedly raising US $50 million in a down round</b> </a> <br> <i style="color:#171723;font-size:14px">March 1st, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">With the market turning so dramatically in 2022, it’s no surprise that many startups are now believed to be raising down rounds. It was reported that Varo was raising a US $50 million equity round led by Warburg Pincus at a “significantly” lower valuation.<br><br><a href="https://techcrunch.com/2023/03/01/varo-stripe-said-to-be-raising-new-funds-at-much-lower-valuations/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAILctZlNrq_ecSFUHqZwkfN0lYEnXi0OOLocDyLasSBZjPaCbuGxqCwPR2R1_ITKr_rGqRy4EHRgm5NrPYLX-fRVIUL1kuUn4WxMfCLu3uqGWvDo9UGaaqre9QlV5YyEp1K5mVIjBv2Qx9zH3L-TeoUu8DhTYwsWPLTo9oo4Pm0Q" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;width:115px;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:0" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Our Experts' Opinion</b> <br>As per reports, the neobank would be raising the funding at a pre-money valuation of US $1.8 billion, down from the US $2.5 billion that Varo was valued at in September of 2021 when it raised US $510 million. As of today, it is unclear whether Varo closed this round of funding.</p> <img class="mx-200" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f7c98c1c3a422612895f_Asset%2059%404x.png" style="width:280px;display:block;height:auto;border:0;padding-top:40px;max-width:100%;margin-left:30px" title="heading"> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300;text-decoration:none"> <a style="color:#002d9c;text-decoration:none" href="https://techcrunch.com/2023/07/19/reliance-backed-dunzo-defers-staff-pay-amid-funding-search/" target="_blank"> <b>Dunzo defers staff pay, to cut jobs amid funding crunch</b> </a> <br> <i style="color:#171723;font-size:14px">July 19th, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month as the Google and Reliance Retail-backed startup pares its expenses amid an aggressive hunt for new funding.<br><br><a href="https://techcrunch.com/2023/07/19/reliance-backed-dunzo-defers-staff-pay-amid-funding-search/" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;width:115px;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:0" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Our Experts' Opinion</b> <br>Dunzo is reportedly in talks with Reliance to raise additional funds after many of its existing backers did not participate in the on-going financing round. It was also reported that Dunzo is planning another round of layoffs in July 2023 to optimize costs.</p> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300;text-decoration:none"> <a style="color:#002d9c;text-decoration:none" href="https://techcrunch.com/2023/07/13/india-skill-lync-layoffs/" target="_blank"> <b>Upskilling platform Skill Lync cuts 20% jobs</b> </a> <br> <i style="color:#171723;font-size:14px">July 13th, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">Skill-Lync, an Indian startup offering upskilling programs, has laid off 20% of its workforce — around 225 employees — to reduce operational costs amid the ongoing global funding crunch for startups.</p> <a href="https://techcrunch.com/2023/07/13/india-skill-lync-layoffs/" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;width:115px;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:30px" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Our Experts' Opinion</b> <br>Founder Suryanarayanan Paneerselvam confirmed that it was a strategic decision to streamline operations and will help Skill Lync achieve operational profitability by Q4 2023.</p> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300;text-decoration:none"> <a style="color:#002d9c;text-decoration:none" href="https://www.retailbankerinternational.com/news/klarna-stellar-global-partner-on-virtual-shopping-solution/" target="_blank"> <b>Klarna partners with Stellar Global to offer virtual shopping experiences on e-commerce brands</b> </a> <br> <i style="color:#171723;font-size:14px">July 3rd, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">Klarna has announced partnering with retail experience agency Stellar Global to deliver a new virtual shopping solution for brands. Customers can start a live video chat with their product expert; the online meeting will take place from a studio space where Stellar’s teams can showcase products, help with onboarding or answer technical queries.</p> <a href="https://www.retailbankerinternational.com/news/klarna-stellar-global-partner-on-virtual-shopping-solution/" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;width:115px;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:30px" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Our Experts' Opinion</b> <br>The partnership is expected to further help Klarna expand its merchant base that uses its checkout solution.</p> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300;text-decoration:none"> <a style="color:#002d9c;text-decoration:none" href="https://www.businesswire.com/news/home/20230613971682/en/The-Bancorp-and-Chime-Extend-Partnership" target="_blank"> <b>Chime and The Bancorp extend partnership </b> </a> <br> <i style="color:#171723;font-size:14px">June 13th, 2023 </i> </p> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">The renewed agreement between the two organizations ensures The Bancorp will maintain its key role as a banking partner and continue to hold Chime member deposit accounts. The partnership will enable Chime to continue to focus on designing innovative, easy-to-use, FDIC-insured banking services for everyday people.<br><br> </p> <a href="https://www.businesswire.com/news/home/20230613971682/en/The-Bancorp-and-Chime-Extend-Partnership" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;width:115px;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:30px" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Our Experts' Opinion</b> <br>The partnership will enable Chime to continue to focus on designing innovative, easy-to-use, FDIC-insured banking services for everyday people.</p> <img class="mx-200" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/648775a51e468d9d2090469a_Button%3A%20Investors%20%26%20Company%20Structure%20.png" style="display:block;height:auto;border:0;padding-top:40px;max-width:100%;margin-left:30px;width:339px" title="heading"> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300;text-decoration:none"> <a style="color:#002d9c;text-decoration:none" href="https://www.livemint.com/companies/news/byjus-and-lenders-agree-on-restructuring-1-2-billion-loan-addressing-loan-acceleration-and-ending-litigation-11690222343063.html" target="_blank"> <b>Byju's and lenders in deal to rejig USD 1.2B loan, end litigation</b> </a> <br> <i style="color:#171723;font-size:14px">July 24th, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">Byju’s and its lenders have reached a consensus on restructuring its $1.2 billion term loan B. According to a joint statement by Byju’s and its lenders, the proposed amendment, that will be effective before 3 August, seeks to address loan acceleration, end all litigation, and prevent any further enforcement actions.<br><br><a href="https://www.livemint.com/companies/news/byjus-and-lenders-agree-on-restructuring-1-2-billion-loan-addressing-loan-acceleration-and-ending-litigation-11690222343063.html" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;width:115px;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:0" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:20px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Our Experts' Opinion</b> <br>Another development in the tussle between Byju's and its lenders. Byju's is expected to likely agree to revise the coupon upwards and address loan acceleration terms to pacify lenders.</p> <img class="mx-200" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/648775ab57bdea5eb364b41a_Button%3A%20Legal%20%26%20Compliance%20.png" style="display:block;height:auto;border:0;padding-top:40px;max-width:100%;margin-left:30px;width:228px" title="heading"> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300;text-decoration:none"> <a style="color:#002d9c;text-decoration:none" href="https://www.livemint.com/companies/news/centrebegins-inspection-into-byju-s-financials-11689102384510.html" target="_blank"> <b>Government begins inspection of Byju's books of accounts</b> </a> <br> <i style="color:#171723;font-size:14px">July 12th, 2023 </i> </p> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">The ministry of corporate affairs (MCA) has begun an inspection of the books of edtech firm Byju’s as corporate governance concerns mount following the resignation of its auditor as well as three shareholder directors.<br> <a href="https://www.livemint.com/companies/news/centrebegins-inspection-into-byju-s-financials-11689102384510.html" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;width:115px;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:0" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:20px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300"> <b>Our Experts' Opinion</b> <br>According to reports, the developments that prompted the MCA inspection include the sudden resignation of Deloitte Haskins & Sells as the company’s auditor, inordinate and repeated delays in filing the company’s financials with the Registrar of Companies (RoC), and the abrupt resignation of key shareholder directors from the board.<br></p> </div> </div> </td> </tr> </table> <table id="wn" border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;background:#3257b0" width="100%"> <tbody> <tr> <td style="padding:20px 0!important"> <div style="font-family:sans-serif"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb51a86ee854edc5f43b7b_Asset%20241%404x.png" style="width:100%"> </div> </td> </tr> </tbody> </table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;background:#fff" width="100%"> <tr> <td style="padding:20px 0!important;background:#f2efea"> <div style="font-family:sans-serif"> <div class="txtTinyMce-wrapper" style="font-size:12px;font-family:Poppins,Arial,Helvetica,sans-serif;mso-line-height-alt:18px;color:#1d1d1b;line-height:1.5"> <img id="id" class="mw-100" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e8e5b48acaee0a3d505cca_Asset%2084%406x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:350px" title="Banner"> <p style="margin-top:6px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">Boost your financial success and expertise by accessing an unlimited pool of information.</p> <table style="width:100%"> <tr style="vertical-align:middle"> <td style="width:50%" class="w100-section"> <img class="mw-200" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb521cc160b2b86e810639_Asset%20243%404x.png" style="display:block;height:auto;border:0;padding-top:40px;max-width:190px;margin-left:30px" title="heading"> <a style="color:#002d9c;text-decoration:none" href="https://lnkd.in/gRNgzJwd" target="_blank"> <p style="margin-top:36px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;color:#002d9c;text-align:left;font-weight:300"> <b>Watch: Understanding the Macro-economic Trends in India</b> </p> </a> <p style="margin-top:25px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:30px;color:#171723;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:left;font-weight:300">Did you know that India is poised to become the world’s third-largest economy by 2030? <br><br>As per the world bank, China and India are expected to be the largest global investors among developing countries. Combined, the two countries are predicted to account for 38% of global gross investment by 2030.<br><br>Watch Asheesh Chanda, Founder & CEO - Kristal.AI, and Meenal Shah, Director, Financial Products - Kristal.AI, in this quick byte to learn about macroeconomic trends that are prevalent in India, making it an attractive destination for investments. Also, learn more about India's performance relative to its global peers. </p> <br> <a href="https://lnkd.in/gRNgzJwd" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:30px;margin-bottom:40px" title="CTA"> <img src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%;margin-left:0" title="CTA"> </a> </td> <td style="width:50%" class="w100-section"> <a href="https://lnkd.in/gRNgzJwd" target="_blank"> <img class="image-blog" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64cb52788700d259e76d1732_Asset%20244%404x.png" style="display:block;height:auto;border:0;padding-top:10px;max-width:100%" title="Banner"> </a> </td> </tr> </table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;background:#fff" width="100%"> <tr> <td style="padding:20px 0!important"> <div style="font-family:sans-serif"> <div class="txtTinyMce-wrapper" style="font-size:12px;font-family:Poppins,Arial,Helvetica,sans-serif;mso-line-height-alt:18px;color:#1d1d1b;line-height:1.5"> <p style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;font-family:aktiv-grotesk,sans-serif;font-size:22px;color:#002d9c;text-align:center;font-weight:300"> <b>Intrigued to know more?</b> </p> <p class="w100-section" style="margin-top:16px;margin-bottom:0;margin-right:0;margin-left:0;line-height:1.5;padding-top:0;padding-bottom:0;padding-right:10px;padding-left:10px;font-family:aktiv-grotesk,sans-serif;font-size:16px;text-align:center;width:70%;margin:auto;font-weight:300;margin-top:10px;margin-bottom:20px">Discover exclusive private market opportunities today with Kristal Private Markets.</p> <div style="text-align:center"> <a class="gt-cta-2 gt-cta-10 onelink-signup" href=" https://portal.kristal.ai/signup?af_js_web=true&af_ss_ver=2_7_0&pid=direct_kpm&c=mar-23al-kmp-led">Get Started ➔</a><br><br> <br> </div> </div> </div> </td> </tr> </table><div></div><div style="display: flex; align-items: center; justify-content: center; margin-top: 50px;"><img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/64a582e2e1ce286da9466365_Asset%20227%404x.png" style="width: 300px;"></div> </div> </body> </html>
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