August 3, 2021
Kristal bolsters senior leadership team as it expands into India, Middle East
By
Economic Times (India)
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Globally, for the month of May 2022, the total PE and VC investments reached US $39 billion - which is reported to be 14% lower than the total PE and VC investments raised in the month of April 2022, amounting to US $45 billion.ย ย
In India, however, the decrease in the total PE and VC investments in the month of May, which amounted to US $5.3 billion, was 29% lower than the investments in the month of April, which valued at US $7.5 billion.ย
[India]
When compared to the total Private Equity (PE) and Venture Capital (VC) investments recorded in the week of June 13th, which amounted to US $632 million, the week of June 20th witnessed a positive upward trend, with total Private Equity (PE) and Venture Capital (VC) investments reaching US $953 million.ย
But how is the funding scenario shaping to be for India in 2022?ย
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On this note,ย
Week of June 20thย
โ(The deals have been presented in order of their โDeal Valueโ)ย
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โStashfin and LeadSquared - These were the two largest funding deals for the week of June 20th, 2022.ย
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1. Singapore-based neo banking platform โStashfinโ raised US $270 million in a new funding round
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ย 2. SaaS platform โLeadSquaredโ enters the Unicorn club!ย
With LeadSquaredโs vision to make high-velocity sales execution software a reality for companies around the world, the platform raised an investment of US $153 million from WestBridge Capital in its series C round.
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In addition to Reliance and Viacom18, Bodhi Tree Systems has announced a US $600 million (over Rs 4,500 crore) investment in a strategic partnership with ALLEN Career Institute to build the country's biggest test preparation company.
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The total number of funding deals that had been undertaken in the week of June 20th witnessed a decline when compared to the number of deals for the week of June 13th, dropping to 25 deals from a total of 33 deals respectively.
Similarly, the month of May 2022 recorded 109 deals, which included about 14 large deals of value โฅ US $100 million, when compared to 117 deals in April 2022, indicating that the total number of deals in the month of May had witnessed a downward trend.ย
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Sources: VCCircle; Live Mint; EY - Monthly PE/VC Round Up Report; Business Today; TechCrunch; Business Standard
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By
Kristal Private Markets
July 8, 2022
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August 3, 2021
By
Economic Times (India)
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