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Deals Today: Games2Win, Ujjivan, IIMJobs, App Surfer

Posted on March 27, 2012 by StartupCentral | 0 Comments

Games2Win: The Patni family-backed Nirvana Venture Advisors has picked up a 10 per cent stake in Games2Win for an undisclosed amount. The deal spells a partial exit for existing investors Nexus Venture Partners and ICICI Venture. (Source: StartupCentral). SaffromContract: Employment portal StaffonContract.com, owned by Joule Consulting, has raised angel funding of Rs 50 lakh from Indiagames founder Vishal Gondal. The…

Budget 2012: Tax-free Exits for VC and PE Investors

Posted on March 16, 2012 by Snigdha Sengupta | 2 Comments

Domestic venture capital and private equity funds can now hope to enjoy 100 per cent tax exemption on income from exits, courtesy the Union Budget 2012-2013 announced today. At present, only investments in nine specified sectors are eligible for income tax exemptions – a restriction that was imposed in the 2007-2008 budget. Finance minister Pranab Mukherjee, in his budget speech…

How Nexus Venture Partners scripted its maiden exit run

Posted on March 13, 2012 by Snigdha Sengupta | 1 Comments

Nexus Venture Partners makes exits look easy. In the last 18 months, the Mumbai-based venture capital investor has racked up six exits, out of which five have turned in more than decent profits. The only dampener has been online hotel rooms aggregator MagicRooms. Nexus managed to recover its original investment of Rs 7 crore ($1.5 million), when online travel agent…

Will Catamaran Exit SKS Microfinance in January?

Posted on December 27, 2011 by Snigdha Sengupta | 0 Comments

BSE-listed SKS Microfinance is back in the news again, this time on speculation that Catamaran Ventures, the NR Narayana Murthy-promoted venture capital fund, may exit the company soon. The story broke this afternoon on CNBC-TV 18, which reports, quoting sources, that the Catamaran board took the decision to exit the Hyderabad-based microfinance institution in the last two weeks — read…

Reliance Venture exits Sequans on NYSE listing

Posted on April 19, 2011 by Snigdha Sengupta

Reliance Venture Asset Management, the corporate venture capital investment arm of the Anil Ambani-promoted Reliance Group, has scripted its second exit in less than a month. It has exited its investment in French 4G chipmaker Sequans Communications which listed on NYSE on Friday at $10 per share. Details of the original investment amount are not publicly available. However, wire agency…

US Q1 VC investments grow 15% to $5.9 billion

Posted on April 16, 2011 by Snigdha Sengupta

The first quarter venture capital investment numbers by US investors are out from the MoneyTree report compiled by PricewaterhouseCoopers and NVCA, based on data from Thomson Reuters. Venture capitalists invested $5.9 billion across 736 deals. This represents a 15.6 per cent growth from the $5.1 billion invested in the first three months of 2010 across 787 deals. Some highlights from…

Intel Capital exits Persistent Systems

Posted on April 16, 2011 by Snigdha Sengupta

Intel Capital has exited its investment in Pune-based Persistent Systems, reports Business Line. It has sold the second and remaining trance of its stake in the company. On April 13 the venture capital investor sold its remaining 2.29 per cent in the company in an open market deal for $8.1 million, said the report. In April 2000, Intel Capital had…

Q2 US venture capital exits revive marginally

Posted on July 2, 2009 by Snigdha Sengupta

A bunch of independent research reports are out on worldwide venture capital and private equity activity during the April to June quarter of 2009. Overall, fundraising and investment levels continue to be depressed, compared to the same period in 2008. But, the second quarter numbers mark some improvement over the January to March 2009 quarter. The National Venture Capital Association…

US VC investments down 61.5% in Q1

Posted on April 16, 2009 by Snigdha Sengupta

Update: The NVCA has just put out the Q1 venture capital investment numbers — $3 billion across 549 deals. This represents a 47% decline from the $5.7 billion invested in Q4 2008 across 866 deals. The decline this quarter is even more worrying when compared to Q1 2008 when venture capitalists invested $7.8 billion – which is a drop of…