Vaibhav Singhal

There was a recent stir in India's capital markets as a US-based short seller leveled serious allegations pertaining to #ConflictofInterest against the top brass of our regulatory body ie Securities and Exchange Board of India (SEBI) Are #VC Firms free of from this glare ? Not really The gravity of this situation highlights a chilling potential for a #ConflictofInterest that could cast #Founding Partners and "Members of the IC/ Key Persons" into a damaging spotlight in the following scenario : ✳️ Selective Share Acquisition : Founding Partner purchases shares in "cherry-picked" folio company that is at an advanced stage of revenue, profitability and, a risk profile that is << rest of folio where Fund Investors ie #LPs are invested e.g. the company may be at Series C while balance folio is mostly at pre A/ A or even written off due to a large governance lapse ✳️ Personal or Related Party Purchases : Make the purchase in their own names or that of #relatedparties, clearly for personal gain ✳️ Insider Markups : They buy shares with insider knowledge of a say 3x fund raise, anticipating substantial markups that only they benefit from ✳️Exclusion of LPs : The Fund doesn't purchase any shares and LPs lose out on the capital gains ✳️ Lack of Disclosure : There's no transparency or consent sought from #LPs ✳️ Coercion Tactics : Pressure is applied on key personnel, IC Members, or even #founders of portfolio companies to facilitate these transactions What would this lead to ? Regulation #24 of #AIF Regulations 2012 outlines the obligations and procedures related to managing #Conflictofinterest It states : ✅ Disclosure of Conflicts: The investment manager and other key personnel must disclose any conflicts of interest to the AIF and its investors. This includes any potential conflicts arising from personal interests, business interests, or financial arrangements This puts the onus on all "Key Persons/ IC Members" & Chief Compliance Officer, legal team that enabled such a transaction, to come forward and inform #LPs and Securities and Exchange Board of India (SEBI) if they have been a party to this Else, it creates an immediate co-liability that may hurt careers and ability to operate in capital markets, when called into question from a prospective / existing #LP or even an internal #whistleblower For #LPs esp from Government of India Official handling tax payer monies, I would recommend a simple question to be asked as part of #Duediligence to uncover such a violation : ✅ Did any member of the IC/ Key persons/ Designated partner of the VC firm purchase any shares of any folio company under their name or their related parties, without making a full disclosure to #LPs OR without offering the same opportunity to the Fund OR without taking permission from #LPs ? Hope this is useful to those in #VCcareers and to prospective LPs ( Useful links in comments) #Governance #transparency #EnhanceDuediligence

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Centricity WealthTech, a Gurugram-based wealth management startup, raised $20 million in a seed round, reaching a valuation of $125 million. The round was led by Lightspeed with participation from MS Dhoni Family Office, Ritesh Agarwal (OYO), and others. Founded in 2022 by Manu Awasthy, Gaurav Tiwari, Manish Sharma, Pushpendra Singh, and Aditya Shankar, the platform empowers financial advisors to simplify portfolio management and investment transactions. Centricity operates two key platforms: 💠 OneDigital – a marketplace for financial products, used by over 4,500 Financial Product Distributors (FPDs) across India. 💠 Invictus – a solution for Single Family Offices (SFOs) to manage portfolios and gain investment insights. #FundingAlert #WealthTech #Centricity #SeedFunding #FinancialServices Read more 👇 https://lnkd.in/gaUh9C7R

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Watch Vetri Subramaniam, Chief Investment Officer, talking about global and domestic market scenarios. Also, get an overview and investment philosophy of UTI Flexi Cap Fund by Ajay Tyagi, Head of Equity. Streaming LIVE on June 14,2024 (Friday) at 4 PM. To set a reminder click https://bit.ly/3nMCIPm #UTIMutualFund #marketinsight #equity #flexicap #marketupdate #mutualfund #wealthcreation #stayinvested #webinar

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A Big validation in our space coming from Premji Invest. With the investment of $32Mn (9.82% stake) in Dezerv (Investment Management platform). Checkout the article: https://lnkd.in/guvSUtNb Dezerv started in Mutual fund distribution space and walking towards Investment management space. Recently, a lot of influencers are also tapping this space as an opportunity to convert the followers into customers for their business. For example, 1% Club started getting queries for investment management from the followers and are actively recruiting Financial and Insurance advisors. Finshots started Ditto Insurance to establish in financial sector. These companies motivate more influencers to tap these markets. If you are an influencer and looking for opportunities to start a venture do connect to Fortune Box. Tag if you know influencers who are looking for opportunities. Keep following Fortune Box to support our content. #financialmarkets #influencermarketing #startup #ideas #business #

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“Globally, venture capital funds make up one-third of the private impact fund universe; but in India, they account for 85 per cent” Good insights by FT on how Indian venture capitalists are leading the way in private market impact investing (Glad to see our fund parrners mentioned in the report). Few other funds that are not mentioned are also driving real change by investing in entrepreneurs who are truly driving ‘Innovation for Impact’. India’s venture capitalists seek to verify the impact they make https://lnkd.in/dDVgKFgA British International Investment, Mark Kahn

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TDV Partners portfolio company Dexif raises its seed round of $4M from RTP Global I had met Deepank Bhandari, Tushar Sharma & Pallavi Bajaj last year when they had just started building with the big vision of democratising fixed income instruments by making an exchange for bonds in India. They have currently built a marketplace where they help small and mid size companies raise debt from a variety of investors. They have executed amazingly well and are growing rapidly to satisfy the credit hungry SMEs and MSMEs. Looking forward & cheering for the next phase of growth of Dexif! #dexif #finance #investing #wealthmanagement #fundingnews

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Mohit Gulati launched ITI GO Fund I worth INR 62 Cr in 2018 in partnership with the Investment Trust of India (ITI). The financial services conglomerate is led by Sudhir V 👇 The fund has performed well in the past five years, investing in 22 startups and returning half the capital to investors. Gulati is working on his next endeavour, ITI Growth Opportunities Fund II, which has a corpus of INR 200 Cr and a greenshoe option of INR 100 Cr. ITI GO Fund I has an IRR of 33% and a DPI ratio of 0.45, while four portfolio companies have seen more than 3x valuation markups. The Fund II has a corpus of INR 200 Cr and a greenshoe option of INR 100 Cr, of which INR 80 Cr has already been raised. While the fund’s core focus areas were consumer internet, healthtech, edtech and the new-age economy, it also invested in aerospace, agritech, fintech, electric vehicles and enterprisetech. Gulati believes a non-distributed fund even if it is a small one, ensures a higher margin and enables quicker capital returns due to better performance. 📎 To read detailed article, click here 👇 #funds #investment

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#Weekly_Indian_Startup_Funding_Update   Kyro Capital Private Limited 1. Zepto, a quick commerce company, raised $ 665 M in its Series F funding round led by Glade Brook, Nexus, and StepStone. They plan to use the funds to double the number of its dark stores to 700 and also scale up Zepto Café. 2. Aye Finance, a fintech company specializing in lending, secured $30 M in debt financing from FMO, a Dutch Development Bank. They plan to mobilize these funds to expand financial inclusion to underserved MSME sector in India. 3. Bira 91, an alcoholic beverage company, secured $ 25 M in debt financing from Kirin Holdings. They plan to expand their manufacturing base to new regions in North India. 4. EKA Mobility, a cleantech company focused on electric vehicles, raised $ 23.9 M in an undisclosed round of funding. Mitsui and Co. Ltd served as the sole investor. The raise will assist in expansion of product portfolio and to meet capex needs. 5. OrbitShift, an enterprise software company specializing in horizontal SaaS solutions, raised $ 7 M in a seed funding round co-led by Peak XV Partners and Stellaris Venture Partners. The proceeds will be used to expand the company’s base in the U.S. 6. Alyve Health, a healthtech company focused on fitness and wellness, secured $ 5.5 M in its Series A funding round led by Axilor Ventures. The funds will be used for strategic growth initiatives like talent acquisition, operation expansion etc. 7. AVIOM Housing Finance, a fintech company specializing in lending, secured $ 5 M in debt financing from the InsuResilience Investment Fund. 8. Balwaan Krishi, an agritech company focused on farm inputs, secured $ 4.8 M in its Series A funding round led by JM Financial Private Equity. The funds will be utilized to buy new products and channelize its distribution network. 9. The Pant Project, an e-commerce company with a direct-to-consumer model, secured $ 4.2 M in its Series A funding round led by Sorin Investments. The funds will be used for offline store retail expansion, branding and marketing, tech development. 10. Supermoney, a fintech company specializing in lending, secured $ 3.4 M in its Series A funding round co-led by Capital 2B and Capria Ventures. The company would increase disbursement volume and leverage tech to optimize operations. 11. Distil, an e-commerce company specializing in business-to-business e-commerce, secured $ 3.1 M in a seed funding round co-led by Jungle Ventures and IndiaQuotient. They will utilize the money to expand its teams across sales, research and development and other areas. 12. Maxim AI, an enterprise software company specializing in horizontal SaaS solutions, secured    $ 3 M in a seed funding round led by Elevation Capital. The company plans to use the funds to expand its team and scale its operations to partner with more leading enterprises building AI products.   Feel free to reach out to us for fundraising solutions at [email protected]

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As an investor, finding the right opportunity in upcoming IPOs is key. But understanding the IPO process in India can truly elevate your investment strategy. Here’s a brief rundown on how companies transition from private to public entities through the Initial Public Offering (IPO) process. An IPO allows a company to raise capital and gain liquidity by offering its shares to the public. However, the IPO process in India is intricate and involves several critical steps. --> Steps in the IPO Process: - Hiring an Underwriter or Investment Bank: Companies begin by hiring financial experts who act as intermediaries and ensure the capital is raised efficiently. The underwriting agreement details the deal, the amount to be raised, and securities being issued. - Registration for IPO: This involves preparing a registration statement and the Offer Document, which includes definitions, risk factors, use of proceeds, industry and business descriptions, management information, financial statements, and legal disclosures. - Verification by SEBI: The Securities and Exchange Board of India (SEBI) reviews the company's disclosures. Upon approval, the company can announce its IPO date. - Application to Stock Exchange: The company applies to the stock exchange to float its initial issue. - Creating a Buzz through Roadshows: Before the IPO, companies market their impending IPO via roadshows, engaging with potential investors, business analysts, and fund managers through presentations, Q&A sessions, and virtual events. - Pricing of IPO: The company sets the IPO price either through a Fixed Price or Book Building Offering. The bidding process allows investors to place bids within a set price range. - Allotment of Shares: Once the price is finalised, shares are allotted to investors. In case of oversubscription, partial allotments are made, and shares are usually distributed within 10 working days. Understanding this process not only helps investors make informed decisions but also ensures a smoother transition for companies entering the public market. #Finance #CorpwisAdvisorsPrivateLimited #stock #IPO #stockmarket #IPOprocess #india #SEBI

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https://lnkd.in/girNavcv n this insightful video, join Naha, Aniruddha- Chief Investment Officer of PGIM India Mutual Fund PMS & AIF business, as they delve into the strategic use of leverage in Alternative Investment Funds (AIFs). Whether you are an investor looking to understand the nuances of leveraging or a financial professional seeking deeper insights, this video provides valuable knowledge and practical perspectives on the strategic role of leverage in AIFs. Don't forget to like, share, and subscribe for more expert insights on investment strategies! #investmentmanager #AIF #PGIMalternate #pms Aditya Prabhu Kiran Joshi Abhijeet Sharma Uday Koppalkar Sri Chakri Prakash Mandavilli Ganesh P N

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Yesterday we officially announced Gemba Capital Fund-II with a target corpus of $30Mn (INR 250 Cr) to invest in seed & pre-seed stage scalable tech startups led by founders who have an unwavering ambition to build world-class businesses. We started in 2018, investing for friends & family and then started our own angel syndicate and then raised our Fund-I. The journey has been long and full of learnings. We are here for the long term and there are no shortcuts. Each one of us at Gemba Capital are entrepreneurs at heart, who just happen to be in the VC business. Over the years, we have tried our best to manage expectations of our portfolio founders and our LPs. There is heartfelt gratitude for all our well-wishers, who have supported us time and again. It takes a village to raise a VC fund. We will continue to do our job, the best we can and build Gemba Capital into a fine homegrown VC institution. Our DNA is pre-seed and seed round investing. Our strategy remains the same over the years. 3 focus sectors and a 30-company portfolio built over the next 3 years. https://lnkd.in/gk3JEKps Gemba Capital Govind Lohia Kamini Shivalkar Shashank Gupta Vipul Rawal ↗️ Anupreet Singh 📈 Sujoy Chakravarty Nutgraf PR and Media Advisory

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Sectoral or Thematic funds have now got the largest AUM. Defence, Manufacturing, Digital, Infra, Auto, Realty, Consumption etc. are the season's flavours. For retail investors, I always feel going for either index funds or diversified flexicap or multicap funds serves the best purpose.

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Titan Capital, an early-stage investment firm co-founded by Snapdeal’s Kunal Bahl and Rohit Bansal, has made the final close of its Rs 333 crore Winners Fund. The Winners Fund will invest in follow-on rounds of nearly 20 startups in its portfolio at an average cheque size of Rs 15 crore across multiple sectors, including marketplaces, D2C brands, B2B SaaS offerings, and commerce. Read the full story here: 👇 https://lnkd.in/d57pVTmZ #titancapital #investment #startup #venturecapital #startup #entrepreneur #founders #indianstartupnews

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Grip Invest Founders: Aashish Jindal, Nikhil Aggarwal, Vivek Gulati Founded In: 2020 Investors Include: Stride Ventures, Venture Highway, AdvantEdge Founders Grip Invest is changing the way individuals invest. With a focus on creating opportunities beyond stocks, fixed deposits, and gold, Grip is all set to redefine financial products in the Indian market. By offering detailed information on every opportunity’s commercial terms, returns, and partner profiles, Grip ensures the investor is well-informed and can make data-driven decisions. What sets Grip apart is their use of technology combined with their rigorous due diligence process. Over 250,000 investors use the Grip platform, benefiting from their digital KYC, e-signing, and payment processes. The platform is committed to reimagining its users’ wealth creation journey completely and making it as simple as possible.

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In a panel discussion on ‘The Demand for Made in India Innovation: The Next Wave of Investment Opportunities,’ moderated by Mr. Naveen Unni, Managing Partner of TVS Capital Funds, we heard from Mr. Ben Mathias (Vertex Ventures), Mr. Vishesh Rajaram (Speciale Invest), and Ms. Nruthya Madappa (3one4 Capital). The discussion explored upcoming investment areas and strategies from an investor’s perspective, with key sectors highlighted being deep technology, energy, climate tech, and innovations in rural areas. #InvestInInnovation #CIIConference2024 #FutureOfInvestment #BusinessGrowth #SuccessJourney #nationalinvestorsconference #nationalinvestors #startups #Cii4startups

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Inflexor Ventures Achieves First Close of Rs 350 Crore Opportunities Fund Inflexor Ventures, a prominent early-stage venture capital firm, has announced the first close of its new Opportunities Fund, targeting a total corpus of Rs 350 crore. The fund reached approximately 80% of its goal with substantial backing from HDFC AMC Select AIF FoF I Scheme, managed by HDFC AMC, as the lead investor. Additional contributions came from high-net-worth individuals, family offices, corporates, and other institutional investors. Inflexor’s strategy for the Opportunities Fund focuses on further supporting its high-growth portfolio companies and selectively investing in new tech-driven ventures. The fund is set to close by the end of this month, with deployment plans over the next 3-5 years. This comes on the heels of high returns for Inflexor’s initial fund investors, including notable names like IDFC FIRST Bank and the Sumankant Munjal Family Office. The firm’s existing portfolio includes innovative companies like Atomberg Technologies , Kale Logistics Solutions , PlayShifu, and Bioprime™. Inflexor Ventures is paving the way for robust support to India’s thriving tech startup ecosystem. Stay tuned as the firm prepares for the final close and sets its sights on more growth-focused investments! Inflexor, co-founded by industry veterans Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, manages an asset portfolio of Rs 1,000 crore across 26 technology-based companies. Read More: https://lnkd.in/gERjbjBM #VentureCapital #InflexorVentures #OpportunitiesFund #StartupFunding #IndianStartups #TechInvestment #Innovation

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IvyCap Ventures Advisors Private Limited, an early-stage startup #capital firm, has declared that the third fund’s final closing was at Rs 2,100 crores. The company intends to invest via this fund in roughly 25 early-stage #firms, with an average initial investment of Rs 30–50 crore. About 50 businesses in industries including health, consumer, deeptech, fintech, edtech, agritech, and spacetech have received #investments from FIvyCap Ventures. Promising start-ups, in addition to funding, could receive invaluable advice and scale-up support within the IvyCap Ventures #ecosystem under the Mentorship Program. Founded in 2011, IvyCap Ventures is one of India’s leading homegrown venture capital funds leveraging IIT and IIM alumni #networks to power the Indian startup ecosystem. Vikram Gupta Ashish Wadhwani Anju Gupta Vishal Gauri To share your startup story write us on - [email protected] #ivycapventures #startup #venturecapital

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Remember investing in Mirae Asset Large & Midcap Fund Erstwhile known as Mirae Asset Emerging Bluechip fund is available now with a new update! The fund is now open for subscription across all investment modes subject to provisions of minimum application amount as mentioned in the SID effective from August 1, 2024. Start Investing today! Know more: https://bit.ly/3A7Ms06 Invest now: https://bit.ly/3LL5KLs #NewUpdate #miraeassetmutualfund #miraeasset #largemidcap #midcap #largecap #mutualfund #funds #investing #stayinvested #assets #investor #financialplanning #goals #investment #miraeassetlargeandmidcapfund #emergingbluechipfund #newupdate #annoucement #equityfunds

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How Promoters benefit themselves using Related Party Transactions Learn how to find out whether the promoters are using related party transactions to benefit at the cost of minority shareholders. https://lnkd.in/dC49ME7 .

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