Samidha Sharma

Synopsis Venture capital firm Peak XV Partners, formerly Sequoia Capital India, has pared the size of its $2.85 billion fund by 16% more than a year after it split from Silicon Valley-based investor Sequoia Capital. Peak XV's eighth India and Southeast Asia-dedicated fund will see its corpus being cut by $465 million with the bulk of the reduction coming in its growth-stage.

BharatPes Grover and edtech startup Byjus have been the two most high-profile instances where solo aggressive founders have been engaged in protracted litigation fighting shareholders, lenders and law enforcement agencies even as their startups have floundered.

Synopsis Venture capital fund Z47, formerly Matrix Partners India, has put its stakes worth $150-180 million up for sale across firms like Ola, B2B firm OfBusiness, Razorpay, and Dailyhunt, sources in the know told ET. This comes months after Matrix Partners India rebranded as Z47 and split from its US partnership amid the wider reset in the VC industry.

ETtech Synopsis Lendingkart is in talks with Fullerton Financial Holdings, its largest shareholder, for an internal funding round at a major valuation cut. Ahmedabad-based small business-focused lending startup Lendingkart has been in the market for an equity funding round for a year now. But none of its deals have materialised yet. Stories you might be interested in Subscribe to our ET Investment Opportunities BACK TO TOP

Synopsis Zomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked intrigue in the quick commerce sector, with some viewing it as a strategic move to overshadow Swiggy's impending IPO. The slug of capital that will be needed to sustain growth in the high-burn quick commerce sector is resembling the trajectory of ecommerce a decade ago.

Alex Clavel is marking a year as co-CEO of SoftBank Investment Advisers, wherein he navigated through not only the tech investing reset but also SoftBanks shift towards greater financial prudence. Speaking to ET, Clavel termed India as one of SoftBanks top-performing markets in 2024. He said that conversely, the US public markets have remained largely flat for the past three years.

Synopsis Clavel took over his new role at the Japanese conglomerate a year ago, jointly leading its investing vehicle SoftBank Vision Fund ( SVF) with Rajeev Misra. While Clavel spearheads SVF-II, Misra who stepped away from day-to-day operations in 2022 and later launched One Investment Management, oversees legacy investments from SVF-I.

New age insurance company Acko is closing a $100-120 million secondary share sale deal through which a few of its early investors will sell their stake in the company. The deal will be done at a 5-10% discount over the valuation of $1.4 billion it had achieved in 2023.

Lahori, a Chandigarh-based beverage manufacturer, is in advanced talks with multiple investors to bag Rs 400 crore in funding, a deal which could triple its valuation since the previous round. Lahori sells carbonated non-alcoholic drinks in local flavours. Lahoris most famous beverage is Lahori Zeera, a cumin-flavoured carbonated beverage.

Synopsis Groww paid Rs 1,340 crore ($160 million) in taxes to the US government, based on the new fair market value (FMV), which is more than 30% lower than its $3 billion valuation during its last funding in 2021, sources told ET. Razorpay, which was last valued at $7.5 billion, is working with consulting firm Deloitte on the matter.