Investcorp, a global leader in alternative investments, has announced the appointment of Vivek Agarwal as Senior Operating Partner for its operations in India. Agarwal, who brings over 25 years of leadership experience in the technology and business sectors, is set to lead the firm’s expansion into the software and software services industries. This move aligns with Investcorp’s strategy to…
Piyush Gupta, the former Managing Director of Peak XV (formerly Sequoia Capital), has launched a new investment firm called Kenro Capital. This exciting venture focuses on a niche but crucial part of the investment world—secondary transactions in late-stage startups. The firm aims to provide liquidity solutions to early investors, founders, and employees looking for exits, especially in…
Lithuania’s Vinted has made headlines by securing a remarkable new valuation of €5 billion (approximately $5.4 billion), following a significant secondary share sale worth €340 million ($367 million). This achievement underscores the growing strength of the second-hand fashion marketplace and its impact on the broader retail landscape.
Major Players in the Secondary Share Sale
The latest…
Investing in startups can be an exciting and rewarding journey, offering the chance to be part of innovative ideas and potentially reap high financial rewards. Whether you’re an experienced investor looking to diversify or a beginner exploring new opportunities, this guide breaks down the various ways to invest in startups, helping you navigate this thrilling landscape.
Why Invest in…
In a surprising twist in the venture capital landscape, Peak XV Partners has decided to trim its ambitious $2.85 billion fund by $465 million, a move that highlights their commitment to investing more thoughtfully. This decision comes as the public market in India is buzzing, impacting private market valuations and prompting the firm to return uninvested capital to its limited partners (LPs).
As…
Nomura Holdings Inc. and Mizuho Financial Group Inc. are emerging as the top bidders for a majority stake in Avendus Capital Pvt., one of India’s largest investment banks. This stake, currently held by KKR & Co., represents 63% of Avendus and is valued at a minimum of $400 million.
Sources indicate that both Japanese firms have submitted the highest preliminary bids, while several other…
Oister Global, a Gurugram-based investment firm, has partnered with Tribe Capital India to launch a new fund focused on secondary market transactions. This fund aims to invest $500 million over the next two years as interest in secondary private market transactions in India continues to rise.
In the past four to five years, India has seen $7.7 billion transacted in the secondary market, according…
Automattic CEO and WordPress co-creator Matt Mullenweg recently launched a fierce critique of WP Engine, labeling the managed WordPress hosting provider a “cancer to WordPress.” Mullenweg accused WP Engine of profiting from the open-source platform while failing to contribute meaningfully to its growth and development.
Speaking at WordCamp US 2024 in Portland, Oregon, Mullenweg highlighted the…
Global private equity firm Carlyle is set to invest $400 million in India’s auto component market, focusing on the growing domestic demand and potential for export. The firm aims to establish a platform to acquire and merge mid-sized manufacturers specializing in precision machining and components for electric vehicles (EVs).
According to reports, Carlyle plans to acquire at least two…
India Lifestyle Network (ILN), the parent company of popular digital platforms MensXP, iDiva, and Hypp, is exploring the possibility of separating from Mensa Brands. This move comes two years after Mensa’s acquisition of ILN for approximately $100 million. The decision stems from a perceived misalignment in growth priorities between the two entities.
Background of the Acquisition
Mensa Brands…
