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box-sizing: 1px; box-shadow: 2px 3px 0px rgb(0 0 0 / 16%) !important; } @media (min-width:1400px){ .image-blog22{ scale: 1.5; } } @media (min-width:1700px){ .image-blog22{ scale: 1.5; } } </style> <div class="content-defi">Scroll down to catch up on the latest developments in the private markets landscape!</div> <br> <br> <div style="margin-bottom:20px;" class="nav-sections"> <a href="#pm"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e22af0ca29dd3d1b115a78_Asset%2029%406x.png"> </a> <a href="#du"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e22af0e877052135822c85_Asset%2030%406x.png"> </a> <a href="#wn"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e903f8c624b9738ff291f9_Asset%2082%406x.png"> </a> <a href="#id"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e8e5b4ae456041fb362ab1_Asset%2083%406x.png"> </a> </div> <div class="content-defi " style="margin-right:0 !important;padding: 20px 30px;background: #F2EFEA;"> <div id="pm" class="content-defi " style="margin-right:0 !important;padding: 20px 0px 0px;"> <!-- <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62de8be33b2f2c3a5f285aec_Asset%203%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; width: 370px; max-width: 100%;" title="Banner" width="370"> --> <div> <!-- <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Global Quarterly VC Funding Updates - Q2’22</b></p><table style="margin-bottom: 20px;"><tr class="d-flex"><td style="width:70%;" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The global funding to startups reached US$108.5 billion in Q2’22. <br> There was, however, a 23% drop quarter-over-quarter (QoQ). The quarter was still the sixth-largest quarter for funding on record despite the new funding level marking a 6-quarter low. </p></td><td style="width:30%;" class="w100-section"><img class="image-blog mt-30" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e7cd39f3084672cc584fc4_Blog%20Quartely.png" style="display: block;padding: 0 30px;margin-top: -50px; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"></td></tr></table><img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> --> </div> </div> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;border-radius: 15px;" width="100%"> <tr> <td> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <img src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/62de8be33b2f2c3a5f285aec_Asset%203%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; width: 370px; max-width: 100%;" title="Banner" width="370"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:20px;color: #002D9C;text-align:left;font-weight:300;text-decoration: underline;"> <b>Private Equity and Venture Capital Funding Updates</b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <b>GLOBAL</b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>1. Monthly Private Equity (PE) and Venture Capital (VC) Investments - October 2022</b> </p> <img class="pd-10" src="https://drive.google.com/uc?export=view&id=1UWfG-jAcUBw7dmKJjaxKXsw1kfcpOoGH" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 30px; width: 300px;" title="Banner"> <table style="width:100%"> <tr style="vertical-align: middle;" class="d-flex"> <td style="width:100%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:center;font-weight:300;">Compared to October 2021, total PE and VC investments dropped by 54.6% year-over-year (Y-o-Y) to US$ 32.27 billion from US$ 71.11 billion. </p> </td> <!-- <td style="width:30%" class="w100-section"><img class="pd-10" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63107dc0588a9c83aa69834c_Global%20PE%20VC%20Funding.gif" style="display: block; height: auto; border: 0;padding-top: 10px; max-width:x 100%;margin: auto;padding: 30px 30px; width: 100%;" title="Banner"></td> --> </tr> </table> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #1d1d1b;text-align:left;font-weight:300;"> <b>2. The Number of Deals Recorded </b> </p> <br> <table style="width:100%"> <tr class="d-flex" style="vertical-align: middle;"> <td style="width:30%" class="w100-section"> <img class="image-blog pd-10" src="https://drive.google.com/uc?export=view&id=1AQjcshCjikfal_ZL0wDqGtwgvHecn3he" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;padding: 0 60px;" title="Banner"> </td> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <!-- <b>Global </b> --> <br> In October 2022, 1,042 deals were closed, compared to 1,740 deals the same month last year, a 40.1% decrease. </p> </td> </tr> </table> <!-- <table style="width:100%;margin-top: 30px;"><tr class="d-flex" style=" vertical-align: middle;"><td style="width:30%" class="w100-section"><img class="image-blog pd-10" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e7cd39bac2b0202a4d73f3_no%20of%20deals%20India%20blog.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;padding: 0 80px;" title="Banner"></td><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><b>India </b><br> The month of June 2022 recorded 115 deals, which included about 12 large deals of value ≥ US$100 million, when compared to 109 deals in May 2022, indicating that the total number of deals undertaken in the month of June has witnessed an upward trend. </p></td></tr></table><img class="w100-section" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 60px 0 30px;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>The Month’s Top 5 PE/VC Investments - India (June 2022) </b></p><div class="w100-section" style="width: 70%;margin: auto;"><img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62ea45afba10f52138f5c611_Asset%2088%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"></div><img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 55px 0 30px;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Largest Funding Deal of the Month - India (June 2022)</b></p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><b> Actis acquired six operating highway toll road projects in India from Welspun Enterprises Limited (WEL), part of the Welspun Group</b><br><br> For an aggregate Enterprise Value of US$775 million, Actis, a leading global investor in sustainable infrastructure, has acquired six operating highway toll road projects in India from Welspun Enterprises Limited (WEL), part of the Welspun Group. </p><table style="width:100%"><tr class="d-flex"><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The deal is subject to certain conditions, such as approval from the lenders of Highway Projects, the National Highways Authority of India, and the Maharashtra Public Works Department.</p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Actis Long Life Infrastructure Fund (ALLIF) focuses on investing in stabilised operating assets, in a wide range of infrastructure sectors, that deliver a strong cash yield. This will be Actis's first road investment in India. </b></p></td><td style="width:30%" class="w100-section"><img class="image-blog mt-30" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e8e644c624b97984f146ab_Asset%2085%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; margin-top: -10px; max-width: 100%;" title="Banner"></td></tr></table> --> <br> </p> </div> </div> </td> </tr> </table> <!-- <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Largest Funding Deal of the Week - India (Week of 25th July 2022)</b></p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><img style="padding-right: 15px;width: 130px;position: relative;top: -3px;" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e7cd3bbac2b066814d7400_Yes_Bank_logo%20blog.svg.2.png">- Funding deal that took the lion's share. </p></p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><b>Yes Bank to raise Rs 8,898 crore and sell 10% stake each to Carlyle and Advent International</b></p><table style="width:100%"><tr class="d-flex" style="vertical-align: middle;"><td style="width:80%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><ul style="line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><li>Yes Bank's board on Friday approved to raise a capital of Rs 8,898 crore from funds affiliated with private equity investors Carlyle and Advent International, with both the funds potentially acquiring a 10 percent stake each in the bank, as per Yes Bank. </li></ul></p></td><td style="width:20%" class="w100-section"><img class="image-blog2 mt-30 w100-section" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e7cd39eff86ab82c52ea4a_yes%20bank1.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%; margin-top: -30px;padding: 0 30px;" title="Banner"></td></tr></table><table style="width:100%"><tr class="d-flex" style="vertical-align: middle;"><td style="width:20%" class="w100-section"><img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e7cd3adcaac725ac56f807_yes%20bank2%20blog.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"></td><td style="width:80%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><ul style="line-height:1.5;padding-top:40px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><li>This will be raised through a combination of Rs 5,100 crore in equity shares and Rs 3,800 crore in equity share warrants, Yes Bank stated.</li><li>Further, Yes Bank also increased authorized share capital to Rs 8,200 crore from Rs 6,200 crore. </li></ul></p></td></tr></table> --> <!-- <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 60px 0 30px;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Weekly PE/VC Funding Updates - India (July 2022) </b></p><table style="width:100%"><tr class="d-flex" style="vertical-align: middle;"><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">When compared to the total fund in the week of July 18th, which amounted to US$141 million, the week of July 25th witnessed a significant positive upward trend, with total PE and VC investments being recorded at US$1.47 billion in total. </p></td><td style="width:30%" class="w100-section"><img class="image-blog w100-section" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e7cd39953e87e6f8b1e040_weekly%20funding%20blog.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;padding: 10px 60px;" title="Banner"></td></tr></table> --> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 40px 0 50px;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> 3. Private Equity/Venture Capital - Sector Composition </b> <br> <br> SPOT Sector - <b>TMT (Technology, Media and Telecommunications) </b> <div class="w100-section" style="width: 70%;margin: auto;"> <img src="https://drive.google.com/uc?export=view&id=1YWcQOyb7F3stAa14cadMVcDkSTZRof-j" style="display: block; height: auto; border: 0;padding: 10px; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"> <br> <br> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> The technology, media, and telecommunications (TMT) sector received the most PE/VC during the month, attracting US$13.57 billion in total transaction value, comprising over 40% of total investments made in October 2022. US$5.51 billion were invested in the industrial sector, followed by US$5.33 billion in the healthcare sector, accounting for 17.1% and 16.5% of the total investment respectively. </p> </div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 55px 0 30px;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>4. Largest Funding Deal of the Month </b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> Vertias Capital Fund Management acquisition of Wood Mackenzie for US$3.1 billion </b> <br> <br> A leading global data analytics provider, Verisk, and Veritas Capital have announced the agreement to acquire Verisk's Energy business, Wood Mackenzie, for US$3.1 billion and US$200 million in further contingent consideration. </p> <table style="width:100%"> <tr class="d-flex"> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">As a result of this deal, Verisk will strengthen its position as a strategic partner for global insurance firms in the areas of analytics, data, and technology. <br> The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the first quarter of 2023. <br> </p> </td> <td style="width:30%" class="w100-section"> <img class="image-blog mt-30" src="https://drive.google.com/uc?export=view&id=1zktPCgwrZ2LVXbpC7VdFav9pzThHqXJp" style="display: block; height: auto; border: 0;padding-top: 10px; margin-top: -10px; max-width: 100%;" title="Banner"> </td> </tr> </table> <table style="width:100%"> <!-- <tr ><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">New investors like Mubadala Investment Company and Canada Pension Plan Investment Board joined existing investors like Sequoia, Bestseller, Silver Lake, and Commonwealth Bank of Australia in the financing round. </p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">In total, US$800 million was invested in common equity. The fund will be used by Klarna to expand in the US, where it already has around 30 million customers. </td><td style="width:30%" class="w100-section"><img class="image-blog mt-30" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/63107dc105bc51884e6cb636_Global%20Largest%20funding%20deals.gif" style="display: block; height: auto; border: 0;padding-top: 10px; margin-top: -10px; max-width: 100%;" title="Banner"></td></tr><tr> --> <td style="width: 100%;"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> </div> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> 5. The Month’s Top 5 Private Equity/Venture Capital Investments </b> </p> <div class="w100-section" style="width: 70%;margin: auto;"> <img src="https://drive.google.com/uc?export=view&id=1b5gGG0HXnE2zNs-MF6KvZoJ8ofo0q115" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"> </div> <br> </p> </td> </tr> <tr> <td style="width: 100%;"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> <br> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <b>INDIA</b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>1. Private Equity (PE) and Venture Capital (VC) Investments</b> </p> <table style="width:100%"> <tr style="vertical-align: middle;" class="d-flex"> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The total PE and VC investments raised in October 2022 totaled US$3.3 billion, which is 75% lower than PE/VC investments in October 2021(US$13.1 billion). However, the month recorded a 60% increase in investments on a sequential basis. </p> </td> <td style="width:30%" class="w100-section"> <img class="pd-10" src="https://drive.google.com/uc?export=view&id=1F2NPxCV4sLDvW_vk9FAE6Xi7rf1znwot" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 10px 30px;" title="Banner"> </td> </tr> </table> <br> </p> </td> </tr> <tr> <td style="width:100%;"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>2. The Number of Deals Recorded</b> </p> <br> <table style="width:100%"> <tr class="d-flex" style="vertical-align: middle;"> <td style="width:30%" class="w100-section"> <img class="image-blog pd-10" src="https://drive.google.com/uc?export=view&id=1_JVsj--UPMu0t80z8h7YBtB5iPQYEuEI" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;padding: 0 60px;" title="Banner"> </td> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <!-- <b>Global </b> --> <br>A total of 75 deals were closed in October 2022, a decrease of 43% compared to October 2021 (132 deals). </p> </td> </tr> </table> </td> </tr> <tr> <td style="width:100%;"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <br> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> 3. Private Equity/Venture Capital - Sector Composition </b> <br> <br> SPOT Sector - <b> Healthcare Sector </b> <div class="w100-section" style="width: 70%;margin: auto;"> <img src="https://drive.google.com/uc?export=view&id=1VM9qFhKSwVZRw6okqypWfQW77l_tr0CU" style="display: block; height: auto; border: 0;padding: 10px !important; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"> <br> <br> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> The Healthcare sector attracted the most PE/VC during the month, registering US$977 million, comprising ~30% of total funding. Financial sector stood second with US$629 million in total funding, followed by Food and Agriculture sector at US$528 million, accounting for 19% and 16% of the total funding respectively. </p> </div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 55px 0 30px;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>4. Largest Funding Deal of the Month </b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> CitiusTech Announces Investment and Strategic Partnership from Bain Capital Private Equity </b> <br> <br> With Bain Capital Private Equity joining existing shareholder BPEA EQT, who purchased a majority stake in CitiusTech in 2019, the company has recently announced the addition of Bain Capital Private Equity as an investor. However, the Financial terms of the private transaction have not been disclosed. </p> <table style="width:100%"> <tr class="d-flex"> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">CitiusTech has more than doubled its revenues since its partnership with BPEA EQT in 2019. Bain Capital's investment will enable the company to scale, innovate, and better serve existing and new customers, while enabling healthcare organizations to become more care-efficient, personalized, and data-driven. <br> </p> </td> <td style="width:30%" class="w100-section"> <img class="image-blog mt-30" src="https://drive.google.com/uc?export=view&id=1rwIkfacYRfIt_V25d1fwAmiRWBc4KMpB" style="display: block; height: auto; border: 0;padding-top: 10px; margin-top: -10px; max-width: 100%;" title="Banner"> </td> </tr> </table> </td> </tr> <tr> <td style="width:100%;"> <div> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> </div> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> 5. The Month’s Top 5 Private Equity/Venture Capital Investments </b> </p> <div class="w100-section" style="width: 70%;margin: auto;"> <img src="https://drive.google.com/uc?export=view&id=1tzq6TSqB3YRCtA1nMSYjMhu3Ej8Vg6b-" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"> </div> <br> </p> </div> </td> </tr> </table> </td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #fff;" width="100%"> <tr> <td style="padding:20px 0 !important;"> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; font-family: Poppins, Arial, Helvetica, sans-serif; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <img id="du" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e04e7cbb21833229d6_Asset%2056%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"> <p style="margin-top:6px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Here's a quick glance at the latest deal-related news in the market.</p> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f7cab4bd5e4cc19b0624_Asset%2060%404x.png" style="display: block; height: auto; border: 0;padding-top: 40px; max-width: 100%;margin-left:30px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.bloomberg.com/news/articles/2022-11-16/grab-posts-smaller-than-expected-loss-as-cost-cuts-kick-in?leadSource=uverify%20wall"> <b>Grab shifts focus towards adoption of cost cutting strategy post a significant drop in share price</b> </a> <br> <i style="color:#171723;font-size: 14px;">November 17th, 2022</i> </p> <br> <p style="margin-top:0px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> Grab reported a US$342 million loss for the July-September quarter, narrowing 65% from a US$988M loss for the same period last year, helped by cost cuts by the Southeast Asian ride-hailing and delivery giant. Furthermore, revenue more than doubled to US$382 million, dispelling fears that rising inflation and gloomy economic conditions would dampen customer spending. A slight increase in revenue forecasts was also announced by Grab. <br> <br> <b> Our Experts Opinion </b> <br> Grab's approach to focus majorly on optimizing costs and narrowing incentive spends has helped in breaking even the deliveries segment ahead of schedule. <br> While Grab is not out of the woods yet when it comes to near-term risks, a few trends are definitely encouraging when it comes to its earnings in Q3 2022. <br>Firstly, the company has broken even on an EBITDA basis on both ride hailing and deliveries businesses, ahead of its regional rivals GoTo and Sea Ltd. <BR>Secondly, the company's efforts away from being a Super App into consolidating its core businesses (ride hailing and deliveries) and reduction of incentives to customers seem to be bearing fruit. </p> <a href="https://www.bloomberg.com/news/articles/2022-11-16/grab-posts-smaller-than-expected-loss-as-cost-cuts-kick-in?leadSource=uverify%20wall" target="_blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; height: auto;width: 115px; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <img class="mx-200" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f7c98c1c3a422612895f_Asset%2059%404x.png" style="width: 280px;display: block; height: auto; border: 0;padding-top: 40px; max-width: 100%;margin-left:30px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.livemint.com/companies/news/after-paytm-meesho-joins-ondc-to-connect-buyers-with-hyperlocal-sellers-11669208653593.html" target="_blank"> <b>Meesho launches on ONDC platform to help connect buyers with hyperlocal sellers</b> </a> <br> <i style="color:#171723;font-size: 14px;">November 23rd, 2022</i> </p> <br> <p style="margin-top:0px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> A pilot program of Meesho's ONDC will be launched in Bengaluru in the coming months, before being expanded to other locations. In this way, registered buyers on ONDC can access a list of products available on ONDC through Meesho. <br><br> <b> Our Experts Opinion </b> <br> As this initiative will allow third-party sellers on ONDC to make their products visible to buyers on Meesho, it may result in expansion of the supply base on the platform. </p> <a href="https://www.livemint.com/companies/news/after-paytm-meesho-joins-ondc-to-connect-buyers-with-hyperlocal-sellers-11669208653593.html" target="_blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.financialexpress.com/industry/dunzo-to-zepto-quick-commerce-deliveries-may-not-be-as-fast-in-future/2886399/" target="_blank"> <b>Dunzo, among many quick commerce players, plans to shift focus on improving per-order profitability by increasing delivery charges </b> </a> <br> <i style="color:#171723;font-size: 14px;">November 23rd, 2022</i> </p> <br> <p style="margin-top:0px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> Quick commerce platforms promising ten-minute deliveries at low charges to consumers are shifting to adopt a different approach, where consumers will be charged for speedy deliveries. It includes platforms like Dunzo and Zepto, which have begun charging customers INR 3-7 per order, depending on the location, as handling charges in addition to delivery fees. <br> <br> <a style="color: #002D9C;" href="https://entrackr.com/2022/11/exclusive-dunzo-to-shut-down-some-dark-stores-in-ncr-and-hyderabad/" target="_blank"> This development was followed by Dunzo’s decision to shut down about 25% of its dark stores for cost optimization. </a> <br><br> <b> Our Experts Opinion </b> <br> This looks like a step in the right direction as currently Dunzo loses INR 230 per order as per an Entrackr report. The increase in delivery charges will impove unit economics, even though it might impact volume of orders. <br> These measures highlight a shift in Dunzo's focus on profitability. Aside from limiting itself to serving a smaller sliver of the billion plus Indian demographic (50-70 million), which resides in densely populated affluent neighbourhoods, the company's increase in delivery charges also responds to a push from new investors in its upcoming round of fundraise towards a quicker path to profitability. </p> <a href="https://www.financialexpress.com/industry/dunzo-to-zepto-quick-commerce-deliveries-may-not-be-as-fast-in-future/2886399/" target=" _blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block;width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <br> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.businessinsider.in/tech/news/spacexs-starlink-will-expand-internet-service-to-moving-rvs-trucks-and-cars-for-135/month/articleshow/95106316.cms" target="_blank"> <b>SpaceX's Starlink will expand internet service to moving vehicles in December 2022 </b> </a> <br> <i style="color:#171723;font-size: 14px;">October 26th, 2022</i> </p> <br> <p style="margin-top:0px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">As of May, Starlink for RVs was available only for parked vehicles. This new development will benefit the users to move locations as frequently as they pleased, rather than permanently setting up service in one spot. <br><br> <b> Our Experts Opinion </b> <br> As SpaceX has expanded internet services to moving vehicles including airplanes, trains, RVs, etc at a price of US$135/month, this development is expected to enable SpaceX to tap into markets where there is low-medium population density in a quicker pace. <br> </p> <a href="https://www.businessinsider.in/tech/news/spacexs-starlink-will-expand-internet-service-to-moving-rvs-trucks-and-cars-for-135/month/articleshow/95106316.cms" target=" _blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block;width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <br> <img src="https://drive.google.com/uc?export=view&id=1fEvJ3TcilDsbZLQeQlq2b5uwhaaxrcyu"style="width: 280px;display: block; height: auto; border: 0;padding-top: 40px; max-width: 100%;margin-left:30px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.livemint.com/companies/start-ups/prosus-turns-conservative-on-byju-s-as-stake-falls-below-10-11669225277297.html" target="_blank"> <b>Prosus marks down their investment in Byju's to a valuation of US$5.8 billion </b> </a> <br> <i style="color:#171723;font-size: 14px;">November 23rd, 2022</i> </p> <br> <p style="margin-top:0px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">South African technology investor Prosus NV has taken a conservative accounting stance for its stake in Byju’s parent Think & Learn Pvt. Ltd, valuing the Indian edtech firm at almost the same cost as its initial investment of about US$578 million. <br><br> <b> Our Experts Opinion </b> <br> This does not seem to be impacting Byju's valuation in the secondary market (US$22 billion) as Prosus's mark down is on account of it losing significant influence in the company, with its stake falling below 10%. It is on the basis of conservating accounting principles that Prosus has written down the valuation. As per an anonymous source cited in Livemint, Prosus's investment has been marked down to cost due to accounting changes. <br> </p> <a href="https://www.livemint.com/companies/start-ups/prosus-turns-conservative-on-byju-s-as-stake-falls-below-10-11669225277297.html" target=" _blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block;width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <br> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.cnbc.com/2022/11/28/how-ftx-death-spiral-spelled-doom-for-blockfi-according-to-filing.html" target="_blank"> <b>BlockFi, a cryptocurrency lending platform, has filed for bankruptcy in the wake of the failure of FTX US, which is one of the biggest creditors for BlockFi </b> </a> <br> <i style="color:#171723;font-size: 14px;">November 28th, 2022</i> </p> <br> <p style="margin-top:0px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">BlockFi has filed for Chapter 11 bankruptcy, under the laws of the U.S.A. BlockFi and FTX had signed a deal of extending a US$ 400 million revolving credit facility to the Company in order to meet its near-term cash obligations. In addition, it was agreed that FTX would hold an option to acquire all the equity in the Company for a valuation of up to US$ 240 million, based on certain performance triggers and earnouts. <br><br> <b> Our Experts Opinion </b> <br> There are two major factors contributing to BlockFi’s bankruptcy announcement - <br> 1. With its putative acquirer and provider of revolver credit facility now bankrupt, the bailout deal agreed between BlockFi and FTX in June this year is likely to be void, forcing the company to look for another creditor to help it with its immediate liquidity needs. <br>2. BlockFi itself had a loan exposure to Alameda Research, a related party entity of FTX, which defaulted on approximately US$680 million in funds lent to it by BlockFi, precipitating an immediate bankruptcy filing. As the company has filed a Chapter 11 bankruptcy, it will not immediately cease operations and will continue to work out on a plan to repay its creditors. <br> <a href="https://www.cnbc.com/2022/11/28/how-ftx-death-spiral-spelled-doom-for-blockfi-according-to-filing.html" target=" _blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block;width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:0px;" title="CTA"> </a> <br> </p> <img src="https://drive.google.com/uc?export=view&id=1VGJLn6pxhDytQfo2igD_FVCAVJqh2jE1" style="width: 280px;display: block; height: auto; border: 0;padding-top: 40px; max-width: 100%;margin-left:30px;" title="heading"> <br> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <a style="color: #002D9C;text-decoration:none;" href="https://inc42-com.cdn.ampproject.org/c/s/inc42.com/buzz/edtech-startup-skill-lync-acquires-online-learning-platform-crio/amp/" target="_blank"> <b> Edtech startup Skill-Lync acquired online learning platform Crio for an undisclosed amount</b> </a> <br> <i style="color:#171723;font-size: 14px;">November 21st, 2022</i> </p> <br> <p style="margin-top:0px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> The acquisition will aid Skill-Lync to enhance its offerings in the online education segment. Following this, Crio will work as an independent firm under the Skill-Lync Group. Both startups aim to provide employment opportunities to more than 25,000 students in the coming two-three years. <br> <br> <b> Our Experts Opinion </b> <br> Skill-Lync focusses on mechanical, electrical, electronics and civil engineering while Crio focusses on computer sciences. The acquisition provides an opportunity to build one of the best higher education platforms, and adds value by enhancing its offerings in the online education segment. Furthermore, continuous offerings like Skill Lync, have been a relatively less expensive micro-segment within edtech in India; with a customer base of a higher repeat rate and deeper pockets (tech sector employees), a comprehensive offering could help Skill Lync boost its service offerings better.<br> <a href="https://inc42-com.cdn.ampproject.org/c/s/inc42.com/buzz/edtech-startup-skill-lync-acquires-online-learning-platform-crio/amp/" target="_blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; height: auto;width: 115px; border: 0;padding-top: 10px; max-width: 100%;margin-left:0px;" title="CTA"> </a> </div> </div> </td> </tr> </table> <table id="wn" border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #012d98;" width="100%"> <tbody><tr> <td style="padding:20px 0 !important;"> <div style="font-family: sans-serif"> <a href="https://help.kristal.ai/hc/en-us/articles/7021948650257" target="_blank" rel="noopener noreferrer"> <img src="https://drive.google.com/uc?export=view&id=1csFaFESQGKEnahqZTn4_3S_dnpKkPLns" style="width:100%;"> </a> </div> </td> </tr> </tbody></table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #fff;" width="100%"> <tr> <td style="padding:20px 0 !important;background: #F2EFEA;"> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; font-family: Poppins, Arial, Helvetica, sans-serif; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <img id="id" class="mw-100" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e8e5b48acaee0a3d505cca_Asset%2084%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 350px;" title="Banner"> <p style="margin-top:6px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Discover interesting private markets facts and information right here!</p> <table style="width:100%"> <tr> <td style="width:50%" class="w100-section"> <img class="mw-200" src="https://drive.google.com/uc?export=view&id=1lbEcIecZtd2PyZ8HFvHwizcQCMtlD8-h" style="display: block; height: auto; border: 0;padding-top: 40px; max-width: 250px;margin-left:30px;" title="heading"> <a style="color: #002D9C;text-decoration: none;" href="https://kristal.ai/post/special-purpose-acquisition-companies-spacs" target="_blank"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <b>Special Purpose Acquisition Companies (SPACs)</b> </p> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> Click below to dive deeper into understanding the workings of SPAC in our blog - ‘Part 1: Is SPAC a better alternative to seek the benefits of public listing - at a lower price, and at a faster pace?’ </p> <br> <br> <a href="https://kristal.ai/post/special-purpose-acquisition-companies-spacs" target="_blank"> <img src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> </td> <td style="width:50%" class="w100-section"> <a href="https://kristal.ai/post/special-purpose-acquisition-companies-spacs" target="_blank"> <img class="image-blog" src="https://drive.google.com/uc?export=view&id=1EZYkZVe5l8SriK7SulWp3xo71Bs1DubD"style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"> </a> </td> </tr> </table> <img class="mw-200" src="https://drive.google.com/uc?export=view&id=16V0HXRChAjYvdpQNApXd9khYu2TV5v1E" style="display: block; height: auto; border: 0;padding-top: 40px; max-width: 200px;margin-left:30px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <b>Understanding Fractionalised Investments in Real Estate: FREs versus REITs</b> </p> <table style="width:100%"> <tr class="d-flex" style="vertical-align:middle;"> <td style="width:30%" class="w100-section"> <a target="_blank" href="https://lnkd.in/gguUMy7A"> <img class="image-blog22" src="https://drive.google.com/uc?export=view&id=17uVccynQef2SPK3y_PY7Wbv6mLfiDvDI" style="display: block; height: auto; border: 0;padding-top: 0px; max-width: 100%;" title="Banner"> </a> </td> <td style="width:70%" class="w100-section"> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:40px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>About</b> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Real-estate Investment Trusts (REITs) and Fractional Ownership (FO) have opened up a whole new world of investment opportunities for small investors who previously couldn’t access the benefits of real estate investing because of larger cheque size and lesser liquidity. <br> However, FREs and REITs are often confused. Thus, it is essential to understand the key differences between the two asset classes. <br> <br> In this snippet from our exclusive webinar on <b>‘Understanding Investments in Fractionalised Real Estate’</b>, watch Samir Bhandari, Chief Financial Officer of hBits, provide his insights and perspective on <b>FREs versus REITs</b>. <br><br> </p> </td> </tr> </table> <div style="text-align:center;"> <a href="https://lnkd.in/gguUMy7A" target="_blank"> <img style="width:170px;" src="https://cdn.prod.website-files.com/614a9edd8139f5def3897a73/62e22af3bc1fc69ee73505b0_Asset%2040%406x.png"> </a> <br> <br> </div> </div> </div> </td> </tr> </table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #fff;" width="100%"> <tr> <td style="padding:20px 0 !important;"> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; font-family: Poppins, Arial, Helvetica, sans-serif; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:22px;color: #002D9C;text-align:center;font-weight:300;"> <b>Intrigued to know more?</b> </p> <p class="w100-section" style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:center;width: 70%;margin: auto;font-weight:300;margin-top: 10px;margin-bottom: 20px;">Discover exclusive private market opportunities today with Kristal Private Markets. </p> <div style="text-align:center;"> <a class="gt-cta-2 onelink-signup" href="https://kristal.ai/kristal-private-markets?Medium=Blog&shortlink=30zv9owy&LinkType=Redirection&c=PMUpdatesBlog&pid=Organic&af_click_lookback=30d&af_xp=custom&refCode=PMUPDATESAUGUST"> Get Started ➔ </a> <br> <br> </div> </div> </div> </td> </tr> </table> </div>
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