Sid Jain

Sudhir Variyar, MD & Deputy CEO, Multiples Alternate Asset Management in his latest interview with DealStreetAsia, shares why continuation funds are gaining traction in India. ​ He also dives into Multiples’ sectoral outlook, rise of domestic capital, and why the IPO market is far from fatigued.​ ​ Read the full interview here: https://lnkd.in/dnKU-E7Q ​ ​ Renuka Ramnath, Sridhar Sankararaman, Nithya Easwaran, Manish Gaur, Kalpesh Jain, Rahul Chawla, Puneet Sanwalka, Kaveesh Thakker, KS Jangbahadur​ ​ #ContinuationFund #PrivateEquity #PoweringNewPossibilities

141

New #blog alert! "The development of an efficient, transparent and liquid #bond market in India can—and should—continue to be driven by #institutional players," writes Dr. Shagun Thukral, Ph.D, CFA, ACA, in this new blog post. Deep dive into the blog here - https://lnkd.in/duNp9YPW

118

3 Comments

In an exclusive chat with Moneycontrol, Naveen Kulkarni, CFA, FRM, ClO at Axis Securities, shares that the focus on growth will remain strong - keeping the inclination toward rate cuts high. Read the full interview here: https://lnkd.in/dYCx8Uwb Disclaimer: bit.ly/45Bhbyn #AxisDirect #RBI #InterestRates #Inflation #MarketOutlook #InvestingInsights #RateCut #StockMarketIndia #InvestmentStrategy

121

1 Comment

#Research | Can optimistic leadership stabilize markets? A new study co-authored by Prof. Saumya Ranjan Dash (IIM Indore), published in Finance Research Letters, finds that optimistic managerial tone in annual reports can soften the impact of macroeconomic shocks on stock liquidity, especially in firms with high information asymmetry. Using FinBERT sentiment analysis on NSE-listed firms (2014–2024), the study highlights how confident corporate communication enhances investor trust and trading resilience. Strategic disclosure isn’t just about compliance, it’s a financial stabilizer. #IIMIndore #CapitalMarkets #FinanceResearch #Research #CorporateCommunication #StockLiquidity #InvestorRelations Himanshu Rai

213

6 Comments

Gurugram-based value fashion retailer Citykart has raised Rs. 538 crore in its Series B funding round, making it one of the largest capital infusions in India’s value fashion segment to date. The round was co-led by TPG NewQuest, a secondary private equity platform for Asia within TPG, and A91 Partners, a homegrown growth investment firm. Read more: https://lnkd.in/gjVDcyHv #retail #business #news #market #updates #funding #growth #fashion Sudhanshu Agarwal| Brijesh Bhatia| Priyank Malhotra| Shweta kadian| Khushboo B.| Naval Kishor Baghel| Mohit Satija| suraj Pal| Arpit Tripathi| KETAN KARAN| Neeraj Singla| Munindra Pratap Singh| Ritika Lunawat Jain

174

2 Comments

When a leading Asian private equity firm wanted to assess a company in India’s payments space and evaluate the market growth opportunities, they turned to GLG. By tapping into GLG’s network of global experts with deep experience in payments and fintech, the client gained:  - A clear understanding of the point of sale (POS) payments market  - Insights into the industry landscape and competitive dynamics  - A defined strategy for potential investment decisions    The engagement helped the client map opportunities, assess risks, and build confidence in their investment strategy. Explore how GLG connects decision-makers with the insight they need to navigate critical opportunities in high-growth markets. https://ter.li/gg2o4m #glg #payments #fintech #privatequity #duediligence

61

Sharan Hegde's 1% Club has become the first finfluencer-led company in India to secure the SEBI-registered Investment Adviser (RIA) license. With this, the startup will now be able to offer personalised one-on-one financial planning services to its members, leveraging transparency, trust, and regulatory compliance. Notably, it aims to expand its footprint across major Indian cities to address the glaring need for certified financial advisors. Read the full story here:👇 https://lnkd.in/dX6yG3yT #sharanhegde #sebi #financialservices #finance #startup #mumbai #indianstartupnews

1,516

21 Comments

🚨 RevX Capital’s Rahul Chowdhury on the rise of private credit. With a micro fund strategy, RevX Capital is bridging India’s financing gap for mid-sized businesses. Founder Rahul Chowdhury shares how smaller funds are gaining traction by offering non-dilutive capital, faster deployment, and predictable liquidity. With a fund size of ₹500-750 Cr, RevX has backed brands like Farmley, Mivi, and CASHe, leveraging structured financing and rapid execution. As institutional capital becomes harder to raise, private credit is emerging as a preferred alternative. Read more: https://lnkd.in/dpUTsdUz By Anuj Suvarna #PrivateCredit #RevXCapital #FinancingSolutions #Investing #StartupFunding

99

SEBI’s 211th Board Meeting has set in motion wide-ranging reforms across India’s capital markets. From easing the Minimum Public Offer (MPO) requirements for large #IPOs to broadening anchor investor participation and revising RPT thresholds under LODR, the changes cut across the IPO lifecycle and beyond.   Our Early Impressions document, 𝗦𝗘𝗕𝗜 𝗕𝗼𝗮𝗿𝗱 𝗠𝗲𝗲𝘁𝗶𝗻𝗴 𝗦𝘂𝗺𝗺𝗮𝗿𝘆, distils these reforms into a concise, practical summary, designed to help market participants navigate the impact with clarity.   Read the full insights here: https://lnkd.in/deUuTqTB Jamil Khatri | Sandip Khetan | Anu Chaudhary | Ashish Gupta | Raghuram Kasiviswanathan | Sagar Lakhani | Shashikant Shenoy | Sharad Chaudhry | Vishwa Mishra | Srinath S #Uniqus #SEBI #CapitalMarkets #IPO #FinancialRegulation #UniqusInsights

68

Market-Beating Returns: Why Most Investors Are Getting It Wrong Our co-founder, Sandeep Jethwani, shares his views with The Economic Times on what causes underperformance in portfolios and insights on why two out of three investment portfolios underperform their benchmarks. In this column, Sandeep delves deep into how investors can create long-term wealth and manage market volatility through active portfolio management.  You can read the entire article here - https://lnkd.in/dzpHuY2E #activemanagement #PMS #Mutualfunds #createwealth #dezerv

81

CAM Blog: The latest post on our blog by Anu Tiwari, Shatrajit Banerji, Aditya Sarkar and Neville Tata is on ‘FIG Paper No. 47 (VDA Series 6) – Exploring Synergies between Traditional Finance and Decentralised Finance for India’. Read it at: https://lnkd.in/dVrtkKye #Cryptocurrencies #VirtualDigitalAsset #FinanceSector #BlogsbyCAM

52

In a recent article from VCCircle , Ankur Jain, CFA, MD, Private Credit Strategies at InCred Alternative Investments, sheds light on how private credit investors can navigate India’s rapidly evolving special situations landscape. He explores how regulatory reforms, capital scarcity, and distressed asset resolution frameworks are converging to create compelling opportunities for investors, particularly in sectors like infrastructure, real estate, and manufacturing. With India’s private credit AUM projected to hit $60–70 billion by 2028, Ankur highlights why this asset class is no longer a niche play but a growing frontier for alpha generation, provided one has the expertise to manage the complexity. 👉 Tap here to read the full article: https://lnkd.in/dpdS_y6V For investment inquiries or to learn more about our private credit strategies, reach out to: [email protected] #PrivateCredit #SpecialSituations #AlternativeInvestments #DistressedAssets #IndiaInvestment #InCredInsights

146

5 Comments

In our latest article, Swathi Ravi Girimaji and Sachit Ram explore the growing role of AI in private equity and venture capital funds, focusing on its impact on investment decisions and fund performance. As machine learning and deep learning tools become increasingly integrated into AIF operations, the lines of accountability for fund managers are blurring. With AI’s opaque decision-making processes raising concerns, the article explores the regulatory challenges ahead and the need for India’s regulatory framework to evolve with these technological advancements. Read the full article here: https://lnkd.in/gfPke_c2 #BharuchaandPartners #AI #VentureCapital #PrivateEquity #AIFs #InvestmentDecisions #MachineLearning #RegulatoryFramework 

57

Cyril Amarchand Mangaldas has acted for US-based asset manager, Bain Capital, on its proposed acquisition of joint control in Manappuram Finance, a gold loan provider, which was represented by Khaitan & Co. This move marks Bain Capital's shift from its traditional legal counsel, AZB & Partners, to CAM for Indian transactions. KKR made a similar switch earlier this year, by engaging CAM for its $400 million HCG acquisition. These developments indicate that major corporations are exploring new legal partnerships to enhance service offerings and achieve cost efficiencies. The CAM team for Bain was led by managing partner Cyril Shroff, senior partner L. Viswanathan and partner Anchal Dhir, with support from principal associate Shubham Rastogi, senior associates Surabhi Saboo, Aman Deep Borthakur and Varun Kannan, and associate Swini Khara. Partners Jian Johnson (regulatory due diligence), Arun Sadhanand Prabhu (technology), Swati Sharma (IP), Abhijeet Das (financial due diligence), Abe Abraham (employment), Avaantika Kakkar (competition) and Gazal Rawal (regulatory) assisted on the deal. Khaitan & Co's core team on this deal included senior partner Haigreve Khaitan, partners Vivek Sriram, Gautam Suseel, Abhishek Dadoo, counsel Gaurav Malhotra, principal associate Rahul Chandramouli, senior associates Atul Narayan, Vaasavi Sashiraman, and Vismita Gahlot, and associates Aanchal Kapoor, Partha Mansukhani, Vishnu Vasudevan, Gaurang Mansinghka, Niyati Karia and Shubhra Wadhawan, with assistance on antitrust issues from partner Anshuman Sakle. Nimitt Dixit https://lnkd.in/g-rmcnhA

52

Mirae Asset S&P 500 Top 50 ETF: 20% Motilal Oswal NASDAQ 100 ETF: 20% Mirae Asset NYSE FANG+ ETF: 19.4% Motilal Oswal NASDAQ Q 50 ETF: 19.4% No, these are not returns. They represent the premium at which those US-focused ETFs are traded in India compared to their fair value (NAV) as on Jan 2, 2025. For instance, below is the Mirae Asset NYSE FANG + ETF plot of price vs NAV. Let's understand why this is happening? 1️⃣You would have noticed optimism in the US markets after Donald Trump won the Presidential election in November 2024. Since Trump’s victory, Indian investors have also shown increased interest in taking exposure to the US markets. 2️⃣RBI has restrictions on Indian mutual funds investing in foreign securities and ETFs. The monetary limits are maxing out, and many fund houses have stopped accepting new investments into international funds. No new ETF units are being created. For now, US-focused ETFs in the secondary market are the easiest way for most investors to gain exposure to the US markets. Hence, demand for them went up. ↪️This is classic demand-supply economics: high demand, limited supply, prices rise. For ETFs, iNAV (indicative net asset value) shows the fair value based on the underlying index. This data is available publicly. Ideally, ETF prices must be close to iNAV. But US ETFs in India are trading at premiums, recently over 15%-20%! ❓What happens when we pay the premium? You know, overpaying for ETFs hurts your returns in the long run. ETF prices eventually match iNAV once the supply-demand mismatches fall in place. Here’s a perspective- The S&P 500 index gave ~17% annual INR returns in the last 10 years. Say, future returns are similar, and you pay a 20% premium now - you effectively make no returns for more than a year. 🎤Bottom line: Always compare ETF prices with iNAV before buying or selling. You can find iNAV on AMC websites, the NSE, or broker platforms. iNAVs of equity ETFs are usually updated in real-time. However, for international ETFs, there is no set frequency, and they are updated as new data arrives. If you want to learn more about ETF pricing, check the link to our blog in the comments.

191

14 Comments

Temasek Acquires 10% Stake in Haldiram's for $1 Billion Temasek will acquire a nearly 10% stake in Haldiram's snacks business for $1 billion, valuing the company at around $10 billion. The investment comes shortly after private equity giant Blackstone backed out of talks to acquire a minority stake in Haldiram's due to valuation concerns. Temasek's willingness to pay a premium highlights the strategic value it sees in the Indian snacks market Read full story: https://lnkd.in/gKsizwpw #Temasek #Haldirams #Investment #SnacksMarket #IndianBusiness #PrivateEquity #Valuation #FoodIndustry #StrategicInvestment #Blackstone #IndianMarket #BusinessNews #GlobalInvestment #GrowthOpportunity

801

3 Comments

#OnETNOW | 'Market Sensitive to Short-Term Changes' | Siddharth Vora's Strategy Shift Siddharth Vora, Fund Manager at PL Capital Group (Prabhudas Lilladher) Lilladher, has adapted to market volatility by shifting from a value-momentum strategy to quality and low-volatility stocks He now focuses on FMCG, consumer staples, durables, healthcare, AMCs, and insurance Watch here: https://lnkd.in/dyxXQudQ Srishti Sharma Snehi Shah

46

Inflexor Ventures eyes $150 Mn Fund-III first close in Q2 2025 Founded by Venkat Vallabhaneni, Jatin Desai, and Pratip Mazumdar, Inflexor Ventures currently manages over $120 million in assets under management (AUM). The firm has invested in more than 25 startups across deeptech, spacetech, cybersecurity, artificial intelligence, and consumer technology, reinforcing its reputation as a key player in India’s early-stage venture ecosystem. Read more :- https://lnkd.in/gbj2r7kZ #InflexorVentures #StartupFunding #DeepTechIndia #EarlyStageVC #InnovationDriven

26