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Eight Roads Ventures likely signed off from 2024 with a forgettable exit in India

VCCircle

VCCircle · 8m ago

Eight Roads Ventures likely signed off from 2024 with a forgettable exit in India

Eight Roads Ventures, a global venture capital firm, concluded 2024 with an unremarkable exit in India. The firm, known for its investments in technology and healthcare companies worldwide, made several investments and exits in India throughout the year. However, the specifics of these deals are not mentioned in the summary, leaving room for further information to be provided.

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Peek at Eight Roads' multi-bagger exit from logistics soonicorn Shadowfax

VCCircle

VCCircle · 1y ago

Eight Roads Ventures, a venture capital firm, has achieved significant returns from its partial exit from logistics company Shadowfax. Eight Roads Ventures initially invested in Shadowfax approximately nine years ago and has now sold part of its stake for substantial profits. The VC firm specializes in technology and healthcare investments worldwide and operates in various regions, including China, Japan, Europe, Israel, and the US. This successful exit highlights the potential for high returns in the technology-focused logistics sector.

Eight Roads scores another multibagger partial exit

VCCircle

VCCircle · 11m ago

Eight Roads scores another multibagger partial exit

Eight Roads Ventures, a global venture capital firm, recently achieved a partial exit from a startup that it had invested in five years ago. This success follows the firm's previous successful investment in Shadowfax earlier this year. As a venture capital firm focused on technology and healthcare investments worldwide, Eight Roads Ventures has a history of identifying promising opportunities and generating significant returns.

Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services

Inc42 · 1y ago

Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services

Logistics services startup Shadowfax has raised $100 million in Series E funding led by TPG NewQuest, with participation from existing investors including Flipkart, International Finance Corporation, and Qualcomm. This funding round also allowed Eight Roads Ventures, an early investor in the company, to partially exit. Shadowfax plans to use the capital to strengthen its middle-mile network and expand its last-mile delivery services. The startup, founded in 2015, operates across 15,000 pin codes in India and processes 1.5 million orders per day.

Warburg Pincus wraps up $270 mn India exit but falls short of benchmark

VCCircle

VCCircle · 11m ago

Warburg Pincus wraps up $270 mn India exit but falls short of benchmark

Private equity firm Warburg Pincus has completed its exit from India, which falls short of the benchmark set in the market. The firm has been taking advantage of high market valuations and has recently signed off from a pharmacy retail chain it backed a decade ago. Warburg Pincus has been on an exit spree in India for the past two years.

Warburg Pincus in talks to invest $100-150M in SaaS startup Whatfix: Report

YourStory

YourStory · 1y ago

Warburg Pincus in talks to invest $100-150M in SaaS startup Whatfix: Report

US private equity firm Warburg Pincus is expected to lead a funding round of $100-150m for software-as-a-service (SaaS) company Whatfix, which is backed by SoftBank. The round is also likely to see participation from SoftBank, while existing investors Helion Venture Partners and Eight Roads Ventures will make partial exits. The Bengaluru and US-based firm is reportedly seeking a primary valuation of $800m, with the secondary share sale expected to take place at a discounted rate. Whatfix provides in-app guidance and performance support for web applications and software products.

Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit

VCCircle

VCCircle · 8m ago

Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit

Indian pharmaceutical company Laurus Labs is securing equity funding of INR 120 crore ($14.2 million) from global venture capital firm Eight Roads Ventures and F-Prime Capital for its biotech unit, Laurus Bio. Laurus Labs will also invest an additional INR 40 crore in the unit. The investment will support Laurus Bio's expansion of fermentation-based manufacturing capabilities and drive growth opportunities in manufacturing and R&D infrastructure. Following the transaction, Laurus Labs, Eight Roads Ventures, and the promoters of Laurus Bio will hold stakes of 75%, 14%, and 9%, respectively. Laurus Labs entered the biotech sector in 2020 through acquiring a majority stake in Richcore Lifesciences, later renamed Laurus Bio.

General Atlantic to acquire Ujala Cygnus, early backers to exit

VCCircle

VCCircle · 1y ago

General Atlantic to acquire Ujala Cygnus, early backers to exit

US private equity firm General Atlantic is set to acquire a majority stake in regional hospital chain Ujala Cygnus, providing an exit for early investors Eight Roads Ventures, Somerset Indus Capital, and Evolvence Capital. The financial terms of the transaction have not been disclosed. The investment from General Atlantic will be used by Ujala Cygnus to enhance its clinical and civil infrastructure and expand its comprehensive care capabilities. This acquisition is part of a trend of private equity firms investing in Indian healthcare companies, driven by the increased demand for quality healthcare infrastructure due to the Covid-19 pandemic.

GEF Capital set to score high returns from India portfolio co

VCCircle

VCCircle · 1y ago

GEF Capital set to score high returns from India portfolio co

GEF Capital Partners, a private equity firm focused on clean energy, is set to achieve high returns from its India portfolio. The firm, which recently raised a new fund with a larger mandate, has signed off from one portfolio company and is now initiating another exit. GEF Capital spun out from the Global Environment Fund in 2016 and is showing promising growth in the Indian market.

Accion, Leapfrog minting money from India bet but IFC sitting on a loss

VCCircle

VCCircle · 11m ago

Accion, Leapfrog minting money from India bet but IFC sitting on a loss

Accion and Leapfrog Investments, global impact investors, are seeing significant returns on their investment in an Indian non-bank lender. However, the International Finance Corporation (IFC) is facing a loss. Alongside Accion and Leapfrog, other investors such as Eight Roads Ventures, Sumitomo Mitsui Banking Corporation, and alternative investment funds in India have also invested in the non-bank lender.

D2C activewear brand BlissClub raises Rs 33 crore in round led by Elevation Capital

Economic Times

Economic Times · 3m ago

BlissClub, a Bengaluru-based direct-to-consumer activewear brand focusing on women, raised Rs 33 crore in funding led by Elevation Capital and Eight Roads Ventures. The funds will address working capital, capital expenditure, and other corporate needs. Established in 2020, BlissClub initially sold products online before expanding to offline stores, competing with fast fashion brands. The company reported Rs 92 crore in revenue for the financial year ending March 31, 2024, though FY25 filings are pending.

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