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News on Medial
IPOs likely in fintech sector, M&As yet to see traction: Elevation Capital
Livemint
·
1y ago
Medial
Elevation Capital, an investor in fintech companies, is increasing its focus on the sector. The firm has already invested in companies such as Paytm, Acko, Swiggy, and Mintifi. Elevation Capital partner Mridul Arora stated in an interview that they expect several Indian tech firms to go public in the next few years, with many of them being profitable. Regarding M&A, Arora believes it is difficult for lending companies and expects fintech M&A to take time to gain traction. The firm's portfolio includes companies like Swiggy, Urban Company, Ixigo, FirstCry, Xpressbees, Aye Finance, and Mintifi.
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Elevation Capital presses sell button with over 10x bagger
VCCircle
·
1y ago
Medial
Elevation Capital, a prominent venture capital firm in India, has recently experienced a successful exit, despite the difficulties faced by one of its key investments, Paytm. Elevation Capital has been a major investor in Indian technology startups and continues to make valuable exits. The firm recently raised significant funds and has been actively investing in the fintech sector. With its track record of profitable exits, Elevation Capital remains a significant player in the Indian startup ecosystem.
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How investors struck gold in the new-age IPO boom
Economic Times
·
1y ago
Medial
A wave of venture-backed new-age firms going public in second rounds of initial public offerings (IPOs) has become lucrative for investors such as Peak XV Partners, Elevation Capital, ChrysCapital, A91 Partners, and TVS Capital. Mamaearth parent Honasa Consumer started the trend in October 2021, with other companies like Go Digit, Awfis, and ixigo following suit. Earlier this year, companies like Zomato, Nykaa, PB Fintech, Paytm, and Delhivery also went public, further contributing to the investor gold rush in the IPO market.
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Value of fintech-led businesses to rise to $400 billion by 2030: report
Economic Times
·
1y ago
Medial
A report by Elevation Capital projects the creation of about $400 billion worth of businesses in India's fintech sector over the next seven years, growing four times from current levels. The sector is expected to tap into a revenue pool of around $70 billion out of the overall financial services revenue pool of $620 billion by FY2030. The report highlights that India now has the world's third-largest fintech ecosystem, with over 9,000 fintech startups, following the US and UK. SME lending, retail lending, and fintech SaaS are identified as key innovation opportunities.
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Value of fintech-led businesses to rise to $400 billion by 2030: report
Economic Times
·
1y ago
Medial
A report by Elevation Capital projects the creation of about $400 billion worth of businesses in India's fintech sector over the next seven years, growing four times from current levels. The sector is expected to tap into a revenue pool of around $70 billion out of the overall financial services revenue pool of $620 billion by FY2030. The report highlights that India now has the world's third-largest fintech ecosystem, with over 9,000 fintech startups, following the US and UK. SME lending, retail lending, and fintech SaaS are identified as key innovation opportunities.
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Sebi clears IPOs of Sunshine Pictures, M&B Engineering, and Lumino Industries
Economic Times
·
1m ago
Medial
The Securities and Exchange Board of India (SEBI) has approved IPOs for Sunshine Pictures, M&B Engineering, and Lumino Industries. Sunshine Pictures plans to issue 83.75 lakh shares, with proceeds aimed at working capital and corporate needs. M&B Engineering will raise Rs 653 crore, targeting machinery, debt repayment, and working capital. Lumino Industries seeks Rs 1,000 crore, with a focus on debt reduction, capital expenditure, and general purposes. These IPOs reflect a diverse range of industries entering the market.
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From Scapia To Kiwi — Indian Startups Raised $61 Mn This Week
Inc42
·
1y ago
Medial
Indian startups raised $61 Mn across 10 funding deals, a 38% week-on-week markup. The highest funding deal of the week was by fintech startup Scapia, which raised $23 Mn from Elevation Capital and 3STATE Ventures. The fintech sector emerged as the most funded sector, raising a total of $36 Mn across two deals. Ecommerce saw the highest deal count with five deals sealing $15.5 Mn. In terms of acquisitions, Adobe acquired Bengaluru-based AI-powered video creation platform Rephrase.ai.
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Elevation Capital promotes two executives to partners
VCCircle
·
9m ago
Medial
Venture capital firm Elevation Capital has promoted two of its executives, Vaas Bhaskar and Chirag Chadha, to the position of partner. The firm also elevated Ashray Iyengar to principal from vice president. Elevation Capital's investments include companies such as Paytm, Swiggy, and Meesho. Chadha focuses on consumer tech and brands, while Bhaskar looks after fintech investments. Iyengar, a former member of the founding team at fintech unicorn Cred, works across consumer tech and fintech sectors.
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Visa acquires Brazilian fintech startup Pismo in $1B blockbuster deal
TechCrunch
·
2y ago
Medial
Credit card giant Visa is acquiring Brazilian payments infrastructure startup Pismo for $1 billion in cash in what is likely one of the largest fintech M&A deals taking place this year so far.
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Elevation Capital scores in tech exit as portfolio grows to $150 mn
VCCircle
·
2m ago
Medial
Elevation Capital, a prominent venture capital firm actively investing in Indian tech startups, recently exited an old internet investment as the portfolio grew to $150 million. Previously known as SAIF Partners, Elevation Capital has been influential in nurturing startups, reflecting its strategic moves in the tech sector over the past decade. The firm's successful exit highlights its ability to identify and support rapidly growing technology companies in the Indian market.
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M&A Deal Value In India Drops 27 Per Cent In 2023: Report
OutlookIndia
·
1y ago
Medial
M&A deal value in India dropped by 27% in 2023 to USD 136 billion, according to a report by Deloitte India. Despite global challenges like high-interest rates, economic uncertainty, and geopolitical risks, India's M&A landscape remained resilient in 2023. The report predicts a steady deals market in 2024, driven by the manufacturing sector, especially automotive and electric vehicles. The energy sector is expected to experience significant M&A activity due to the government's focus on clean energy. The financial services sector will see consolidation and responses to regulatory changes driving M&A, while private equity activity is projected to remain steady.
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