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Katya Naidu
29 Sep 2023, 11:29

PE and VC investors make a killing in the 2023 bull market

PE and VC investors make a killing in the 2023 bull market

PE and VC investors make a killing in the 2023 bull market

Indian stock markets have appreciated by over 7% in the last one year. The benchmark indices have also hit life-time highs multiple times during the year. New-age internet companies too have been charting a path to profitability and have been gaining value, allowing strategic investors to exit them. PayTM has seen the most sell-offs — with four block deals to the tune of ₹5,880 crore. Alibaba, Morgan Stanley Investment Management and Softbank were the top sellers.

Brewing capital: Third Wave Coffee raises Series C funding with participation from existing investors
Anagh Pal
28 Sep 2023, 18:23

Brewing capital: Third Wave Coffee raises Series C funding with participation from existing investors

Third Wave Coffee, a quick-service restaurant (QSR) coffee and food brand, has secured $35 million in a Series C funding round, led by private equity fund Creaegis, along with contributions from its current backers.The company says that the funds will be channelled towards nationwide growth, strengthening its supply chain, improving its operational capacities, and making strategic technology investments.

Startup funding hits a 5-year low in July-September quarter
Katya Naidu
27 Sep 2023, 17:46

Startup funding hits a 5-year low in July-September quarter

Indian startup funding hit a five-year low in the third quarter of the calendar year, says a report by Tracxn. Startups raised $1.5 billion in Q3 – shrunk by almost a third on a when compared to the previous quarter, and halved year-on-year. Early-stage and seed-stage funding plummeted by 74% and 75% respectively, on a YoY basis. Late-stage rounds, in comparison, witnessed a 33% reduction.