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With this funding, Beacon.li aims to expand its AI capabilities, scale its global footprint, and further enhance enterprise automation
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Veteran investors Sanjay Nayyar and Prashanth Prakash talk about missteps that led to trouble at two of India's most high-profile startups
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Several Bengaluru companies are in the process of launching public offerings, Accel India's founding partner Prashanth Prakash has said amid debate over fewer 'tech city' firms tapping the market
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Sorin Investments founder Sanjay Nayar dismissed concerns about a funding winter, saying that the real problem is the lack of quality investment assets.
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He replaced SpiceJet Chairman and MD Ajay Singh, who completed his tenure as the chamber's president.
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The investment marks the first bet for Sorin Investments, an early-stage tech fund founded by private equity veteran Sanjay Nayar, Former Chairman of KKR India. The likes of Pirojsha Godrej, Anant Goenka, Apoorva Patni, Keki Mistry, Ranu Vohra & Dhanpal Jhaveri also participated in the round.
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FlexiLoans.com said that the investment round provides it a strong runway for its growth as it comes at a time when there is a fintech push by the government, especially for the MSME sector.
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Sanjay Nayar, Founder, Sorin Investments and Angad Banga, Chief Operating Officer of Hong Kong-based diversified firm, The Caravel Group, speak exclusively to Moneycontrol’s Ashwin Mohan on their latest project together – $135-million venture capital fund Sorin Investments which will back early stage tech startups. The Nayar and Banga family go back a long way as both Sanjay and Angad worked together at private equity firm KKR and The Caravel Group is Nykaa’s first and largest external investor. The Caravel Group also backs Meesho and NBFC FlexiLoans.
Both spoke about:
1) Why launch a VC fund now when biggies are pulling back?
2) How will Sorin Investments differentiate itself from peers in a crowded market ?
3) Key lessons as a dealmaker for Sanjay Nayar in his 3.0 era post Citi & KKR
4) The startup funding winter ( firms shutting, job cuts, down rounds) & valuation impact
5) The Caravel Group’s investment philosophy & India investment plans
6) Pressure on startup/tech stocks like Nykaa post an impressive market debut
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Joseph Bae, Co-President and Co-COO of KKR acknowledged Nayar’s role in establishing the business in India
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The stake-sale process is aimed at raising growth capital and strengthening the Piramal group’s balance sheet.
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Aditya Puri, MD of HDFC Bank, who heads CNBC-TV18‘s India Business Leader Awards (IBLA) jury, said that if demonetisation is executed as envisaged, then it will bring in a lot of efficiencies.
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Speaking to CNBC-TV18, Sanjay Nayar, CEO of KKR India said that manufacturing is the exciting segment now. “With operational ease in India, manufacturing has to remain top priority for us,†he said.
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RBI Governor Raghuram Rajan kept the key policy rate unchanged in his last policy meet -- as expected, and brought down the curtains on what could said to be a stellar inning. CNBC-TV18 spoke to a wide spectrum of people from different walks of life to share their views on the outgoing governor.
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Fosun Pharma complements the injectables platform created by Gland Pharma and provides scope to expand into front-end marketing, said Gland's Vice Chairman and Managing Director Ravi Penmetsa.
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Speaking to CNBC-TV18 SBI Chairman Arundhati Bhattacharya said the reason for banks proposing to hold majority stake in these funds was that they feel the pain most.
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"Mantri Developers Pvt Ltd has signed a definitive agreement with leading global investment firm KKR under which KKR will invest Rs 145 crore in a luxury residential project in Bangalore developed by Mantri Developers," the Bengaluru- based realty firm said in a statement today.
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About 15-20 National Company Law Tribunals will be set up to hear insolvency cases. The first case can come within a year itself, says MR Umarji, Member, Bankruptcy Law Committee.
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Watch accompanying videos of Antique India Conference 2016, wherein eminent guests like Dilip Shanghvi, MD of Sun Pharmaceutical Industries, Adi Godrej, Chairman of Godrej Group and Sanjay Nayar, CEO of KKR India expressed their views about Budget and economic reforms in India.
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Sanjay Nayar, CEO at KKR India says, it is crucial to identify the problem early enough and not wait till the condition of the corporate becomes so bad that you lose equity value. “There is no point throwing good money after bad, “he adds.
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The deal, valued at approximately Rs 489 crore, will lead to a 25 percent stake of KKR Jupiter in JBF Industries, a leading manufacturer of polyester value-chain products.
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In an interview with CNBC-TV18's Sapna Das, Sanjay Nayar of KKR Advisors says he is going to be focussed on macros because that's what is going to be driving the India story in the short-term.
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As it prepares a new regulatory framework for startups and alternative investments, regulator Sebi on Thursday set up an 18-member panel headed by IT czar NR Narayana Murthy to advise on policy matters in this regard.
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This is the second post-retirement assignment for Reserve Bank Deputy Governor Anand Sinha, who had earlier been hired in an advisory role at law firm Amarchand & Mangaldas.
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It is the eve of the Budget and the wish list continues to get longer and longer. In an interview to CNBC-TV18, Sanjay Nayar, CEO & Country Head – India, KKR India shares his expectations from Finance Minister Arun Jaitley tomorrow.
