SBI Ventures Limited’s Post

Nazara Technologies Limited has successfully raised ₹855 crore (approximately $101.3 million) in funding from a group of investors, including SBI MUTUAL FUND, Mithun Sacheti (founder of CaratLane - A Tanishq Partnership), Aamara Capital Private Limited, and others. The funds will fuel Nazara’s growth initiatives in the gaming and sports media sectors, as disclosed in a filing with the stock exchanges. The company has received in-principle approvals from BSE and NSE for the allotment, with final listing and trading approvals anticipated shortly. SBI Mutual Fund emerged as the largest investor, acquiring 23.05 lakh shares for ₹219.99 crore. Junomoneta Finsol Pvt. Ltd. and Think India Opportunities Master Fund LP followed, each purchasing 15.71 lakh shares for ₹150 crore and ₹149.99 crore, respectively. Mithun Sacheti, along with his brother Dr. Siddhartha Sacheti (CEO of Jaipur Gems), invested ₹74.99 crore during the private placement round. Other participants in the round included Madhusudan Kela’s Cohesion MK Best Ideas Sub-Trust, Aamara Capital, Discovery Global Opportunity (Mauritius), Ratnabali Group, and Meenakshi Mercantiles. Following this funding round, Nazara’s total outstanding equity shares have increased from 7.65 crore to 8.55 crore.

Catch up on the latest trends and insights from the PEVC world in the December '24 edition of Winpe PEVC Express! Stay informed and keep ahead of the curve with us. Check it out now! 💡 Business Standard The Economic Times Livemint News Today Coller Capital Venture Intelligence Kotak Mahindra Bank Deccan Herald Indian Railways #news #investing #trends #investmentindustry #privateequity #venturcapital #genderbalance #Winpe

The Mumbai based hBits a platform for investing in commercial real estate, has raised Rs 40 crore in a Series A funding round from Capricon Realty Private Limited , an entity of the Thackersey Group.The funds will be used to enhance its AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience.Co-founded by Shiv Parekh and Samir Bhandari hBits aims to empower commercial real estate investment in India. The platform enables investors to access high-yield, Grade-A commercial properties with an entry ticket as low as Rs 10 lakhs. #venturecapital #investment #funding

🆕 🚨 Vineet Sukumar, founder of Vivriti Capital discusses with DealStreetAsia why India has growth potential in private credit markets, key sectors of interest, and details about Vivriti's upcoming fund. 💰 Vivriti Asset Management is launching its third private credit fund of $180 million, joining the likes of many domestic and international players that aim to bank on this opportunity in India. Examples include BlackSoil, Cerberus Capital Management, InCred Financial Services, Goldman Sachs, 360 ONE Wealth. ➡ Read the full interview: https://lnkd.in/g8cqAVsd #privatecredit #india

The Indian private equity space is evolving. Today, the conversations about secondaries are brimming with hope and not skepticism. With all that we are building, this hope is turning into a reality. A reality where secondaries in private equity are a norm rather than an exception. If you are a founder, an LP/GP, an equity holder, or a secondaries investor looking to learn more about what we offer, head over to https://incentiv.finance today! Diganth Jagadish Chetan Pasari Indranil Tiwary Ranjit Sundaram

🚨 YS Exclusive: RevX Capital launches second fund; aims for Rs 750 Cr corpus RevX Capital is set to launch its second private credit fund, aiming to raise ₹750 crore, including a greenshoe option of ₹250 crore. With ₹400 crore already committed across 28 companies, the fund focuses on manufacturing, B2B, and agriculture sectors. 📝 Highlights: -First close at ₹250 crore expected on Jan 14 post-SEBI approval. -Investments: ₹2.5–₹30 crore/company for working capital, capex, and unique needs. -Portfolio: Mivi, Farmley, Ayekart, & more. -Private credit booms as an alternative for mid-sized corporates, attracting HNIs and family offices with high returns. 🌟 Read more at: https://lnkd.in/giAwavRU By Anuj Suvarna #PrivateCredit #RevXCapital

#Mumbai-based gaming and sports media giant Nazara Technologies Limited has raised ₹855 crore (around $100 million) in a fresh funding round via a preferential issue of shares. The funds will be utilized to fuel the company’s strategic growth initiatives, including acquisitions and market expansion, as per the board's approval on November 27, 2024. Key Investors in the Round The funding was spearheaded by the SBI Innovative Opportunities Fund, which invested ₹220 crore for over 23 lakh shares. Other significant contributions came from Junomoneta Finsol Pvt. Ltd. and Think India Opportunities Master Fund LP, each committing ₹150 crore. Prominent investors Siddhartha Sacheti and Mithun Padam Sacheti also participated with ₹75 crore each. Additional backers included Cohesion MK Best Ideas Sub-Trust, Chartered Finance & Leasing Limited, and Discovery Global Opportunity (Mauritius) Ltd, alongside smaller contributions from Ratnabali Group Investment Private Limited, MEENAKSHI MERCANTILES LTD , and Aamara Capital Private Limited. Chirag Shah | Rajiv | Yogesh | Vikash Mittersain | Nitish Mittersain | Anupriya | Saikat | Deepak | Mridul | Usha | Abhishek | Richa | Pradeep | Mithun Sacheti | Siddhartha |

Nazara Technologies UK, a wholly-owned subsidiary of Nazara Technologies Limited, has entered into a loan agreement with Kiddopia®, the wholly-owned subsidiary of Paper Boat Apps, according to a recent BSE filing. As part of this internal investment, Kiddopia will disburse Rs 75 crore (approximately GBP 68,00,000) to Nazara UK in one or more tranches. The funds will be used for business purposes and the repayment of existing loans, in compliance with applicable laws. In a major development, Nazara Technologies Ltd, which owns both Nazara UK and Paper Boat Apps, also entered into a share subscription agreement with SBI Funds Management under its SBI Innovative Opportunities Fund to raise Rs 220 crore. The company will issue 23.5 lakh equity shares at Rs 954.27 per share as part of this agreement, amounting to Rs 220 crore. Read more at: https://lnkd.in/gxJdbpFi Nitish Mittersain

𝗭𝗲𝗿𝗼𝗱𝗵𝗮 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗥𝗲𝗮𝗽 ₹𝟱𝟬,𝟬𝟬𝟬 𝗖𝗿𝗼𝗿𝗲 𝗶𝗻 𝗣𝗿𝗼𝗳𝗶𝘁𝘀 𝗢𝘃𝗲𝗿 𝗙𝗼𝘂𝗿 𝗬𝗲𝗮𝗿𝘀, 𝗨𝗻𝗿𝗲𝗮𝗹𝗶𝘇𝗲𝗱 𝗚𝗮𝗶𝗻𝘀 𝗮𝘁 ₹𝟭 𝗟𝗮𝗸𝗵 𝗖𝗿𝗼𝗿𝗲 Zerodha's Co-Founder, Nithin Kamath, revealed that investors on their platform have realized ₹50,000 crore in profits over the past four years, with unrealized gains amounting to ₹1 lakh crore. This comes as AMFI reports record monthly inflows for equity mutual funds in May, driven by new fund offers. Zerodha’s assets under management (AUM) now stand at ₹4.5 lakh crore, reflecting a significant equity market boom post-pandemic. #finance #news #Zerodha #EquityMarkets #InvestmentGrowth Source:- https://lnkd.in/dcJmaM6B

Here to express gratitude to the entire panel comprising of Anand Prasanna - Iron Pillar, Gopal Srinivasan - TVS Capital Funds, Ajit Kumar - Evolvence India Evolvence Capital, Ashish Agrawal - Resurgent India Limited, Vivek Jha - Fox Mandal & Associates & VT Bharadwaj - A91 Partners at the Venture Intelligence Conclave 2024 Arun Natarajan. Thank you for all the insights and knowledge shared. Below is the glimpse of the QnA session where we discussed the growing secondary market space in India. Full YT video link: https://lnkd.in/dfYnvHmQ incentiv https://incentiv.finance/ Ranjit Sundaram Diganth Jagadish Indranil Tiwary #SecondaryMarket #PrivateEquity #Incentiv