Money control pro11/26/2023 ![]() ![]() To mark its first anniversary, we are opening the paywall to the public for three days from April 18 to 20. Technical Picks: Engineers India, Crompton, Coal India, SAIL, USD-INR and Crude oil (These are published every trading day before markets open and can be read on the app).Moneycontrol Pro, the premium financial content subscription service from Network18, turns one next week. Manipur violence is a blow to BJP’s hopes in poll-bound Mizoram Predictability of growth and demand pushes small town India’s fortunes The actual climate costs are not the spends on achieving net zero emissions Saudi should realise oil demand is shifting for good ![]() Siemens: Minority shareholders upset, will they stave off sale of motors business?ĭoes AAP still have the potential to surpass Congress? BJP seems to think so What is driving the US stock market higher this year?Ĭhart of the Day: India tops the pack in APAC office property market Hindalco Industries: Should you look at the stock amidst the near-term headwind?īharat Electronics: Strong orders fire up the growth cannon Nykaa: Should investors buy the stock, post the steep correction?Īshok Leyland: Sector tailwinds add to its horsepower Investing insights from our research team That said, data from Venture Intelligence on funding - negative both for month-on-month and year-on-year growth - does not warrant a celebration over start-up funding yet. So, it could be a good time for domestic investors to throw their investing net over start-ups that may come at reasonable valuations. Issues such as inflation, the banking crisis and the looming debt ceiling that is pending a decision continue to haunt the region. Meanwhile, it is known that the US financial system is not in the pink of health. In India too, crowned unicorns such as MobiKwik, VLCC, Oyo, Mamaearth, Byju's and Swiggy are stranded, at least until investor appetite for start-ups improves and can digest initial years’ losses. Indeed, in India as in other parts of the world, the turmoil in the IT, technology and fintech sectors has put entrepreneurs in the dock, with even planned public issues having to be shelved. Perhaps, PE and VC funds are making a comeback in a new avatar. Media reports suggest that investors are exploring debt-like structured financing that could find use in late-stage financing, perhaps to support worthy tech start-ups. Is the funding winter beginning to thaw? Arun Natarajan, founder of Venture Intelligence, in this article points out that while there is no breakout Indian artificial intelligence (AI) start-up with a mass consumer facing application yet, VCs have been busy backing start-ups that apply AI for specific verticals.Īlso, read about Cathie Wood of Ark Innnovation ETF fame, who is set to back “disruptive innovation” such as AI. What started with a disappointing performance and a slowing outlook in the tech sector was precipitated by other factors such as rising interest rates, high cost of funds and several banks with exposure to start-ups going belly up!īut as the old adage goes, after every winter there is spring. However, along with the funding winter globally faced by start-ups, that affected money flows into loss-making entities, SoftBank’s investments too have been falling over the past two years globally and in India. Note that SoftBank was in the spotlight a few years ago in India, for early and huge investments into hotel aggregator OYO, and e-commerce platform Meesho, among several others. While the stake per enterprise may be lower than what was seen earlier, it is open to providing exits to cash-strapped entrepreneurs. It is in talks with five Indian start-ups, according to media reports. The Masayoshi Son-led investment platform, according to media reports, is open to funding companies that could turn into unicorns. Notwithstanding mounting losses from its past investments, Japanese tech investor SoftBank is back in the news as it scouts for start-ups to fund. One thing that stands out among private equity (PE) investors or venture capitalists is the ‘never say die’ attitude. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. ![]()
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