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India has emerged as the third largest ecosystem for startups globally with over 116,679 recognized ventures across the country. However, startup funding in India has declined to a five-year low figure in 2023.
Hungry for Stressed Assets Private equity and stressed asset funds continue to show interest in acquiring value assets undergoing insolvency proceedings despite delays and litigation Illustration by Raj Verma The battle for acquiring Dewan Housing Finance Ltd, the first financial service provider to go through insolvency proceeding, is intensifying with Adani group's last minute 'revised' offer, taking other bidders, also called resolution applicants, by surprise. While others in the race - Piramal Enterprises and foreign distressed asset firms such as Oaktree Capital and SC Lowy - took umbr...