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Jungle Ventures invested $20 million in Walko Food, an ice-cream brand and quick-service restaurant company. Investors are focusing on quick capital efficiencies and centralised infrastructure in the food brand sector. Startups with food brands raised significant growth-stage fundings.
Analysts expect more headwinds in the ‘underpenetrated, high opportunity market’ that is India’s tech sector, amid alarm balls from struggles of major market participants like Paytm and Byju’s.
Orient Growth Ventures' Fund-I is currently tracking an internal rate of return of 23%. While still in its early stages, the firm is optimistic about achieving its performance targets. The upcoming years will be crucial for evaluating the success of the fund.
IPO exits by private equity (PE) firms led to the aggregate tally decline. It also meant that 'volatile portfolio flows' were higher than 'durable FDI' flows during the period.
A bulk of the deals were concluded in the second half of the year and the largest exit route was through public market sales which includes exits at the time of listing as well as post IPO sales by the PE according to Arun Natrajan, founder of Venture Intelligence