Spotlight

• The Indian Venture & Alternate Capital Association (IVCA) hosted the first edition of Maximum India Conclave (MIC) on 6-7-8 October 2021. The conference was focused on adding India as an opportunity for LPs looking to invest in India and enhance investments for LPs who already have exposure. Designed to share knowledge, insights, deep research on sectors, themes, and build a collaborative, supportive investment community, an invite-only event, MIC had been curated for the Global Investment Community, evaluating destination India as an investment opportunity.

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• This event was being hosted in the presence of the Government of India to discuss the $5 trillion economy vision and role of Private Equity with the sole aim to expand the pools of money being invested in the country and prompt the domestic as well as global investors who have India in their checklist of probable Investment decisions and are considering adding India to their research and coverage.
View Recordings
 
 
Advocacy
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With Union budget 2022-23 around the corner, this month IVCA made the Pre-Budget Submissions (Critical ask for AIFs growth) to the following government officials such as Revenue Secretary, Finance Secretary Department of Finance, Secretary & Additional Secretary Department of Economic Affairs, Chairman & Joint Secretary CBDT, SEBI, Chairman IFSC, DPIIT, Chairman Parliamentary Standing Committee.
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IVCA few members such as Mr. Gopal Srinivasan, Mr. Ashish Fafadia, Mr. Ashley Menezes, Mr. Sunil Goyal, Mr. Siddharth Pai, Ms. Padmaja Ruparel, Mr. Harshal Kamdar & Mr. Sehraj Singh attended the Pre budget roundtable organised by DPIIT in presence of key government officials from GST Council, CBIC & CBDT on Tax related issues dated 27th Oct 2021. The departments seemed quite responsive.
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IVCA Chairperson Ms. Renuka Ramnath and senior board member Mr. Gopal Srinivasan met Shri Sanjeev Sanyal, Principal Economic Advisor on 26th Oct 2021 to discuss the most critical industry issues.
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IVCA submitted response to the queries from PMO office on Taxation of carried interest in various Global Jurisdictions & GST on Management Fee - International comparables with GST/VAT on 14th Oct 2021
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Representation to RBI & SEBI on certain aspects of offshore investments by Indian AIFs
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Representation to SEBI on Suggestion on definition of large value Fund--AIFs dated 12th Oct 2021
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Representation to CBDT on request for clarification on risk of creation of Association of Persons under Income Tax Act,1961, in Co-Investment Structure using an Alternative Investment Fund dated 12th October 2021
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Click here to view the other crucial representations and updates for the month of October. In case you have any enquiries, please write to us at advocacy@ivca.in.
 
Preqin Private Market Data & Insights
The Indian Private Equity & Venture Capital: A Preqin and IVCA Factsheet jointly produced with IVCA cites that Preqin tracks 180 active PEVC investors and 516 active PEVC fund managers based in India. Globally, Preqin Pro platform hosts over 20,000 investor profiles and over 47,000 fund manager profiles across asset classes.

Members of IVCA are now offered a complimentary trial* of Preqin Pro to witness how Preqin can help you source investors that are interested in investment opportunities like yours as well as experience how you can view updated league tables of the top funds and fund managers by asset class, strategy, geography, and more.

Click Here to request a free trial.

 
 
 
IVCA in the News
IVCA and its members received wide global media coverage in October 2021 with 41 coverage coming across online media
 
28 unicorns created in India this year: Finance minister
Mint     The Times of India     Outlook India     BW Disrupt
 
Govt policies directed at fostering competition: CEA
Financial Express     Business Standard
 
Current trend comparable to 2003-07 bull market; expect tech, industrials to be sector leaders: Ridham Desai
CNBC TV-18
 
Venture Capital accounts for $26 billion aggregate deal value to date: IVCA-Preqin Factsheet
Financial Express     Business Standard
 
Growth-stage startups set to create about 100,000 white-collar jobs in 2021
The Economic Times
 
Climate tech investments gain pace in India
KR Asia
 
Click here to view other media coverage from the month of October, 2021
 
 


Member Spotlight

  Siddharth Pai
Early-stage venture capital firm 3one4 Capital announced the appointment of Siddarth Pai as its Environmental, Social and Governance (ESG) Officer. For more details, click here


                        New stressed loan sale norms: RBI opens gates for new acquirers
Mayur Gala, Partner at Price Waterhouse & Co LLP
India stressed loans market is likely to witness some fundamental transformation. To read the full article, click here

 
 
New Members
IVCA welcome its new members
Click here to view our Member Spotlight to know more about our new members.
Click here to view all IVCA members.

 
 
 
 
 
 
 
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