1947 Tech Newsletter 🇮🇳

Share this post

1947 Rise ☀️: 342

1947tech.substack.com

Discover more from 1947 Tech Newsletter 🇮🇳

All you need to know about the Indian technology ecosystem in 5 minutes. Subscribed by over 80% of unicorn founders in India and the world's best VCs A fresh new issue every week!
Over 1,000 subscribers
Continue reading
Sign in

1947 Rise ☀️: 342

VSS, SaaS, Winter & more!

shiva singh sangwan
Aug 9, 2023
Share this post

1947 Rise ☀️: 342

1947tech.substack.com
Share

1. Vijay Shekhar Sharma goes all in, is now the largest shareholder in Paytm

An overseas entity owned by Sharma will acquire 10.3 percent stake in Paytm from Antfin through an off-market transfer. 

On closing of this transaction, Sharma’s shareholding in Paytm will increase to 19.42 percent, whereas Antfin’s shareholding will reduce to 13.5 percent.

Vijay Shekhar Sharma goes all in, is now the largest shareholder in Paytm

2. Late-stage investors wait it out as startups struggle to grow into their valuations

Late-stage investors in India have avoided most deals this year as they are still grappling with the aftermath of the bubbly and exuberant Indian startup party, which resulted in inflated valuations.

SoftBank, Alpha Wave Global, Insight Partners, DST Global, Sofina, and Epiq Capital, among other late-stage venture capital investors, who were very actively investing in the pandemic years between March 2020 and March 2022, have cut very few cheques since then, data compiled by Moneycontrol showed.

In fact, these investors have not participated in a single deal in 2023 yet. These investors were behind a majority of growth and late-stage deals between 2020 and 2022.

Late-stage investors wait it out as startups struggle to grow into their valuations

Worth your attention:

  1. No new SaaS unicorns so far in 2023 as funding winter lingers, says Bessemer report Link

  2. Japan’s Mixi debuts $50 million fund to back India’s early-stage entertainment startups Link

  3. Zomato posts surprise profit of Rs 2 crore in Q1, revenue rises 71% to Rs 2,416 crore Link

  4. Disprz raises $30 million in funding led by Lumos Capital, 360 One Asset Link

  5. Stable Money raises $5 million in seed funding led by Matrix Partners India and Lightspeed Link

Hey there, awesome folks! Big props for checking out my piece. If you’ve got any thoughts, feedback, or questions, hit me up on Twitter!

Share this post

1947 Rise ☀️: 342

1947tech.substack.com
Share
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Shiva Singh Sangwan
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing