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IVCA is all set to host the 12th edition of its flagship event ‘IVCA Conclave’ on the 21st-22nd Feb 2023 in Mumbai. With
comprehensive coverage of key alternate industry trends and a stellar speaker line up of industry stalwarts, the event
will see in attendance 250+ Private Equity & Venture Capital Investors, 75+ Limited Partners & Family Offices, 15+
Regulators & Government Officials and others from the investment ecosystem.
For more details, click here.
IVCA in association with ICICI hosted the event ‘ GIFT City– The Emerging Fund Destination’ in Bangalore discussing the
emerging opportunities for funds at GIFT City. The forum brought together key stakeholders from the industry and
discussed ways to make GIFT City a global financial hub.
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The January edition of the LinkedIn live session - #WhatsNext witnessed an insightful discussion on the Indian
Macro-Economic Landscape 2023. The key topics discussed were:
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Inflation - risk of stagflation
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Global debt is at record levels
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Is India immune? Will we de-couple?
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Good Indian private and public companies trade at a premium to global counterparts. What explains this and will this
continue?
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Will India deliver profitable, built-to-last unicorns that can achieve global scale?
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Geopolitics
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How prepared is India to withstand global and internal macro threats and deliver consistent 8+ GDP growth? India stack,
regulators, ease of doing business, rule of law
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The January 'Fund in Focus' series features Nitin Sharma, Co-Founder and General Partner, Antler India. He discusses how
they're filling the needs gap by supporting impact enterprises of tomorrow at the idea stage. To read the interview,
click here.
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IVCA and members attended the meeting on Insurance, Pension Funds Knowledge organized and chaired by Secretary DPIIT.
The meeting was also attended by PFRDA, IRDAI, LIC, SIDBI EPFO & MOLE. The discussion delved on creating a favorable
regulatory environment for investment in AIFs. DPIIT advised IVCA to conduct technical workshops for the insurance and
pension fund managers
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A win for IVCA - IRDAI in their circular dated 31st Jan 2023 issued clarification on AIF schemes offering units with
varied rights to Investors. The circular issued will go a long way to help promote the growth of Alternatives in our
nation
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A meeting was organized with the CEO of NSIC Venture Capital Fund Limited (NVCFL) to introduce IVCA and understand the
operational and fund-raising aspects of NVCFL
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A meeting with Chairman, PFRDA was organized to discuss mobilizing pension fund money into AIFs and possible
collaboration
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A meeting was organized with GM, SIDBI to discuss the workshop for pension & insurance funds
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Upon CBDT’s ask for a note on taxation of hedge fund in UK, IVCA submitted a note on the global standard taxation
practices across financial instruments
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IVCA made a submission on SEBI’s consultation paper on standardized approach to valuation of investment portfolio of
Alternate Investment Funds
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At the SEBI AIPAC meeting on 20th Jan ‘23, following agenda items were discussed:
- Options for funds and investors on completion of fund tenure
- Mandating AIFs to route a specific percentage of certain transactions in secondary market trades through Request for
Quote (RFQ) platform of stock exchanges
- Direct plan for AIFs and trail commission for Category III AIFs
- Mandating investor consent for buying/selling of securities from/to associates of AIFs
- Cyber Security and Cyber Resilience framework for AIFs
- Review of the minimum investment requirement in AIFs
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click here to view the complete list of advocacy submissions made by IVCA.
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IVCA secured extensive media coverage across electronic, print, and online media. Most of the stories highlighted PE/VC
wish list for the Union Budget in the form of industry commentaries and thought leadership articles. Sharing top five
stories of the month from IVCA:
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Business Today for the January issue did a special editorial feature - 'Winter Warriors'. Karthik featured in the story
along with Sasha Mirchandani (Kae Capital), Samir Sheth (BDO India), Rohan Paranjape (Waterfield Advisors), Sai Deo
(Bain & Co.). The article highlighted the growing interest in the potential of Indian PE-VCs to invest in the Indian
market due to the record dry powder accumulated by funds in 2022.
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Fortune India in its special edition invited Siddharth Pai exclusive opinion piece published in the January issue. The
article titled, ‘Tax Rates Need To Be On Par For Listed Companies & Start-ups’ highlighted that while macro headwinds
have gripped Indian start-ups, the budget 2023 should implement measures to boost availability of local capital and
create a liberalised tax framework.
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The Economic Times in its exclusive coverage on pre-Budget did a comprehensive story titled, ‘VC firms call for tax
parity in upcoming budget’, which called for special attention required to sought tax parity as differential tax
treatment for listed and unlisted securities is distorting asset allocation decisions.
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This year being India’s G20 Presidency, the interest on climate and sustainability is high like never before. However,
while investment in climate solutions is growing rapidly, climate start-ups account for less than 5% of venture capital
(VC) funding in India. Hence, an OpEd titled, ‘G-20 presidency: Building India as a global climate leader’ was published
in TOI Blogs. The article was authored by Anjali Bansal and Riddhi Vora of Avaana Capital Climate and Sustainability
Fund
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An industry story on the rising trend of Save Now, Buy Later: A New Business Model In Fintech that is Grabbing Eyeballs,
was reported by Entrepreneur India. Several investors who have injected funds in SNBL start-ups shared their insights.
Ashish Fafadia in this feature throws interesting anecdotes from his investments in Multipl and consumer trends in this
space.
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New Members
Introducing the new members joining our dynamic network.
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© 2023 IVC Association.
IVC Association, Office No. 7 and 13, 1st Floor,
Innov8 Coworking Space, Old Fort Saket, District Centre,
South Delhi, New Delhi - 110017 |
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