PE-VC deals in India shot up 60% between 2016 and 2019: KPMG
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Synopsis
KPMG’s analysis of about 1,900 PE-VC deals in India showed that the aggregate annual transaction value doubled between calendar years 2015 and 2019.
ETtech
More than 850 PE-VC deals were in early-stage companies, with investors committing about $44 billion in them between CY15 to CY20.
Mumbai: The annual deal count for private equity and venture capital funds in India increased 60% between calendar years 2016 and 2019, according to a report by global consulting firm KPMG.
The rise mirrors the increased interest in the India growth story and reflects attractive company valuations and the better economic performance of the country compared to other emerging market peers, KPMG said.
Synopsis
TapChief is Unacademy’s seventh acquisition in the past 12 months, and will enable the edtech startup to build Unacademy Pro.
SoftBank-backed edtech startup Unacademy has acquired TapChief, an online platform for professionals to earn incomes without full-time jobs.
As per the deal, Unacademy will pick up a majority stake in TapChief, ascribing it a valuation of Rs 100 crore and providing an exit to existing investors. TapChief had
raised a total of about $2.2 million from investors like Blume Ventures, Paytm, 500 Startups and angel investors like Cred founder Kunal Shah, Udhyam founder Mekin Maheshwari, and Slideshare founder Amit Ranjan.
This acquisition will enable the edtech startup to build Unacademy Pro, a platform which helps you become a Pro and get your dream job , Unacademy Group co-founder Gaurav Munjal said on Twitter without disclosing any further details.
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