DOCSLIB.ORG

Deal Watcher

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Deal Watcher DEAL WATCHER INDIA MARKET UPDATE FOR THE QUARTER ENDED MARCH 31, 2020 FOREWORD Dear clients and associates, Private equity (PE), venture capital (VC) and other investments in India suffered as apprehensions over the distressing spread of COVID-19 made deal-making a difficult affair. Uncertainty over the impact of COVID-19 is expected to act as a substantial factor influencing the Indian investments. With the pandemic causing a significant rise in business risks, indications of funding cutbacks may be seen across investment activities. The forthcoming quarters may provide additional insights into just how much COVID-19 is impacting alternate investments and whether investors are holding back funds for follow-on rounds and existing portfolio companies. We spoke to a number of VC/PE firms to get their perspective on the road ahead. Despite the uncertainty, the Central government has strived continuously to support the flailing economy, and this has enabled the Indian investment scenario to limit this pandemic’s impact on the investing activities preventing absolute derailment of deal values and counts for the quarter. In the quarter-ended March, there were over 271 private equity investments & venture capital investments with reported values of over US$ 3.35 bn. Some of the key deals include: • Brookfield Asset Management Inc’s US$ 343.42 mn in IndoStar Capital Finance Ltd. • Bundl Technologies Pvt. Ltd. raised US$ 155.67 mn from a clutch of investors including Naspers, Wellington Management, Tencent Holdings, Samsung Venture Investment Corp and others. It was noticed that Information Technology and Consumer Discretionary were the most sought-after sectors (with 126 and 51 deals respectively) followed by Finance (24 deals), Healthcare (23 deals), Industrials (21 deals) and Consumer Staples (19 deals). We expect these sectors to continue their strong run and be of interest in the upcoming quarters as well. Our Deal Watcher also covers over 180 M&A transactions with Information Technology and Industrials leading the way and witnessing the highest number of deals at 45 and 28 respectively, followed by Consumer Discretionary (27 deals), Finance (25 deals) and Utilities (15 deals). Some of the prominent deals include: • Groupe ADP’s acquisition of GMR Infra Services for US$ 1.5 bn. • The acquisition of Yes Bank by SBI, Bandhan Bank, HDFC Ltd, ICICI Bank, IDFC First Bank, Kotak Mahindra and The Federal Bank. We hope that this publication will make for a useful and value-additive reading, during such uncertain times. Vaibhav Manek Partner – Business Advisory Services 2 INDEX Sr. No. Contents Page 1 Reassessing the fundraising process post COVID-19 4-6 2 Private equity and venture capital deals 7-12 3 Private equity and venture capital exits 13-16 4 Rethinking M&A in light of COVID-19 17-19 5 Mergers and acquisitions 20-23 6 Analysis of key transactions for the quarter 24-29 7 Deal alert – Facebook’s investment in Reliance Jio 30-31 3 REASSESSING THE FUNDRAISING PROCESS POST COVID-19 REASSESSING THE FUNDRAISING PROCESS POST COVID-19 KNAV Dealwatcher | Quarter ended March 2020 Uncertainty over the impact of COVID-19 is expected to Key takeaways for fund seekers: significantly impact fundraising for the private equity and venture capital investment landscape as well. Several • Valuation multiples may be trimmed. startups are looking for guidance regarding the financial • Primary focus should be maintenance of liquidity. future of their existence and liquidity while investors are • Funds may be sought using a bridge round in order to seeking insights into how the venture markets will behave protect valuations. post the pandemic. In this section we shall look at certain • Companies may consider a deferred valuation by practices that can be followed by both investors and issuing convertible notes, with a lucrative discount investees in order to ensure smooth fundraising and capital (ranging from 20-25%) on equity-conversion in the investment in the start-up ecosystem. next round. • Investees should first approach existing investors and Investee Standpoint then move to other investors. • It is almost certain that in a deteriorating market, the eventual price and negotiation terms will be less • The fundraising process, during such times may attribute a favourable than the terms that were prevalent during the lot of premium to acquaintances and familiarity: extravagant investment periods prior to the crisis. o Funds should be primarily sought from existing • As a result, businesses must first analyse their current investors by having an open dialogue with respect to liquidity position and try to manage it in the best possible the ticket size they might be open to and what valuation manner. The goal should be to have 12 months of solid can be offered. cash position in order to muscle past the current o The outreach should then be extended to external economic obstacles. investors with whom the management team or appointed • If for some reason, adequate runways have not been consultants have cordial business relations. maintained, funds should be sought via a “bridge round” in order to protect valuations and avert liquidity • Considering the several economic reliefs announced by the crises. Having said that, it is safe to assume that it will be legislative bodies, obtaining working capital loans at very challenging to raise funds in atleast the next three to reduced borrowing costs may also be viewed as a viable six months and possibly longer. option for procuring short term capital. 5 REASSESSING THE FUNDRAISING PROCESS POST COVID-19 KNAV Dealwatcher | Quarter ended March 2020 Investors’ Standpoint • From an investor standpoint, all assumptions and trends attractive valuations that are now available in the from bull market financings that were relied upon just a market. few weeks ago, may not apply any more. Many investors are expected to move away from thinking • Restoration of price rationality in the markets may entice about “mandatory growth” to “sustainable growth several funds to increase their investments and make a with a path to profitability”. continued show of it, now and in the coming months. • Venture firms must embark on the process of Investors who believe in a long-term horizon and are segmenting their portfolios, especially for later stage willing to see through challenging months/quarters for the companies, based on whether their offering is affected long-term opportunity shall stand at an advantage. Being positively, neutrally or negatively by the pandemic. responsive and persistent will pay off and help sustain such times of adversity. • Transparent interaction with the LPs, explaining to them their portfolio’s exposure that may be inflicted by the Key takeaways for investors: economic downturn shall help the funds’ management teams in conducting a revised “reserve analysis” in • Funds must segment their portfolios in order to order to strategize allocation of the funds’ “dry examine COVID-19’s impact on it. powder”. • Emphasize on transparent communications with LPs and inform them about their portfolio’s exposure. • Several venture capitalists have advised their portfolio • Analyse allocation of dry powder across existing and companies to restate their existing forecasts and plan for a much tighter capital environment, with far less future portfolio companies. growth, in order to obtain an insight into the “true • Assess business forecasts in order to calculate true returns” that they might be able to earn on their exit. returns from investments. • Investors may seize this opportunity to amplify their • On the contrary, there are several venture funds who investments in lieu of long-term profits. are looking to invest in startups, primarily due to the 6 PRIVATE EQUITY/ VENTURE CAPITAL DEALS PE/VC DEALS – DEAL CLASSIFICATION PE / VC deals | Quarter ended March 2020 The following charts provide an analysis of the prominent PE/VC deal classifications, in terms of number of deals and transaction values which were witnessed in the quarter. Deal classification by count Deal classification by value (US$ mn) 1913 137 94 876 430 25 15 131 0 0 Pre-IPO PIPE Private Venture Angel/Seed Pre-IPO Angel/Seed PIPE Private Venture Equity Capital Equity Capital Of the total 271 PE/VC deals in this quarter, maximum Out of the transactions for which values were disclosed, number of deals were endorsed by angel/seed the investment in this quarter amounted to US$ 3.35 bn. investments (137 deals), followed by venture capital The highest amount of funds were invested in the form of (94 deals) and private equity (25 deals). venture capital (US$ 1.91 bn), followed by private equity deals (US$ 876 mn), PIPE deals (US$ 430 mn), and angel/seed investments (US$ 131 mn). 8 PE/VC DEALS – SECTOR WISE ANALYSIS PE / VC deals | Quarter ended March 2020 The following charts provide an analysis of the prominent sectors which have witnessed private equity/ venture capital investments in terms of number of deals and transaction value for the quarter. Top sectors by number of deals Top sectors by value (US$ mn) 126 1270 648 51 497 531 241 19 21 23 24 101 Of the total 271 PE/VC deals in this quarter, the highest Out of the transactions for which values were disclosed, the number of investments were made in information investment in this quarter amounted to US$ 3.35 bn. The technology (126 deals) followed by consumer highest amount of funds were invested in the information discretionary (51 deals) and finance (24 deals). technology sector (led by Alibaba’s investment in Zomato for a US$ 150 mn deal) followed by the finance sector (led by Brookfield Asset Management Inc’s investment in IndoStar Capital Finance) and consumer discretionary (led by Warburg Pincus LLC’s investment in Apollo Tyres). 9 CITY WISE ANALYSIS PE / VC deals | Quarter ended March 2020 The following charts provide an analysis of the prominent sectors which have witnessed private equity/ venture capital investments in terms of number of deals and the total transaction value for the quarter by the top cities.
Load more

Recommended publications
  • HEALTHCARE CHALLENGES: ARTIFICIAL INTELLIGENCE PROMISES QUANTUM LEAP *Aneesha Sondhi
    HEALTHCARE CHALLENGES: ARTIFICIAL INTELLIGENCE PROMISES QUANTUM LEAP *Aneesha Sondhi ABSTRACT Since the dawn of history, humans have constantly been working towards developing ways to perform their daily tasks quickly and with ease. One such development, in the field of computer science, is Artificial Intelligence (AI). AI emphasizes on the development of intelligent machines that think and work like humans. This influx of new technologies in the information era has hit various industries, healthcare industry being one of the biggest beneficiaries. Medical literature extensively discusses the advantages of AI. Especially, as the profession requires greatest accuracy. Before deployment, AI systems are trained via data generated from various clinical activities such as screening, diagnosis, treatments and so on, so that they can learn and process the information and then later apply the same. These systems are also equipped with self-correcting abilities so that they can improve their accuracy based on feedback received. They are increasingly being used to detect diseases, such as cancer, neurological and cardiovascular diseases, more accurately and in their early stages. Furthermore, one can avail of certain medical services such as virtual nurses, wearable health trackers and consumer health applications within the comfort of their homes without the need of any healthcare professional. Consumer becomes in-charge of his own health and well-being. This rise of Internet of Medical Things (IoMT) gives rise to speculations that AI might eventually replace human physicians. The intent of this paper is to survey and analyse the present status and future of AI in the healthcare industry, their regulations, and possible legal challenges.
    [Show full text]
  • Merchants Where Online Debit Card Transactions Can Be Done Using ATM/Debit Card PIN Amazon IRCTC Makemytrip Vodafone Airtel Tata
    Merchants where online Debit Card Transactions can be done using ATM/Debit Card PIN Amazon IRCTC Makemytrip Vodafone Airtel Tata Sky Bookmyshow Flipkart Snapdeal icicipruterm Odisha tax Vodafone Bharat Sanchar Nigam Air India Aircel Akbar online Cleartrip Cox and Kings Ezeego one Flipkart Idea cellular MSEDC Ltd M T N L Reliance Tata Docomo Spicejet Airlines Indigo Airlines Adler Tours And Safaris P twentyfourBySevenBooking Abercrombie n Kent India Adani Gas Ltd Aegon Religare Life Insur Apollo General Insurance Aviva Life Insurance Axis Mutual Fund Bajaj Allianz General Ins Bajaj Allianz Life Insura mobik wik Bangalore electricity sup Bharti axa general insura Bharti axa life insurance Bharti axa mutual fund Big tv realiance Croma Birla sunlife mutual fund BNP paribas mutural fund BSES rajdhani power ltd BSES yamuna power ltd Bharat matrimoni Freecharge Hathway private ltd Relinace Citrus payment services l Sistema shyam teleservice Uninor ltd Virgin mobile Chennai metro GSRTC Club mahindra holidays Jet Airways Reliance Mutual Fund India Transact Canara HSBC OBC Life Insu CIGNA TTK Health Insuranc DLF Pramerica Life Insura Edelweiss Tokio Life Insu HDFC General Insurance IDBI Federal Life Insuran IFFCO Tokio General Insur India first life insuranc ING Vysya Life Insurance Kotak Mahindra Old Mutual L and T General Insurance Max Bupa Health Insurance Max Life Insurance PNB Metlife Life Insuranc Reliance Life Insurance Royal Sundaram General In SBI Life Insurance Star Union Daiichi Life TATA AIG general insuranc Universal Sompo General I
    [Show full text]
  • The Asia Pacific Private Equity & Venture Capital Web Meeting
    The Asia Pacific Private Equity & Venture Capital Web Meeting ZOOM & SLACK September 28th, 29th & 30th 2020 Singapore Standard Time LIVE ONLY, RECORDING IS PROHIBITED BUSINESS CASUAL ATTIRE The Asia Pacific Private Equity & Venture Capital Web Meeting ZOOM & SLACK– September 28th, 29th & 30th 2020 Dear Colleague, It is with great pleasure that I invite you to The Asia Pacific Private Equity & Venture Capital Web Meeting. The aim of this Web Meeting is to connect private equity & venture capital funds, family offices, institutional investors, and other industry professionals across Asia Pacific Region and the world. Our online meeting brings together over 300 c-level executives that will join us to virtually network and discuss investment opportunities, allocations, and the current performance of all private equity & venture capital related asset classes. Panel discussions to be covered include topic on institutional investor, family office, private equity, and venture capital perspectives. This is a live event and closed to the media. Video and audio recording of this event is strictly prohibited. We look forward to hosting you digitally! Best, Roy Carmo Salsinha President, CEO Carmo Companies Agenda Outline MONDAY, SEPTEMBER 28TH – DAY 1 8:00 am SGT Welcoming Address President, CEO, Carmo Companies (New York) 8:05 am SGT Best-Practices for Earning Returns in Venture Capital While Reducing Risk During COVID-19 Every crisis creates opportunity. The dot-com bubble burst gave rise to Amazon, EBay, and many others. During the 2008 financial crisis, Pinterest, Slack, and Stripe were created. If you were not investing in the market at that time, you would have lost-out on those opportunities.
    [Show full text]
  • Pwc. Global Top Health Industry Issues. Defining the Healthcare of the Future
    PwC Health Research Institute Global top health industry issues: Defining the healthcare of the future www.pwc.com/hri Content Heart of the matter Issue 6 Page 2 Providing value beyond the Issue 1 medical device Page 30 Working smarter with artificial intelligence Issue 7 Page 8 Securing the internet of Issue 2 things and cybersecurity Page 34 Mapping a clear direction for virtual health Issue 8 Page 12 Looking beyond the hospital Issue 3 to the social determinants of health Putting patient Page 38 experience first Page 17 Critical takeaways for today and tomorrow Issue 4 Page 42 Transforming the next generation of clinical trials Endnotes Page 43 Page 22 Issue 5 Using technology to create virtual capacity and lower costs Page 26 Heart of the matter More connected and consumer-oriented than ever before, the world’s health systems are challenged to build resiliency in times of change. Traditionally viewed as a fragmented industry with hyperlocal challenges and solutions, healthcare faces near universal forces of rapid digitisation, increasing demands and expectations from informed and connected consumers, and shrinking resources to fuel innovation and build infrastructure. Health systems have a lot to learn from each other, other industries and from communities around the world. Systems will survive and thrive if they are able to connect, collaborate and create new solutions. The top global issues span a wide range of themes, including human and robot, the consumer’s changing nature, business model transformation and trust (see Figure 1). Machine learning, artificial intelligence (AI) and virtual care raise questions about interactions between people and technology, and increased people-to-people interactions using technology.
    [Show full text]
  • Fitkit Android Application
    International Journal of Engineering Applied Sciences and Technology, 2019 Vol. 4, Issue 4, ISSN No. 2455-2143, Pages 203-205 Published Online August 2019 in IJEAST (http://www.ijeast.com) FITKIT ANDROID APPLICATION Aashita Chhabra, Chitrank Tyagi Department of Information Technology, Guru Gobind Singh Indraprastha University, Sector 16C, Dwarka, Delhi, 110078 Abstract— “Age is just a number” a quote that explains one can never get old if one follows proper healthy routine. A. Application Fundamentals: With the initiatives taken by the government and various Android applications are written in Java programming industries (Bollywood, Cricket etc) fitness is gaining language. However, it is important to remember that they are popularity among the individuals. Smartphones and not executed using the standard Java Virtual Machine (JVM). tablets are slowly but steadily changing the way we look Instead, Google has created a custom VM called Dalvik which after our health and fitness. Today, many high quality is responsible for converting and executing Java byte code. All mobile apps are available for users and health custom Java classes must be converted (this is done professionals and cover the whole health care chain, i.e. automatically but can also be done manually) into a Dalvik information collection, prevention, diagnosis, treatment compatible instruction set before being executed into an and monitoring. Our team has developed a mobile Android operating system. Dalvik VM takes the generated application called FitKit which is implemented using Java class files and combines them into one or more Dalvik Android framework and is available for android users. Executable (.dex) files. It reuses duplicate information from Our app mainly focuses on fitness regimes inclusive of multiple class files, effectively reducing the space requirement meals allotment, workout routine, chat support with (uncompressed) by half from a traditional .jar file.
    [Show full text]
  • Corporate Venturing Report 2019
    Corporate Venturing 2019 Report SUMMIT@RSM All Rights Reserved. Copyright © 2019. Created by Joshua Eckblad, Academic Researcher at TiSEM in The Netherlands. 2 TABLE OF CONTENTS LEAD AUTHORS 03 Forewords Joshua G. Eckblad 06 All Investors In External Startups [email protected] 21 Corporate VC Investors https://www.corporateventuringresearch.org/ 38 Accelerator Investors CentER PhD Candidate, Department of Management 43 2018 Global Startup Fundraising Survey (Our Results) Tilburg School of Economics and Management (TiSEM) Tilburg University, The Netherlands 56 2019 Global Startup Fundraising Survey (Please Distribute) Dr. Tobias Gutmann [email protected] https://www.corporateventuringresearch.org/ LEGAL DISCLAIMER Post-Doctoral Researcher Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship The information contained herein is for the prospects of specific companies. While HHL Leipzig Graduate School of Management, Germany general guidance on matters of interest, and every attempt has been made to ensure that intended for the personal use of the reader the information contained in this report has only. The analyses and conclusions are been obtained and arranged with due care, Christian Lindener based on publicly available information, Wayra is not responsible for any Pitchbook, CBInsights and information inaccuracies, errors or omissions contained [email protected] provided in the course of recent surveys in or relating to, this information. No Managing Director with a sample of startups and corporate information herein may be replicated Wayra Germany firms. without prior consent by Wayra. Wayra Germany GmbH (“Wayra”) accepts no Wayra Germany GmbH liability for any actions taken as response Kaufingerstraße 15 hereto.
    [Show full text]
  • Shared Economy – India Story February 2020
    Maple Capital Advisors ® Engaging to Create Value Shared Economy – India Story February 2020 1 Content Preface 3 The Shared Economy – Sector Highlights 5 Overview 5 Drivers of the Shared economy in India 8 Sector Snapshots- Co-working space 10 Industry Overview 10 Co-working Economics 11 Other drivers for co-working 11 Private Equity in Co-working-India 12 Mergers and Acquisitions in Co-working -India 12 Investment drivers in co-working space 13 Regulations in Co-Working 13 Co-working space- Way ahead 14 Sector Snapshots- Co-living Space 15 Industry Overview 15 Co-Living vs. other accommodation options available 16 Other factors driving co living 16 Factors driving co-living 16 Investment drivers in co-living space 18 Regulations in Co-Living 18 Co-living space- Way Ahead 19 Sector Snapshots- Shared Mobility 20 Industry Overview 20 Why share? 23 Other Factors driving the Shared Mobility sector: 24 Investment drivers in Shared Mobility 24 Regulations in Shared Mobility 27 Shared Mobility: Way Ahead 28 Sector Snapshots – Furniture Rental 29 Industry Overview 29 Renting v/s owing furniture 30 Other factors driving furniture rental 31 Investment drivers in furniture rental sector 32 Regulations in Furniture Rental 32 Furniture rental: Way Ahead 33 Investment Summary & Conclusion 34 2 Preface Pankaj Karna Founder and MD - Maple Capital Advisors Shared Economy, establishing as a solid theme for the next decade…. We are in interesting times, as the preferences on asset ownership are changing rapidly and systematically. Coming from an era where asset ownership was dharma and anything else looked down upon, the world has rapidly espoused the opposite today.
    [Show full text]
  • May 2016 M&A and Investment Summary Table of Contents
    May 2016 M&A and Investment Summary Table of Contents 1 Overview of Monthly M&A and Investment Activity 3 2 Monthly M&A and Investment Activity by Industry Segment 8 3 Additional Monthly M&A and Investment Activity Data 40 4 About Petsky Prunier 52 Securities offered through Petsky Prunier Securities, LLC, member of FINRA. This M&A and Investment Summary has been prepared by and is being distributed in the United States by Petsky Prunier, a broker dealer registered with the U.S. SEC and a member of FINRA. 2 | M&A and Investment Summary May 2016 M&A and Investment Summary for All Segments Transaction Distribution . A total of 432 deals were announced in May 2016, of which 271 were worth $15.5 billion in aggregate reported value . Software was the most active segment with 127 deals announced — 88 of these transactions reported $2.5 billion in value . Digital Media/Commerce was also active with 108 transactions announced, of which 77 were worth a reported $5.1 billion in value . Strategic buyers announced 163 deals (32 reported $3.2 billion in value) . VC/Growth Capital investors announced 253 transactions (235 reported $7.2 billion in value) . Buyout investors announced 16 deals during the month (six reported $5 billion in value) May 2016 BUYER/INVESTOR BREAKDOWN Transactions Reported Value Strategic Buyout Venture/Growth Capital # % $MM % # $MM # $MM # $MM Software 127 29% $2,461.2 16% 39 $779.8 4 $378.0 84 $1,303.3 Digital Media/Commerce 108 25% 5,136.4 33% 34 513.8 1 - 73 4,622.6 Marketing Technology 89 21% 6,445.0 42% 33 1,237.1 2 4,400.4
    [Show full text]
  • Newsletter by Marketing Club Issue
    Issue – 39: 06.05.2020 Where News & Management Meet FROM MENTOR’S MONDELEZ INDIA CREATES A DISH TV PARTNERS WITH MX DESK: LIMITED-EDITION CADBURY DAIRY PLAYER TO OFFER SEAMLESS MILK ‘THANK YOU’ BAR TO VIDEO-ON-DEMAND CONTENT Impact of COVID 19 in India : HIGHLIGHT GENEROSITY The impact of COVID 19 Snacking company, Mondelez India, has DTH company, Dish TV India has in India will have a huge launched a limited-edition Cadbury Dairy announced its partnership with MX bearing in the daily Milk ‘Thank You’ bar in recognition of the Player that recently emerged as activities of the people generous spirit of the country’s unsung India’s #1 entertainment app of 2019 which will definitely call heroes during these difficult times. as per the annual FICCI report. With for a change in our Mondelez India commit a part of the this strategic association with MX lifestyle pattern. This will proceeds from limited-edition ‘Thank You’ player, Dish TV has further probably last for one more Bar sale towards health insurance strengthened its portfolio by adding year, according to policies of the daily wage earners, via a one more app in the app zone on its experts. The deadly form partnership with Nirmana, an NGO that Android-based connected devices, of VUCA ravaging the works with the unorganised sector. namely Dish SMRT Hub and d2h world vis-a-vis the country stream for its DishTV and d2h users will have an impact on the respectively. Brand fallout. The Companies will struggle to find ways and means to SNAPDEAL ADDS GAMES TO ITS DABUR LAUNCHES TULSI DROPS recover the lost revenues AFTER HAND SANITIZER PLATFORM and garner profit as a measure of sustainability.
    [Show full text]
  • Annual Deal List
    Annual Deal List 16th annual edition Contents Section Page Mergers & Acquisitions 04 1. Domestic 05 2. Inbound 15 3. Merger & Internal Restructuring 18 4. Outbound 19 Private Equity 23 QIP 67 IPO 69 Disclaimer This document captures the list of deals announced based on the information available in the public domain. Grant Thornton Bharat LLP does not take any responsibility for the information, any errors or any decision by the reader based on this information. This document should not be relied upon as a substitute for detailed advice and hence, we do not accept responsibility for any loss as a result of relying on the material contained herein. Further, our analysis of the deal values is based on publicly available information and appropriate assumptions (wherever necessary). Hence, if different assumptions were to be applied, the outcomes and results would be different. This document contains the deals announced and/or closed as of 23 December 2020. Please note that the criteria used to define Indian start-ups include a) the company should have been incorporated for five years or less than five years as at the end of that particular year and b) the company is working towards innovation, development, deployment and commercialisation of new products, processes or services driven by technology or intellectual property. Deals have been classified by sectors and by funding stages based on certain assumptions, wherever necessary. Dealtracker editorial team Pankaj Chopda and Monica Kothari Our methodology for the classification of deal type is as follows: Minority stake - 1%-25% | Strategic stake - 26%-50% | Controlling stake - 51%-75% | Majority stake - 76%-99% Maps are for graphical purposes only.
    [Show full text]
  • Discussion Paper 14: Agri-Startups and Agribusiness for The
    Agri-Startups and Agribusiness for the Development of Agriculture in Maharashtra Discussion Paper 14 MANAGE- Centre for Agricultural Extension Innovations, Reforms, and Agripreneurship (CAEIRA) 1 Published by National Institute of Agricultural Extension Management (MANAGE) (An organisation of Ministry of Agriculture and Farmers’ Welfare, Govt. of India) Rajendranagar, Hyderabad – 500 030, Telangana State, India ©MANAGE, 2020 About the Publication This discussion paper is based on the research conducted by Ms. Manisha Ohlan, MANAGE Intern under the MANAGE Internship Programme for Post Graduate students of Extension Education. Authors Ms. Manisha Ohlan MANAGE Intern & Ph.D. Scholar Chaudhary Charan Singh Haryana Agricultural University (CCSHAU) Hisar, Haryana e-mail: [email protected] Dr. Saravanan Raj Director (Agricultural Extension) National Institute of Agricultural Extension Management (MANAGE) Rajendranagar, Hyderabad, Telangana, India e-mail: [email protected]/ [email protected] Layout Design Ms. Niharika Lenka Disclaimer The views expressed in the document are not necessarily those of MANAGE but are of the authors’ own. MANAGE encourages the use, reproduction and dissemination of this publication for personal study and non-commercial purposes only with proper acknowledgment of MANAGE. Citation: Manisha Ohlan and Saravanan Raj (2020). Agri-Startups and Agribusiness for the Development of Agriculture in Maharashtra, Discussion Paper 14, MANAGE- Centre for Agricultural Extension Innovations, Reforms and Agripreneurship, National Institute of Agricultural Extension Management (MANAGE), Hyderabad, India. 2 Director General’s message Smt. G. Jayalakshmi, IAS Director General, MANAGE Startups have played and continue to play significant roles in the growth, development and industrialization of many economies of the world over. The start-up ecosystem in India has been evolving rapidly in the past decade.
    [Show full text]
  • Chat Trends Report
    C O N S U M E R H E A L T H A N D T E C H N O L O G Y CHaT Trends Spring 2016 Circle Square | CHaT Trends | Page 1 CHaT Trends Spring 2016 The ups and downs in CHaT From the editor… Welcome to the Spring 2016 edition of CHaT Trends, Circle Square’s quarterly report on consumer health and technology. Though CHaT Trends is offered for free, we encourage you to check out our corporate subscription services which complement the stories featured in CHaT Trends and which provide a more full-bodied perspective on digital health’s many markets. You can find information on these reports, as well as info about our strategy consulting and business development work on the last page of the report. And now for some highlights from this edition: A big acquisition in wearables amidst market share erosion for the segment leader. Nokia acquired the well-established French startup Withings to go head-to-head with Apple, Under Armour, and segment leader Fitbit, whose dominance is slipping to China’s number one smartphone maker. Interest in health info sites remains high. The IAG-owned About.com launched their first of several new content verticals, a health information site called Verywell.com. Hopefully the site will be easy to navigate, as a new Makovsky study found that usability was more important to health information website users than trustworthiness. Innovations in patient monitoring find the FDA both approving and rejecting. Though Proteus Digital Health raised $50M in new funds, the FDA rejected a new partnership.
    [Show full text]