DOCSLIB.ORG

Venture Capital June 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Venture Capital June 2016 Venture Capital June 2016 Strictly for Educational Purposes C lickDisclaimer to edit Master title style This presentation is intended to be a general overview to be used strictly for educational purposes. This presentation may not contain all the details and information necessary for you to make investment decisions or evaluations. This presentation should be viewed in conjunction with the links and sources provided. The information in this presentation are individual opinions and personal academic/industry experiences, all of which are subject to change. They do not necessarily reflect every detailed aspect of the economy, industry, the financial market or finance as an academic major. Comments made are of a general nature and they are not designed to suit personal circumstances. Any representations or illustrations in this presentation may have been modified or simplified to suit the audience it is intended for. Strictly for Educational Purposes 2 C lickContents to edit Master title style Section Page 1 Executive Summary 5 2 Government Initiatives 10 3 Venture Capital Firms and Investment Case Studies 14 4 Conclusion 19 Strictly for Educational Purposes 3 C lickPublications to edit Master Team title style Publications Directors • Jesse Mo • Robin Nandy Subcommittee Contributors • Aditya Katyar • Alex Chye • Alex Chan • Anita Chao • Henry Chen • Kevin Lu Strictly for Educational Purposes 4 Section 1 Executive Summary C lickWhat to editis Venture Master Capital?title style Overview Definition Involved Parties • Venture capital is money provided by an outside investor to • Limited Partners: finance a company that is new and growing – Investors who contribute money to a VC fund in • Typically seeks new, disruptive businesses with a perceived exchange for ownership shares in the fund long-term growth potential that will result in a large payout – Liability is limited to the amount of capital they for investors contribute • Venture capital generally follow a series of financing rounds – Includes high net-worth individuals and pension funds which include: • General Partners: – Seeding round: start up capital is provided by an – Managers of the VC fund angel investor to finance a business idea – Liability is unlimited – Angel round: the investor purchases an equity stake • Entrepreneurs: – Series rounds: financing provided by VCs in exchange for an equity stake – Individuals who have business ideas or who are currently developing a business • Venture capital realises returns from investments via an exit method: – They seek VC financing in exchange for an equity stake in their business – Initial Public Offerings (IPOs) • Underwriters: – Trade Sales – Become involved in an IPO exit of venture capital – Management Buyouts (MBOs) investments – Liquidation – Usually an investment bank Sources: Australian Private Equity and Venture Capital Association Limited, Australian Government Strictly for Educational Purposes 6 C lickWhat to editis Venture Master Capital?title style Industry Ecosystem Investors Government Super and Pension Funds Tax concessions for Early Stage Venture Start-Ups Capital Limited Provides grants, Partnerships assistance, (ESVCLP) incubator and Co-Investment accelerator programs High Net Worth Funds Individuals Venture Capital Invest to Firms/Funds diversify Sovereign Wealth Funds portfolio with Provides capital expectations for business of high operations and growth value add via expertise Provides Equity stake at return on initial investment investment and return at exit Source: Australian Government, Australian Private Equity and Venture Capital Association Limited Strictly for Educational Purposes 7 C lickVenture to edit Capital Master Landscape title style Financing in Australia Overview of 2015 Australian VC Funds Raised by Fiscal Year $mm • VC funds raised from $126m to $368m in 2015; a 400 368 compounded annual growth of 193%. 357 352 350 • This was driven by the allowance of superannuation 300 investment in Australia. 240 250 • The seven VC funds raising new capital included Brandon 175 200 158 Capital Partners, Medical Research Commercialisation Fund 143 152 150 126 3 (MRCF3), AirTree Ventures’ and the OneVentures 100 Innovation and Growth Fund. 100 • Majority of funds raised to focus on seed and early-stage 50 ventures 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Number of Funds Raising by Fiscal Year Investment Focus of Funds Raising (FY15) 14 13 12 23% 10 9 Seed/Early Stage VC 8 7 6 6 5 4 4 4 Balanced/Later 4 3 3 Stage VC 2 77% 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Source: Australian Private Equity and Venture Capital Association Limited Strictly for Educational Purposes 8 C lickVenture to edit Capital Master Landscape title style Investments in Australia Overview Distribution of Investments by Sector (FY15) • VC investments in Australia have fluctuated heavily over the Industrial 10% years, peaking at $535mm in FY14 5% • Unlike the US, investee companies in Australia are more Tech, Media, Telecom 34% focused on consumer and industrial sectors rather than 8% technology and media Consumer • Investee companies tend to be mostly in the start-up and late stage phase, unlike the US which tends to be more Financial Services focused on seed and early-stage venture investments Biotech/Sciences 34% 9% Other Total Investments Made by Fiscal Year Distribution of Investments by Stage (FY15) $mm 3% 9% 600 535 500 21% Seed 400 Start-up 280 300 229 224 212 191 Other early stage 200 137 151 153 144 Late stage VC 9% 100 Other VC 0 58% FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Source: Australian Private Equity and Venture Capital Association Limited Strictly for Educational Purposes 9 Section 2 Government Initiatives C lickAustralian to edit Master Federal title Government style Initiatives Timeline 2001: 1984: $2.9b innovation Management and Investment 2011: action plan to fund Companies Program, first Board of Taxation 2015: education and R&D government initiative 1997: initiates review of New PM announces launched to foster an $130m Innovation Venture Capital Act $1.1b National Australian VC Industry Investment Fund Innovation and Science established Agenda 1992: 1999: 2002: 2012: 2016: Pooled $30mm Venture Capital Department of Tax Laws Amendment Development Commercialising Act introduced to Industry, Innovation (Tax Incentives Bill) Funds Act 1992 Emerging launch Venture and Science initiates passed was passed Technologies Capital Limited second review of the Program Partnerships Venture Capital Act established Program Sources: University of Wollongong, Pooled Development Funds Act 1992, Venture Capital Act 2002, Tax Laws Amendment Strictly for Educational (Tax Incentives for Innovation) Bill 2016 Purposes 11 C lickAustralian to edit Master Government title style Initiatives Overview of Key Programs Management and Investment Companies Innovation Investment Fund • Venture Capital firms were designated as Management and • Started in 1997 under the Howard government Investment Companies under Management and Investment • Terminated in May 2014 as part of new, emergency Companies Act 1983 budgetary measures • Superannuation and pension funds which invested in MICs • Details: could claim a 100% tax deduction – Australian government would match private sector • Requirements: funding at a ratio of 1:1 for start-up businesses – MICs hold shares in new businesses and start-ups for – Public funding would not exceed more than at least 4 years $100mm – Funds invest no more than 20% of their capital into – Qualitative factors to be considered include the VC’s any one company experience and investment strategy Venture Capital Limited Partnership Program Early Stage VC Limited Partnership Program • Requirements to become a VCLP • Requirements to become a ESVCLP – Incorporated limited partnership – Incorporated limited partnership – Pay tax in Australia – Pay tax in Australia – Have at least $10mm committed capital – Have between $10mm-100mm committed capital • Benefits of becoming a VCLP • Benefits of becoming a VCLP – Flow-through taxation – Flow-through taxation – Foreign partners exempt from capital gains tax – All partners exempt from capital gains tax • VCLPs must invest in a predominately Australia business • VCLPs must invest in a predominately Australia business with less than $250mm in assets for more than one year with less than $50mm in assets for more than one year Sources: University of Wollongong, Pooled Development Funds Act 1992, Venture Capital Act 2002, Tax Laws Amendment Strictly for Educational (Tax Incentives for Innovation) Bill 2016, Australian Financial Review Purposes 12 C lickAustralian to edit Master Government title style Initiatives Impact of Key Programs Past Government Schemes Government Funded Success Companies • Management and Investment Companies 1984: • ResMed – Was largely unsuccessful at fostering innovation – Healthcare company which manufactures devices to – Failure attributed to more incentive to invest in later- treat breathing and sleep-related disorders stage businesses rather than early-stage ventures – Listed on the ASX in 1999 resulting in lack of supply of funds • Gekko Systems • Innovation Investment Fund 1997: – Company which develops mining technology – IIFs increased supply of funds for risky early stage products and equipment high-tech start-ups – Has operations in 44 countries worldwide – However, relative to private equity, the supply of • Atlassian venture capital in Australia is still negligible – Enterprise software development company – Listed
Load more

Recommended publications
  • Looking Somewhere in the Middle
    OUR FIRM LMM GROUP CLIENTS TRANSACTIONS NEWS & INTEL CONTACT IN THIS SECTION LOOKING SOMEWHERE IN THE Executive Perspective IT Index MIDDLE News Room Quarterly Earnings March 10, 2006 Scoreboard Spotlight by: Kelly Holman Tracker VDI Accel-KKR LLC didn't set out to specialize in middle-market private equity buyouts in the high-tech sector. Its founders, an Subscribe unusual combination of dealmakers, were focused in 2000 on the bright prospects of the Internet, just as many other investors and entrepreneurs were. But that vista quickly turned as dark as night when the dot-com bubble burst, and Accel-KKR suddenly needed to make a rapid course correction. It did. Today the Menlo Park, Calif.-based firm has made a name for itself acquiring small but fast-growing technology companies. Even as top-tier buyout groups lick their chops over the possibility of doing deals involving big software corporations, Accel- KKR keeps its attention on midmarket and small tech outfits with $15 million to $150 million in annual revenue: software developers, hardware makers, Internet firm and information technology services businesses. To be sure, it's hardly the only middle-market private equity group interested in technology businesses - a number of buyout groups, large and small, have made technology their core investment focus. But Accel-KKR's board and the background it represents set it apart. Members include financial engineering icons Henry Kravis and George Roberts of Kohlberg Kravis & Roberts & Co.; KKR partner Marc Lipschultz; veteran venture capitalist and Accel managing partner Jim Breyer; and former Wells Fargo & Co. chief executive Paul Hazen.
    [Show full text]
  • PEM Holds a Final Close on Its Fourth Direct Co-Investment Fund
    Performance Equity Management, LLC Has Held a Final Close on its Fourth Direct Co-investment Fund Greenwich, CT – March 08, 2021 – Performance Equity Management, LLC (PEM) is pleased to announce the final closing of Performance Direct Investments IV (PDI IV), its fourth co-investment fund. The fund will focus on small and middle-market co-investment opportunities, continuing its successful strategy that was executed for its predecessor funds. PDI IV was significantly oversubscribed and closed on its hard cap of $300 million. Investors include public and corporate pension plans, university endowments, private foundations, insurance companies, family offices, and high net worth individuals across the globe. PDI IV is a continuation of our long-established investment strategy of partnering with premier GPs with demonstrated experience with a focus on defensive growth opportunities to build a high quality, diversified portfolio. Our selection capabilities and disciplined execution has enabled our strong performance and will continue to help us construct a resilient portfolio. “We are pleased with the 100% support of our long-standing investors and grateful to our new investors who have backed us in these unprecedented times,” said John Clark, President of PEM. “We believe our time-tested investment strategy will continue to support us in generating significant alpha for our investors.” Last year PEM also closed on it fourth venture capital fund of funds, Performance Venture Capital IV (PVC IV), in addition to several separate accounts. PVC IV closed above its target and is over 95% committed across premier venture capital funds. The fund’s largest commitments include Accel, Andreessen Horowitz, Redpoint Ventures and Spark Capital.
    [Show full text]
  • Vcs Like of Accel Partners India, Nexus Venture Partners & SAIF
    VCs like of Accel Partners India, Nexus Venture Partners & SAIF Partners pool in $1 billion for Indian start-ups The Economic Times, 26th March 2015 http://economictimes.indiatimes.com/news/emerging-businesses/startups/vcs-like-of-accel-partners-india-nexus-venture- partners-saif-partners-pool-in-1-billion-for-indian-start-ups/articleshow/46695239.cms MUMBAI: India's top venture capital firms are raising larger pools of capital, encroaching into early growth territory as tech startups scrambling for bigger deals knock at hedge funds and other global investors rushing into the country. Just three VCs - Accel Partners India, Nexus Venture Partners and SAIF Partners - have pooled nearly $1 billion this month alone for investments in Indian startups. Accel, an early investor in Flipkart, on Tuesday closed a $305 million (Rs 1,900 crore) fund, nearly double the size of its previous fund raised four years ago. Snapdeal investor Nexus Venture Partners anticipates wrapping up around $450 million this month, $180 million larger than its previous corpus. Increased fundraising by venture capital firms coincides with the entry of hedge funds and investors such as Japan's Softbank and Russian billionaire Yuri Milner's investment fund DST Global into India's tech financing market in the past year. Entry of these investors has increased deal sizes, with internet companies seeking larger fund doses in shorter time. Startups raised $2.1 billion in venture funding in 2014, an increase of 50% over the prior year, according to research firm VCCEdge. This was in addition to around $3.2 billion (Rs 20,000 crore) raised by more mature internet companies such as Flipkart, Snapdeal, Quikr, Info Edge and Makemytrip.
    [Show full text]
  • PLAYA HOTELS & RESORTS NV Nieuwezijds Voorburgwal 104 1012
    PLAYA HOTELS & RESORTS N.V. Nieuwezijds Voorburgwal 104 1012 SG Amsterdam, the Netherlands June 3, 2021 Dear Playa Hotels & Resorts N.V. Shareholders: You are cordially invited to attend the rescheduled annual general meeting of shareholders (the “AGM”) of Playa Hotels & Resorts N.V. (“Playa” or the “Company”), which will be held on Tuesday, June 29, 2021 at 4:00 p.m. Central European Summer Time (CEST), at the Company’s offices, located at Nieuwezijds Voorburgwal 104, 1012 SG Amsterdam, the Netherlands. Please note that the AGM has been rescheduled from the original date of May 13, 2021, and the enclosed Notice and Proxy Statement are replacing the materials originally mailed to you on or about April 19, 2021. We request that you vote your shares for the rescheduled AGM, as proxies that were delivered or votes that were received for the AGM originally scheduled for May 13, 2021 will not be valid. During the AGM, shareholders will be asked to vote on the appointment of directors; the adoption of the Dutch Statutory Annual Accounts for fiscal year 2020; the ratification of the selection of Deloitte & Touche LLP as Playa’s independent registered accounting firm for fiscal year 2021; the instruction to Deloitte Accountants B.V. for the audit of Playa’s Dutch Statutory Annual Accounts for fiscal year 2021; an advisory vote to approve the compensation of our named executive officers; the discharge from liability for Playa’s directors with respect to the performance of their duties in 2020; the authorization of the Board of Directors to acquire shares (and depository receipts for shares) in the Company’s capital; the delegation to the Board of Directors of the authority to issue shares and grant rights to subscribe for shares in the capital of the Company and to limit or exclude pre-emptive rights; and an advisory vote on the frequency of the advisory vote on the compensation of our named executive officers (each a “Proposal” and together the “Proposals”).
    [Show full text]
  • 1Q 2019 Relationship Management Purpose-Built for Finance Learn More at Affinity.Co
    Co-sponsored by Global League Tables 1Q 2019 Relationship Management Purpose-Built for Finance Learn more at affinity.co IMPROVE ELIMINATE SUPPORT DISCOVER PROPIERTARY CROSSING YOUR NEW EXECUTIVE DEAL FLOW WIRES PORTFOLIO CONNECTIONS Learn why 500+ firms use Affinity's patented technology to leverage their network and increase deal flow “Within weeks of moving “The biggest problems Affinity “Let’s be honest, no one wants to Affinity, we were able to helps me solve are how to to use Salesforce reporting. easily discover and manage track all of my activity and how Affinity isn’t just better for most the 1,000s of entrepreneur to prioritize my time. It makes teams, it’ll make the difference and venture community me a better investor. All of the between managing your relationships already latent things I need to do on a day-to- pipeline to success, versus not within our team." day basis I now do in Affinity.” tracking it at all.” ERIC EMMONS KYLE LUI KEVIN ZHANG Managing Director Partner Principal MassMutual Ventures DCM Ventures Bain Capital Ventures [email protected]@affinity.co AffinityAffinity is a relationship is a relationship intelligence intelligence platform platform built to builtexpand to expandand evolve and theevolve traditional the traditional CRM. AffinityCRM. Affinityinstantly instantly surfaces surfaces all all www.affinity.cowww.affinity.co of yourof team’s your team’sdata to data show to you show who you is bestwho issuited best tosuited make to the make crucial the crucialintroductions introductions you need you to need close to your close next your big next deal. big deal.
    [Show full text]
  • Cloudera Whatsapp
    LOS ANGELES | SAN FRANCISCO | NEW YORK | BOSTON | SEATTLE | MINNEAPOLIS | MILWAUKEE August 13, 2013 Michael Pachter Steve Koenig (213) 688-4474 (415) 274-6801 [email protected] [email protected] PRISM … Progress Report for Internet and Social Media In This Issue: Cloudera, WhatsApp Cloudera Big Data analysis firm founded by four tech veterans from Facebook, Yahoo, Google and Oracle. Developed applications based on open source Apache Hadoop to process large data sets. Has raised $141 million over five rounds of funding. Annual revenue estimated at $100 million. Market expected to grow at 54% CAGR over next five years. WhatsApp Mobile instant messaging service with 250 million global monthly active users. Subscription-based revenue model; no advertisements or virtual goods. Mostly self-funded, with only $8 million raised in four years. STRATEGIES GROUP THE INFORMATION HEREIN IS ONLY FOR ACCREDITED INVESTORS AS DEFINED IN RULE 501 OF REGULATION D UNDER THE SECURITIES ACT OF 1933 OR INSTITUTIONAL INVESTORS. WEDBUSH PRIVATE COMPANY Wedbush Securities does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Please see page 10 of this report for analyst certification and important disclosure information. Cloudera Cloudera offers scalable and efficient data storage and analytics solutions to companies in the enterprise, Internet and government sectors. The company, based in Palo Alto, was launched in 2008 by three top engineers from Google, Yahoo, and Facebook (Christophe Bisciglia, Amr Awadallah, and Jeff Hammerbacher, respectively) who joined former Oracle executive Michael Olson to address problems inherent in analyzing large volumes of data quickly.
    [Show full text]
  • INTRODUCTION James R. Swartz Is a General Partner and Founder Of
    INTRODUCTION James R. Swartz is a general partner and founder of Accel Partners. He has been active in venture capital since the early 1970s and has served as director for over 50 successful companies. Jim Swartz has been closely involved as the lead investor in numerous industry pioneering public firms including Broadband Technologies, Daisy Systems, Medical Care America, Netopia, PictureTel, Polycom, Remedy Corporation, Riverbed Networks, Ungermann-Bass and many others. In addition, he is working closely with the Accel Europe team as a founder and mentor of Accel’s European business. Before founding Accel Partners in 1983, he was founding general partner of Adler & Company, which he started with Fred Adler in 1978 after his tenure as a vice president of Citicorp Venture Capital. He is a former director and chairman of the National Venture Capital Association. In addition to his ongoing professional commitments, he is a significant leader in numerous cultural, civic, and education-oriented philanthropic activities throughout the nation. A graduate of Harvard University, he also holds a Master’s degree in Industrial Administration from Carnegie Mellon. Mauree Jane Perry: Today is July 19, 2006. This interview with Jim Swartz is taking place at his home in San Francisco, California. My name is Mauree Jane Perry, Oral Historian. Good afternoon, Jim, and thank you. Jim Swartz: Thank you. VENTURE CAPITAL GREATS JAMES R. SWARTZ ________________________________________________________________________ EARLY YEARS MJP: I thought we would begin with the early years of where and when you were born. JS: I was born in 1942 in Pittsburgh, Pennsylvania, at Allegheny General Hospital, which is still there on the north side — actually adjacent to Three River Stadium.
    [Show full text]
  • Accel Partners VII
    Accel Partners VII by Steven N. Kaplan1 Graduate School of Business, University of Chicago As the summer of 1999 began, Julie Robins, the chief investment officer of the Angel Foundation, was considering whether to invest in Accel Partners’ latest venture capital fund – Accel Partners VII. Accel was seeking to raise $500 million. The Angel Foundation had been a limited partner (investor) in Accel’s previous three funds – Accel Partners IV, V, and VI. Those funds had generated returns well above those typical for venture capital funds. In fact, the net returns to limited partners on Accel Partners IV and V were running above 100% per year. Exhibit 1 provides a recent record of historical returns for venture capital funds by vintage year. While 100% plus returns were obviously spectacular, Julie was concerned that Accel had decided to raise the fees it would charge its limited partners. In its previous fund, Accel had charged a management fee of 2.5% and a carried interest (or profit share) of 25%. This already exceeded the industry standard of 2.5% and 20%. In Accel Partners VII, Accel proposed to raise the carried interest to 30% of profits. James W. Breyer, Accel’s managing partner, argued that: “the higher profit share would help it retain and attract new talent. We have the same investment team that has been investing the last three Accel funds, and at the same time, we have greatly strengthened the team with new additions …”2 At a 30% carry, Accel would join a select group of private equity firms that included Bain Capital, Kleiner, Perkins, Caulfied & Byers, and, under some circumstances, Benchmark Capital.
    [Show full text]
  • March 19, 2020 State of Michigan Retirement System Quarterly Investment Review
    STATE OF MICHIGAN INVESTMENT BOARD MEETING March 19, 2020 State of Michigan Retirement System Quarterly Investment Review Rachael Eubanks, State Treasurer Prepared by Bureau of Investments Michigan Department of Treasury STATE OF MICHIGAN INVESTMENT BOARD MEETING MARCH 19, 2020 Agenda 9:30 a.m. Call to Order and Opening Remarks 9:40 a.m. Approval of the 12/19/19 SMIB Meeting Minutes 9:45 a.m. Executive Summary & Performance for Periods Ending 12/31/19 10:00 a.m. Current Asset Allocation Review Markets Review and Outlook 10:15 a.m. Action Item: Removal of Oakmark Equity and Income Fund from 401(k)/457 DC Plans Investment Manager Lineup 10:25 a.m. Review of Investment Reports Defined Contribution International Equity Domestic Equity Fixed Income Private Equity – Receive and File Real Estate & Infrastructure – Receive and File Real & Opportunistic Return – Receive and File Absolute Return – Receive and File Basket Clause – Receive and File 11:00 a.m. Public Comment Closing Remarks ~ Adjournment 2020 Meeting Schedule Thursday, June 11, 2020 Thursday, September 10, 2020 Thursday, December 10, 2020 All meetings start at 9:30 a.m. www.michigan.gov/treasury State of Michigan Retirement System MINUTES State of Michigan Investment Board Meeting March 19, 2020 Robert L. Brackenbury Deputy C hief Investment Officer Bureau of Investments STATE OF MICHIGAN INVESTMENT BOARD December 19, 2019 Meeting Minutes Board Members Present: Chairman – Treasurer Rachael Eubanks Ms. Dina Richard Mr. Chris Kolb Mr. Reginald Sanders Mr. James Nicholson Members
    [Show full text]
  • Walmart-Flipkart Acq Flipkart Acquisition: a Case Study
    International Research Journal of Social Sciences___________________________________ ___ ISSN 2319–3565 Vol. 9(2), 21-31, April (2020) Int. Res. J. Social Sci. Case Study Walmart-Flipkart Acquisition: a case study Ritu Wadhwa Amity Business School, Amity University, India [email protected] Available online at: www.isca.in, www.isca.me Received 17 th November 2019, revised 20th December 2019, accepted 25th February 20 20 Abstract There are various reasons of increasing M&A however, most acquisitions and mergers are done to reduce competition. Year 2017 was the booming year for mergers and acquisition activity specially in e -commerce sector as this sector saw M&A worth $2,112 million according to report of Grant Thornton. Further, India has a potential to nurture more than fourfold to approx. $150 billion by the year 2022, affected by increasing income and heave in the internet users, as per the latest reports. Amongst all e-tailing segment is the fastest growing. Making the biggest acquisition in e -tailing sector this report puts light on the Most recent case of American retail giant which has acquired Flipkart in a competition with Amazon. Furthermore, it divulges the viewpoint behind the huge acquisition and how this will contribute to the Indian economy progression. The strategy behind Walmart-Flipkart allianc e is more than just taking on Amazon. For Walmart this alliance will make its entry into retail in India which was long awaited through e-commerce route by holding Flipkart’s hand. Following this acquisition, the industry has come under the lenses of lawma kers and regulators and the new draft e-commerce policy has been formulated which mentions stern regulations on online retail, including curbs on discounts, which has caused an uproar in the industry.
    [Show full text]
  • A Case Study of Flipkart-Myntra: the Online Giants) Dr
    International Journal of Management Research and Social Science (IJMRSS) ISSN 2394-6407(Print) Volume 1, Issue 1, October - December 2014 ISSN 2394-6415(Online) Study of ‗Mergers & Acquisitions‘ Growth strategy in E-Tailing Industry (A case Study of Flipkart-Myntra: The Online Giants) Dr. Rajeshwari Malik Associate Professor, MSI (GGSIPU), New Delhi, India [email protected] "India's internet ecosystem is going to be one of the most vibrant in the world in the future with half a billion internet users" Sachin Bansal (Co-Founder FlipKart.com) Abstract— In a fiercely competitive e-commerce market, and medium entrepreneurs in India. The parallel biggies are sounding a death knell for the small and mid- advancement in information technology and sized players threatening to eventually wipe them out of communication paved the way for growth of e-commerce. India's burgeoning e-tailing landscape. The domestic The online retail popularly called as e-tailing is also the digital commerce market is expected to clock a higher new buzz word in business. The simple definition of growth in 2014-15 due to better internet penetration, electronic or e-tailing is ―the sale of goods and services increase in trust level and pricing advantage. Growing through internet, and includes business-to-business and number of internet users, a more secure and convenient business –to- consumer sales. CRISIL Research defines e- transaction system, coupled with lucrative offers and a commerce companies as those in the primary business of 24x7 delivery system are the common drivers of growth. providing web platform(s) and website(s) through which With Flipkart raising $1 billion in fresh funds and Amazon individuals, using a computer or smart phone, can purchase pouring $2 billion into the India market, many existing a product or service.
    [Show full text]
  • Preqin and First Republic Us Venture Capital Update: Q3 2018 Preqin and First Republic Us Venture Capital Update: Q3 2018
    PREQIN AND FIRST REPUBLIC US VENTURE CAPITAL UPDATE: Q3 2018 PREQIN AND FIRST REPUBLIC US VENTURE CAPITAL UPDATE: Q3 2018 CONTENTS 3 Deals & Exits 12 Performance 6 Fundraising 14 Fund Managers 8 Funds in Market 16 Investors 9 Micro Venture Capital FIRST REPUBLIC BANK First Republic and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. First Republic specializes in delivering exceptional, relationship-based service, with a solid commitment to responsiveness and action. Services are offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and later in 2018, Jackson, Wyoming. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. For more information, visit: www.firstrepublic.com Preqin partnered with First Republic Bank to prepare this information regarding US Venture Capital. This report is for information purposes only and is not intended as an offer, solicitation, advice (investment, legal, tax, or otherwise), or as the basis for any contract. First Republic Bank has not independently verified the information contained herein and shall not have liability to any third party in any respect for this report or any actions taken or decisions made based upon anything contained herein. This information is valid only as of October 2018 and neither Preqin nor First Republic Bank will undertake to update this report with regard to changes in market conditions, information, laws, or regulations after the date of this report.
    [Show full text]