Advent clocks a full exit; New Mark Capital makes a new bet; VC-backed Join Ventures’ game plan for growth

VCC Handbook Edition #166 | Oct 28, 2025

PRIVATE EQUITY

• Advent makes first full exit from India portfolio this year; how did it pan out?

Global private equity firm Advent International has made its first full exit move of 2025 from its India portfolio after two big-ticket liquidity ...... Read more

• Former Warburg Pincus LLC exec’s Newmark Capital bets on another firm via second fund

New Mark Capital, a private equity-style investment firm targeted at the public markets floated by Niten Malhan, a former India co-head at private ...... Read more

VENTURE CAPITAL

• VC-backed snack brand GO DESi plans fresh funding

Bengaluru-based confectionery and snacks maker Go Desi Mandi Pvt Ltd is planning to raise a fresh round of equity capital, a person familiar with the ...... Read more

• smallest.ai , Cybrilla , Arthos Finserv LLP , Ticket9 collect early-stage cheques

Voice AI platform Smallest.ai, fintech infrastructure startup Cybrilla, event management platform Ticket9, and wealth advisory firm Arthos have ...... Read more

CONSUMER

• How DSG Consumer Partners -backed gifting platform Join Ventures plans to speed up growth

Join Ventures Solutions Pvt Ltd, the holding company behind direct-to-consumer gifting brands IGP, Interflora and Masqa, intends to grow its business ...... Read more

MANUFACTURING

• Searchlight: Real Ispat and Power Ltd hits a bump as revenue, profit slip after swift growth

For Real Ispat & Power Ltd (RIPL), the flagship of the Raipur, Chhattisgarh-based Real Group, the year through March 2025 proved financially ...... Read more

FINANCE

• Reserve Bank of India (RBI) returns PE-backed Jana Small Finance Bank ’s universal banking application

The Reserve Bank of India (RBI) has returned Jana Small Finance Bank’s application for a voluntary transition to a universal bank, citing non-...... Read more

COLUMN

• Rising stress tests the resilience of India’s education finance sector

India’s financial system is showing two divergent realities today. Banks are reporting their healthiest balance sheets in decades, with gross NPAs ...... Read more

CREDIT

• Lighthouse Canton to invest over $1.5 bn in India; eyes private credit, real estate

Singapore-based asset manager Lighthouse Canton plans to invest over $1.5 billion in India in the next few years, with a focus on private credit and ...... Read more

PEOPLE

• Tata Group 's charity arm ousts key member Mistry from board

Tata Group's charity arm Tata Trusts has voted to oust businessman Mehli Mistry from its board, a person with direct knowledge of the matter said...... Read more

MARKETS

• SEBI puts Vedanta Group firm Sterlite Electric 's IPO on hold

India's markets regulator has put Sterlite Electric's initial public offering (IPO) on hold, according to an update on the regulator's ...... Read more

FINANCE

• Govt plans to more than double the cap on foreign investment in state-run banks

India is planning to allow direct foreign investment in state-run banks of up to 49%, more than double current limits, according to a person directly ...... Read more

OTHERS

• Grapevine: Flipkart Minutes , Accel , Motilal Oswal Financial Services Ltd , Kedaara Capital, IFC - International Finance Corporation , Dream11 in news

Less than a year after joining Flipkart's quickcommerce platform as vice president, Kabeer Biswas has decided to exit the company, and in a ...... Read more

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