BENGALURU: Online funding platform for startups, LetsVenture, is launching a specialised healthcare investment programme called Healthcare Council, which aims to invest Rs 3-5 crore each in about 15-20 startups over the next one year, focusing on healthcare at the seed and pre-Series-A stages. Healthcare Council will have industry experts — from hospitals, insurance providers, pharmaceutical firms, angels and venture capitalists — providing market access and mentorship to young companies. Further, it aims to set up a community that facilitates knowledge exchange and helps members to connect and exchange ideas. LetsVenture has already onboarded former entrepreneurs and angel investors Raghavendra Prasad, the founder of doctor appointment scheduling app Qikwell, and Paddy Padmanabhan, the founder of Damo Consulting. LetsVenture wants to provide domain expertise to these founders through industry practitioners. Some of LetsVenture’s investments include DailyNinja, … [Read more...] about LetsVenture set to launch its healthcare council
Foreign investors council
Investors should expect 10% or less in next 12-15 months: Taher Badshah, Invesco
It is no longer an easy market to make money and investors should not expect 20% returns this year, said Taher Badshah, CIO-equity of Invesco Mutual Fund. In an interview with Prashant Mahesh, Badshah said earnings growth would pick up, but price-to-earnings ratio (PE) will contract. Momentum investing is over and investors need to be valuationsconscious and buy stocks at reasonable valuations with downside protection, he said.Edited excerpts: Macro-economic indicators are deteriorating, while investors are expecting an earnings recovery this year. What does this mean for stocks? In this correction, sentiment is running ahead of reality. Though crude has risen fast and interest rates have moved up, they will not derail growth. The earnings this quarter will be important because it will confirm the expectations of a 15-20% earnings growth for FY19. The effects of demonetisation and GST are wearing off. Two-wheeler sales, tractor sales and freight movement are pointing to better … [Read more...] about Investors should expect 10% or less in next 12-15 months: Taher Badshah, Invesco
Ontario Teachers, Capital International in talks to buy a stake in NSE
Mumbai: Ontario Teachers’ Pension Plan Board, one of the largest institutional investors in Canada, and Capital International Group are in separate talks to buy a minority stake in the National Stock Exchange (NSE), ahead of its planned public offering slated later this year. Both investors are in talks with some of the existing foreign stockholders, including Goldman Sachs Inc, and private equity firms Tiger Global and General Atlantic, to buy up to 5 per cent in India’s largest stock exchange, which was recently crowned the biggest in the world by way of derivative trading volumes. Ontario Teachers’ Pension Plan, Capital International Group, Tiger Global and General Atlantic declined to comment. NSE and Goldman Sachs did not respond to ET's emailed queries. However, a source close to Tiger Global said the US fund is likely to continue as a shareholder in the exchange. NSE has revived its listing plans that were stalled due to litigation against the exchange in … [Read more...] about Ontario Teachers, Capital International in talks to buy a stake in NSE
LetsVenture registers as AIF to get more angels
BENGALURU: Investment platform LetsVenture is aiming to attract more angel investors and facilitate more investments in startups by registering as an angel Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (Sebi), which means it can operate as a privately-pooled investment vehicle and collect funds from Indian and foreign investors to invest in startups. Industry members said an AIF investment structure for angels helps startups by exempting them from the ‘angel tax’, while investors said it helps create a level-playing field with venture capital seed funds. LetsVenture said the move will help push angel investments through its platform to Rs 1,000 crore in the next two years, compared to Rs 450 crore invested in the past five years. Cofounder Shanti Mohan said it will also push startup investment as an asset class, and added that the company is already in discussions with wealth management platforms. “As an AIF, we can empower … [Read more...] about LetsVenture registers as AIF to get more angels
FPIs pumped money into these 10 smaller stocks, too
The majority of the flows into Indian stocks from foreign investors (FPIs) of over Rs 1 lakh crore in 2019 came into the top-performing blue-chips. Some of the flows have also trickled into mid- and small-cap stocks in this period. ET has compiled 10 smaller stocks in which FPIs have raised their stakes consistently in 2019. Bloomberg consensus estimates of analysts’ price targets show these stocks can return between 15 per cent and 40 per cent in one year. SHRIRAM TRANSPORTAt current market price, the stock is attractively priced trading at 1.2 times FY21 estimated book value, according to Rahul Pandey, analyst, Karvy Stock Broking. “Going ahead, profits of the company for FY19-22 is expected to be 15.3 per cent CAGR owing to moderation in provisioning amount and reduction in corporate tax rate from 34 per cent to 25.2 per cent,” he said. REPCO HOME FINANCEAccording to Arjun Pasumarthi, analyst, Chola Securities, the stock is valued at Rs 376, assigning a price … [Read more...] about FPIs pumped money into these 10 smaller stocks, too
