Simultaneously, several startups are veering away from raising equity capital at discounted valuations. The world of debt mutual funds has witnessed net outflows, as its once-favourable tax treatment was levelled with other fixed-income products due to the removal of indexation benefits. The influx of fresh capital has dwindled, courtesy of tightening market conditions. Consequently, private credit funds find themselves in a more advantageous position when negotiating for higher interest rates, given their status as a scarce source of capital for businesses. These private credit entities continue to tap into opportunities created by the shifting strategies of NBFCs, mutual funds, and conservative banks.
Typically, private credit funds (PCF) invest in the debt or hybrid securities of unrated and lower-rated companies. They offer debt financing to startups and early-stage businesses. While it’s worth noting that private credit comes at a cost, this funding avenue imposes fewer stringent conditions than traditional lenders, providing an alternative for startups that wish to avoid significant valuation reductions through down rounds. Private credit activity in India is experiencing robust growth momentum, with over Rs 30,000 crores deployed across selected transactions in the first half of 2023. With Non-Performing Assets (NPAs) of scheduled commercial banks currently at historic lows, the distressed asset investment pipeline is displaying signs of deceleration. As a result, fund managers are increasingly pivoting toward structured solutions for special situations, such as acquisition financing, bridge-to-IPO funding, and capex solutions. The National Asset Reconstruction Company Limited (NARCL) faces challenges and struggles to scale as originally envisioned.
ãã®èšäºã¯ BW Businessworld ã® 21 October 2023 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ BW Businessworld ã® 21 October 2023 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing Chinaâs influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders