Dexter Capital Advisors

Dexter Capital Advisors Dexter Capital Advisors is a boutique investment advisory firm focused on providing the best in clas

1) Private Equity

2) Venture Capital

3) Seed/Angel Funding

4) M&A

📢Dexter proudly presents the "Dexter Smash League" Badminton Tournament !!🏸Watch founders & VCs battle it out on the cou...
07/12/2023

📢Dexter proudly presents the "Dexter Smash League" Badminton Tournament !!🏸

Watch founders & VCs battle it out on the court, bringing a whole new level of competition beyond boardrooms. 🏅🏆🎯

This tournament is not just about claiming victory; it's about building a vibrant community, promoting sportsmanship, and embracing an active lifestyle! 🏃‍♀🏃

🌟 Confirmed Participation:
👥 50+ Founders
💼 50+ Investors from 30+ funds including Prosus, Nexus, B Capital, Blume, Fundamentum, Peer Capital, Inflexor, Ideaspring, Cactus VP, Powerhouse, Stride, and many more.

Who do you think will take home the trophy – the founders or the VCs? Share your thoughts in the comments and spread the word! 🏆🚀

This tournament is organized in partnership with KheloMore, a SportsTech start-up founded by Jatin Paranjape, an international-level former Indian cricketer, and Ujwal Deole, an IIM-A alum.

PLEASE NOTE: Participation in the event is strictly by invitation only. Registrations are nearly closed. Please reach out to a Dexter team member over WhatsApp if you are keen to attend.

Dexter Capital Advisors Anuradha Agarwal Devendra Kumar Agrawal

🇮🇳 Celebrating India's 77th Independence Day! 🇮🇳On this momentous occasion, we honor the remarkable journey that has bro...
15/08/2023

🇮🇳 Celebrating India's 77th Independence Day! 🇮🇳

On this momentous occasion, we honor the remarkable journey that has brought us to this point. From the unwavering dedication of our courageous individuals to the significant strides of progress we've achieved, Independence Day serves as a poignant reminder of our shared strength and rich diversity.

This day deeply ingrains in us the core values of unity, inclusivity, and advancement that form the foundation of our great nation. Let's come together to pave the way for a brighter and more prosperous future, benefiting every single Indian.

May your day be brimming with pride, joy, and a revitalized sense of purpose. Jai Hind! 🙌🌟

BASIC Home Loan has raised $4.7 Mn in a Pre-Series B round led by Ashish Kacholia, along with Venture Catalysts & Nikhil...
24/06/2023

BASIC Home Loan has raised $4.7 Mn in a Pre-Series B round led by Ashish Kacholia, along with Venture Catalysts & Nikhil Kamath's Gruhas. Dexter Capital exclusively advised the BASIC team for this round of investment.

New investors joining the round were Dexter Angels, IIM Indore Alumni Angel Fund, and CommsCredible Venture Fund.

_This was Dexter Capital's 3rd transaction in the last 2.5 months !!

We are back with Dexter Diaries!Our host, Vijetha Shastry spoke to Rashi Kohli, former Senior Analyst at Dexter Capital ...
27/03/2023

We are back with Dexter Diaries!

Our host, Vijetha Shastry spoke to Rashi Kohli, former Senior Analyst at Dexter Capital on her journey in Investment Banking and experience at Dexter. We learn about her professional experiences, life beyond work, and much more in this extremely engaging episode of Dexter Diaries.

Tune in now here https://lnkd.in/dsJWPVPq

Dexter Angel’s Weekly Update- 20th March 2023 to 25th March 2023This week, the Indian political landscape was rocked by ...
26/03/2023

Dexter Angel’s Weekly Update- 20th March 2023 to 25th March 2023

This week, the Indian political landscape was rocked by the expulsion of opposition leader Rahul Gandhi from parliament after a conviction for defamation. While this news may seem disconnected from the startup world, it highlights the importance of maintaining a transparent and ethical approach in all aspects of business, including the startup ecosystem.

Startups in India have been growing at an unprecedented rate over the past few years, attracting significant amounts of investment from both local and foreign venture capitalists. However, this growth has not been without its challenges, particularly around issues of corporate governance and ethical practices. As the Indian startup ecosystem continues to mature, it is crucial for founders and investors to prioritise transparency and accountability to ensure sustainable and ethical growth.

Against this backdrop, we bring you some of the most exciting news and developments from the world of Indian startups and venture capital. Let's dive in and explore what's been happening over the past week -

Unpacking Battery Swapping Startup Battery Smart's FY22 Numbers: Get an exclusive insight into Battery Smart's financial health and growth story in the year 2022.
http://bit.ly/3K7AK8f

Anant Goel's Sorted Scoops Up Over $5 Mn in Ongoing Seed Round: Learn about the impressive seed funding round by Sorted, led by Anant Goel, and how it plans to expand its services.
http://bit.ly/3K9NGe1

Neobanking Company Stashfin Raises $100 Mn in Debt: Discover how Stashfin, a neobanking company, raised a staggering $100 million in debt to strengthen its operations and scale up.
http://bit.ly/3JHfYuR

Accel-backed Brick&Bolt Records 60% Surge in Topline, Losses Up 2X: Find out about the growth and challenges of Brick&Bolt, an Accel-backed startup that recorded a significant surge in revenue but also faced losses.
http://bit.ly/40BU8jo

Sequoia-backed Park Revenue Shoots Up Over 5X in FY22: Dive into the growth story of Sequoia-backed Park and how it achieved a 5X increase in revenue in the year 2022.
http://bit.ly/3z9m821

Fresh Cold Wave for Startups as India Updates Angel Tax Regime: Get insights into the recent updates on India's angel tax regime and how it will benefit the startup ecosystem in the country.
http://bit.ly/3lIO61i

Dexter Angel’s Weekly Update- 13th March 2023 to 18th March 2023Silicon Valley Bank (SVB), a key lender to technology st...
19/03/2023

Dexter Angel’s Weekly Update- 13th March 2023 to 18th March 2023

Silicon Valley Bank (SVB), a key lender to technology start-ups and a financial pillar of America's innovation economy, has entered a liquidity crisis, sending shockwaves through the start-up ecosystem. SVB Financial Group, based in Santa Clara, California, announced the sale of $21 billion in securities from its portfolio at a loss.

To shore up finances, the Group held a $2.25 billion share sale, which included US Treasuries and mortgage-backed securities. According to analysts, the move was prompted by high deposit outflows at the bank as a result of a broader downturn in the start-up industry, which resulted in a sharper decline in its net interest income.

This incident makes you want to step back and reflect on the ecosystem and the ripple effects on Indian space. Read all about this deliberation here: https://www.thehindu.com/business/Industry/explained-will-the-svb-collapse-impact-indian-start-ups/article66636150.ece

And on this week's roundup, here are all the headlines that caught Dexter's eyes-

Unpacking Testbook's Financial Health Through FY22 Numbers: Discover the inside story behind Testbook's finances and how it fared in the year 2022.
http://bit.ly/3yMJKtd

Accel-backed Clover Ventures' GMV Grows Over 3X in FY22: Find out how Clover Ventures managed to achieve such an impressive growth in GMV in the year 2022, with the backing of Accel.
http://bit.ly/3ZPGuJj

Lenskart Bags $500 Mn from Abu Dhabi Investment Authority: Explore the details of Lenskart's latest funding round, where it secured a massive $500 million from Abu Dhabi Investment Authority.
http://bit.ly/3YXAblI

PhonePe Raises $200 Mn in Additional Funding from Walmart: Dive into the news of PhonePe securing an additional $200 million in funding from Walmart, and what it means for the future of digital payments in India.
http://bit.ly/3YY4atG

Rockstud Capital Sets Up $36.4 Mn Angel Fund to Back 25 Indian Startups: Discover how Rockstud Capital is supporting Indian startups with a new $36.4 million angel fund to nurture and scale their businesses.
http://bit.ly/3Ttw0gv

Netflix Turning Its Back on Indian Originals to Focus on Licensed Films: Find out why Netflix is shifting its focus from Indian originals to licensed films, and how it could impact the Indian entertainment industry.
http://bit.ly/42lt21t

Insurtech Startup Vitraya Bags Funding to Upgrade Technology for Healthcare Segment: Get a glimpse into how Vitraya is using its recent funding to upgrade its technology for the healthcare sector, and how it will benefit the segment.
http://bit.ly/3LEpa5X

That’s all from Dexter’s weekly round-up! Hope you have a great evening ahead!

Dexter Angels Weekly Update -  23 January 2023 to 28 January 2023At least 20 existing unicorns want to come back to Indi...
30/01/2023

Dexter Angels Weekly Update - 23 January 2023 to 28 January 2023

At least 20 existing unicorns want to come back to India and shift their domicile here, if regulations are eased.

That's what Sameer Nigam, CEO of PhonePe has to say ever since the company decided to shift its domicile to India. In all of this, PhonePe investors had to pay Rs.8,000 crore in taxes. India has often been criticised for policies that make entrepreneurs averse to setting up business in the subcontinent.

Today, the idea of 'AtmaNirbhar Bharat’ is a recurring theme in all sectors and has brought with it a wave of entrepreneurs using this spirit in their startups. The headlines talking about India minting unicorns at near-record pace attest. This point of pride has been wounded due to a portion of startups having flipped away.

Sameer spoke about this and more on Make it (Big) in India! Watch it on Youtube here:
https://www.youtube.com/watch?v=MFjh0rp_dbM&ab_channel=PhonePe

Meanwhile, here is your weekly dose of everything from the startup ecosystem that caught our eye:

After mass firing at ShareChat, this week there is now news of two out of three founders exiting the company.
http://bit.ly/3DlJST1

Log9, a Battery Tech Startup raised $40 million in its Series B round led by Amara Raja Batteries and Petronas Ventures.
http://bit.ly/3Hifbzl

Influencer Economy platform Rigi also raised Rs. 100 crore in a round where marquee angel investors like cricketer Mahendra Singh Dhoni and Amit Agarwal of NoBroker participated.
http://bit.ly/3WFbxoF

Zomato turned down a report claiming that they were shutting down Zomato Instant. Instead there is news of rebranding the business with mention of no people being affected by the move. Care to check it out?
http://bit.ly/3Hg4ltz

While the impact of all the controversies on BharatPe’s financial health is yet to be ascertained with its FY23 results, BharatPe—under the helm of Grover— managed around 4X growth in FY22.
http://bit.ly/3DpOoQn

After thrasio-style GOAT reported acquiring clothing brand Chumbak just two weeks back, it has now announced its acquisition of Imara; a women-focused ethnic apparel brand.
http://bit.ly/3HckFLX

And that’s all from Dexter’s weekly round-up! Hope you have a great evening ahead!

*Fireside Chat:* Decoding Term Sheet for Founders*Register:* https://forms.office.com/r/Mk7Za2ufgs*Date and Time:* 27th ...
27/01/2023

*Fireside Chat:* Decoding Term Sheet for Founders

*Register:* https://forms.office.com/r/Mk7Za2ufgs

*Date and Time:* 27th Jan, 3:00pm to 4:00pm

*Speaker:* Prashant Kataria, Partner, KING STUBB & KASIVA

*Moderator:* Deepak Agrawal, Principal, Dexter Capital

Prashant Kataria focuses on Private Equity and Venture Capital transactions along with Mergers and Acquisitions having a cross-border angle. Prashant has gained valuable experience in these domains working both in India and Singapore. He represents some of the top private equity and ventures capital funds in connection with their legal needs. He regularly advises multi-national and Indian companies on their general corporate requirements, including joint ventures, commercial, legal, regulatory, disputes and labour related matters across multiple jurisdictions.

Deepak Agrawal is a principal at Dexter Capital Advisors. He is an experienced early stage investor with a demonstrated history of working in the venture capital and private equity industry. Skilled in Analytical Skills, Entrepreneurship, Venture Capital, Investment Strategies, and Equities. He is the Board Observer of several startups like Numocity, Worxogo, Lavelle Networks. Prior to Dexter he was VP at Ideaspring capital an early-stage venture fund uniquely focused on investing in B2B “Enterprise Product Innovation” startups.

*Venue:* KWINGS, #29/A (E), 27th Main, 7th Cross Rd, 1st Sector, HSR Layout, Bengaluru, Karnataka 560102

*Landmark:* Behind HSR Layout Police Station

*Register:* https://forms.office.com/r/Mk7Za2ufgs

DeHaat raised $60 million in a Series E funding round to become the largest agritech startup in India.            Vijeth...
07/12/2022

DeHaat raised $60 million in a Series E funding round to become the largest agritech startup in India.



Vijetha Shastry

Remember the erstwhile era when you would diligently get your bank passbook updated?In the early 2000s, this meant takin...
16/10/2022

Remember the erstwhile era when you would diligently get your bank passbook updated?
In the early 2000s, this meant taking half-day from work and waiting in a queue in your bank’s branch only to realize that the bank’s printer was out of ink.
Tables turned and in the last decade, banking in India transformed from boring (and often frustrating) to rapid & digital. Now passbooks are a piece of nostalgia & fintech has made banking compete with the gig economy with their quick 10-min loans.
And now we’ve managed to impress the world - quite literally - with the World Bank praising FinMin for our growth in banking.
Leveraging on praise and leaving no stone unturned, today the govt. announced the launch of 75 Digital Banking Units (DBUs). While Fintechs have been at the forefront of global praise, the government has now pushed traditional banks to pace with this digital drive.
Know more about these 75 DBUs that shall soon be of quite some use to you (including getting your (m) passbooks updates) - https://www.livemint.com/.../what-are-digital-banking...
Meanwhile, the startup week has been a mix of funding and (sigh) more layoffs. As you get ready for a busy week ahead, here is a look at all that's been up across the ecosystem
Health is wealth. And this time it’s wealth for FitBud fitness SaaS platform as it raised $3.4 million in a seed round.
https://entrackr.com/.../fitbudd-raises-3-4-mn-from.../...
And Edtech continues to drown with Byju’s yet another round of layoff. This time the number is 2,500 employees.
https://entrackr.com/.../byjus-set-to-lay-off-2500.../
Another addition to the list is FrontRow with a layoff percentage from last week's downsizing as high as 75%. This leaves 40 employees and a troubling time for MasterClass-styled EdTech.
https://entrackr.com/.../exclusive-frontrow-lays-off.../...
Not a layoff but an acquisition at an EdTech this week was with Vedantu’s majority stake in test preparation platform Deeksha for $40 million.
https://entrackr.com/.../vedantu-acquires-majority-stake.../
Meanwhile, the troubles in Gig Economy reached the Court as there were complaints about the steep pricing of Uber & Ola in Bangalore. The courts are now trying to make the govt and ride-hailing platforms reach a “common ground”.
https://entrackr.com/.../high-court-stays-karnataka-uber.../
And lastly leaving you with news of some respite amidst ecosystem dull days - There was cash flowing for investors of co-working space Awfis this week as it's all set to provide cash exit to its existing investors to the tune of $30 million!
https://entrackr.com/.../high-court-stays-karnataka-uber.../
That’s all from the Dexter desk this week with our Weekly Roundup. Here’s to a great Monday ahead for all of you!

Wishing everyone a wonderful and Happy Dussehra from all of us from the Dexter Family
05/10/2022

Wishing everyone a wonderful and Happy Dussehra from all of us from the Dexter Family

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