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IVCA Awards Recognises PEs & VCs Driving the Sector's Rapid Success | ||
Mumbai, Maharashtra, India
India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), honoured the key players and top performers of the PE-VC ecosystem from 2022 in the sixth edition of the IVCA PE-VC Awards, held on the final day (Feb 22) of the 12th IVCA Conclave, India’s largest PE-VC event.
Winners of IVCA PE-VC Awards 2023
Domestic Private Equity: Best fundraising performance of the year
"We are thrilled to receive this award for our maiden climate fund. Thank you IVCA. This recognition is a testament to the hard work and dedication of our team, as well as the confidence and trust that our investors have placed in us. We strive to create deep impact in our climate investments, creating positive social outcomes while remaining committed to delivering exceptional returns and value to our investors," Dhanpal Jhaveri, Vice Chairman - Everstone Group and CEO - Eversource.
International Venture Capital: Best fundraising performance of the year
"We are thrilled to be recognised as the Best fundraising performance of the year for the International VC category at the recently concluded IVC PE-VC Awards 2023. This highlights the confidence of our investors. We also believe that this reflects the hard work of our entire team who are passionate about what they do and are committed to delivering value to our investors and portfolio companies. We would also like to extend our congratulations to all of the other winners and nominees. It was inspiring to see so many talented and dedicated individuals and organizations represented at the awards," said Prashanth Prakash, Founding Partner, Accel.
Domestic Venture Capital: Best fundraising performance of the year
Commenting on winning the award Kanwaljit Singh, Managing Partner & Co-Founder, Fireside Ventures said, “It’s truly an honour to be recognised by the IVCA, and we’re very grateful to the esteemed Jury for choosing Fireside as Best performance of the year for Domestic Venture Capital category. The award recognises the growing importance of domestic capital in promoting startup activity in India. Consumer investing is a fascinating space, and we're fortunate to partner with dynamic founders and very supportive investors as we help build iconic and responsible consumer brands. Congratulations to all the other winners.”
Venture Debt Funds: Best fundraising performance of the year
"This award is a testament to how far the Venture Debt asset class has come over the last 8 years. Increased participation from both institutional investors and family offices has been critical in driving this growth, and this asset class has now begun attracting global interest as well to help fuel 5X growth by 2030. We are grateful to IVCA for this recognition of the hard work of our team, the unwavering support of our investors and the founders who have chosen to work with us,” Rahul Khanna - Co-founder and Managing Partner at Trifecta Capital.
Private Equity: Best exit performance of the year
“We are delighted to have been recognized by the IVCA for our work with the Max Healthcare team. It was a pleasure to be able to meaningfully contribute to the company’s growth and work to serve patients across India who rely on Max Healthcare's important care. We are also honored to have worked closely with Abhay Soi and the talented Max Healthcare team – we wish the team continued success," said Prashant Kumar, Managing Director at KKR.
Venture Capital: Best exit performance of the year
Ranjith Menon, Managing Director, Chiratae Ventures commented on winning the award, “The proof of good investments is only in successful exits. We are happy to have won the Best Exit Performance of the Year for a VC. Thank you to IVCA for recognising the efforts of Team Chiratae, our investors and our portfolio companies.”
New Fund Entry: Outstanding achievement of the year
On winning the award Aryaman Vikram Birla, Founder, Aditya Birla Ventures said, “It’s an absolute honour to receive this award from a coveted industry body like IVCA. A recognition like this bolsters our confidence in the fact that we are on the right path in creating a large and purposeful Venture Capital platform. I’d like to thank the ABV team for their unwavering commitment, and for being great ambassadors for ABV’s vision- this recognition truly belongs to the wonderful team.”
Corporate Venture Capital: Best performing fund award
Expressing his delight at winning the award, Pankaj Makkar, Managing Director, BII said, “At Bertelsmann India Investments, we continue to remain committed to nurturing innovation, fostering growth, and delivering value to our stakeholders. We are excited to get this award as we embark on our growth journey, and such recognition is a testament to the quality of the work we have done in the last decade, the deep relationships built in the startup ecosystem with our portfolio companies, startup founders and other VC-PE funds.”
Social Impact award
Ravi Vukkadala, CEO, Northern Arc Investment Managers Private Limited said, “Thank you IVCA for conferring this recognition upon us. This indeed is a testament to our core philosophy of lending to impact enterprises across themes of financial inclusion, climate, agriculture, education, healthcare and logistics. Through our investments, we are focused on harnessing commercially viable financing solutions to achieve impact at scale. Since inception, we have impacted the lives of ~22 mn people through our 70+ portfolio companies. We are immensely thankful to our investors and portfolio companies, for enabling us in our journey.”
Outstanding Action for Gender Diversity
About IVCA |
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