First AVCJ Indian Private Equity & Venture Capital Awards showcase performance, strength with Sequoia, ICICI, Chandwani wins
AVCJ’s first-ever annual Indian Private Equity & Venture Capital Awards saw distinguished wins for firms including Sequoia Capital, ICICI Venture and KPMG.
Each winner was recognized for its performance throughout the year. Candidates were nominated and voted on by industry judges and Asia’s entire PE and VC community, adjudicated by the AVCJ Editorial board. The Gala Dinner and Awards evening featured ESPN cricket commentator Harsha Bhogle and was sponsored by Ernst & Young, with Sudhir Kapadia, Head of E&Y India's private equity tax practice, presenting the Awards.
The Indian Venture Capital Deal of the Year Award went to Indian search business JustDial, with SAIF Partners, Sequoia Capital and Tiger Global credited for cultivating JustDial’s multi-platform approach. Indian Private Equity Fundraising of the Year went to CX Partners, backed by Ajay Relan, after garnering $515 million for CX Partners Fund 1.
Deal of the Year was Coffee Day Group, with Kohlberg Kravis Roberts, New Silk Route, and Standard Chartered Private Equity honored. Indian Private Equity Exit of the Year, meanwhile, went to the listing of local water management firm VA Tech Wabag by ICICI Venture and its hedge fund partners GLG, Passport and Sattva.
AVCJ also presented two advisory awards. The first, Indian Legal Advisor of the Year, went to Wadia Ghandy & Co., one of the oldest and most-established firms in the market. KPMG India, credited with a solid private equity practice under Vikram Utamsingh, took home the award for Indian Financial Advisor of the Year.
ICICI Venture’s Sumit Chandwani was recognized as Indian Private Equity Professional of the Year, for his achievements in deals such as VA Tech Wabag. And rounding out the night was the Indian Private Equity Firm of the Year Award, commemorating Sequoia Capital India’s success in its cross-sector and multi-strategy approach to investing in more than 50 companies.
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