Latest news with #KPMGPrivateEnterprise
Zawya
02-05-2025
- Business
- Zawya
KPMG Private Enterprise launches hunt for next disruptive tech innovator in the UAE
Dubai: KPMG has launched the Global Tech Innovator Competition 2025 to find the UAE's top tech innovators set to disrupt the market. The highly competitive tournament invites selected startups to pitch tech-driven solutions that will transform customer service to a panel of industry leaders. UAE start-ups will have exclusive access to investors and global platforms, with the winner advancing to the global finals, where they will join finalists from 20+ countries. Since its inception in 2021, the Global Tech Innovator competition has played a pivotal role in supporting the UAE's positioning as a tech innovation hub, accelerating the region's contribution to the global digital economy. Its aim has been to contribute to and support the continued growth of promising top tech innovators, giving them the opportunity to take their businesses to the next level. With the UAE topping GCC countries as a leading incubator for start-ups in the latter half of 2024, the presence of over 5600 startups registered across the country offers an excellent environment for the competition. Anurag Bajpai, Partner at KPMG Lower Gulf, said, 'We are committed to supporting emerging trendsetters in the tech sector and are excited to champion UAE tech innovators through our annual global competition, a platform that spotlights local talent. As the UAE continues to cement its standing as a leading technology hub within the region and globe, we are proud to play an active role in shaping the future of the digital economy.' To be eligible, applicants should be registered in the UAE, actively operating for seven years or less (in their current form) and generating revenues between $1-15M or have raised at least $500k in equity. The applicant should be either a pure technology or a tech-enabled business and not majority owned by a large corporation. The UAE's tech ecosystem continues to thrive, driven by its attractive investment environment, low corporate income tax, flexible business policies, and innovation-led legislation. About KPMG Private Enterprise KPMG Private Enterprise is dedicated to working with businesses like yours. It's all we do. Whether you're an entrepreneur, a family business, or a fast-growing company, we understand what's important to you. The KPMG Private Enterprise global network for Emerging Giants has extensive knowledge and experience working with the startup ecosystem. From seed to speed, we're here throughout your journey. You gain access to KPMG's global resources through a single point of contact — a trusted advisor to your company. It's a local touch with a global reach. About KPMG International KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 146 countries and territories and have 227,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such. About the competition The inaugural KPMG Private Enterprise Tech Innovator competition is being hosted in the following 16 countries. The tech innovator finalist in each country will be recognized on the world stage at Web Summit 2021 where they will be given the opportunity to demonstrate their growth plans.
Time of India
22-04-2025
- Business
- Time of India
VC investment in India dips to $2.4 billion as investors fret amid global uncertainties: Report
Venture Capital (VC) investment in India declined to USD 2.4 billion in January-March 2025 from USD 2.6 billion in the preceding quarter as investors remained wary amid the current geopolitical situation, according to a report by KPMG. Looking ahead, the report said that VC investment in India could remain "somewhat soft" in the second quarter of 2025 although the long-term outlook remains positive given the country's strong macros. "India saw VC investment drop slightly from USD 2.6 billion in Q4'24 to USD 2.4 billion in Q1'25," said KPMG Private Enterprise's Venture Pulse-- a quarterly report tracking investment trends globally across major regions around the world. It noted that capital markets also took a beating in India during the quarter amid concerns of overpricing. While markets recovered somewhat in the second half of Q1 2025, the general trajectory was lower than initially expected in Q4 2024. VC investors in the country remained highly focused on consumer offerings in the quarter under review with areas such as e-commerce and quick commerce attracting maximum attention. Further, payments and lending also continued to be a key sector of investment in India. "The most important thing in India right now is that the macros are intact. Nothing fundamentally has changed. The money has started coming back to India. There are certain large IPOs of startups that have been announced, which should hit the market over the next one or two quarters. I think we are back in business - and what we're seeing now is really just a minor impediment - a speedbump," Nitish Poddar, Partner and National Leader - Private Equity, KPMG in India, said. Live Events Apart from India, VC investment and deal volume in the Asia Pacific region dropped to USD 12.9 billion across 2,149 deals in Q1 2025 - the lowest levels the region has seen in over 10 years. VC funding declined consistently across the region, with China seeing a drop from USD 10.9 billion to USD 6 billion quarter-over-quarter. Japan saw a decline from USD 1.1 billion to USD 900 million. However, Singapore was the sole bright spot in the region, with VC investment rising from USD 880 million to USD 1.7 billion. Overall, Global VC investment surged from USD 118.7 billion in Q4 2024 to an 11-quarter high of USD 126.3 billion in Q1 2025, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market. The overall increase in the deal value was largely driven by a series of mega-rounds by AI companies, the report noted.
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Business Standard
22-04-2025
- Business
- Business Standard
VC funding in India dips to $2.4 bn in Q1 2025 amid global concerns: Report
Venture Capital (VC) investment in India declined to USD 2.4 billion in January-March 2025 from USD 2.6 billion in the preceding quarter as investors remained wary amid the current geopolitical situation, according to a report by KPMG. Looking ahead, the report said that VC investment in India could remain "somewhat soft" in the second quarter of 2025 although the long-term outlook remains positive given the country's strong macros. "India saw VC investment drop slightly from USD 2.6 billion in Q4'24 to USD 2.4 billion in Q1'25," said KPMG Private Enterprise's Venture Pulse-- a quarterly report tracking investment trends globally across major regions around the world. It noted that capital markets also took a beating in India during the quarter amid concerns of overpricing. While markets recovered somewhat in the second half of Q1 2025, the general trajectory was lower than initially expected in Q4 2024. VC investors in the country remained highly focused on consumer offerings in the quarter under review with areas such as e-commerce and quick commerce attracting maximum attention. Further, payments and lending also continued to be a key sector of investment in India. "The most important thing in India right now is that the macros are intact. Nothing fundamentally has changed. The money has started coming back to India. There are certain large IPOs of startups that have been announced, which should hit the market over the next one or two quarters. I think we are back in business and what we're seeing now is really just a minor impediment a speedbump," Nitish Poddar, Partner and National Leader - Private Equity, KPMG in India, said. Apart from India, VC investment and deal volume in the Asia Pacific region dropped to USD 12.9 billion across 2,149 deals in Q1 2025 the lowest levels the region has seen in over 10 years. VC funding declined consistently across the region, with China seeing a drop from USD 10.9 billion to USD 6 billion quarter-over-quarter. Japan saw a decline from USD 1.1 billion to USD 900 million. However, Singapore was the sole bright spot in the region, with VC investment rising from USD 880 million to USD 1.7 billion. Overall, Global VC investment surged from USD 118.7 billion in Q4 2024 to an 11-quarter high of USD 126.3 billion in Q1 2025, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market. The overall increase in the deal value was largely driven by a series of mega-rounds by AI companies, the report noted.
Mint
22-04-2025
- Business
- Mint
VC investment in India dips to USD 2.4 bn as investors fret amid global uncertainties: Report
New Delhi, Apr 22 (PTI) Venture Capital (VC) investment in India declined to USD 2.4 billion in January-March 2025 from USD 2.6 billion in the preceding quarter as investors remained wary amid the current geopolitical situation, according to a report by KPMG. Looking ahead, the report said that VC investment in India could remain "somewhat soft" in the second quarter of 2025 although the long-term outlook remains positive given the country's strong macros. "India saw VC investment drop slightly from USD 2.6 billion in Q4'24 to USD 2.4 billion in Q1'25," said KPMG Private Enterprise's Venture Pulse-- a quarterly report tracking investment trends globally across major regions around the world. It noted that capital markets also took a beating in India during the quarter amid concerns of overpricing. While markets recovered somewhat in the second half of Q1 2025, the general trajectory was lower than initially expected in Q4 2024. VC investors in the country remained highly focused on consumer offerings in the quarter under review with areas such as e-commerce and quick commerce attracting maximum attention. Further, payments and lending also continued to be a key sector of investment in India. "The most important thing in India right now is that the macros are intact. Nothing fundamentally has changed. The money has started coming back to India. There are certain large IPOs of startups that have been announced, which should hit the market over the next one or two quarters. I think we are back in business — and what we're seeing now is really just a minor impediment — a speedbump," Nitish Poddar, Partner and National Leader - Private Equity, KPMG in India, said. Apart from India, VC investment and deal volume in the Asia Pacific region dropped to USD 12.9 billion across 2,149 deals in Q1 2025 — the lowest levels the region has seen in over 10 years. VC funding declined consistently across the region, with China seeing a drop from USD 10.9 billion to USD 6 billion quarter-over-quarter. Japan saw a decline from USD 1.1 billion to USD 900 million. However, Singapore was the sole bright spot in the region, with VC investment rising from USD 880 million to USD 1.7 billion. Overall, Global VC investment surged from USD 118.7 billion in Q4 2024 to an 11-quarter high of USD 126.3 billion in Q1 2025, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market. The overall increase in the deal value was largely driven by a series of mega-rounds by AI companies, the report noted. First Published: 22 Apr 2025, 06:38 PM IST
