Venture Capital investments in India have touched a record high of 1.4 billion mark to reach $1,438 million for the first nine months of 2015, surpassing the previous historical high of $1,170 million for full year 2014. This was driven by early stage investments, according to Venture Intelligence, the firm that provides information on private company financials, transactions and their valuations. Data from Venture Intelligence shows that there were 323 deals so far this year when compared to 304 deals in the whole of 2014. For the quarter ending September 2015, VC firms invested $536 million over 111 deals in India, 14 per cent higher than 2014 which had witnessed 79 investments worth $264 million.
Region wise South has fared well in the first nine months of 2015 with 131 deals amounting to $525 million. This was followed by the Northern and Western regions with 90 deals amounting to $390 million and $425 million respectively. Eastern India just had three deals ($11 million). During the same period last year Southern region had 87 deals worth $312 million and the western part of India managed to grab 71 deals totalling $254 million. North had 50 deals ($246 million) and East saw 7 deals ($32 million).
IT and IT-enabled Services companies grabbed the lions share. Of the 111 deals this quarter, technology space attracted 79 investments worth $376 million. Some of the big deals include Tiger Global’s $20 million fresh investment in mobile-based news service News in Shorts and a similar amount attracted by engineering services BPO Allygrow in a round led by Zodius Capital. Tiger Global also participated in two $15 million rounds during this quarter.
ADVERTISEMENT