Venture Capital (VC) investments in India have hit a record high this year with 323 deals worth $1.438 billion completed in the first nine months of 2015, according to data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations.
Venture Capital is money provided to seed, early-stage and emerging businesses with perceived long-term growth potential. The previous record was set in 2014 when 304 deals worth $1.17 billion were recorded for the entire year.
Venture Capital firms invested $536 million over 111 deals during the three months ending September, up 41 percent over the same period last year and a record high for a single quarter.
Early seed investments (seed, first- and second-round investments in companies not more than 5 years old) attracted over $1 billion in investments in the first nine months, compared to the previous high of $553 million in full-year 2011, the report said.
IT and IT-enabled services attracted huge interest accounting for 79 investments worth $376 million (71 percent of total investments in volume terms and 70 percent in value terms).
Within IT, 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 were the largest investments by size reported during the third quarter of 2015.
The material has been provided by InstaForex Company – www.instaforex.com