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6 Months, 100 Deals Worth $363 Million Made in India

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Bangalore: Venture Capital firms have invested $363 million across India, in 100 deals during the first six months period ending in June 2012. The graphs have dropped down as compared to 2011, wherein the same time period capitalists had covered over 103 deals worth $520 million according to a study by Venture Intelligence, a complete research service provider which focuses on private equity, venture capital and M&A transaction activities in India,

There is also a considerable fall in the quarter analysis because the latest quarter ending June 2012 has witnessed just 55 deals worth $186 million as compared to 59 deals worth $281 million in the same quarter during 2011. But there has been a considerable increase compared to the immediate previous quarter which had 45 deals worth $177 million.

Venture Intelligence points that the top growth investment during the quarter includes $20 million investment which was led by Everstone along with Helion Ventures into the salon chain firm ‘YLG Salon and Spa’. There was also an investment worth $16.2 million by Peepul Capital into a medical device firm Cura Healthcare.

There have also been great investments among early stage deals which accounted for 78% like, Russian VC firm ru-Net Holdings invested a whopping $9 million in Sequoia Capital backed online apparel brand Freecultr and $8 million in an online shoe retailer BeStylish. MineralTree, an US based secure payment provider also procured $6.3 million from Growth Partners India. Apart from these startups Olacabs raises $4 million from Tiger Global; Cbazaar.com procured $3.5 from Ojas Ventures and Inventus Capital and Unmetric got a $3 million investment from Nexus Ventures.

Venture Intelligence also reported that, Information Technology and its enabled services companies closed around 33 deals worth about $86.4 million which grosses 60% of investments in volume whereas Online services attracted 21 investments worth $61 million.

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Reader's comments(1)
1: India is getting great funding and it is not surprising as most of the ideas are born here.
Posted by:roger - 19 Jul, 2012