Indian VC Investments fell by 30 pct in 2012
E-commerce also got affected and saw a sharp decline in number of deals in 2012, partly because the previous year had seen a significant number of deals in this space. Face of Indian e-commerce Flipkart raised $150 million from Tiger Global and Accel Partners in 2012, Yebhi.com raised $18 million from Fidelity Growth Partners and Nexus Venture Partners.
E-commerce saw 31 Private Equity and Venture Capitalist deals in 2012 converting into $298 million compared to 36 PE/VC deals worth $328 million in 2011. In 2011, Snapdeal raised $40 million from Bessemer Venture Partners along with existing investors Nexus Venture Partners and IndoUS Venture Partner. Travel portal YatraOnline raised $45 million from Intel Capital, Norwest and Valiant Capital.
Group-buying sites that raised $66 million across four deals in 2011 did not see a single round of fund-raising in 2012.
