Venture Capital (VC) investments have hit an all-time high this year with transactions worth $1.44 billion in 323 closed deals from January to September. According to data from research firm Venture Intelligence, investments made in the nine months of 2015 have crossed the previous historical high of 304 deals worth $1.17 billion recorded in 2014 for the entire year.
“Surge in early stage deals has pushed the venture capital (VC) investments to an all time high in India, crossing the $1-billion mark for the first time in first nine months of 2015.”
The investment activity during Q3’15 was 41% higher compared to the same period in 2014. The activity level was 9% higher than the previous quarter. The main action was concentrated in seed, first and second round investments.
VC firms invested $536 million over 111 deals in India during the three months ending September 2015 – again record figures for a single quarter, the Venture Intelligence analysis showed.Of the 111 deals, 79, worth $376 million, were IT & ITES companies.
“Tiger Global’s $20 million 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 caught the eye. Tiger Global also participated in two $15 million rounds for online hotel and hostel aggregator Zostel and online shopping recommendations platform Relevant E-Solutions.Food & beverages companies were the second favourite for VCs attracting six investments”
This is not even the end of the year and it is expected to see a large boom in Venture capitalist investing into the trending market, the upcoming year may even double up these numbers.