Some of the Indian VC funds are returning to real venture funding after an almost 5-6 years of pure private equity play.
According to a news snippet, Q1 2007, VCs invested $130 million across 20 deals in India. Out of these 20 investment deals, 14 deals amounted to $73 million in IT & ITES space. This compares well with the number Q1 last year, which stood at $125 million.
The good news is that couples of these deals are in the range of $1-$3 million. An indication that Indian VC community is now showing signs of opening up to early stage ventures.
Is it a trend? Need to dig a little deeper. Will write an update on this soon...
Tuesday, April 17, 2007
Indian VCs Return to Real Venture Funding
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