All about Me…

VC Investment in India jumps 120% in Q2 2008: Bubble in making?

Posted by vishalsinghal on August 22, 2008

Advertising startups rule the VC world and ~37% of VC investment has gone in these startups.

Few interesting stats:

  • India attracted $238 million in venture investment with 17 deals closed in the second quarter, a 120% increase over the $108 million invested in 12 deals during the same period in 2007.
  • 7 second-round deals completed in the second quarter – total of $161 million.
  • 10 seed and first round deals were also completed during the quarter, accounting for nearly $77 million in investment
  • No later-stage deals were completed.

Sectoral split

  • Business & Financial Services industry, which includes the advertising/marketing sector, received the bulk of investment with $131 million invested in nine deals, records on both accounts.
  • Second in terms of investment was India’s Information Technology (IT) industry, which recorded three deals and $33 million worth of investment during the second quarter, a 55% decline from the $73 million invested in nine deals during the same period last year.[source]
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