Indian companies witnessed about 20 percent rise in venture capital (VC) funding
Bangalore: Indian companies witnessed about 20 percent rise in venture capital (VC) funding, which moved up to $77 million (around Rs. 360 crore) in July-September this year. The VC funding is also poised to grow in the coming months, as per a report.
According to the data compiled by research firm Venture Intelligence in association with Global-India Venture Capital Association (GIVCA), it is reported that VC firms invested $77 million over 17 deals in India during the third quarter of 2009. During the April-June quarter, VC funds had invested $64 million across 17 deals.
"Liquidity position of the limited partners is improving and by December quarter we will see funding returning to 2006 levels, wherein investments were at a more sustainable level," Venture Intelligence Chief Executive Arun Natarajan said. Although no new funding is expected, existing investors would shore up investments and by next year the total deals would be valued at about $200 million across 15-20 deals, he added.
"The return of confidence in emerging markets in general and India in particular is now getting reflected in the quarter-on-quarter numbers. Going forward, we expect the investing momentum to pick up even further," said GIVCA Director Sudhir Sethi.
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