startups tech a giant leap in luring vc funds
indian technology startups have emerged the top draws for venture capital investors so far this year, as early-stage investors breached $1 billion in investment in the country for the first time in a single quarter.
between january and march, vc firms more than doubled their investments in domestic technology startups from a year ago to $621 million (rs 3,875 crore), as their appetite increases for pure technology bets in the country's maturing startups ecosystem.
the number of deals jumped to 43 in the first calendar quarter from 29 in the same period last year, according to financial research platform vccedge.
overall,venture capitalists put $1.1 billion to work across 90 deals in the first quarter, against $362 million across 66 deals in the corresponding quarter last year. "the heightened investment activity is both a function of the opportunities and capital currently available in the market" said vishal gupta,managing partner at bessemer venture partners,an investor in snapdeal and bigbasket.
"the quality of companies and entrepreneurs is fair batter now than 5-6 years ago and investors have also seen some success in terms of exits."
indian technology startups have emerged the top draws for venture capital investors so far this year, as early-stage investors breached $1 billion in investment in the country for the first time in a single quarter.
between january and march, vc firms more than doubled their investments in domestic technology startups from a year ago to $621 million (rs 3,875 crore), as their appetite increases for pure technology bets in the country's maturing startups ecosystem.
the number of deals jumped to 43 in the first calendar quarter from 29 in the same period last year, according to financial research platform vccedge.
overall,venture capitalists put $1.1 billion to work across 90 deals in the first quarter, against $362 million across 66 deals in the corresponding quarter last year. "the heightened investment activity is both a function of the opportunities and capital currently available in the market" said vishal gupta,managing partner at bessemer venture partners,an investor in snapdeal and bigbasket.
"the quality of companies and entrepreneurs is fair batter now than 5-6 years ago and investors have also seen some success in terms of exits."
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