So we are done with some more number crunching. We took a look at the venture capital investments in tech and tech enabled companies between April- June 2014. The data has been compiled from our sources and publicly available data and is the closest we could get to the real deal.
We know of a few deals that have already happened but have not been announced. Those haven’t been included in the data set. And some companies haven’t disclosed the amount of investment, or the investors. Of the investments we tracked, 24 did not disclose the amount of funding they raised and hence was not added to the total funding amount.
When we say an education company, we mean a company which provides technology or technology enabled service to the education sector. That is, not a school or a tuition center. That couldn’t be helped. By enterprise, we mean companies that are selling software, hardware or services to other companies.
Without further ado, here’s the report.
Deal Value Jumps 35%
Technology and tech enabled companies in India raised over Rs 4052 cr ($675 mn) from venture capitalists and other investors in the second quarter of 2014, according to the data we’ve compiled. As compared to the previous quarter, there’s been a 35% growth in deal value.
E-Commerce in the Spotlight, again.
As compared to 58 reported deals in the previous quarter, there were 74 this time. That is, a 27% increase in deal volume. Just like the previous quarter, e-commerce investments dominated the deal landscape. Internet* & Enterprise companies raised a fair amount of money and health care and education startups got some attention as well.
By value, as expected, e-commerce was the hottest category followed by enterprise and BFSI. Mobile, healthcare, and other sectors saw deals comparable to the previous quarter. By volume, most number of deals happened in enterprise sector.
Bangalore, NCR Notch Up Most Deals
Among cities, Bangalore and NCR saw most number of deals take place. By volume, nearly a third of all deals happened in Bangalore (29%) whereas NCR was close behind (28%). By value, Bangalore topped and NCR was a close second. Flipkart’s big fundraise helped Bangalore to the top and Snapdeal’s fundraise added to total deal value in NCR.
* Internet includes online classifieds and online travel companies.