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Lower Number of Investments in Year 2009 [@ USD 475 million]

Venture Capital firms invested approximately $475 million over 92 deals in India during the twelve months ending December 2009. The number was considerably lower compared to 2008 which had witnessed $836 million invested across 153 deals.

Among the deals

  • South India accounted for about 50% of all VC investments (47% by value) during 2009 with Bangalore being the favorite destination among VCs attracting 29 investments in companies headquartered here.
  • Startups based out of Hyderabad bagged approximately 9 deals over the year.
  • Wstern India accounted for 25% of the pie in 2009 (29% by value) where Mumbai based companies grabbed over 15 investments and Companies based in North India accounted for 15% of the investments in 2009 (12% by value).
  • Delhi & National Capital Region (including New Delhi, Gurgaon and Noida) accounted for 11 investments.

VC firms however begun to increase their pace of investments in Q4’09, making 42 investments worth $265 million – significantly higher than that during the same period in 2008 (23 investments worth $102 million) as well as Q3’09 (19 deals worth $74 million).

Even though the 2009 figures stood as close as half the number deals that happened in 2008 there are indications of morale recovering from the recession towards the fag end of the year.[details here]

As far as 2010 is concerned, things are looking much brighter – do check out our coverage of startup funding.

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