October Was a Big Deal Of A Month: Flipkart & Other Tech Deals Pushed Volumes Up

With the amount of funding activity we saw in the startup & VC world, October had to be the best month of the year.

Private Equity & Venture Capital investments in & other technology companies such as GlobalLogic, Eka Software, Komli Media & Druva Software pushed up deal values in the month of October. (Source)

There were 12 exits in the month of October as compared to 11 in the previous month. The secondary sale in GlobalLogic and open market sale of HT Media were notable exits, said the report.

Two large funds, IDFCAlternatives & Walden International raised over $100 mn to invest in India.Deal Handshake

The Deals that Made October

Nearly 13 deals were reported in the first two weeks of October. Software R&D service provider GlobalLogic was acquired by private equity firm Apax Partners for $420 mn. E-commerce company Flipkart raised another $160 mn adding to the $200 mn it raised in July.

Towards the end of the month, Komli Media raised $30 million from PE Fund Peepul Capital and existing investors, Homeshop18 raised $14 million from GS Home Shopping and others, Ticketgoose raised ~ $3 mn from Indventure, Intel Capital Invested $65 million in 16 companies out of which two were from India.

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