The Indian IT and ITES sector has received $87mn VC investment in Q1 – 2/3 of the total $144mn investment made in Q1, as per report by VentureIntelligence
The good news is that online services have attracted 75% of the deal – with ClearTrip leading the investment race ($18.75mn)
- Total Deals : 21 (while there were 28 deals announced in Q1 2007, a sharp decline of 25%).
- Max. Deal Size: $18.75mn (ClearTrip)
- Close to 50% (10 out of 21) deals were in the range of $5-10 million.
- $87 million via 14 deals
Further, Deeya Energy attracted ($15 million) investment from New Enterprise Association, Soham Renewable Energy ($15 million) from D E Shaw and Ikya Human Capital ($8 million) from India Equity Partners. [via]