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Sunday, December 02, 2007

India : Venture Capital Flow

Venture capitalists invested more than $777 million in 57 deals for entrepreneurial companies in India during the first three quarters of 2007, according to the Quarterly India Venture Capital Report published for the first time today by Dow Jones VentureOne and Ernst & Young. This was nearly five times the $158 million invested during the first nine months of 2006 and more than twice the annual investment record of $320 million set in 2005.

While the rupee's meteroic rise against the USD is creating huge issues- the inflow of money into the country remains unstoppable. Paul Kedrosky points to the the skyrocketing venture investments in India.

Though the majority of financing rounds in the first nine months of 2007 were struck in the IT industry, the Business/Consumer/Retail industry attracted the most venture capital with $376 million invested during this period. The median amount invested in a Business/Consumer/Retail round of financing reached $12 million, double the median round size in IT. This reflects a significant trend reversal compared to 2006, when both industries showed a similar median amount invested of approximately $9 million. Within India's IT industry, the first nine months of 2007 saw more than $113 million invested in 17 deals in the Information Services sector, a four- fold increase over the $27 million invested in this sector during the same period last year.

Clearly, a lot of activity is happening in India best captured by this one - Time to short facebook, buy bollywood - this is written much before the concerns related to facebook began to emerge.

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