Silicon Valley’s startups have for the past year nabbed themselves a hefty share of VC funding. Billions of dollars exchanged hands in the American market in 2007. But big money isn’t only on the agendas of US-based investors and new and burgeoning businesses.
Last year, India’s statistics pertaining to venture capital grew a substantial amount when compared the figures of 2006. According to Dow Jones VentureSource [PeHUB], which recently published its quarterly India Venture Capital Report, the Indian VC sector at large saw a 166% increase from the close of 2006 to the close of 2007. The cash translation: a good $928 million total, spread over 80 deals.
What’s especially interesting is that Dow Jones found 48% of all investments made in entrepreneurial ventures in 2007 were related to the fast-growing IT industry, many of which were dealt specifically to “the Web-heavy ‘information services’ sector.” The QIVCR states that 22 of 80 deals were Web-centric in various capacities, and garnered $141 million of the $928 million year-end pie.