Venture capital firms invest $340-M in India during first half of 2008

Venture capital firms invest $340-M in India during first half of 2008
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First Published: Mon, Jul 14 2008. 03 21 PM IST

Updated: Mon, Jul 14 2008. 03 21 PM IST
Chennai: Venture Capital firms invested $158 million over 26 deals in India during the three months ending June 2008, according to a study by private equity tracking firm Venture Intelligence.
The latest figures take venture investments during the first six months of 2008 to $340 million across 51 investments.
“VC investment activity as well as amounts invested during the first half of 2008 has not been affected much by the turmoil in the global financial markets,” said Arun Natarajan, Founder & CEO of Venture Intelligence. “While IT companies continue to account for a majority of investments, it is quite significant that the proportion of non-IT investments – both by activity and value – has now climbed up to 40%. VC investments are increasingly focusing on alternative energy, media, retail and other consumer demand-led sectors,” Natarajan added.
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First Published: Mon, Jul 14 2008. 03 21 PM IST