Take out the SoftBank-backed exits and India's venture capital industry doesn't look in terribly great shape
Exits in India’s venture capital market, according to data compiled by Chennai-based researcher Venture Intelligence, touched $2.7 billion last year, up an impressive 56% from the previous year. The exits rally, going by the data reported, has been propped up by a handful of big ticket deals. Three, in particular, are noteworthy. New York-based hedge fund Tiger Global Management has reportedly sold parts of its stakes in e-commerce company Flipkart and ride hailing company Ola and Delhi based venture capital firm SAIF Partners sold its stake in One97 Communications Pvt. Ltd, the company that owns online payments platform Paytm. The reported payout from just these three deals is $1.7 billion and all of that has come from a single buyer—Japan’s SoftBank Group Corp.