Venture capitalists descend on India
Monday, October 16, 2006
Unlike private equity investment, the venture capital industry remains in its infancy in India.
Private equity deal volumes are expected to triple to $7bn by 2010 compared with $2.2bn in 2005, according??to??Bain,??the??consultancy.
But investment in start-ups accounts for only about 20 per cent of the total number of private equity and venture capital deals done in India, according to Venture Intelligence, a domestic company that tracks private equity and venture capital deals.
Among ?early stage? deals this year, US fund Clearstone Ventures invested $7.5m alongside State Bank of India in BillDesk, a Mumbai-based payments processing company in June.
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