Inside India's VC Boom and Mobile Buzz
With a booming mobile phone user base, a steady rise in the number of Internet users, high capital efficiency and a big opportunity for exits, India is seeing the return of venture capital â€“in the real sense of the word â€” through funds and via cross-border investments. After a lull between 2000 and 2004, the prospects for Indian start-ups are looking good again. Last year, India saw venture capital investments worth $482 million across 52 deals, and this year until June, there have already been investments worth $240 million across as many as 49 deals, according to Venture Intelligence, a research service focused on private equity and venture capital activity in India.
Spotted this post on GigaOM giving nice insights into the VC boom in India and all the buzz about mobiles.
According to Venture Intelligence, for the first six months of this year, 23 percent, that is nearly $55 million of venture capital was invested in online and mobile services companies, $44 million was invested in Internet-based services companies and $10 million was in mobile value-added services companies.
Read more at the Inside India's VC Boom at GigaOM.