Chennai, July 15 (Inditop.com) Venture capital (VC) firms investment has fallen in the first six months of this year, as compared to the corresponding period in 2008, according to a study.
The study, conducted by Venture intelligence, a leading research firm in the venture capital space, and Global India Venture Capital Association, said VC firms invested $117 million in 27 deals in India with fund inflow picking up in the last two months of the period under review.
According to it, $413 million was invested across 67 deals in first half of 2008.
“The uncertainty in global financial markets over the past six months has affected VC investing in India as well,” said Global India Venture Capital Association director Sudhir Sethi.
“There are clear signs of revival over the last couple of months – especially in emerging markets like India,” added Sethi.
IT and IT-enabled services accounted for the lion’s share of the deals, garnering 52 percent of the number of deals and 63 percent in terms of value.
According to the study, online service companies retain their status as a favourite sector while financial services, healthcare and education also attracted considerable VC attention.
