Venture capital (VC) investments in the country grew by a mere 9% in 2007, with $543 million invested across 98 deals. VC funds had pumped in $500 million across 94 deals in 2006.
Among the sectors attracting venture funds, IT and ITeS were followed by healthcare and life sciences, media & entertainment and telecom, the study indicated. Early stage investments dominated the scene and accounted for 66% of all investments during the whole year, the study said.
Information Technology (IT) and IT-enabled Services (ITeS) retained its status as the hot favourite among VC investors during the year, with 65 investments totalling $377 million, according to a study done by Venture Intelligence and US-India Venture Capital Association.Within IT and ITeS, business process ousourcing (BPO) firms attracted the maximum deals (in value terms), cornering about 29% of the share, followed by online services.
Read more in The Times of India article.
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