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Venture Capital Investment in India Skyrockets in First Nine Months of 2007, Reaching $777 Million
http://www.earthtimes.org/articles/show/news_press_release,2...
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22 months, 3 weeks, 4 days, 12 hours agoBANGALORE, MUMBAI and NEW DELHI, India, Dec. 3 /PRNewswire/ -- Venture capitalists invested more than $777 million in 57 deals for entrepreneurial companies in India during the first three quarters of 2007, according to the Quarterly India Venture Capital Report published for the first time today by Dow Jones VentureOne and Ernst & Young. This was nearly five times the $158 million invested during the first nine months of 2006 and more than twice the annual investment record of $320 million set in 2005.
Also of note, venture capitalists committed $95 million in eight deals for Communications and Networks companies in India during the first three quarters of the year, the most deals and investment for the sector on record.
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