Mumbai: The first quarter of calendar year 2015 saw a surge in investments from angel investors and venture capital (VC) funds as they sought to get capture a piece of fast growing start-ups in the country.
From January to March, VC funds invested $1.06 billion, compared with $362 million in the same period last year, according to data from VCCEdge, a financial tracker. The number of transactions spiked as well, to 87 from 66 last year, a 31.81% jump in volume.
Angel and seed investors did 91 deals, compared with 61 during the same period last year, registering a growth of 49.18%. In value terms, investors allocated $62 million, as against $25 million during the same period last year, a jump of 148%. “There is a lot of interest in this segment and it is translating into deals being done. The market continues to be buoyant and we are seeing a rise in good quality deals,” said Sasha Mirchandani, founder and managing director at Kae Capital.
Investors are being able to exit with better returns, which is adding to the positive environment, Mirchandani said.
Some of the top deals during the first quarter of 2015 include Senvion SE raising $1.15 billion from Centerbridge Partners Lp, International Finance Corp. investing $259.27 million in Bandhan Financial Services Pvt. Ltd, and One 97 Communications, which owns Paytm, raising $635 million from Alibaba Group Holding Ltd and SAIF Partners.