Venture capital deals in India nemen toe
- 12,5 MILJOEN DOLLAR VAN UPDATA PARTNERS
5-8-2009 - Financiele resultaten
Private equity (PE) and venture capital (VC) deals in India are seeing an uptrend again. Though the first half of 2009 was dismal overall, the number of such deals and the amount of investment therein has risen in the past couple of months.
And if market sources are to be believed, the numbers will only get better going forward. Vikram Utamsingh, head of private equity advisory group at KPMG, believes some funds that were busy adding value to their portfolio companies after the global meltdown are now looking at fresh investments. Deal flow is happening. There is greater confidence than seen in the past nine months, Utamsingh said. Sequoia Capital on Thursday made a Rs 40 crore investment in telephone service provider Just Dial.