A bunch of smaller home-grown venture capital firms have entered the market over the past 18 months with first-time funds that are slowly beginning to make their presence felt.
Japan’s SoftBank Group Corp. holds the strings to both deals.
As many as eight firms, including Temasek’s Innoven, now criss-cross a market that until recently barely existed.
Over the last seven years, impact investors have put $5.2 billion to work across 485 deals.
A smattering of deals over the last 18-odd months suggests that brick-and-mortar startups are no longer the pariahs that they were not long ago.
That’s more than double the capital raised in the same period last year.
Unravelling SoftBank’s investment strategy as Masayoshi Son puts over $4B into India in last 9 months
Son is clearly sending out the message that India, despite recent setbacks, remains an extremely important market for SoftBank.
After seven years and an estimated $2b wagered, Tiger Global Management is weeks away from notching its first meaningful exit in India’s startup market.
It isn’t common for venture capitalists in India to worry about losing their jobs. Especially not on account of poor investment decisions. Lately, however, that’s changed. Ever since a top-rung fund manager at one of the country’s largest venture capital shops was shown the door—his investments, a gaggle of mostly… Read more »
it may be a while before the VC activity touches exuberant levels of 2014 and 2015