First quarter venture capital investments in the US, the world’s largest venture capital market, are down with the life sciences and cleantech sectors experiencing the highest declines both in terms of value and volume of investments. Overall, venture capitalists invested $5.86 billion during the first quarter, January-March 2013, down 6.38 per cent from $6.26 billion [...]
Last year, Bangalore-based ecommerce company Flipkart raised $150 million in its Series D round of funding from a clutch of investors — South African media conglomerate Naspers and venture capital investors ICONIQ, Accel Partners and Tiger Global. Earlier, ad network Pubmatic raised a $45 million mezzanine round of funding from another group of investors — [...]
The last year ended on a somewhat somber note for Indian startups and venture capitalists. In November, Flipkart, poster child of the ecommerce sector and investors alike, was slapped with allegations of FDI regulation violations, inviting a probe by the Enforcement Directorate. Earlier, the Indian government barred FDI (which includes most venture capital) in ecommerce [...]
The information technology and information technology-enabled services (IT and ITES) sector raked in the most dollars at $1.29 billion and also reported the highest number of deals at 45, during the quarter.
While fundraising levels were down quarter-on-quarter, the capital raised was dispersed across more venture capital firms in the third quarter as compared to the second quarter (April-June). A total of funds were raised this quarter compared to 43 in the second quarter.
Nine Asian startups announced funding rounds last week across India and Asia. Two startups — Letsinternet and Travelyaari — are said to be in talks to raise funds. Catch up on deal activity in the past week.
Another IIT Bombay incubated startup raised fund, as did a quick service restaurant that focuses on Mexican cuisine. Check out some the key early stage deals in India and elsewhere last week.
Amar Goel’s Pubmatic and Komli have raised a combined $79 mn in 2012, making him the highest funded Indian Internet entrepreneur yet. Check out which other Indian startups have raised top VC dollars this year.
The report identifies medium-term initiatives which would promote the development of a healthy angel and venture capital industry, and a set of longer term recommendations for creating a vibrant entrepreneurial ecosystem.
Venture capital investments in the first six months of 2012 totalled $680.68 million across 115 reported or announced deals. Flipkart, Komli Media and Just Dial alone raked in more than $200 million as part of later stage rounds.
Accelerator to angel to VC flow still struggling to find equilibrium in India
I had fun moderating the panel on early stage financing at India Internet Day. VCCircle has an interesting article. The key issues are as under: 1. Too few deals are progressing from accelerators to angel, and from angel to Series A. Only five per cent of deals going from accelerators to Series A might not [...]
The early ecommerce marketplace pioneers: eBay class of 2000-2005
TechCrunch recently published an article I wrote about how the eBay class of 2000-2005 helped shape ecommerce in Silicon Valley and continues to innovate and move the sector forward. By understanding what shaped this class’ experience and examining where these alums are today, we identified the most important industry trends and start to see a [...]
The founder’s guide to surviving the Series A crunch
The Indian entrepreneurship and venture capital ecosystem is fast maturing. Today we have more early stage funds than ever. This fund availability will only improve, aside from the temporary blips caused due to macroeconomic ups and downs. We are in one such ‘crunch’ today, where even though seed and angel funds are writing cheques with [...]
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