india china tech vc deals

India Ahead Of China In Number Of VC Fundings

VC Funding deaLS in India during first quarter of 2015 had reached new heights as the number of Tech venture capital deals surpassed China, first time ever.

The number of deals struck by venture capital (VC) funds in the first quarter of 2015 in India is 69 where as China saw 66 VC deals in Q1’15, reports CB Insights, a New York-based firm that tracks VC funding. India saw the most deal growth among Asian countries, at 60% compared to the first quarter of 2014, when the number of deals stood at 43.

During the three-month period, ended March 30, 2015, the VC investment in Tech startups in India totaled $1.36 billion. The investment was made via 69 deals, the maximum ever in the last nine months.

China was still ahead of India in terms of deal value at $2.99 billion. India’s funding stood at $1.35 billion. For India, this was a rise of 225% over the same quarter of the previous year. Both countries reported a drop in the quantum of money raised from the last quarter of 2014

During FY14-15, a total of $5.2 billion investment was made in tech startups via 233 deals in India. The staggering 426% financial Year-On-Year growth in the tech investment which clearly tells the story of ever booming Indian startup ecosystem.

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On other side, Japan saw 28 startup deals by VCs during the first quarter. Overall the top 3 countries in Asia accounted for 66% of all deals to VC-backed tech companies in Asia in the first quarter of 2015.

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According to the CB Insights, Chinese startups constituted 12 of the top 15 startup deals in Asia while India startups constituted the rest. For the first time, India has raised more than $1 billion for three consecutive quarters.

The silicon valley of India, Bangalore, stood on top of the list of Cities with maximum number of investment deals in tech startups. Tech startups in Bangalore raised $147 million via 19 deals in first quarter (Jan-March) of 2015. With 14 deals, Mumbai secured the second position in the list though, but startups there raised almost double the amount of Bangalore. Gurgaon and New Delhi remain at third and second position in the list. Interestingly, tech startups in Noida managed to grab only a single deal, but the largest in amount, thanks to One97 Communications the parent company of Paytm that grabbed $575 million from Alibaba.

The CB Insight report also highlights the top investors of tech startups in India. Sequoia capital, Tiger Global Management and IDC Ventures remained the top three investors in India tech startups.


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