Updated below with quarterly information on investments, and most active VCs
Some interesting pointers from Venture Intelligence’s analysis on investments in 2013: VC firms reportedly invested about $805 million in 206 deals in India during 2013, around 18% lower than that in 2012, which saw 252 transactions worth $898 million. Some notes from their press release:
– Early stage investments down: What is perhaps more worrying is that share of Early Stage investments went down to 68% of total, from 83% in 2012. Note that Venture Intelligence defines ‘early stage’ as first and second rounds of institutional investments into companies that are less than 5 years old and the investment size is less than $20 million.
– Sub $5-M deals account for 69% of all investments
– Regional distribution: Companies based in South India corner 41% of investments, followed by West (29%) and North (24%). Top cities: Bangalore with 49 investments and $214 million, Mumbai with 49 and $164 million, Delhi with 24 and $69 million, Gurgaon with 15 and $55 million, Chennai with 21 and $105 million.
– 68 investments worth $237 million were made in Online Services companies, 29 investments worth $97 million in Enterprise Software (up from 21 investments worth $78 million in 2012), while 22 investments worth $46 million were made in Mobile VAS companies (surprisingly up from 18 investments worth $41 million in 2012). All in all, IT & ITES accounted for 130 investments worth around $404 million, around 50% of all investment in terms of value, and 63% of total number of investments.
– Top investments in the digital space: $20 million for online taxi booking service Olacabs by Matrix Partners India and Tiger Global, $15 million in Cardekho by Sequoia Capital India, and $14 million for HealthKart, from Intel Capital, Sequoia Capital India, Omidyar Networks and others.
Update: Venture Intelligence has shared data with MediaNama, on Internet and Mobile investments by quarter, as well as information on total angel investments in the year in comparison with the previous years. We were particularly curious about quarterly numbers because the investment climate in India was quite turbulent last year, when the Rupee depreciated at an alarming pace.
It’s not surprising that the Internet investments declined marginally after Q2 last year, but more so, that investments in Mobile VAS really went down in Q2 and Q3:
This year, they haven’t released a list of most active VC’s, but we wouldn’t be surprised if it’s Blume Ventures again, like last year.
Update: Venture Intelligence has shared more data with us, on the most active VC’s in India, and looks like we guessed correctly:
– Blume Ventures was the most active VC investor during 2013 with 23 investments (22 of them in new companies).
– Accel India is second with 15 investments (5 new);
– Nexus Ventures and Kae Capital with 14 investments each (with seven and 12 new investments respectively)
– Sequoia Capital India with 12 investments (8 new)
– Matrix Partners India made 10 investments (8 new).