India Startup Angel/VC Funding Digest, Q2 2013: 70 deals closed upwards of $240 million
The Indian startup space has gained momentum over the years and various factors like an opening up mindset, support structures coming up and funds being poured in have been helpful. We have been tracking the startup space for five years by now and last year, in 2012 we tracked all the Angel/VC fundings. Quarter 1 of 2013 saw 55 deals (and 16 acquisitions) with disclosed deals amounting to $140 million.
The Quarter 2 has seen 70 deals with declared investments amounting to $240 million.
- Overall 70 deals were closed over the 3 months and the 41 disclosed investments amounted to $240 million.
- 30 deals were in the sub $1 million range while 6 were above $10 million.
- eCommerce saw 10 deals with investments worth $103 million while Healthcare saw 9 deals worth $35 million.
- NCR led the way in terms of number of investments with 33% of the 70 deals. Next came in Bangalore and Mumbai.
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