: As India’s tech startups boom, so does its venture capital industry #IndiaNEWS The growth of India’s tech startup has not only mainstreamed entrepreneurship but also led to a boom in the local

@newsMNC

Posted in: #IndiaNEWS

As India’s tech startups boom, so does its venture capital industry #IndiaNEWS
The growth of India’s tech startup has not only mainstreamed entrepreneurship but also led to a boom in the local venture capital industry.The top 10 Indian venture capitalists have participated in nearly 600 funding rounds and backed over 420 ventures in just the last 30 months.The most active among the bunch has been Mumbai-based Blume Ventures, which participated in 91 rounds between 2019 till July this year, data from market intelligence platform Tracxn show. The 10-year-old firm – launched by Karthik Reddy and Sanjay Nath, both consulting professionals who were former members of the angel investing network Mumbai Angels – currently has 57 companies in its portfolio, ranging from sectors such as e-grocery, online pharmacy, logistics and ed-tech.Considering Blume Ventures has backed around 145 startups in its lifetime, the majority of these have been in the last two years.Matrix Partners India, founded in 2006, follows Blume Ventures in the Indian venture capital industry with 86 deals and 55 portfolio companies, according to Tracxn. Matrix’s investing experience dates decades back though since it’s the Indian arm of an American venture capital founded in 1977.While much of the capital being poured into the world’s third-largest startup ecosystem is still foreign with the likes of New York-based Tiger Global and Japan’s Softbank funding big-ticket...Read more

Latest stock market news Twitter alternate of India

Flash it Bury this

0 Reactions   React

Replies (0)

Login to post a comment!