Bangalore: It seems India's aspiring entrepreneurs are made of sterner stuff than they are credited with. If the estimates of Indian Venture Capital Association (IVCA) are anything to go by, the risk-taking capacity of Indians witnessed a surge in the wake of the economic slowdown, which was triggered by the recession.
The average seed funding size has risen to $2.5-5 million from the pre-slowdown era's average of $1.5-2 million, according to the apex organization of the venture capital and private equity industry in India. Indications are that the amount will rise further by the middle of next year, reports Times of India.
VC deals surge amid downturn - SiliconIndia
