MUMBAI:
Early stage funding for promising start-up firms appears is set to
receive a
boost with local and foreign venture capital (VC) investors lining up investment
plans as the economic recovery gains strength both in India and
abroad.
Over 30 new VC funds have started putting money in start-ups
across various sectors such as clean technology, micro finance, rural
technology
and genomics apart from conventional segments, a marked contrast to the
bleak
days of 2007-08 when the global financial crisis hit these investors
hard.
The pace of economic recovery now coupled with factors such as
higher investment returns and easier exit options have triggered off
fresh
interest among both domestic and foreign VC firms to invest in India.
Amongst
foreign VC (FVC) firms, funds such as Artiman Ventures, BAF Spectrum,
ATEL
Ventures, Blue Orchard, Mercatus Capital and Foundation Capital have
already
made the initial investments in Indian start-ups.
To read the full, original article click on this link: Foreign venture capitalist funds bet big on Rising India-Market News-Stocks-Markets-The Economic Times
Author: Shailesh Menon,
