VC,Private Equity investment doubles to $2.4 billion

Despite the see-sawing of the stock markets and the Budget announcements, the overall VC/PE investments in India seems to be riding on a crest. The first quarter of 2007 (January-March) has seen VC/PE investments almost double to about $2.4 billion across 78 deals compared with $1.4 billion across 69 deals in the same period last year.

If this growth continues, we could very well see total investments crossing $10 billion in 2007, especially with several new funds coming in,” says Arun Natarajan of Venture Intelligence India, which tracks VC/PE investments in India.

via ET.

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