VCs pump $928 million in 2007 in India, a 166% YoY jump

VC’s invested $928 million in 80 deals in the Indian market last year. This is a whopping 166% increase over last year – in 2006, a $349 million was invested in 36 deals. 48% ($384 million, 38 deals) of the $928 mill went to IT companies, business-consumer-retail got $346 million (30 deals), healtcare got $100 million (7 deals).

Median size of the round was about $9 million in 2007 as compared to $8.7 million in 2006.

via release.

VentureBeat also has a spreadsheet with the segment wise breakup.

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