The investments in 2019 are also comparable to the full-year investments of $4.2 billion and $4.3 billion in 2016 and 2017, respectively, indicating the surge of capital allocation in the past six months. The data defines venture capital investments as seed, or very early investments, to Series F deals in companies that are less than 10 years old. Recent deals, especially the $16 billion acquisition of India’s online retailer Flipkart by US retail giant Walmart last year, lured more investors to India. Flipkart investors made a healthy return and are investing again," said Mukul Arora, partner at SAIF Partners, an early backer of Paytm, BookMyShow and Swiggy, among others. Deal-making has also broadened, across companies and sectors, moving away from a few large companies such as Ola, Paytm and Flipkart that used to top fundraising charts every year.

Source: Mint June 30, 2019 17:48 UTC