Graphic: MintMumbai: Venture capital investments in business-to-business (B2B) startups set new records in 2018, investors said, adding with access to large global markets and growing focus on artificial intelligence, 2019 could be even bigger. According to venture capital data firm Tracxn, 2018 saw investments of $3.09 billion in B2B startups across 415 rounds, 28% more than the $2.41 billion allocated in 2017, across 534 rounds. The larger B2B space comprises smaller sub-segments such as trucking and logistics, software as a service (SaaS) and robotics, which attract funding. Similarly, Cornerstone Venture Partners is raising a ₹300-crore fund to invest in cloud-based and software B2B startups. “The main reason is that we are undergoing a shift in venture capital thesis across the ecosystem.

Source: Mint January 08, 2019 21:22 UTC