The amount was 55% higher than the money invested by the industry in 2018, the report by Bain & Company’s India Venture Capital Report 2020 said
At the current exchange rate, $10 billion translates to over ₹72,000 crore
The Indian venture capital industry invested record $10 billion in 2019, driven by increased deal volume and larger average deal sizes, according to a report.
The amount was 55 per cent higher than the money invested by the industry in 2018, the report by Bain & Company’s India Venture Capital Report 2020 said.
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At the current exchange rate, $10 billion translates to over ₹72,000 crore.
The report, in partnership with Indian Private Equity & Venture Capital Association (IVCA), said there has been 30 per cent increase in deal volume and 20 per cent rise in average deal size in 2019 over the previous year.
“Despite substantial capital deployment, dry powder availability for VC investing in India was at an all-time high of USD 7 billion at the end of 2019, indicating likely continued investment activity in 2020,” it added.
Source: livemint
