Financial Services
Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years
19 Feb 2021
With India seeing the birth of several hundred start-ups
every year, small venture capital (VC) funds have emerged as promising players.
Micro VC flow increased 20 per cent in 2020 to $139 million from $116 million a
year ago.
The number of deals increased to 88 from 82 in 2019. Micro
VCs — those with fund size below $30 million — have infused $341 million into
the space through 730 deals across 566 start-ups in the past three years,
according to a report by Indian Private Equity and Venture Capital Association
and Amazon Web Services co-authored with Praxis Global Alliance.
The full article was originally published on Business
Standard