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August’16 was a better month in terms of announced VC/PE deals. Reported deal amount was USD875m, among better amounts seen in 2016. Deal amount comes from 42 transactions, another 28 chose not to disclose invested amount. Deal count has also seen a recovery compared to last 2 months. The month saw 70 reported transactions as compared to 49 in Jul’16 and 59 in Jun’16. Both deal count and amount show a drop on a YoY basis. Cumulative ytd numbers continue to suffer. For ytd 2016 (Jan-Aug’16), cumulative investment was USD5.8B, 36% lower than ytd 2015. Sectoral allocation of investments continues to show a sharply falling trend in Internet related businesses. For Aug’16, deal count in Internet was 22, as compared to 27 in Aug’15. The sector did see a big transaction, with messenger app Hike witnessing a USD175m investment from Foxconn Technology Group. Hike has seen its valuation rise to unicorn levels. Warburg did an interesting transaction, when it backed the erstwhile CEO of Future Supply Chain with a hefty USD125m to start a new logistics company. Presumably the idea is to make a few acquisitions.
VC / PE deals in India in August 2016
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August’16 was a better month in terms of announced VC/PE deals. Reported deal amount was USD875m, among better amounts seen in 2016. Deal amount comes from 42 transactions, another 28 chose not to disclose invested amount. Deal count has also seen a recovery compared to last 2 months. The month saw 70 reported transactions as compared to 49 in Jul’16 and 59 in Jun’16. Both deal count and amount show a drop on a YoY basis. Cumulative ytd numbers continue to suffer. For ytd 2016 (Jan-Aug’16), cumulative investment was USD5.8B, 36% lower than ytd 2015. Sectoral allocation of investments continues to show a sharply falling trend in Internet related businesses. For Aug’16, deal count in Internet was 22, as compared to 27 in Aug’15. The sector did see a big transaction, with messenger app Hike witnessing a USD175m investment from Foxconn Technology Group. Hike has seen its valuation rise to unicorn levels. Warburg did an interesting transaction, when it backed the erstwhile CEO of Future Supply Chain with a hefty USD125m to start a new logistics company. Presumably the idea is to make a few acquisitions.
VC / PE deals in India in August 2016
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