Here are a few highlights from the report:
Venture Capital and Private Equity firms invested about US$ 1.1 billion* in 66 India-based companies during 2004. The amount invested was significantly higher compared to the $507 million invested during 2003.
Warburg Pincus’ $149 million investment in optical storage media maker Moser Baer was the largest VC / PE investment during year
Investments in Business Process Outsourcing declines
Late stage and publicly-listed companies corner majority of the investment pie
ICICI Ventures emerges as the most active VC
Companies based in South India corner over 50% of investments
Mumbai threatens Bangalore’s lead as top destination for VC investments
VC and PE firms obtained exit routes for their investments in as many as 30 companies during 2004
Six venture-backed companies pulled off successful IPOs during the year
Venture backed IT services company Patni Computer Systems and biotech firm Biocon raised $95 million and $71 million respectively via their IPOs
IBM’s $160 million purchase of Daksh eServices was the largest M&A exit
This week, we will also be publishing some other vignettes - especially some of the unusual trends gleaned while analysing the annual data - on our blog.
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Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.