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January 21, 2005

Vignettes from the Venture Intelligence India Roundup-Annual-2004 report

The Venture Intelligence India Roundup Annual 2004 report will be released next week.

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.

In case you aren't a Venture Intelligence India subscriber, please email us at info@tsjmedia.com to order the Venture Intelligence India Roundup-Annual-2004 report.

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.