By all accounts, 2004 has been a golden year for venture firms in India. For one, there were record exits, 30, according to Chennai-based industry tracker TSJ Media, not counting some smaller ones that fly under the radar. That's a clear sign of exit routes improving, with options like IPOs and M&As becoming available to the firms.
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.