Chennai, India: Private Equity and Venture Capital firms invested about US$1.4 billion in 69 Indian companies during the quarter ended March 2006, according to study by Venture Intelligence India (http://www.ventureintelligence.in). The amount invested during the latest quarter was over 3.5 times that during the same period last year and 1.7 times that during the October-December 2005 quarter.
“The average PE deal size has gone up to about $20 million from $14 million during the same period last year,” said Arun Natarajan of Venture Intelligence India. “Apart from mega deals like Temasek’s investment in Tata Tele Services, the increasing investments by PE firms in the Real Estate industry as well as in mature IT, BPO and Manufacturing companies has contributed to the rise in deal sizes,” he added.
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Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.