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January 02, 2017

Share of hospitality deals dip 50 per cent in 2016: Economic Times

An ET Article quotes Venture Intelligence data on VC Investments in the Hospitality sector:
According to data shared by Venture Intelligence with ET, the sector witnessed just six deals till November this year compared with 18 in the previous year. The total amount raised was also lower at $86 million against $284 million last year. The data, however, excluded investments in tech companies such as OYO. 
While last year's landmark deals included $112-million investment by IDI Emerging Markets in Sapphire Foods, $30-million infusion by India Value Fund Advisors in fine dining chain Indigo and SAIF Partners pumping $19 million into QSR chain Ammis Biryani; this year the highlight was Goldman Sachs' $66-million investment in hotel development and investment firm Samhi Hotels in January.

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.