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August 09, 2017

VC investments slip to 2014 levels

Venture Capital investments slide to below 30 a month, after two heady years.

July 2017 registered a 12 month low in Venture Capital investments*, registering just 26 deals. Investment value also dipped to US$180 million from $260 M in June'17. (*Seed to Series D round investments of up to $20-M in companies less than 10 years old. The monthly analysis includes investments of over $20-M as well in tech startups that are less than 10 years old.)

Follow-on investments in Growth Stage Consumer Internet & Mobile companies - led by Byju's Classes, and UrbanClap - helped bump up the number of $10M+ deals during the month.

Top VC Investments

Byju's Classes raised a reported $40 million from China's Tencent at a valuation of $750 million. (Other Indian companies Tencent has invested into include Flipkart, Hike and Practo.)

Oyo Rooms competitor raised a $25 million Series B led by Goldman Sachs' venture arm and Accel India. The hotel aggregator space has not seen any other investments in 2017. Treebo Hotels last raised $17 million in July-2016.

Home and local services company Urbanclap raised a $22 million Series C from Vy Capital, SAIF Partners, Bessemer and Accel India.

Angel Investments stabilise at 22

Investments have more than halved from a high of 48 deals in July 2016 to just 22 deals last month.

Top Funded Sectors in July

Fintech - Vayana Network, Billionloans, Trupay, Ziploan

Healthtech - 1MG, Touchkin

Food - Hokey Pokey, MonkeyBox

Prominent Exits

Inventus Capital and IvyCap Ventures scored healthy exits from online advertising firm Sokrati as part of the Pune-based company's sale to Dentsu Aegis Network. Inventus had invested $1 million in Mar-2011 and $3.5 million along with with IvyCap Ventures in Jan-2015. (Dentsu Aegis had also acquired SVG Media in April 2017.)

SAIF Partners and Outbox Ventures exited InstaLively via a acquihire by messenger app maker Hike.

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.