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, FabHotels.com 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 Fabhotels.com 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
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.