Growth Stage deals perk up VC investments in August

Sluggishness in Early Stage however continues

Venture Capital investments* perked up in August to 34 investments worth as much as $440 million - making it the second highest month in 2017. These stats are comparable to those seen in August 2016 (37 deals worth $458 million) and 140% higher in terms of value compared to Jul'17. August also arrests the 2-month slide in deal activity which began in June. (* Seed to Series D round investments in companies less than 10 years old with value of up to $20 Million. The monthly stats also include investments in IT companies that less than 10 years old, with deal value above $20 million.)

August registered as many as 10 deals worth more than $10 million or more, with VC investors predominantly focused on Series B and beyond rounds.

The reported $100 million investment in B2B E-Commerce firm Just Buy Live,was followed by data protection software company Druva's strong $80 million round. Online lender Capital Float attracted $45 million, while Treebo Hotels checked in with $34 million. Healthcare firms found favour with bioinformatics company MedGenome attracting $30 million and fitness chain operator Curefit raising $25 million.

Seed Investors taking a Break?

August was not all good news, however. The slowdown in angel investments continued with the month registering just 19 investments - compared to 47 deals in the same period last year and 22 in July'17.

The downward trend was also noticeable in the Early Stage VC segment with a sequential drop in Seed and Series A investments.

Will the Mega Flipkart Deal Trickle Down?

The screamingly large headline in the VC ecosystem in August of course was SoftBank Vision Fund's mega investment (over $2 billion) in Flipkart - providing an exit route to the e-commerce poster child's early investor, Tiger Global. Whether this liquidity event will encourage Tiger Global - the bellwether VC investor in India during the first half of this decade - to invest more in India going forward could set the tone for the remainder of the year. For more perspective on Tiger's past and likely future investments, read the analysis here.

Media Coverage:

Growth deals drive VC investments in August: The Times of India

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.

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