Source: Financial Express, Oct 08, 2018
India’s online environment is thriving. Private equity firms and venture capitalists invested a chunky $7 billion into online ventures between January and September, data sourced from research agency Tracxn showed. That may be a little less than the $8 billion they bet during this time last year but it’s nonetheless impressive.
Private Internet companies have done well for themselves picking up over $6 billion, estimates by Jefferies say. Of this, over a third of the investments or $2.4 billion flowed in during the September quarter alone. Read the rest of this entry »