Mumbai: Venture capitalists invested some $928 million in 80 deals for entrepreneurial companies in India during 2007, according to the Quarterly India Venture Capital Report published today by Dow Jones VentureSource.
This was a whopping 166 per cent increase over the $349 million invested in 36 deals in 2006, and easily the highest total on record for the region.
The report found nearly 48 per cent of all venture financing deals in India were for Information Technology (IT) companies, as 38 rounds were completed, accounting for $384 million, more than India's entire 2006 venture investment total.
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