‘Indian VCs deploy highest ever funds in 2019’

NEW DELHI: The Indian VC industry deployed $10 billion during 2019, the highest ever, and about 55% higher than 2018, driven by increased deal volume and larger average deal sizes, showed a report.
There has been a 30% increase in deal volume and a 20% increase in average deal size in 2019 over the previous year, according to the Bain & Company’s India Venture Capital Report 2020 in partnership with Indian Private Equity & Venture Capital Association (IVCA).
“Despite the global economic climate, India’s startup and VC ecosystems continue to thrive as investors take a long term view based on the country’s growth potential,” said Arpan Sheth, partner, Bain & Company.