Despite a decline in the number of VC deals globally, there was a major spike in VC investment during Q2’17. A significant number of mega-deals in all regions and more importantly Asia, helped drive this funding increase. This includes China-based ride sharing company Didi Chuxing’s record-shattering $5.5 billion funding round. The VC market in India on the other hand saw a significant shift all of which was positive and augurs well for the future.
Key highlights from India and Asia Pacific:
Commenting on the India findings, Sreedhar Prasad, Partner, Internet Business and Startups, KPMG in India said, “Most large companies are considering acquiring early-stage startups that are category leaders, these are both ecommerce players as well as traditional companies. They are looking to shorten their own product development cycles through acquisitions or trying to dominate the ecosystem by acquiring companies that enable their business. Consolidation is now on every board’s agenda.”
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Copyright © 2014 - 2021 The Global Indian New Network (TGINN)