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| VC fund flow into India rises 36% in third quarter | |
| Press Trust Of India / New Delhi November 28, 2008, 0:53 IST | |
The global economic downturn notwithstanding, venture capital (VC) investments have continued to flow into India and China, with both countries witnessing a significant surge in the third quarter this year.
According to a study by research firm Venture Intelligence, VC investment in India grew by 36 per cent at $290 million for the third quarter ended September 30.
Meanwhile in mainland China, VC investments grew by 22 per cent to $964 million at the end of the third quarter, as per data by Dow Jones VentureSource.
“It is clear that venture capital investors are still eager to put money into emerging markets and, in many areas, they’re actually accelerating the pace of their investments,” Dow Jones VentureSource Global Research Director Jessica Canning said.
The increased investment by existing players and the entry of new funds contributed to the growth this quarter, the Venture Intelligence study stated.
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