VC investment in India is expected to be buoyant throughout the year: KPMG

Automotive service companies were a big hit with investors, led by the Ola funding of $300 million from Kia and Hyundai (both of Korea) as part of a plan to develop electric vehicles

Venture capital (VC) investment in the country grew in the March quarter from December, with automotive services leading the trend. This was in contrast to global VC investment, which saw a decline from the record height in the December quarter.

VC investment in India is expected to be hot through the end of the year, though investors might be a little cautious for the second quarter of 2019, owing to the general election, according to a report from consultancy KPMG.

The March quarter saw, among other things, $413 million (Rs 2,860 crore) in capital raising by supply chain entity Delhivery