Venture capital deal value grew 5 times in the last 10 years: Report

Overall since 2014, the figure has been pegged at $10 billion

The venture capital (VC) market in India is through the "scale-up phase" and is now on the path to maturity, says a report.

Over the last couple of years, the VC industry has matured and the focus has shifted to placing selective bets on fewer investments, the report prepared by Bain & Company and the Indian Private Equity and Venture Capital Association said.

"Bigger VCs have accordingly shifted their focus to later-stage investments with many new smaller VCs playing in the Seed/Series A stage," it said.

The study said venture capital deal value grew 5 times in the last 10