 "Venture capital deals rise 35% in April-June")
The number of venture capital deals in India rose 35% to 89 during the quarter ended June 2015 as compared to 66 deals a year ago.
Value of the deals rose 75% to $425 million from $243 million a year ago.
The number of exits stood at eight compared to 11 a year ago. While there is a drop in the number of exits, value has increased by around 275% to $419 million as compared to $112 million a year ago. But sequentially, the deal value has dropped. Last quarter, the value of the 11 deals stood at $464 million.
IT industry witnessed the maximum number of deals, grabbing 79% of the the pie, followed by health care which was a distant second with 7%.
Of the total internet and mobile deals, shopping space witnessed the highest number of deals at 25, followed by home services at eight, personal finance at seven, five in education and four in travel.
CraftsVilla raised $18 million, Swiggy raised $16.5 million, Coverfox raised $12 million, Zopnow raised $10 million and trucksfirst raised $10 million.
Top fund closings include Sequoia Capital Fund IV fund extension of $210 million, Zodius & Avendus first close of $110 million and Unitus Seed Fund, Rupee Fund close of Rs 36 crore ($6 million).