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Maharashtra, Bengaluru top PE funding in 2016: Report

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Press Trust of India New Delhi
Last Updated : Jan 10 2017 | 4:49 PM IST
With deals worth USD 4.4 billion, Maharashtra pipped Karnataka and Delhi-NCR in terms of attracting private equity and venture capital investments in 2016, a report by News Corp VCCEdge today said.
"With 303 deals worth USD 4,462 million, Maharashtra topped the chart of states attracting private equity and venture capital investments. Karnataka came in second having attracted funding worth USD 2,518 million from 280 deals," the report for calendar year 2016 said.
Delhi-NCR saw 190 deals worth USD 1,302 million, it added.
City-wise, Bengaluru pipped Mumbai in terms of number of PE/VC deals with the former recording 277 deals compared to 227 deals in the financial capital of the country.
However, while Mumbai outscored Bengaluru in value terms, registering deals worth USD 4,338 million as against USD 2,493 million worth of deals in the tech city.
New Delhi witnessed 165 deals amounting to USD 1,253 million, while Gurugram registered 110 deals worth USD 1,001 million, the report said.

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Maharashtra also topped the state tally of mergers and acquisition (M&A) with 243 deals to the tune of USD 23,911 million.
Haryana saw 66 such deals worth USD 11,837 million, while Karnataka registered 130 M&A deals amounting to USD 2,305 million, the report added.
Mumbai witnessed 198 M&A deals worth USD 23,643 million, while Bengaluru witnessed 126 such deals worth USD 2,282 million.

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First Published: Jan 10 2017 | 4:49 PM IST

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