Small VCs making a beeline for start-ups: Report
PTI
Mumbai |
Updated on
Infused $341 million into domestic start-up ecosystem over past three years
Investments into the start-up ecosystem by micro venture capital funds, investments under $30 million, have jumped manifold to $341 million in the past three years, says an industry report. In the past decade, micro VCs have emerged as promising players in the domestic start-up investor landscape, providing the much-needed risk capital as well as hands-on mentorship to their portfolio companies as they seek to achieve product market fit and become ready to scale with stable business models. The number of micro VCs rose to 88 funds in 2020 from just 29 in 2014. The increase in the number is driven by the booming start-up ecosystem, says a joint report by the Indian Private Equity and Venture Capital Association (IVCA) and Amazon Web Services (AWS), along with Praxis Global Alliance.
Read more about Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years on Business Standard. With the startup ecosystem blooming in India, the number of such funds rose from 29 in 2014 to 88 funds last year
Mumbai, Feb 19: Investments into the startup ecosystem by micro venture capital funds, investments under USD 30 million, have jumped manifold to USD 341
Why this scion of the Birla family chose to launch an edtech startup
Founded by Yash Birla’s son, Nirvaan Birla, Birla Brainiacs is a collaborative learning app for students in Classes 1 to 12. The edtech startup began operations in April 2020, and offers courses in math, science, English, coding, mental ability, vedic math, and more.
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For more than 150 years, the Birlas have been part of India’s industrial and business history. Generations of the family have grown the family legacy and helped the group scale into a massive conglomerate.
But one of the younger Birlas has a different agenda in mind: changing the way education and pedagogy are viewed.
PE-VC investments down 35% at $1.6 b in January
February 18, 2021
‘We expect things to pick up and retain our bullish outlook for 2021 for both PE/VC investments as well as exits’
Private equity and venture capital (PE/VC) investments in January 20201 stood at $1.6 billion across 80 deals, a 35 per cent fall from the same month last year, primarily on account of fewer large deals. From a sector perspective, e-commerce emerged as the top sector recording investments worth $689 million, the first time in over two years.
The investments were 77 per cent lower from December 2020 ($2.5 billion in January 2019 and $7.1 billion in December 2020). The reporting month also recorded three PE-backed initial public offerings (IPOs) worth $165 million, according to a report by Indian Private Equity & Venture Capital Association and EY (IVCA-EY).