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Private equity, venture capital firms invest $598 million in Tamil Nadu
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They struck 33 deals with T.N.-based companies in 2020
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They struck 33 deals with T.N.-based companies in 2020
Despite the COVID-19 pandemic and several uncertainties, private equity and venture capital companies invested $598 million in Tamil Nadu-based companies through 33 deals during 2020.
In 2019, the State attracted $1,641 million in private equity and venture capital investments through 54 deals, according to data sourced from Venture Intelligence, a research company. For 2020, the State got funding for 22 angel investment deals, compared with 16 in 2019.
Traditional strengths “Tamil Nadu-based companies are benefiting from the growing investor interest in sectors such as software as a service (SaaS) and financial services that play to the traditional strengths of companies in the State,” says Venture Intelligence founder Arun Natarajan.