Venture Capital firms invest $340-M in India during H1 ‘08

According to a study by Venture Intelligence in partnership with the U.S.-India Venture Capital Association.

Amount Invested in H1-2008 by (VC) firms : $340 million ( $158 Mn. during April-June)
Number of Deals : 51 (( 26 during April-June)

Apart from IT other key areas are alternative energy, media, retail and other consumer demand-led sectors.

Top VC Investments in H1 ‘08

1. 20 Mn. in Obopay working in the area of Mobile VAS (Payments by Essar Communications Holdings, Promethean India, Richmond Management, Others
2. 20 Mn. in Sai Advantium working in the area of CRO by MPM Capital
3. 18.5 Mn. in Cleartrip working in the area of Online Services (Travel)by DFJ, others
4. 15 Mn. in Deeya Energy working in the area of Energy Storageby DFJ, BlueRun, NEA, others
5. 15 Mn. in Soham Renewable Energy working in the area of Renewable Energyby D E Shaw
6. 11 Mn. in Jivox working in the area of Online Services (Video Advertising) by Helion Ventures, Opus Capital, others
7. 10 Mn. in Brand Marketing working in the area of Retail (Fashion Brands)by Matrix Partners India
8. 10 Mn. in Emergent Ventures working in the area of Carbon Credit Advisory by IDFC PE
9. 10 Mn. in Gridstone Research working in the area of Enterprise Software
(Stock Market) by Helion Ventures, Maverick Capital, Charles River Ventures
10. 9 Mn in Paymate working in the area of Mobile VAS (Payments) by Mayfield, KPCB, Sherpalo Ventures