The technology sector in India recorded the highest deal value of $11.5 billion from around 400 deals during 2014 led by e-commerce private equity investments, sources told ET.

According to a Grant Thornton-IVCA report, the high deal value in this segment this year was largely driven by big ticket e-commerce PE investments along with large cross-border acquisitions by leading IT majors.

The trend has continued into this year as well with large IT and BPO players looking at cross border acquisitions to consolidate service offerings and expand geographic coverage.

“India, from being merely a technology adapter or importer, is now becoming a creator for technology enabled disruptive solutions,” Grant Thornton India LLP Partner Harish HV said.

Going forward, the outlook for corporate India’s deal making spree looks bullish amid a stabilising capital market, stable government and hopes of new reforms.

Indian Private Equity & Venture Capital Association (IVCA) President Arvind Mathur said: “VC/PE is swiftly becoming the avenue of choice for dynamic companies seeking finance to fund their growth plans.”

Source: Economic Times

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, India, Technology Sector, IT Sector, E-Commerce Private Equity Investments, Grant Thornton-IVCA, BPO, Grant Thornton India LLP, Harish HV, Indian Private Equity & Venture Capital Association, IVCA, Arvind Mathur.

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Securities and Exchange Board of India (Sebi), the regulator for the securities market in India, is planning to increase the investment limit for venture capital funds from 10 percent to 25 percent.

Sebi, in a consultation paper, said that it has received representations from the industry on this issue.

“Many Indian entrepreneurs have been setting up their headquarters outside India with back-end operations and/or research and developments being undertaken in India. Therefore, there is a need to allow higher overseas investment by VCFs more than existing 10% limit. The representations also state that such investments would provide opportunities to the funds to generate better returns globally, getting exposure to the international markets practices,” said Sebi’s consultative paper.

The paper said since such investments are required to have an Indian connection, it will generate indirect benefits to India by bringing in foreign capital resources, technology upgradation, skill enhancement, new employment and so on.

Source: Livemint

 

Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Securities and Exchange Board of India, Sebi, India, Indian Entrepreneurs.

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