VC Investment In India Rises

Red Herring: Venture capital investment in India rose more than 30 percent in the second quarter, with a boost coming from United States VC firms that see substantial promise in Indian companies. Thirty-six Indian companies raised $395 million in the three-month period, according to data from analyst firm TSJ Media. In the same period last year, 12 companies raised $300 million.
The second quarter investment numbers also represent an improvement on first quarter spending. From January to the end of March, VCs invested $355 million in 29 companies.

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