IT Attracts Highest Inflows
VENTURE capital investment in India is growing at a furious pace. The Quarterly India Venture Capital Report published by Dow Jones VentureOne and Ernst & Young reveals that venture capitalists invested more than $777 million in 57 deals in the first nine months of 2007. This represents a nearly five-fold jump over the comparable period last year.
The study also shows that early stage investment accounted for 63% of the deals in the first three quarters of the current year. The information technology sector attracted $327 million in 31 deals, while the business/consumer/retail sector attracted $376 million.
Dilip Dusija, associate director for private equity group at Ernst & Young, gives a perspective on the venture capital scene in the country:
For more reading check out the link:
http://entrepreneurexpress.blogspot....-to-777-m.html
Regards
Amit
VC investments jump five-fold to $777 m 
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