CHENNAI: Buoyed by consumer-centric businesses gaining investor interest, VC deals in May 2018 recorded 44 deals at $310 million, growing 22% in volume and 30% in value year-on-year.
May 2018 is the fifth consecutive month with value crossing $300 million. The numbers reflect a drop in deals from April 2018, which saw 50 deals worth $766 million. Venture Intelligence CEO Arun Natarajan said, “April numbers were driven by the $400-million investment by SoftBank into Paytm Mall. The spread of investment this month is encouraging. From auto-to-insurance and FMCG-focused startups, investors have pumped in money across sectors.”
Ventureast founder & managing partner Sarath Naru said, “Investment in B2C businesses is seeing a resurgence. Opportunities exist in three key areas: White spaces among consumer brands, selling to India No.2 (tier-2 and -3 cities) beyond India No.1, and technology-driven B2C businesses such as fintech, general insurance, etc. We have invested in the last three months in all these kinds of businesses.”
Fintech bagged 7 deals led by investments in Acko, Impact Guru and Oro Wealth.
Consumer brands saw 5 deals with companies like Bira91, Raw Pressery and boAT bagging funding.
May 2018 is the fifth consecutive month with value crossing $300 million. The numbers reflect a drop in deals from April 2018, which saw 50 deals worth $766 million. Venture Intelligence CEO Arun Natarajan said, “April numbers were driven by the $400-million investment by SoftBank into Paytm Mall. The spread of investment this month is encouraging. From auto-to-insurance and FMCG-focused startups, investors have pumped in money across sectors.”
Ventureast founder & managing partner Sarath Naru said, “Investment in B2C businesses is seeing a resurgence. Opportunities exist in three key areas: White spaces among consumer brands, selling to India No.2 (tier-2 and -3 cities) beyond India No.1, and technology-driven B2C businesses such as fintech, general insurance, etc. We have invested in the last three months in all these kinds of businesses.”
Fintech bagged 7 deals led by investments in Acko, Impact Guru and Oro Wealth.
Consumer brands saw 5 deals with companies like Bira91, Raw Pressery and boAT bagging funding.