Investments by venture capital firms recorded more than 150% jump during the January-June period 2017 compared to the same period last year, to touch $5.17 billion, according to data compiled by Tracxn Technologies. Japan’s SoftBank Group invested the maximum at $1.6 billion during the period compared to just $15 million during the same period last year. It invested about $1.4 billion in Paytm, while other start-ups including online-cab aggregrator Ola and True Balance – got the rest.
Sequoia Capital was the other large investor that increased its investment at $589.8 million this year from the $191 million, it had invested last year. However, IDG Ventures invested just $53.1 million between January and June this year, far less than $114.5 million it had invested during the same period last year.