Bengaluru on top, beats Mumbai in VC funding

By: | Updated: August 7, 2015 1:36 AM

Some of the top deals were by Flipkart, Olacabs and One97 Communications.

India has emerged as an important destination for venture capital funding. In the three months to June, as many as 122 deals amounting to $2.3 billion were signed. Some of the top deals were by Flipkart, Olacabs and One97 Communications. Bengaluru topped the list with 26 deals amounting to $740 million, followed by Mumbai with 17 deals amounting to over $600 million. Sequoia Capital India was the most active investor in Asia participating in rounds to Grofers, Peppertap, and Urban Ladder. In Asia, eight out of every 10 deals go to internet and mobile companies.

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