In first quarter of 2021, PE-VC firms invest $508 million in T.N. companies
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For the first quarter of 2021, Private Equity (PE) and Venture Capital (VC) firms invested $508 million in eight offers in companies based mostly out of Tamil Nadu. During the identical quarter final 12 months, the quantity of offers had been greater and stood at 14 and firms had invested $336 million.
Among the highest firms that obtained PE-VC funding in the State throughout the January-March 2021 quarter are: Five Star Business Finance ($234 million), Uniphore Software Systems ($140 million), Ally ($50 million) and Shriram EPC ($48 million), in response to knowledge supplied by Venture Intelligence, a analysis service centered on personal firm financials, transactions and their valuations.
“The value of deals has risen significantly, even as the number of deals (volume) has slid. This naturally has boosted the average deal size, indicating the increasing comfort of investors to back companies that are already established or ripe for scale up with large amounts of capital,” Arun Natarajan, founder of Venture Intelligence stated.
“The increasing interest among investors for SaaS and also fin-tech and tech savvy financial services companies, is favouring Chennai-based companies with traditional strengths in these sectors,” Mr. Natarajan added.
The knowledge supplied by Venture Intelligence, reveals that final 12 months, even after the COVID-19 lockdown got here into impact from March final week, companies in Tamil Nadu managed to drag in investments throughout 22 offers till December.
In the second quarter of 2020, round $15 million got here into seven offers and in the next quarter round $97 million was invested throughout 5 offers. And in the final quarter of 2020, PE-VC firms pumped in $157 million in 10 offers.
In phrases of angel investments, there have been three offers throughout the January to March 2021 quarter when in comparison with seven offers throughout the identical interval in 2020.
The three startups that obtained angel investments throughout this quarter are the ePlane Company, YAP and AgniKul Cosmos.
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