India is the next big things when it comes to investments. In a morbid market, it seems to be the hen that is laying the golden eggs. To add to that, the government is trying its best to make the business environment as convenient as possible. Statistics also point us in this direction. Angel investment in Indian start-ups hit a five-year high in the year ended March 2016, as venture capital firms and existing angel investors pumped in cash to back the next wave of start-up stars, according to a report by InnoVen Capital, a venture debt firm.
The report states that angel investment in India in FY16 stood at Rs.113.6 crore across 69 deals, which is a rise of about 62% in deal value and 47% in deal volume from the previous financial year. To put it in crude terms: In FY15, about Rs.70 crore was invested across 47 deals. The report analyses the market and takes into account investments made by four major angel groups which are Indian Angel Network, Chennai Angels, Calcutta Angels, Hyderabad Angels and Mumbai Angels.
Well this certainly good news for the Start Up India campaign!