Private equity and venture capital firms invested about $1.5 billion in 125 Indian companies during 2005, slightly down on the year before, according to an AltAssets report that referenced Venture Intelligence India, as its source. The 2005 Indian VC activity represented a slight decrease from 2004 when 129 companies raised $1.6 billion. A total of 63 out of the 125 companies closed rounds of over $10 million, the report said.
(EE Times 17/2/2006)
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