NEW DELHI : Marquee Indian and world enterprise capital corporations resembling Sequoia Capital India, Tiger World, Accel, Alpha Wave World and Blume Ventures stayed extra energetic within the first half of this calendar yr in comparison with a yr earlier, with some greater than doubling their investments regardless of talks of a ‘funding winter’ within the startup ecosystem.
Sequoia retained its pole place as essentially the most energetic enterprise capital agency within the six months ended June, and was amongst people who greater than doubled their new investments.
In response to VCCEdge, the info and intelligence platform of VCCircle, Sequoia struck a complete of 73 offers through the interval, virtually break up equally between new and follow-on investments, in comparison with 47 within the first six months of 2021. It made 36 new investments this yr, up from 17 final yr.
In the entire of 2021, the native arm of the Menlo Park-based agency made 109 investments. With Sequoia having raised a file $2.85 billion new fund targeted on India and Southeast Asia simply final month, the enterprise capital agency will doubtless surpass the 100 deal mark this yr as nicely.
Tiger World Administration, which raced to the second place in 2021 from the eighth spot in 2020, retained its place within the first half of this yr. The US funding agency, identified for being an early backer of Flipkart, struck 45 investments until June, almost double from final yr’s 23.
Nonetheless, with Tiger World having reportedly virtually absolutely utilized its new fund of $12.7 billion raised earlier this yr, it stays to be seen whether or not the agency will keep in motion within the latter half of the yr.
Accel, which slipped to the fourth rank within the first half of final yr from its ordinary second spot, was the third most energetic enterprise capital agency throughout January-June with 33 offers in comparison with 18 in the identical interval final yr.
An early backer of startups resembling Flipkart and Freshworks, Accel raised $650 million in commitments for its seventh fund, its largest until date, to put money into India and Southeast Asia, earlier this yr.
Alpha Wave World, which stormed into essentially the most energetic enterprise capital record final yr, climbed to the fourth spot from the tenth place final yr. Alpha Wave (previously Falcon Edge) struck 25 offers this yr, in comparison with 10 within the six months to June final yr.
Blume, a backer of recently-minted unicorn Purplle, moved to the highest 5 from the sixth spot final yr with 22 investments.
A unicorn is a privately-held startup with a valuation of at the very least $1 billion. The homegrown enterprise capital agency, additionally a backer of startups resembling Unacademy, Slice and GreyOrange, is at the moment elevating its bigger fourth fund.
These had been adopted by Nexus Enterprise Companions (21), Elevation Capital (19), Matrix Companions (17) and Chiratae Ventures (17). Elevation Capital was ranked sixth in the identical interval final yr with 15 offers whereas Nexus and Matrix had been tied within the eighth spot and Chiratae stayed in essentially the most energetic enterprise capital record in tenth place with 10 offers. Notably, Elevation Capital, previously SAIF Companions, raised $670 million for its fifth India-focused automobile earlier this yr, whereas Matrix started the method of elevating a brand new fund final month.
Supply: Live Mint