This Just In: Indian VC Investment Doubles in 2006

From a new report produced by the US-India Venture Capital Association, Venture Capital firms in India invested $508 million in 92 deals in 2006. That's an average deal size of $5.5 million, which shows the bias towards growth capital rather than risk capital. These numbers are just about double the 2005 numbers of $268 million in 44 deals.