TITLE

Shanghai's Up, Mumbai's Down

AUTHOR(S)
Schachter, Ken
PUB. DATE
May 2008
SOURCE
Red Herring;5/22/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that venture capitalists poured 46 percent more money into China while startups in India soaked up 81 percent less based on reports from Dow Jones VentureSource. Overall, venture capitalists poured $719 million into China. On the other hand, almost 70 percent of venture investment in India went to consumer/business services with the biggest deal coming in a $26 million round for ClearTrip Travel Services in Mumbai. It is noted that U.S. venture capital firms have announced fresh initiatives in India in recent months.
ACCESSION #
36834975

 

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