Millennium Post

VC investments slide 34% to $324 mn in April-June

According to Venture Intelligence, the investment activity, measured in terms of number of deals, in the June quarter of this year was 16 per cent lower than the year-ago period, which saw 112 investments worth $491 million. 

Venture capital (VC) investments during April-June this year were led by fashion e-tailer Voonik, which raised 20 million in second round led by the existing investor Sequoia Capital India, followed by the USD 16 million third round investment in playschool company KLAY Schools.

Other start-ups that mobilised sizeable money in April-June included healthcare product e-tailer 1MG, which raised USD 15 million from Sequoia Capital India, Maverick Capital and Omidyar Network, and online tax filing company Cleartax, which attracted USD 12 million from SAIF Partners, following a USD 2 million round from Sequoia Capital India and US-based Founders Fund. 
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