Top Five Venture Capital Deals Of 2011

Venture capital investments saw a revival in 2011, with e-commerce taking off in a big way. Of the top five deals in the venture space, four happened in the e-commerce space as these companies started investing in marketing and supply chain logistics. Mobile value-added services and technology companies also continued to attract venture funds.

The year 2011 also saw increasing emergence of nearly half a dozen seed-stage funds which are looking to raise $20 million-$25 million to plug the gap between angel funding and series A round. On the backdrop of a few successful exits in Indian VC space, Limited Partners are now increasingly looking at this asset class. Here are the top five VC deals of 2011, according to VCCedge, the financial research arm of VCCircle.

Canaan Partners-Happiest Minds Technologies: The largest deal in the venture capital space came when Happiest Minds Technologies Pvt Ltd, an IT solutions and services start-up founded by former MindTree Ltd chairman and co-founder Ashok Soota, raised $45 million (Rs 229 crore) in its first round of funding, led by Canaan Partners. Intel Capital, Soota and other founders of Happiest Minds also invested in the round. The deal would make the five-month-old company one of the most highly capitalised start-ups in the Indian technology landscape. The deal was one of the most sought after, with reports suggesting that firms like the Carlyle Group, IDG Ventures, Walden International and Sequoia Capital were in the fray for the deal.  >> More here

 

SOURCE:  vccircle.com