Venture capital investment in India surged 400 percent, to $3.6 billion, during the first half of 2006, compared with the same period last year, according to the Asian Venture Capital Journal. Though China outpaced India with $5 billion of investment for the first half, India surpassed its northern neighbor in volume of deals, with 124 transactions. Sequoia's new India fund, which will focus on later-stage investments, just closed with investments of $400 million. Sequoia Capital India II, which was raised in 2005 by WestBridge, focuses on early-stage companies.
Check out Razib Ahmed blogging in IndiaRaj, as part of our South Asia Biz channel for more information on the state of India as a business hub.
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