Total technology industry venture financing deals in June 2019 worth $233.48m were announced in India, according to GlobalData’s deals database.

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The value marked an increase of 41.7% over the previous month and a drop of 41.7% when compared with the last 12-month average of $400.4m.

India held a 2.8% share of the global technology industry venture financing deal value that totalled $8.48bn in June 2019.

In terms of deal activity, India recorded 31 deals during June 2019, marking a decrease of 6.1% over the previous month and a drop of 18.4% over the 12-month average.

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By GlobalData

India technology industry venture financing deals in June 2019: Top deals

The top five technology industry venture financing deals accounted for 75.5% of the overall value during June 2019.

The combined value of the top five technology industry venture financing deals stood at $176.24m, against the overall value of $233.48m recorded for the month. The top announced technology industry venture financing deal tracked by GlobalData in June 2019 was Accel India Management, Accel, B Capital Group Management, Chiratae Ventures, Falcon Edge Capital, Maverick Capital Ventures, Omidyar Network India Advisors, Qualcomm Ventures and Sequoia Capital’s $72m venture financing of WickedRide Adventure Services.

In second place was the $50m venture financing of Postdot Technologies by Charles River Ventures and Nexus Venture Partners and in third place was Raghav Bahl’s $21.5m venture financing of Quintillion Media.

The $17.24m venture financing of Practo Technologies by Trifecta Capital Advisors and Lightspeed India Partners, Morningside Venture Capital, Tiger Global Management, Venture Highway and Y Combinator’s venture financing of Psi Phi Global Solutions (OKCredit) for $15.5m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.