India: Venture capital market comes of age with over a dozen new firms in 2016

The surest sign that a venture capital market is maturing, or at least is on its way there, is when new funds and fund managers start up right in the midst of a correction. Over the past 6-8 months, more than a dozen new venture capital firms have sprouted across India’s startup market, even as investment levels across stages, from early to growth, have declined with alarming consistency. Mint reported on 29 July that first-time fund managers in India, both in venture capital and private equity, are on the road to raise as much as $2 billion as limited partner interest in this market remains strong.