Global VCs with deep pockets come to the rescue of cashless Indian start-ups

A new set of global venture capital investors have come to the rescue of strapped Indian internet start-ups. These VC investors have a lot of money with them, and have a long-term view of the market.

These internet companies are currently facing a hard time because of a slowed down pace of investment from the existing investors.

These include Stripes Group and Thrive Capital from New York and Sands Capital from Virginia, and the companies that they are showing interest in are ticketing platform BookMyShow, healthcare technology venture Practo and grocery portal Bigbasket.

Up until now, Indian start-ups were used to of a chaotic pace of investments from investment firms like Tiger Global and SoftBank group. However, these investors are taking their own time to decide the deals, as evidenced by Stripes Group’s recent Rs 550-crore investment in BookMyShow, which was under talks for two years.

This new breed of investors has filled the space that Indian start-up market had for its fast growing growth capital. In the first six months of 2016, VC investment dropped to $1billion as compared to $2.85 billion that were invested in the first six months of 2015.

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