The Halo Report – India, a study of angel investment trends in India

A recent report by the Silicon Valley Bank and Angel Resource Institute, The Halo Report-India, presents analysis and trends on India Angel and Angel Group activity, along with comparative findings between India and USA. The report further provides information about which sectors are favoured by the investors.

This report discusses angel group investment trends for angel group investments made between 2005 to 2012, representing a total of 96 reported deals and INR 177.4 Cr in total rounds including co-investors. The data presented in the report is using a conversion rate of 1 USD= INR 62.

According to the report, the mean of investment made by Indian angels and angel group is INR 1.75 Cr, whereas the median is INR 1.52 Cr.

The report further states that the median investment size made by an angel group is INR 1.10 Cr. The large amount of per group investment indicates that Indian Angel groups make most deals independently.

The median early stage pre-money valuation was INR 10 Cr as compared to INR 15.5 cr in the United States. The report further finds that approx 95 % of Indian angel group investments are in the new companies, indicating that angel groups are focused on new opportunities at the seed stage. Whereas, 56% of angel investments in the US were in new companies.

Sector Trends:

In India, maximum investment was focused in the Information Technology and services sector, with a share of around 22.6% India Angel Group deals and 25.3% India Angel Group dollars. For US, the Internet sector saw maximum activity in terms of both deals and dollars by the USA Angel group, followed by Healthcare and Mobile & Telecom in top three.

To read the full report, click here.

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