Corporate
VC investments in cleantech firms dip 13% in 2009
Mirroring the impact of the global meltdown across sectors, investments by venture capital (VC) companies in clean technology companies fell 13 per cent on year in 2009. - PE, VC investments set to be robust in "10: Experts - Elite B-school students back in radar of finance cos - US lender CIT goes bankrupt despite $4.5 bn lifeline - Shell to cut 5000 jobs as part of restructuring - India, UK should work for reforms in global fin system: Prez - India Inc may see 8% salary hike in 2010: Survey According to a study by Cleantech Group and Deloitte, Indian companies raised $190 million (Rs 866.4 crore) last year compared to $218 million (Rs 994.1 crore) in 2008. Biofuels was the pick of venture capitalists with the segment witnessing 55 per cent of the investments. Over the last two-three years, Indian companies engaged in developing clean or green technology had attracted significant interest from local and global venture capital and private equity companies. A number of private equity funds targeting the clean technology space are raising capital from investors to invest in India. Among these is private equity firm Olympus Capital, which is raising $250 million (Rs 1,140 crore) to invest in renewable energy and environmental services companies in Asia. Global Environment Fund and YES Bank are also jointly raising a $200 million (Rs 91.2 crore) clean energy fund for South Asia.Kwik Quid commented:
Such dip result is really very unfavourable . I hope such dip down result will be resolved soon and good result will take place.
13.12.2011
sameday loans commented:
investment by venture capital companies fell to 13%.It is really unfavorable.
16.03.2012