India is a significant market for venture capitalists and private equities for placing investments in start-ups, a senior industry official said here on Tuesday.
“We see an average of $1 billion a year being invested in Indian start-ups by Singapore-based venture capitalists (VCs) and (private equities) PEs,” said Jeffrey Chi, chairman of the Singapore Venture Capital & Private Equity Association. India accounts for over 10 per cent of Singapore’s VC and PE investments totalling $9.6 billion for four markets.