Private equity and venture capital firms pump $415 million into Tamil Nadu based companies
The Hindu
TVS Supply Chain Solutions receives highest amount with $136 million
Private equity and venture capital (PE-VC) firms invested $415 million across 18 deals in Tamil Nadu-based firms during the third quarter of this year, shows data from Venture Intelligence, a research service .
The top PE-VC investments for the quarter, which ended on September 30, came into TVS Supply Chain Solutions ($136 million) followed by CredAvenue, the subsidiary of Vivriti Capital, which connects institutions, investors, small enterprises and individuals, who lack access to financial services in India ($90 million). Ki Mobility Solution raised $51 million from a fund managed by Exor, one of Europe’s leading holding companies.
In terms of angel investments, during the third quarter of 2021 around 10 startups in the State received funding. Last year, during the same period, seven startups received angel funding. Fieldproxy, IppoPay, Chai Waale and NimbleBox.ai are some of the firms that received angel funding in recent months.