As many as 890 funding deals are expected to be signed in the telecom, media and technology space (TMT) in India this year, up from 515 deals last year, a Merisis Advisors report says.
According to the report, a bulk of these deals (580) is expected to be in the under $1 million category while those above $10 million and $100 million are forecast to be about 95 and 10, respectively, in 2015.
In the first half of 2015, 288 deals were seen in under $1 million category and 160 in the over $1 million range.
Some of the large funding deals this year include Ola’s $400 million in April, Snapdeal’s $500 million by Alibaba and others and Practo raising $90 million in August.
Compared with 2015, a total of 515 deals were inked in 2014 in the TMT space. Of this, 324 were in the under $1 million and 191 in the over $1 million brackets.
Over 430 funding deals were signed in 2013, the report said.