VCs disappointed with opportunities available in Internet, Mobile VAS : Alootechie

VCs disappointed with opportunities available in Internet, Mobile VAS : Alootechie: "VCs disappointed with opportunities available in Internet, Mobile VAS September 3, 2007 | News | Share This According to Venture Intelligence, a research service focused on private equity and venture capital activity, internet and mobile VAS (value-added services) companies in India have accounted for only 13 per cent of the venture capital (VC) investments (by value) in the first eight months of 2007 as against 38 per cent during the same period in 2006. Avnish Bajaj, managing director, Matrix Partners, has said, “If I were to look back, and observe what has happened in the past one year, I think internet and mobile have been disappointing in terms of current opportunities. We still haven’t seen enough of promising, innovative, made-for-India kind of start-ups.” “Across the board, most VC funds have at least a couple of investments in the internet and mobile space. But the rate at which these investments have taken place has been slower than what everyone had made it out to be. It has not lived up to the hype or caught fire very quickly,” adds Ashish Gupta, MD, Helion Venture Partners."