“Excluding India and Mauritius, deal participation is heavily tilted toward investors from the United States, which has seen 800 disclosed equity deals to Indian start-ups since 2012 — more than four times the number of deals by investors from Singapore,” said the report.
Of the US-based investors, Tiger Global has been the most active, backing some of India’s largest start-ups, including Flipkart, Ola, and ShopClues, while also making numerous other investments in smaller companies.
The investor also featured in the list of top 10 start-up backers in the country.
Another foreign investor who closed a large number of deals in the past five years is Hong Kong-based Saif Partners, which has backed firms such as Paytm and Urban Ladder.
While India/Mauritius-based investors contributed to 61 per cent of the start-up deals in the country, foreign investors have pumped in far larger amounts of money. Even US-based Accel Partners, which has an India unit, made its largest investment in Flipkart through the overseas unit rather than the local one.
Tiger Global and Japan-based Softbank are among the largest investors in India’s start-up ecosystem, having pumped in billions of dollars in the past few years.