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Chennai April 17 Venture capital firms have invested about $130 million across 20 deals in India during the first quarter of 2007, according to a study by Venture Intelligence in partnership with the US-India Venture Capital Association.

"The amount invested during the period was slightly higher when compared to the corresponding period during 2006, which had witnessed about $125 million being invested and significantly higher than $37 million invested in the first quarter of 2005," said Mr Arun Natarajan, Founder and CEO, Venture Intelligence, in a press release.

With 14 deals worth about $73 million, the information technology and IT-enabled services industry retained its status as the favourite among VC investors during January-March 2007. VC investors looked beyond traditional favourite sectors such as outsourcing and Internet-based services during the quarter and supported innovative companies in areas such as enterprise software and even micro-finance, according to the press release.

More Stories on : Venture Capital

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