Close to 900 funding deals to be inked in 2015

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.

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