“An excellent commentary on the trends in the Indian venture industry. The contours of the industry have been analyzed and presented to become a valuable resource for everybody who wants an understanding of the Indian venture industry – entrepreneurs, fund managers, policy makers, and researchers.” – Kris Gopalakrishnan, Chairman, Axilor Ventures and Cofounder, Infosys Technologies

“India has emerged as one of the leading start-up ecosystems globally in recent years. This book presents an extremely insightful analysis of the forces that is shaping the industry landscape. Each and every chapter focuses on different segments of the industry. Each complements the other and together they provide a more holistic perspective of this dynamic industry. The whole is more than the sum of the parts.” – Anup Bagchi, Executive Director, ICICI Bank

“The Indian Venture Industry has contributed majorly to building new businesses rapidly over the last ten years. Today India is one of the largest three Venture markets in the world after USA and China. Prof Thillai Rajan has filled a gap much felt of analyzing very thoughtfully the Industry from all aspects including policy. This work I expect will influence many investors from India and globally to increase allocation to the Indian Venture industry especially with exits on the rise.” – Sudhir Sethi, Founder and Chairman, IDG Ventures India

“It is the trees that make up the forest. By highlighting the key trends in different aspects of the Indian venture industry, Prof. Thillai Rajan has immensely contributed in enhancing our overall understanding of the venture industry.” – R. Ramaraj, Advisor, Elevar Equity, and Former Co-founder and CEO, Sify

“There is a shortage of analysis on the Indian VC and PE industry based on rigorously assembled data. This book compilation on the Indian Venture industry from the annual reports published by IIT Madras fill this important gap by presenting a well-researched set of views on an emerging facet of the industry that is equally accessible for academics and practitioners.” – G. Sabarinathan, Associate Professor, IIM Bangalore and Founding Member of ICICI Venture

“I am amazed at how this book brings together disparate sources of information, and slices and dices it in a myriad ways. There is something in this for everyone – from policy maker to investor, and entrepreneur.” – Dr. Rajan Srikanth, Managing Director, Smart Kapital and President, Keiretsu Forum, Chennai Chapter

“This encapsulation of several years of research into a key emerging financing class is timely and a good primer for those seeking insights into the same in the Indian market. It will help further the cause of entrepreneurship in this rapidly evolving economy by explaining the expectations and drivers of this capital.” – Sandeep Reddy, Co-founder and Managing Director, Peepul Capital

Dr. Thillai Rajan, Professor, Department of Management Studies, Indian Institute of Technology (IIT) Madras, Chennai, India and currently Associate at the Mossavar Rahmani Centre for Business and Government, Harvard University.