Venture capital (VC) investors are increasingly participating in mid-series (Series B-C) fundraisings, attracted by more opportunities and lower competition. While there are dozens of dedicated seed-stage funds and a handful of late-stage investors, mid-stage has not seen dedicated pools of capital. Investors say the vacant space is currently filled by overseas investors and over time will get supplemented and replaced by local funds. For India-based funds, the proposition would be that we are local and more focused and have greater ability to add value.

(DealStreet Asia)