Venture capital (VC) funding in smart grid technology companies stood at Rs 616.10 crore ($101 million) in 21 deals in first quarter of 2014. In comparison, fourth quarter of 2013 saw investments worth Rs 902.80 crore ($148 million) in 31 deals. Smart Grid Communication technology companies received the most VC funding raising Rs 378.20 crore ($62 million) in 11 deals.