Indian VC firms struggled with exits in 2017 with SoftBank accounting for most raises

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File photo

Most of India’s top venture capital (VC) firms raised successively large funds in 2015 and 2016, betting on what looked like an internet gold mine then. Most analyst reports on India’s internet business such as those by Morgan Stanley, Credit Suisse and others predict years of fast expansion.

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