India Deal Review: Big-ticket deals boost startup funding by 72% YoY to $2.4b in March

India Gate. Photo: Abhidev Vaishnav/unsplash

Despite the unprecedented challenges thrown by the country’s second COVID-19 wave, Indian startups raked in at least $2.38 billion across 93 venture capital and private equity transactions in March this year. The fundraising was a sharp 72% jump from the same month last year, according to proprietary data compiled by DealStreetAsia.

Compared with February 2021, deal value in March — based on the 75 disclosed transactions— was up about 83%.

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