India's new startups find fewer venture capital backers

India's new startups find fewer venture capital backers

In rushing after copycat businesses, venture capital firms may have forgotten to diversify their bets enough to cushion themselves against a downturn. Photo: AFP, Bloomberg, Hemant Mishra & Pradeep Gaur/Mint

It is no secret that for the past several months, more than a few venture capital portfolios in India have been up for sale en masse and at steep discounts.

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