Indian startup funding hits 21-month low in July at $885m, less than half of June

Photo: Pixabay

With macro headwinds in the backdrop, fundraising by Indian startups through private equity and venture capital transactions plunged to a 21-month low of $885 million in July this year, showed proprietary data compiled by DealStreetAsia. This is also the first time in many months that fundraising in the country fell below the $1-billion mark.

The deal value in July was less than half of the $2 billion raised by startups in June as investors turned cautious towards bigger bets amid the heightened economic volatility. They are now looking at only promising and sustainable business models and those businesses that have clearly defined their route to profitability.

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