India Deal Review: Startup funding falls 57% to $1.8b in May amid second COVID-19 wave

Photo: Pixabay

Fundraising by Indian startups fell by a sharp 56.7% in May as the country grappled with the deadly second wave of COVID-19 and several states were forced to impose lockdowns.

Startups raised $1.83 billion in the month from 93 venture capital and private equity transactions, according to proprietary data compiled by DealStreetAsia.

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