India Deal Review: Funding sees uptick in August as startups raise $646m

Photo: Reuters

Even as COVID-19 continues to hound India’s overall economic growth, startup funding, which had plunged after the first nationwide lockdown in March, is showing some green shoots of revival.

Indian startups raised $646 million funding across 84 venture capital and private equity transactions in August led by investments in the education technology space, according to proprietary data compiled by DealStreetAsia. This is a marginal increase from July when startups had collectively raised at least $611.22 million across 82 deals.

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