India's venture capital firms struggle to justify large funds as deals dry up

India's venture capital firms struggle to justify large funds as deals dry up

Most of India’s top venture capital firms raised successively large funds in 2015 and 2016, betting on what looked like an internet gold mine then. After the slowdown in the growth of the consumer internet business since the start of 2016, venture capital firms are struggling to justify the large funds they raised.

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