Deal volume was the highest so far this year at 257.
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There were only two megadeals deals, among the 49 transactions in the month.
The minting of Zepto as India’s first unicorn in nearly a year was the only silver lining in the month.
E-commerce giant Lazada pocketed $845m from its parent Alibaba in July.
Investment sentiment at the growth-and late-stage funding lifts in July.
Startup funding in India had hit a low of $416m in June 2020.
There was only one megadeal in June.
There were 13 megadeals in June, compared with only five in May, that raised a combined $2.9b.
While deal value fell about 58% sequentially, deal volume remained almost flat.
East Ventures, which anchored at least four deals, was the most active investor.