Early-stage dealmaking in India’s venture capital market closed on a subdued note last year as investors continued to struggle to shore up returns from legacy portfolios. Overall, venture capital investors concluded 351 deals worth $1.3 billion in 2017, down 27% in terms of volume and 18.7% in terms of value from the previous year, according to data compiled by Chennai-based researcher Venture Intelligence. Investors remain under pressure to generate returns on past investments and that will impact the pace of dealmaking for at least the next couple of quarters.
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