India-focused VC funds raised $3b last year, up 40% from 2019

India-focused VC funds raised $3b last year, up 40% from 2019

Photo: Pramugdha Mamgain/DealStreetAsia

Venture capital (VC) funding in India will likely stay strong this year, carrying on the sharp recovery in investment activity to pre-covid levels during the second half of 2020 after a nearly 60% drop in deal value between April and June last year, according to a report by consultancy firm Bain & Co.