Indian startup funding almost halves to $2b in June, hits 13-month low

Indian startup funding almost halves to $2b in June, hits 13-month low

Gateway of India, Mumbai, Maharashtra, India. Photo: Pixabay

Fundraising by Indian startups almost halved year-on-year in June to about $2 billion across 127 private equity and venture capital transactions, as mega-deals dropped sharply amid the market slowdown and escalating economic volatility, show proprietary data compiled by DealStreetAsia.