VC funding in India drops by 27% in Q1
Venture capital funding in India for the first quarter dropped by 27% as compared to the 4th quarter. Overall, $99 million was invested across 16 deals while the median investment size was $4.1 million. As compared to this, $135 million was invested in the fourth quarter across 17 deals.
As per the report, VC activity is steady and the drop merely reflects deals of smaller size. 67% of all VC investment ($67 million) went to seven consumer - business services companies.
ClearTrip’s $26 million round was the largest deal.
via release
