After hitting a 21-month low in July, fundraising by Indian startups bounced back in August as venture capital and private equity investors put a total of $1.2 billion to work across 113 transactions, according to proprietary data compiled by DealStreetAsia.
This was 38% higher than in July, when startups had raised $885 million across 119 transactions. However, the aggregate deal value in August was almost one-third of the capital raised in the corresponding period last year.