Indian startups notched up an investment of nearly $1 billion across 115 private equity and venture capital transactions in September, recording a drop of 17% over August as macro headwinds continued to pose fundraising challenges, according to proprietary data compiled by DealStreetAsia.
Fundraising by Indian startups has been on a downward trajectory since April this year as global market volatility and geopolitical conditions have been adversely affecting the country’s economic activity. It was only in August that the deal-making witnessed a marginal improvement with startups raking in a total of $1.2 billion across 113 transactions.