Startups in India raked in a total of $1.55 billion across 89 private equity (PE) and venture capital (VC) transactions in May, the best so far in 2023, according to proprietary data compiled by DealStreetAsia. The growth was about 55% over April when startups had collectively garnered $1 billion through 72 transactions.
The jump in both value and volume came in as a breather to entrepreneurs as they have been staring at a funding winter ever since mid-last year owing to macroeconomic headwinds.