Indian startups raised a record $2.5 billion in capital in the third quarter of calendar year 2019, the highest in any quarter this year, as a number of new investors have increased deal-making and exits have provided liquidity to investors.
Startups raised $2.55 billion in the quarter ended 30 September, 25% more than the $2 billion and $2.13 billion raised in the preceding two quarters this year, according to data from Venture Intelligence, a startup data tracker.
While deal values have increased, volumes have fallen during the same period, from 160 deals in Q1 to 117 this quarter, a trend seen over the past year or so, where large amounts of money are flowing, but to fewer firms.
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The growth in fundraising indicates that venture investors continue to remain bullish on Indian startups despite concerns of a slowdown in the economy.
Source: livemint
